Answer:
A deductible
Explanation:
In insurance a deductible is the amount that a victim of an accident will have to.paynoit of his own pocket before the insurance pays for the rest.
When setting up an insurance the customer is allowed to set his deductible.
Lower deductibles attracts higher premium payments, while higher deductibles have lower premium payments.
In the scenario where Manny was in an accident with a bill totaling $11,500 and the insurance company says he needs to pay the first $1000. The $1,000 is the deductible amount
Answer:
In economics, nominal value refers to the current monetary value and does not adjust for the effects of inflation
Explanation:
Answer:
The EOQ is 642
The reorder point is 2,699
Explanation:
In order to calculate the EOQ we would have to calculate the following formila:
EOQ=√2DS/H
According to the given data we have the following:
D = 55,000
S = 21
H=40%*purchase cost
H=0.4*14 = 5.6
Therefore, EOQ=√(2*55,000*21)/5.6
EOQ=642
To calculate the reorder point If a service level of 98% is desired during the reorder interval, we would have to use the following formula:
reorder point=dL+z√σ∧2dL+σ∧2Ld∧2
reorder point=(7*205.22)+√(2.05*√(5∧2*7)+(3∧2*205.22∧2)
reorder point=2,699
Answer:
The idea is that one variable is the effect of another variable or, to say it another way, that one variable precedes and/or causes another. The dependent variable is the variable to be explained (the 'effect”). The independent variable is the variable expected to account for (the “cause” of) the dependent variable.
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Answer: A. a well-known and well-respected brand name
Explanation:
Good examples of a marketing-related key success factor include breadth of product line and product selection, proven ability to improve production processes, clever advertising and courteous, personalized customer service.
Therefore, a well-known and well-respected brand name is not among the options for Marketing related success factors.
