Answer:
EOQ = ≅ 8
Explanation:
EOQ = √(2SD)/H
S = ordering cost per order = $5.0
H= Holding cost = $76
D= Annual Demand = 484 drums
EOQ = √(2 x 5 x 484 )/76
= √63.68
7.98
This implies that the optimal quantity that can be ordered for to minimize ordering and carrying cost is 8 drums per order.
Answer:
integrated marketing communications
Explanation:
integrated marketing communications involves the use ofmany different channels by businesses to deliver a clear and consistent message.
All marketing tools, approaches and resources are used to maximise impact on the mind of the consumer, while focusing on reducing cost.
Right major tools of intergrated marketing communication are advertising, sales promotion, personal selling, public relations, direct marketing, events and experiences, social media marketing, and mobile marketing.
Answer:
b. the implied warranty of merchantability
Explanation:
Implied warranty of merchantability refers to an implied assurance, in every sales transaction that the seller's goods are safe and fit for intended purpose of usage.
It represents an unspoken guarantee on the part of the seller that his goods conform to the acceptable standards and properly packaged and labeled and abide by the promises conveyed on their label.
The motive behind such a warranty being, the seller must properly inspect and test the quality of his goods before releasing them or making them available for sale in the market.
In the given case, the seller sold skis to the customer which cracked into two upon usage. The seller isn't aware of the cause of the consequence. Thus, the seller breached the principle of implied warranty of merchantabilty as per which, it should've first checked and inspected the skis before making them available for sale.
I will give you a link from quizlet. Just wait..
Answer:
Part 1: How much raw steel does a representative firm produce when the market price is $700?
30Q = 700
Q = 23.33
Part 2: How much raw steel does a representative firm produce when the market price is $400?
30Q = 400
Q = 13.33
Explanation:
One year ago:
Qs = 600 + 4P ; Qd = 9000 - 8P
600 + 4P = 9000 - 8P
Price one year ago: $ 700 'Quantity one year ago: 3400
Current market: Qs = 4200 + 4P ;Qd = 9000 - 8P
4200 + 4P = 9000 - 8P
Price for current market: $ 400
Quantity for current market: 5800
C(Q) = 1,200 + 15Q2
A representative firm in a competitive market would produce steel where MC = P
MC = dC/dQ = 30Q
How much raw steel does a representative firm produce when the market price is $700?
30Q = 700
Q = 23.33
How much raw steel does a representative firm produce when the market price is $400?
30Q = 400
Q = 13.33
