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A hardware store bought a gross (12 dozen) of hammers, paying $602.40 for the total order. The retailer estimated operating expenses for this product to be 35% of sales, and wanted a net profit of 5% of sales. The retailer expected no markdowns. What retail selling price should be set for each hammer? [Hint: The way to handle this problem is to say that the Gross Profit Margin has to cover the 35% of expenses applicable to the product plus the 5% of net profit wanted. And once you know the GPM%, you know the Cost percentage of the Selling Price. ]
Show work (calculations), no excel.
A manufacturer of disk drives for notebook computers wants a MTBF of at least 50,000 hours. Recent test results for 12 units were one failure at 12,000 hours, two at 20,000 hours, and one more at 40,000 hours. The remaining units were still running a..
describe the role of green sourcing strategies in logistics design and how an organization may be affected by this
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Define strategic management include in your discussion a description of the relationship between strategy formulation and implementation.
Environmental Responsibilities: As the head of your company's global supply chain, what are some of the major steps you would take to insure that your supply chain is "environmentally friendly"?
What types of products are best suited for selling on the Web?
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