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1. A business can still achieve their objective when information is missing or incomplete, but also how they may not achieve their goals despite making the “best choice”? Provide an explanation on how these are both true
2. Someone once said “build a better mousetrap and the world will beat a path to your door.” If this is true, why is it important for a retailer to select the correct site within a trading area? Explain your answer.
Garden Variety Flower Shop uses 890 clay pots a month. The pots are purchased at $3.70 each. Annual carrying costs per pot are estimated to be 50 percent of cost, and ordering costs are $30 per order. What additional annual cost is the shop incurring..
Discuss the issue of centralization versus decentralization as it applies to the purchasing function. What are the advantages of centralized purchasing organizations? What are the disadvantages of centralized purchasing?
Elucidate how often (illustrate what percentage of time) is each service desk idle. Illustrate what is the probability that both service clerks are busy.
Marcello & Sophia Bella Gelato manufactures gourmet ice cream, sorbet, and other frozen desserts and sells its products at its own stores. People drive long distances to buy its ice cream and other assorted deserts.
which is the best e-book reader to acquire? What is the consistency in your analysis?
Describe the challenges that an organization will face when changing business processes and how information systems support business process.
A juarez, Mexico, manufacturer of roofing supplies has developed monthly forecasts for a family of products. Data for the 6-month period January to June are presented in the table below. There are 8 hours of production per day. Juarex has yet a sixth..
What is a global strategy and what is it's benefits?
Use the Newsvendor Model spreadsheet to set up and run a Monte Carlo simulation assuming that demand is Poisson with a mean of 45 but a minimum value of 40 (use the lower cutoff parameter in the distribution dialog). Find the distribution of profit f..
Why do governmental institutions often have a preference for dealing with local of national suppliers? Provide and discuss some recent examples from the press. Governmental institutions prefer to deal with local national suppliers because of politica..
What is the need for the process capability index (Cpk) when we already have the process capability ratio (Cp)? In other words, discuss why Cp is or is not sufficient.
Discuss the various types of business crimes, a business liability for crimes committed by a business and/or its employees, and the application of biblical principles to crime and liability.
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