Studying management is crucial because it enables one to apply management theory in a number of contexts to increase effectiveness, productivity, employee happiness, and personal success.
The study of management will give you the knowledge and abilities required to succeed in leadership roles, run your own business, and successfully manage groups of people, teams, and organizations. Studying management will also put you in a position where you can earn a lot of money. Management is crucial in assisting staff members with their future planning. You must encourage your staff to consider both the now and the future.
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Answer:
Hie, the <em>price schedule is missing</em> from your question however the important principles are explained below.
a. The optimal order quantity
Optimum order quantity is the order level that results in minimum ordering costs and holding costs.
Optimum order quantity = √ (2 × Annual Demand × Cost per order) / holding cost per unit
b. The number of orders per year.
orders per year = Annual Demand / optimal order quantity
This calculates the number of orders to be placed during the year at the optimum order quantity.
Purpose of posting is to show changes that took place in the business account as a result of Financial transaction
Answer: (A) Shopping product
Explanation:
The shopping product is refers to the products that are purchased by the customer by proper research and comparing the products with all the other brands in the market.
While purchasing the product and the customers plan and needs time for taking the final decisions for buying the specific products. There are basically two types of shopping products that are:
- The heterogeneous shopping products
- The homogeneous shopping products
Therefore, Option (A) is correct.
Answer:
D. Copper is a scarce resource, which increases its value.
Explanation:
Scarcity determine how much a certain type of resources is available. When the resources become less available, The price of that resources tend to increase.
Since producing copper is way harder than producing plastic, Producer needs a way to accommodate the bigger efforts that they need to make to produce the copper. This justify why the price of copper is higher.
