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A. In 1 year, a health food manufacturer produces and sells 240,000 cases of vitamins. It costs $2 to store 1 case for 1 year and $15 set up to run a batch. How many batches should be produced annually in order to minimize the cost? B. Your uncle runs a small vitamin booth in the mall. he has some storage space but not a lot so he has to order wisely. If he needs 25 cases for the year, pays $35 per case in addition to the $30 processing fee each time he orders, and estimates that it costs him $7 per case to store it in his booth- how many cases should he order at a time? C. Your uncle just called- boy is he mad. The manufacturer just called and said the price per case of vitamins is going up $4. He just got in a big shipment and is worried that with the increase in price his customers will not buy the product. Does the elasticity of demand indicate this may occur? If there is reason to believe that the demand will change, what percent of change should your uncle expect? (Note: recent marketing studies indicate that the demand for this vitamin is q=400-0.2p^2)
Which of the following are measures used by marketing executives?
When the Bell System was broken up, the old AT&T was split into a new AT&T in addition to seven regional telephone companies. The specific reason for forcing the breakup was to increase the degree of competition in the telephone industry. Do you thin..
Ray’s Satellite Emporium wishes to determine the best order size for its best-selling satellite dish (model TS111). Each unit costs $160. Ray has estimated the annual demand for this model at 1000 units. What is the holding cost (in dollars) per unit..
Determine whether each of the following requirements is adequate. If it is not, state the reason(s) and rewrite the requirement so that it meets the characteristics of good requirements. Requirement: Before the end of the decade the United States sho..
At an automatic car wash, cars arrive randomly at a rate of 2 cars every 15 minutes. The car wash takes exactly 5 minutes (this is constant). Answer the following questions: On average, what would be the length of the line, how long would each card s..
The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its specialized manufacturing process, considerable work-in-process and raw materials are needed.
How can a small business provide affordable health care to their employees?
Borders places a single order with the publisher for delivery at the beginning of the two-month period. Currently, Borders discounts any unsold books at the end of two months down to $3, and any books that did not sell at full price will sell at t..
Is there something unethical about using cost-benefit analysis? As a society we often perform cost-benefit analyses involving lives. What is a lost horse forecast? How do you make one for your Course Project?
Illustrate what a manager can do to diagnose also improve motivation. Consider when a group or team is involved explain how this differs from when just individuals are involved.
A female customer on a video conference says the following: “I’m calling about this purse that I bought at your outlet store. I really liked it but I noticed that there was a stain on the bottom. It’s not on your website, but I was even looking at au..
a. a textile manufacturer wants to set up a control chart for irregularities .e.g. oil stains shop soil loose threads
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