Contracts the building blocks of business

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1. Define contracts and why are contracts the building blocks of business.

2. The local office supply store sells 600 reams of printer paper each year at a price of $2 per ream. It costs them $3 to order more paper and it costs $1 per ream to store the paper. The store operates 300 days per year, and an order takes 3 days to arrive. How many reams of paper should be in each order (i.e. the EOQ)? What is the REORDER POINT at which they should place new orders?

What are the main concepts related to this problem?

3. For some individuals, change is very difficult. One could argue that a major constraint on a leader's ability to change their style is their willingness to change when needed. Do you agree with this? Why or why not?

Reference no: EM132195168

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