True, intermediaries add costs to products, but they also add such as convenience and assortment.
<h3>What are financial intermediaries ?</h3>
In every financial transaction, financial intermediaries operate as a middleman between two parties. A good illustration would be a bank, which performs a variety of functions, including acting as a go-between for lenders and borrowers and gathering cash for investments.
Banks and other financial intermediaries make it possible for capital to pass hands in a particular transaction. Typically, both the customer and the business pay a price for this. Physical storage and shipment require a lot of resources and time, adding to the transaction's expenses.
Hence, True is an appropriate response.
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Answer:
EOQ = √ 2DCo/H
D = Annual demand
Co = Ordering cost per order
H = Holding cost per item per annum
TEGDIWS
D = 11,000 units
C0 = $110
H = 10% x $15 = $1.5
EOQ = √2 x 11,000 x $110
$1.5
EOQ = 1,270 units
WIDGET
D = 8,000 units
Co = $10
H = 20% x $8 = $1.6
EOQ =√ 2 x 8,000 x $10
$1.6
EOQ = 316 units
Explanation:
EOQ is equal to the square root of 2 multiplied by annual demand and ordering cost divided by holding cost.
An example of one type of dispute of unions with management could be the issue of contracting out and ensuring it doesn't take away any work from bargaining unit members. This can be resolved by direct negotiations between the two sides so that both lay out their concerns on the table and then try to accommodate each other and address each others reasons for their concerns and try to find a middle ground. Perhaps if it couldn't be resolved it could go to binding arbitration from a mediator agreeable to both parties. Another example could be the question of grievances which could perhaps be dealt with by a committee of both union and management to review the reasons for a grievance by the union and its validity and try to come to an amicable solution.