The government place price ceilings, such as rent control, on some essential goods because of the reason of limiting <span>the impact of equilibrium pricing. This will also limit the direct increase of the prices of the goods. This will also help regulate the flow of prices in the market.</span>
Answer:
Decision : It would be better to Replace Old Machine
Explanation:
Check the file attached for proper arrangement and explanation of the solution. Thank you.
Answer: Conventional supermarket
Explanation:
Conventional supermarket is a departmentalized food store that has a wide range of food and related products and the sale of general merchandise is limited.
Conventional supermarket started about 75 years ago. The aim of establishing a conventional supermarket is that large-scale operations would lead to higher volume of sales, and low prices.
Answer:
Expected number of orders=31.6 orders per year
Explanation:
<em>The expected number of orders would be the Annual demand divided by the economic order quantity(EOQ).</em>
<em>The Economic Order Quantity (EOQ) is the order quantity that minimizes the balance of holding cost and ordering cost. At the EOQ, the holding cost is exactly the same as the ordering cost.</em>
It is calculated as follows:
EOQ = (2× Co D)/Ch)^(1/2)
Co- ordering cost Ch - holding cost, D- annual demand
EOQ = (2× 10 × 100000/2)^(1/2)= 3162.27 units
Number of orders = Annual Demand/EOQ
= 100,000/3,162.27= 31.62 orders
Expected number of orders=31.6 orders per year
