The answer to this question is that the manufacturer is using outsourcing. Outsourcing is getting or having contact from a different or outside supplier or third party vendor for goods and services. The advantage of outsourcing is that the products is produced with high efficiency and quality.
The answer to this problem is "CHAMPION" such as when the <span> Senior Executive of the company who promotes the project and ensures its support, both financially and administratively aspects, at the highest or the top levels of the organization is needed to fill the role of a CHAMPION on a development team where he will leads and facilitate to achieve the common goals of the entire organization.</span>
Answer:
a) EOQ = √[(2 x S x D) / H]
- S = order cost = $21
- D = annual demand = 930 x 12 = 11,160
- H = annual holding cost = $35 x 28% = $9.80
EOQ = √[(2 x $21 x 11,160) / $9.80] = 218.7 ≈ 219 shoes
b) total ordering costs = (11,160 / 219) x $21 = $1,070.14
total holding costs = $9.80 x (219 / 2) = $1,073.10
total purchases = $35 x 11,160 = $390,600
total inventory costs = $392,743.24
c) The EOQ model faces two main problems:
- first, it assumes that the demand is constant and can be predicted with 100% accuracy and that is not usually the case. Also, demand might be seasonal which makes the EOQ model useless.
- second, it assumes costs are constant and they are generally not, e.g. the price of shoes might change
Answer:
B). targeting strategy and marketing mix
Explanation:
This are the options for the question;
a. locational excellence strategy.
b. targeting strategy and the marketing mix.
c. supply chain management.
d. operational excellence strategy.
e. strategic business unit control.
From the question we were informed that Customers around the world know Pepsi and consider it a primary "go-to" brand if they want a refreshing drink.
In this case this positioning reflects Pepsi's careful implementation of targeting strategy and marketing mix.
This is because in concept of finance, targeting strategy is used in market segmentation.this is selection of product that will sell very well for each segment of consumers.
Pepsi also utilize the marketing mix strategy which is a tool that helps to control the target market, it is used in marketing to control Product, Price, Place and Promotion for more demand for their products.