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A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of 40 quarts per day and a standard deviation of 8 quarts per day. Excess costs run .45 cents per quart. The grocer orders 47 quarts per day. Use Table. a. What is the implied cost of shortage per quart? (Round your z value to 2 decimal places, your service level probability to 4 decimal places and your final answer to 2 decimal places. Omit the "$" sign in your response.)
What is the underage for cupcakes for a franchise? What is the profit-maximizing service-level for cupcakes for a franchise?
Discuss some examples of real - life organizations that use demand management as a resource planning strategy. Identify a goods - producing or service - producing organization and discuss how it might make aggregate planning decision.
How might different competitive strategies help to explain why Electronic Arts lost its leadership in the video-game market to Activision Blizzard? What is the Enterprise Resource Planning (ERP?)and what does it use for? When an industry is in declin..
After reviewing the PMI Code of Ethics and Professional Conduct, identify which potential ethical violations exist.
Task roles, social roles and individual roles: which role or roles do you typically assume in groups, teams, and meetings? Identify two task and two social roles you usually do not assume. Why don't you assume these roles?
How could having the wrong leadershitp typer or style in place affect a firm/organization?
In traditional accounting systems, all quality costs except inspection and testing are charged to overhead.
Review the case “Zara: The Capabilities Behind the Spanish ‘Fast Fashion’ Retail Giant”. Discuss how Zara has developed capabilities that give it a competitive advantage. Relate these sources of competitive advantages back to the two basic rules that..
You have been hired by Santori, Inc., a small company that imports and distributes an Italian sparkling water.
Formulate a Linear programming model with an objective to maximize profit. Using the names of variables as A, B, C, D, E and F, write down the LP in algebraic form as discussed in the class
Personal selling is a face-to-face communication between a prospective buyer and a sales representative of the company.
What models of innovation and change management leaders use to create a culture of innovation.
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