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Business opening hours
a) Opportunity cost refers to the cost of the next best alternative that is foregone in a decision. In this case, it refers to the loss income by not opening supermarkets on Weekends.
b) Illustration of opportunity cost mentioned include
These factors will obviously affect commerce decision making, e.g. whether to do business on Sundays or 24-hour a day.
What are the relatively distinct leadership styles? The three relatively distinct leadership styles are as illustrated below: 1. Authoritarian: leader makes every decision
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Controls on the production systems: 1. No inventory is moved unless authorized to be so by a move card. 2. Each bin contains a fixed exact quantity of inventory no mor
List some scientific decision aids that you may prescribe to improve the situation.
The capacity of production systems as well as the nature of storage faculties considerably affects the inventory policy of an organization, e, g capacity for heating oi
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various function of management that constitute process of management
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