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Garden Variety Flower Shop uses 760 clay pots a month. The pots are purchased at $2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $20 per order. The manager has been using an order size of 1,500 flower pots.
a. What additional annual cost is the shop incurring by staying with this order size? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)
b. Other than cost savings, what benefit would using the optimal order quantity yield? (Round your answer to the nearest whole percent. Omit the "%" sign in your response.)
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Porter's value system shows the organisation in terms of The value chains of suppliers, channels and the customer.
According to police sources a car with a certain protection system will be recovered 85% of the time. Find the probability that 5 of 7 stolen cars will be recovered.
The average age of the US workforce is increasing and will continue for several years.
What is the role of an organizational leader ans what significant impact should they have on a Organization in the past, present and future of a company?
what is an advantages of operations management applied to apple during the manufacturing of the laser equipment machine?
A Work Breakdown Structure (WBS) component is a term that simply refers to an entry in the WBS that can be at any level.
Bella, a single mother, worked for one of Casper's Burger King restaurants, where she had a record of perfect attendance. One Saturday, her three-year old son awoke with a high fev
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In December, general motors produced 7,200 customized vans at its plant in Detroit. The labor productivity at this plant is known to have been 0.10 vans per labor hour during that
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