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Problem 3-5 A cosmetics manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot Cream. Ft = 80 + 11t where Ft = Annual Sales (000 bottles) t = 0 corresponds to 1990 a. Are annual sales increasing or decreasing? By how much? Annual sales are by thousands bottles per year. b. Predict annual sales for the year 2006 using the equation. Annual sales is thousands of bottles.
Determine the formula of the Economic Order Quantity. The formula for Economic Order Quantity (EOQ): EOQ = √((2x C O x D)/(C H ) Here D = Annual demand (units)
write and explain the essentials of management giving practical examples
2-10 minute breaks, 1-20minute lunch, 1-10 minute clean up, restroom. What is the maximum time in hours the machine is available to run in a single shift?
Ask question #Minimum 100 words acceptedTopic 2: Logistics Logistics is the management of the flow of goods, information and other resources, including energy and people, between
Discuss the differences between utilization and efficiency as measures of system performance. Which (if any) is the most useful measure for an operations manager? Why?
The school cafeteria can make pizza for approximately $0.30 a slice. The cost of kitchen use and cafeteria staff runs about $200 per day. The Pizza Den nearby will deliver whole pi
Code of Conduct in the European Union and Statement of Ethics discuss and compare the two codes from these marketing association. Discuss the similarities and differences between t
A farmer has 10 acres to plant in wheat and barley. He has to plant at least 7 acres. However, he has only $1200 to spend and each acre of wheat costs $200 to plant and each acre o
Why do firms engage in FDI when alternatives such as exporting and licensing are available? How do location-specific advantages influence organisational decisions on FDI?
Explain Theory 'Y'. This theory is place forward by Douglas McGregor. It is based upon the management thinking containing certain assumptions regarding human nature and human b
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