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The local student chapter of IISE decides to hold a bake sale on Frenger Mall. They are selling a traditional, old-world pastry that members can bake at home and bring in. They discover through a study that demand is distributed N(100, 15). Each pastry costs $0.25 to produce and sells that day for $2.00. If they don’t sell all the pastries, each unsold pastry is donated at a revenue per item of $0.00. They estimate that a lost sale costs them the lost $1.75 revenue over the $0.25 to make the pastries. Make a recommendation to this group for an optimal strategy.
Is Workplace Drug Testing a Wise Corporate Policy?
Due to variations in processing times due to the size and length of the bracelets, it has been decided to keep 25 percent of the needed inventory as safety stock. Explain how many kanbans card sets are needed.
With suitable product specific examples discuss how different types of cost trade-offs a logistics manager would encounter in strategic planning.
Thoroughly research and analyze two opportunities and two threats that this organization is facing.
How does the SWOT analysis help a company develop solid and well-structured financial, marketing, and distribution/logistics plans? Explain
As the company undertakes mainly engineering projects, they hire engineers for the duration of projects when highly specialist engineering skills are needed.
What are the 6 major barriers to effective business communication.
Are the salaries received by professional sports athletes outrageously high? Should the CEO's of financial institutions receive more monetary compensations than entertainers, since their jobs contribute more to the development of the country? What ar..
Provide a descriptive example of the 5 process groups or cycles that the Project Management Institute uses,
A processing centre has the capacity to assemble 500,000 units per year. At present it is operating at 75% of capacity. The annual income is $500,000. The annual fixed cost is $125,000 and the variable cost $0.50 per unit assembled. What is the annua..
Describe how a Gantt Chart can contribute to the successful management of a company's various activities.
A new antibiotic is separated from a fermentation broth by adsorption on resin beads in a fixed bed.
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