Answer: predatory pricing.
Explanation:
John's Mattresses is now selling its products in Spain. It has priced its line of mattresses very low in the hopes that it will drive away weaker competitors. This is an example of predatory pricing.
Predatory pricing is when a company intentionally reduces its price in order to reduce competition. It should be noted that this can lead to monopoly and it violated the antitrust law.
The person who receives financial protection from a life insurance plan is called a Beneficiary. I think
Answer: The following is true about production and logistics in international businesses: <u><em>In an international firm, production and logistics are closely linked.</em></u>
Production and logistics play a vital role in a organization especially if it acts on international grounds. Production is determined by the forces of demand and supply whereas the logistics is the elaborated structure and implementation of a analyzable business activity. It is the administration of how things are directed between origin and consumption in order for the organization to meet demand of customers.
Answer:
Economic Order Quantity is the inventory management technique which minimizes the cost to the company. At EOQ point the holding and ordering cost are the minimum.
Reorder point is the inventory level which is used as indicator for reordering inventory.
Explanation:
Carrying cost is 0.4 per roll
Annual demand is 360 days * 15 rolls per day = 5400
Ordering cost is $1 per order.
EOQ = 164
Short per cycle = 0.016 * Standard Deviation * Lead time
Short per cycle = 0.09051 * 5400 / 164 = 29.8 per year
Annual service level = 1 - (0.9051 / 164) = 0.9945
