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Anettt [7]
3 years ago
13

Problem location and definition is the first step toward finding a solution to a marketing problem or launching a research study

. the first sign of a problem
Business
1 answer:
Lina20 [59]3 years ago
5 0
Problem location and definition is the first step toward finding a solution to a marketing problem or launching a research study. The sign of a problem is usually a departure from some normal functions, for instance, failure to attain objectives.
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Consider a university that purchases replacement chairs for its classrooms. The purchasing manager knows that the annual demand
Ierofanga [76]

Answer:

b. $866

Explanation:

Annual demand from the question = D = $500

the ordering cost = S = $200

then the cost of carrying H = $15

we have to calculate the <em><u>economic order quantity</u></em>

<em><u>=</u></em><em><u> </u></em><em><u>sqr</u></em><em><u>(</u></em><em><u>2</u></em><em><u>*</u></em><em><u>D</u></em><em><u>*</u></em><em><u>S</u></em><em><u>)</u></em><em><u>/</u></em><em><u>H</u></em>

<em><u>=</u></em><em><u> </u></em><em><u>sqr</u></em><em><u>(</u></em><em><u>2</u></em><em><u> </u></em><em><u>x</u></em><em><u> </u></em><em><u>5</u></em><em><u>0</u></em><em><u>0</u></em><em><u> </u></em><em><u>x</u></em><em><u> </u></em><em><u>2</u></em><em><u>0</u></em><em><u>0</u></em><em><u>)</u></em><em><u>/</u></em><em><u>2</u></em><em><u>5</u></em>

<em><u>=</u></em><em><u> </u></em><em><u>sqr</u></em><em><u>(</u></em><em><u>1</u></em><em><u>3</u></em><em><u>3</u></em><em><u>3</u></em><em><u>3</u></em><em><u>.</u></em><em><u>3</u></em><em><u>3</u></em><em><u>3</u></em><em><u>3</u></em><em><u>)</u></em>

<em><u>this</u></em><em><u> </u></em><em><u>equals</u></em><em><u> </u></em><em><u>1</u></em><em><u>1</u></em><em><u>5</u></em><em><u>.</u></em><em><u>4</u></em><em><u>6</u></em><em><u>9</u></em>

<em><u>whi</u></em><em><u>ch</u></em><em><u> </u></em><em><u>is</u></em><em><u> </u></em><em><u>app</u></em><em><u>roximately</u></em><em><u> </u></em><em><u>1</u></em><em><u>1</u></em><em><u>5</u></em><em><u>.</u></em><em><u>5</u></em>

<em><u>next</u></em><em><u> </u></em><em><u>we</u></em><em><u> </u></em><em><u>have</u></em><em><u> </u></em><em><u>to</u></em><em><u> </u></em><em><u>calc</u></em><em><u>ulate</u></em><em><u> </u></em><em><u>inven</u></em><em><u>tory</u></em><em><u> </u></em><em><u>orderi</u></em><em><u>ng</u></em><em><u> </u></em><em><u>cost</u></em>

<em><u>=</u></em><em><u> </u></em><em><u>(</u></em><em><u>D</u></em><em><u> </u></em><em><u>*</u></em><em><u> </u></em><em><u>S</u></em><em><u>)</u></em><em><u>/</u></em><em><u>EOQ</u></em>

<em><u>=</u></em><em><u> </u></em><em><u>2</u></em><em><u>0</u></em><em><u>0</u></em><em><u> </u></em><em><u>*</u></em><em><u>5</u></em><em><u>0</u></em><em><u>0</u></em><em><u>/</u></em><em><u>1</u></em><em><u>1</u></em><em><u>5</u></em><em><u>.</u></em><em><u>5</u></em>

<em><u>=</u></em><em><u> </u></em><em><u>8</u></em><em><u>6</u></em><em><u>5</u></em><em><u>.</u></em><em><u>5</u></em>

<em><u>When</u></em><em><u> </u></em><em><u>approximated</u></em><em><u> </u></em><em><u>becomes</u></em><em><u> </u></em><em><u>$</u></em><em><u>8</u></em><em><u>6</u></em><em><u>6</u></em>

8 0
4 years ago
As a result of conducting a gap analysis, the potential entrepreneur proved there was a need for the business. This is called do
Vera_Pavlovna [14]

Answer:

due diligence

Explanation:

Due diligence refers to an entrepreneur or a business man/woman basically doing their homework, i.e. investigating thoroughly about a business opportunity before deciding to accept a business proposal, enter a new market, or start a new business.

Many times, management is required by law to perform due diligence before entering a new business or signing certain contracts, but it is just common sense that before you start a new business you will try to find out if the business is feasible or not.

7 0
3 years ago
The following data relates to Spurrier Company's estimated amounts for next year. Estimated: Department 1 Department 2 Manufactu
Rashid [163]

Answer:

$3,628  per direct labour hour.

Explanation:

Total manufacturing overhead cost and total direct labour hours

Particulars                                       Dep 1             Dep 2          Total

Manufacturing overhead cost     1,360,000 3,560,000    4,920,000

Direct labour hours                       553,000     803,000     1,356,000

Plant-wide overhead rate = Total manufacturing overhead / Total direct labour rate

Plant-wide overhead rate = $4,920,000 / 1,356,000

Plant-wide overhead rate = $3,628

Therefore, the Plant-wide overhead rate is $3,628  per direct labour hour.

6 0
3 years ago
Short Corporation acquired Hathaway, Inc., for $52,000,000. The fair value of all Hathaway's identifiable tangible and intangibl
Neporo4naja [7]

Answer:

correct option is a $0

Explanation:

given data

Acquisition value = $52,000,000

Fair value assets = $48,000,000

to find out

What is the annual amortization of goodwill for this acquisition

solution

we know that annual amortization of goodwill on a straight line basis over 40 years before 2001

and  FASB also issue statement about that it does not allow automatic amortization of goodwill

so it will be zero here as goodwill is not amortized here

so correct option is correct option is a $0

4 0
3 years ago
Congratulations! You just graduated with a degree in management. As you reflect on your school experience, you make a list of th
suter [353]

Answer: After each semester, you asked your adviser to review your progress to ensure you remained on track for your anticipated graduation

Explanation:

Efficiency has to do with one's ability to achieve a particular goal while avoiding wastage. One who does something efficiently, does that particular thing sufficiently.

The option that relates to efficiency is option D "After each semester, you asked your adviser to review your progress to ensure you remained on track for your anticipated graduation date".

This brings about efficiency as one is on track to achieving a goal.

8 0
3 years ago
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