A traditional economy is<span> an original economic system where traditions, customs, and beliefs shape the goods and services the economy produces, and also the the rules and manner of their distribution.</span>
Changes in commodity prices
Answer:
$7.38
Explanation:
The average cost method recalculates a new cost per unit with each and every purchase made. This new costs would then be used to calculate the costs of goods sold and inventory value.
Average cost per unit = Total Costs ÷ Units available for sale
= (200 x $7 + 800 x $7 + 600 x $8) ÷ 1,600
= $7.375 or $7.38
The average cost per unit for May is $7.38
Answer:
The optimal order quantity is 316 pounds
Explanation:
In order to calculate What daily order quantity is optimal, we have to calculate first The cost of underestimating the demand Cu and cost of overestimating demand Co
Cu = ($0.60 - $0.50)*4 = $0.40
Co = $1 - $0.80 = $0.20
Next we have to calculate the Service Level = Cu / (Cu + Co)
= 0.40 / (0.40 + 0.20)
= 0.40/0.60
= 0.6667
So, Z Value at above service level = 0.430727
Therefore, in order to calculate the Optimal Order quantity, we would have to use the following formula
Optimal Order quantity= Mean + Z Value × Std Deviation
= 301 + 37 * 0.430727
= 301 + 15.36899
= 316 pounds
Answer:
All answers which are asked related to Amazon's strategies and its customer responsiveness are answered below in details.
Explanation:
- Amazon has executed several approaches to improve its performance. These approaches include optimizing their picking and packing methods by using robots to decrease the expenses that the customer spends.
- Amazon has achieved new technology to improve performance, and customer responsiveness to increase product quality by spending in Kiva.
- Quality for Amazon implies increasing quality as perfection; rendering products, by third party retailers, that are not affected, not lapsed or broken.
- Amazon went from trading books to trading a wide variety of media and general- commodity goods.
It has a sustainable competing advantage
- When people purchase goods, they match different suppliers on a graded assortment of factors. For Amazon shoppers, those parts, or customer purchasing criteria (CPC), involve cost, fast shipment, and reliable service.
