Answer:
D. The cost from the loss of customer goodwill.
Explanation:
The main shortage costs are the loss of customers that would now go and shop elsewhere. These costs are crucial as once the goodwill is lost it is unlikely the customers would return due to not having being catered the first time. Business want to attract new customers but most importantly they want to retain customers.
This type of shortage cost can be objectified further in marketing costs that were spent to get the customer at the store front in the first place which have been in vain.
All other options are restocking costs that are to be incurred regardless in lead times.
Hope that helps.
Answer:
a. Defining the problem, generating alternatives, selecting an alternative, implementing and evaluating the solution.
Explanation:
In order to solve a problem managers should follow logical steps to solve it correctly. First, the problem needs to be defined and all the possible ways in which the problem could be resolved should be listed. Then, the solutions should be analyzed to determine which one is the best one for the specific case. After that, it should be implemented properly and the last step will be to evaluate the solution to get feedback and determine if it fixed the problem or if another solution will need to be found to deal with it.
Answer:
plan
Explanation:
planning is the first step,for every business to succeed there must be planning
Answer:
A. 125 Egyptian pounds
Explanation:
Let’s create a proportion using the following setup.
pounds/dollars=pounds/dollars
We know that 5 Egyptian pounds is equal to 1 dollar.
5 pounds/ 1 dollar= pounds/dollars
We don’t know how many pounds are in 25 dollars. We can say x pounds are in 25 dollars.
5 pounds / 1 dollar = x pounds/ 25 dollars
5/1=x/25
We want to find out what x is, so we need to get x by itself.
x is being divided by 25. The inverse of division is multiplication. Multiply both sides of the equation by 25.
25*(5/1)=(x/25)*25
25*5/1=x
25*5=x
125=x
$25 US dollars are equal to 125 Egyptian pounds. Therefore, the watch will cost 125 Egyptian pounds and choice A is correct.
