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Anestetic [448]
4 years ago
13

Which of the following is NOT a function of inventory? O A. To minimize disruptions in the production process OB. To provide sel

ection of goods for anticipated customer demand O C. To increase total invested capital O D. To leverage discounts for buying in bulk Concept Question 5.5 A firm's probability of a stockout for a popular item is 2%. Given this information, what is its service level for this popular item? O A. 2% OB. 98% OC. 4% O D. 96%
Business
1 answer:
yarga [219]4 years ago
3 0

Answer:

1.  C. To increase total invested capital

2. B. 98%

Explanation:

(1). An organization monitors its inventory to ensure it has enough quantity of raw materials, so the production process is not disrupted.

Also when an organization purchases inventory in bulk, it gets a discount on the purchase price.

An organization also manages its inventory to ensure it has a range of goods available in anticipation of customers' demands.

<u>Inventory does NOT increase the total amount of capital invested.</u>

(2). Probability (risk) of stockout = 2% = 0.02

Service level = 1 - stockout risk

Service level = 1 - 0.02 = 0.98 = 98%

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2 years ago
Candy crunchers wants to see if their new candy is enjoyed more by high school or middle school students. they decide to visit o
lukranit [14]
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7 0
4 years ago
Read 2 more answers
Porches, Inc. sells lawn furniture. Selected financial information for the most recent year is as​ follows:Beginning merchandise
Hatshy [7]

Answer:

The operating income for the​ year is $97,000

Explanation:

For computing the operating income, first, we have to calculate the cost of goods sold. The formula to compute the cost of good sold is shown below:

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= $33,200 + $92,000 - $35,000

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= $262,900 - $90,200 - $75,700

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6 0
4 years ago
A__________is designed to reduce the cost of transporting materials while maintaining safe and reliable delivery.marketing infor
Cloud [144]

Answer:

The answer is logistics information system.

Explanation:

Logistics is defined as the process of delivering goods from point of origin to point of consumption through various transportation methods. Logistics management can be very complex, depending on the type of product that the company manufactures or distributes. Because in executing a logistical operation, one requires coordination with multiple parties, a logistics information system would be beneficial in ensuring that the process is done in the most efficient and effective manner .

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4 years ago
What characteristics are possessed by the best​ salespeople?
exis [7]

Answer:

B, D and E

Explanation:

The sales department is a common component that is all organizations. It is comprised of sales representatives with different skills and abilities. The best persons will share similar characteristics. These are the traits that make them effective and puts them at the top. They include

  1. Communication skills. A goods salesperson is able to initiate and sustain a conversation with a customer. Clients tend to resist sale representative whose interest is to close a sale as quickly as possible.  He or she must provide excellent proposals and quotes to keep the client interested.
  2. Maintain relationship with clients. A good salesperson maintains a relationship with customers. He or she is not interested in the current deal only, but future prospects too.  
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