Place utility is created by making a product available at a location where customers wish to purchase it.
Test retest reliability
The performance management,term refers to a measure that obtains consistency of results over time.
It also carries the idea of performance appraisal through which more work can be achieved by rewarding the personnel who achieve their targets on time and show their results.
It helps optimize the performance to obtain consistency over the time with providing feedback and improvement in the performance. Psychometrics tests and evaluation test are used for improvement of employee performance. Several policies and procedures are also implemented for their welfare.
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Answer:
Highly inelastic
Explanation:
Price elasticity of demand is a measure of the demand of a given service or commodity by utilizing it's price change. It can be calculated using the formula;
Price elasticity of demand=%change in quantity demanded/%change in price
%change in quantity demanded=((Final demand-Initial demand)/Initial demand)×100
((299-300)/300)×100=-0.33%
%change in price=12%
12%>0.33%
The change in price is larger than the change in demand, therefor the product is highly inelastic
Answer: usage-rate segmentation
Explanation: Usage-rate segmentation divides a market by the quantity of product bought or consumed. The 80/20 principle holds that 20 percent of all customers generate 80 percent of the demand.
Answer:
It will produce 1,500 espresso
and 1,800 food processors
Explanation:
![\left[\begin{array}{ccc}&$processors&$espresso\\$Sales&155&245\\$Variable&90&180\\$CM&65&65\\$Constrain resource usage&0.5&0.333\\$CM per constrain&130&195\ \end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D%26%24processors%26%24espresso%5C%5C%24Sales%26155%26245%5C%5C%24Variable%2690%26180%5C%5C%24CM%2665%2665%5C%5C%24Constrain%20resource%20usage%260.5%260.333%5C%5C%24CM%20per%20constrain%26130%26195%5C%20%5Cend%7Barray%7D%5Cright%5D)
As the espresso provides more contribution per machine hours is better to first fullfil the demand for this product:
1,500 espresso / 3 per hous = 500 hours on espresso
1,400 - 500 = 900 hours to produce food processors
outcome: 900 x 2 = 1,800 units
