In what ways does team differ from group

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Reference no: EM132250500

1. In what ways does a team differ from a group? Explain why teamwork is so important in the hospitality industry (this should be a layup for you). Identify the characteristics of an effective team (using characteristics of bad team can help with this). Finally, what types of teams have you been involved in at work?

2. A furniture manufacturer uses 750 gallons of glue per month, which it buys at a price of $10 per gallon. Carrying cost per gallon per year is 35% of the per-gallon purchase price, and it costs $28 to place an order for glue. Right now the manufacturer places an order for glue every month.

If the manufacturer used the EOQ, how much would it save each year? (Round intermediate calculations and final answer to 2 decimal places)

Reference no: EM132250500

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