Answer:
The third step in the HRP process is forecasting the employment demand. HR creates a gap analysis that lays out specific needs to narrow the supply of the company's labor versus future demand.
<span>The answer is c. $112,000. The quickest way to arrive at this answer is to notice that 12,000 is a 20% increase over 10,000. Fixed costs remain the same, so the flexible budge for 12,000 units is (96,000 - 16,000)*.2 +96,000 = 112,000.
A better way, or at least more generalizable, way to approach the problem is to calculate and sum the per unit cost for each variable factor, multiply that by the number of units, and then add the fixed costs. So:
[(material/unit + labor/unit + variable overhead/unit) x units] + fixed overhead = cost</span>
The analytics models and data that could be used to make good recommendations to the retailer as well as the shelf space is given below.
<h3>The The analytics models and data analysis?</h3>
Step 1: To determine the typical number of units of a product sold each week after removing seasonality and random fluctuation.
Info on:
- Time series information
- The quantity of a product sold
- The application of exponential smoothing
Step 2: Make the best use of the limited shelf space for each product in the store:
The use of: Information about the product's price, surface area per unit, total amount of shelf space in the store, name, and profit per unit sold. Data analysis using optimization models
Step 3: Determine complementary goods to bundle in order to boost sales of both goods. Information on: Products offered, products previously acquired, and the application of K means clustering.
The company need to have a large shelf space so that they can be able to maximize their sales or their profit.
Therefore, The placement of a product in a store can have a significant impact on how well it sells. The success of its retail operation heavily depends on how much room is allotted to different product categories and products. Given the significance of shelf space locations, it is crucial from a retailer's perspective to make sure that retail space is maximizing value for the shop.
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Answer:
The inventory turnover for the period is 5
Explanation:
Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.
The formula for computing the inventory turnover is as:
Inventory turnover = Cost of goods sold / Average inventory
where
Cost of goods sold (COGS) = $9,070,000
Average inventory = $1,814,000
Putting the values above:
Inventory turnover = $9,070,000 / $1,814,000
Inventory turnover = 5
People often visits tourist attraction sites. That there has been an increase in ecotourism, which is tourism to exotic, often threatened natural environments refers to <u>ecological </u>factors.
<h3>What influences tourism?</h3>
Ecotourism is known to be a new trend in the tourism industry. A factor analysis was done and five environmental factors were known to have a negative impact on tourists experience. They include;
- Pollution
- Tourism product offering
- Park violation,
- Environmental management
- Tourism impacts.
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