Answer:
<u>True.</u>
Explanation:
The concept of marketing can be defined as a set of strategic tools used for the development of an organization through the variables product, price, place and promotion.
Therefore marketing is used by both for-profit and non-profit companies as its primary purpose is to help the organization develop and achieve positive results.
In non-profit companies, Social Marketing is practiced, an expanding concept in the world, whose objectives are to attract sufficient resources and convert them into products and services that can be distributed to the consumer public for the non-profit institution to be successful.
Answer:
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3. The goal of inventory management is to have the right ______, in the right _______, at the right _______.
A. product, range, season
B. price, place, supplier
C. price, range, season
D. product, place, time
4. A supply chain with a distributor has more product handling than one without a distributor. True or False?
5. Lead time is a way to measure the availability of inventory. True or False?
6. Expected profit is a direct measure of how well a company serves its customers. True or False?
7. Demand is modeled with a normal distribution that has a mean of 300 and a standard deviation of 50. What is the probability that demand is 400 or less?
A. 97.7%
B. 95.4%
C. 47.7%
D. 2.3%
Explanation:
Answer: 10.2%
Explanation:
The formula to solve this question will be: Re =D1/P0(1 - float) + g
where,
D1 = $2.00
P0 = $40
Float = 4% = 4/100 = 0.04
g = 5% = 5/100 = 0.05
We will then solve Myers' cost of new external equity by slotting the values into the formula written. This will now be:
Re =D1/P0(1 - float) + g
= 2/40(1 - 0.04) + 0.05
= 2/(40 × 0.96) + 0.05
= 2/38.4 + 0.05
= 0.052 + 0.05
= 0.1020
= 10.2%
Myers' cost of new external equity will be 10.2%
Answer:
Cp = 1.667
Cpk = 1.25
The filling process will deliver the customer's specifications since Cp > 1 and Cpk > 1
Explanation:
Given data:
Customer Specification 3.98 4.02
Process Average 4.005
Process Standard Deviation 0.004
<u>Calculate the Cp and Cpk values</u>
Cp = Δ customer specification / ( 6 * std )
= (4.02 - 3.98 ) / ( 6 * 0.04 )
= 0.04 / 0.24 = 0.1667 + 1 = 1.667
Cpk ( upper ) = ( 4.02 - process average ) / ( 3* std )
= ( 4.02 - 4.005 ) / ( 3 * 0.004 ) = 1.25
Cpk ( lower ) = ( process average - 3.98 ) / ( 3 * std )
= ( 4.005 - 3.98 ) / ( 3 * 0.04 ) = 2.083
Cpk = minimum value of Cpk = 1.25
