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mezya [45]
4 years ago
9

Effective controls relevant to the efficiency of purchases will result in proper evaluation of the time for ordering merchandise

. When making this evaluation, the purchasing company should give primary consideration to
Business
1 answer:
ch4aika [34]4 years ago
3 0

Answer:

The trade-off between the cost of owning and storing excess merchandise and the risk of loss by not having merchandise on hand.

Explanation:

Effective management of costs when purchasing inventory for sale must be well planned by a business.

Economic order quantity calculation is used to minimise cost of storing excess merchandise and cost of ordering merchandise.

The model is based on assumption of constant demand for goods and effectively avoids stock outs. This is done by using probability to estimate the loss that will be incurred by not having stock on hand.

This consideration between storage cost and cost of not having stock will guide the business to make stock ordering choices that will minimise cost

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Which strategies is suggested to help build strong interpersonal business relationships?
Sonja [21]

Answer and Explanation:

Gain trust: Business relationship is sealed with trust. If you are able to make a business partner trust you, you are sure to keep doing business with them. Do not try to take advantage of them and be sure they ate not thinking in that direction.

Show interest in people: keeping up with people and always showing that you actually care, and want to assist in any way you can is a sure way to seal a client for life. Be family.

Work hard: you can not build business relationships if you are not a person that delivers. It doesn't matter if you are a nice person that always cares, if you cannot bring results and be trusted to deliver you cannot have any useful business relationship. This is the most important strategy.

Networking: networking is a popular form of building business relationships. Formal occasions, conferences, informal hangout spots, the gym are all places where you can meet new people and start a business relationship.

6 0
3 years ago
What is internal financing?
postnew [5]

<span>Internal financing is when a firm uses its profits as a source of capital for a new investment. Instead of the firm obtaining financing from the outside, the firm can use its profits to acquire new investment. This can be considered less expensive than external financing because no transactions costs will be incurred. </span>

4 0
3 years ago
When making a large purchase, you should avoid everything except _______________________.
Maslowich
Except a price that fits comfortably in your budget
6 0
2 years ago
Imagine that your firm has made a commitment to increasing the diversity represented at higher levels of the organization. What
Serhud [2]

Incomplete question. The options read;

a) Assess the external labor market

b) Create a replacement chart

c) Forecast internal supply

d) Conduct a job analysis

Answer:

<u>a) Assess the external labor market</u>

<u>Explanation:</u>

<em>Remember</em>, by assessing the external labor market, one can find determine groups that are underrepresented in the labor market. In other words, the groups that are minorities can then be identified from among the external labor market.

For example, if you discover that <em>"</em><em><u>ethnic or social group A"</u></em><u>,</u> has been under-represented or hold little higher-level positions in the external labor market for a number of years, you can now forecast positions where these minority groups could be staffed in the firm.

5 0
3 years ago
When Scott says, “Human resources is one of the most important things we do in our business,” what is he referring to?
vfiekz [6]
<span>Scott's reference to Human Resources refers to the treatment of employees. Employees are important to a business for numerous reasons. Retention of employees reduces the costs associated with the on boarding of new hires. Employees that feel invested in also often form loyalty for their employer and may contribute more than expected to their tasks.</span>
6 0
3 years ago
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