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Stock out cost means the cost associated with not serving the customers. Stock outs imply shortages. If the stock out is internal ( that is in the production system) it would imply that some production is lost resulting in idle time for men and machines or that the work is delayed which might attract some penalty. While if the stock out is external it would result in a loss of potential sales and / or loss of customer goodwill. A shortage can evoke different reactions from customers it would result in a backorder or a lost sale. In case of backorder the sales are not lost they are only delayed.
compare the liability of the owners of partnerships, sole proprietorship and corporations.
Daily maintenance for every facility is not advisable as it would be quite expensive and time consuming. Hence according to the requirements and importance of the machi
1. Do you agree that countries are wrong in luring companies by offering incentives and tax benefits? Give reasons in support of your answer.
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Question: a) (i) What are the main physical properties of mercury? (ii) Explain how can man be exposed to mercury? (iii) State four health effects of exposure to merc
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Problem 1: (i) (a) Using examples where appropriate, explain the four steps in the control process. (b) Mention the different types of control. Problem 2: Money is a
? Develop a separate summary statement for each potential ally for a co-operative venture that describes their alignment with MacVille’s vision, mission, values and attributes, as
How would you classify the GE culture in terms of the "Handy Model" discussed, please motivate your answer to explain why you have chosen a specific culture/s based on the informat
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