Answer:
Data Warehouse
Explanation:
A “data warehouse” is a repository of current and historical data of potential interest to managers throughout the organisation, that has been organized by subject to assist decision makers to be guided in their decision making.
The data in the data warehouse may be recent or ancient, and may be in its raw form or may have been processed and/or summarized.
Absence of data warehouse in an organisation displays the reality that decision making may not be at its best and that the quality of decisions can be improved, no matter how good they maybe without a data warehouse.
Yes According to the Mid Point Method The degree to which customers are receptive to price changes is gauged by their price elasticity of demand.
<u>WORKING OF MID POINT METHOD</u>
Demand is considered to be elastic if consumer behaviour changes significantly in reaction to a minor change in price, as opposed to inelastic if customers alter their purchasing behaviour very little in response to a large change in price.
- The percentage change in quantity subtracted from the percentage change in price represents the price elasticity of demand. The following formula may be used to calculate the percentage change in the number of oranges requested in this area using the midpoint method:
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Answer:
1. Department A (manufactures parts in a highly automated process): Machine hours
2. Department B (assembles the parts by hand): Direct labor hours
3. Department C (places completed units in a heat chamber to sterilize the before they are shipped out): Batches
Explanation:
Machine hours is used to measure factory overhead as against the goods produced. This method is usually applied in production environment using machine, and where the most activities are done by machines. On the other hand direct labor is used when the production of goods and services is done by human hands, and not machines. While Machine hours is the appropriate overhead allocation rate for Department A, Direct Labor hours will be appropriate for Department B. Hence Batches will be appropriate for Department C.
<span>Fast food locations would most likely have good success with deploying Redbox booths at their locations. Consumers are always looking for a more convenient location to return or pick up their movies as well as feed themselves.</span>
