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morpeh [17]
3 years ago
9

You have taken a job in industry and are facing your first ordering decision. As you prepare to place the order, you remember yo

ur instructor teaching you that you wouldn't use the EOQ formula if:
Business
1 answer:
skelet666 [1.2K]3 years ago
7 0

Answer:

The formula is not used if consumer demand and ordering and holding costs are not constant.

Explanation:

E.O.Q formula measures the ideal quantity of order a company should purchase in order to minimize its inventory costs, such as holding costs and shortage costs. The formula, however has its limitations, in a way that it assumes that the costumer demand is constant and ordering and holding costs remain constant. This makes formula hard to use in case of seasonal changes of demand, inventory costs or lost sales revenue due to inventory shortages.

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How to become a store owner 100 points
Free_Kalibri [48]

Answer:

Buy a store

Explanation:

If you buy a store, then you become a store owner.

You were probably looking for more detail, but this is the best I can do for now.

7 0
3 years ago
Read 2 more answers
Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate. Assume that
dusya [7]

Answer:

C) 6 pounds of pork and 8 pounds of tomatoes

Explanation:

Explanation:

            Labor hours to make 1 lb. of:          lbs. produced in 24 hours

                 Pork                  Tomatoes              Pork            Tomatoes

Farmer         6                            3                       4                       8

Rancher       4                            4                       6                       6

If both decide to specialize in producing only one good, the farmer will produce 8 pounds of tomatoes per day and the rancher will produce 6 pounds of pork per day.

This way when the rancher trades 4 pounds of pork in exchange for 6 pounds of tomatoes, he is gaining 2 pounds of pork which is equivalent to 8 labor hours.

When the rancher trades 6 pounds of tomatoes in exchange for 4 pounds of pork, he is gaining 2 pounds of tomatoes which is equivalent to 6 labor hours.

3 0
3 years ago
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither
Readme [11.4K]

Answer:

neither

producer surplus

consumer surplus

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

The first scenario is neither a producer or consumer surplus because a transaction did not take place

The second scenario is a producer surplus.

the producer surplus = 60 - 55 = 5

The third scenario is a consumer surplus

consumer surplus = $114 - $107 = $7

6 0
3 years ago
कुनै एक शीर्षकमा १५० शब्दमा नघटाई निबन्ध लेख्नुहोस् :<br>क. मेरो देश नेपाल ​
pantera1 [17]

Answer:

What is Korean write o Japanese write I don't no longer my life now

8 0
3 years ago
Read 2 more answers
When Disney acquired Marvel Comics on August 31, 2009, for $4.24 billion, management needed to determine whether there were oppo
zhannawk [14.2K]

Answer:

retaining cultural independence of the businesses, individual brands and operating differences encouraging knowledge-sharing and collaborative activity among the businesses.

Explanation:

When Disney purchased Marvel they were probably searching for synergy which means that their combined effort is larger than the addition of their individual efforts. Synergy is achieved through sharing resources and allocating them more effectively, not by separating the companies.

6 0
3 years ago
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