Answer:
evidence-based decision-making
Explanation:
Evidence - based decision - making -
It refers to the method of decision making which require certain evidence to help for the process , is referred to as evidence - based decision making .
The method require certain data or information like chats , feedbacks , telephone conversation etc. with the consumers in order to consider the likes and disliked of the consumers , in order to improve the product according to the taste of the consumers .
Hence , from the given scenario of the question ,
The correct answer is evidence - based decision making .
Answer:
The correct answer is c) 300,000
Explanation:
In this question machine hour is limiting factor. So in order to make most lucrative mix we will have to find which product give more contribution per limiting factor. Detail calculations are given below.
Contribution per Limiting factor (machine hour)
Executive = 60/2 = 30 per machine hour
Deluxe = 250/10 = 25 per machine hour
So
It is more profitable to produce executive chair
As demand for chairs are unlimited so company will use all its machine hour to produce executive chairs.
Contribution = 10,000 * 30 = 300,000 dollars.
Home loan amount = $165,000
Estimated closing costs = $6,187.50
% of estimated closing cost = ?
$165,000 * x% = $6,187.50
x% = $6,187.50 ÷ $165,000
x% = 0.0375
x = 0.0375 x 100 = 3.75
Therefore, estimated closing costs = 3.75% of loan amount = 3.75% of $165,000
Actual closing costs = 3.5% of loan amount = 3.5% of $165,000 = $5775
Difference in estimated and actual closing cost percent = 3.75% - 3.5% = 0.25%
The closing costs were lower than the estimate by 0.25%
Answer: X-intercept is (1,0)
Explanation:
Answer:
The answer is to minimize the reodering cost
Explanation:
We have three motives for holding inventory
1. Transaction motives of holding inventory This is to enable day to day transaction running of inventories.
2. Precautionary motives of holding inventory: Holding inventory to guard against unforeseen circumstances or to meet emergencies. For example, unexpected increase in demand.
3. Speculative motives of holding inventory. This is the holding of inventory in order to take advantage of any potential Investments. For example, to hedge against risk, take advantage of discounts.
All the options EXCEPT 'to minimize reodering cost' option are the reasons holding inventories.