Answer:
34
Explanation:
Annual demand D = 4,200 bags
Ordering cost S = $10.70
Holding cost H = $76
Economic order quantity = 
Economic order quantity = 
Economic order quantity = 
Economic order quantity = 
Economic order quantity = 34.389388
Economic order quantity = 34
Answer: Cash flow problem
Explanation: In simple words, cash flow problem refers to a situation when an entity faces difficulty in controlling the outflow in relation to their inflow. This can occur mainly due to two factors- low profit or losses and over investment.
In the given case, the company is facing the problem of over investment as they are not getting any inflow but have to bear the outflow for effectively operating their business.
Hence from the above we can conclude that the correct option is B.
The scenario given above is an example of cultural manners and customs. Cultural manners and customs has to do with the the ways societies do things in foreign countries. Manners and customs typically affect both the management and marketing operation of a company. International companies must understand the manners and customs of the country where they are located in order to succeed.
Answer:
Two vases will be sold.
The value of consumer surplus is $5.
Explanation:
There are three identical vases available to be purchased.
Buyer 1 is willing to pay $30 for one, buyer 2 is willing to pay $25 for one, and buyer 3 is willing to pay $20 for one.
The price is $25.
Buyer 1 and buyer 2 will purchase the vase as they are willing to pay more than the price. Buyer 3 is not willing to pay the price.
So, only two vases will be sold.
The consumer surplus is the difference between the price a consumer is willing to pa and the price he actually pays.
The consumer surplus
= ($30-$25) + ($25-$25)
= $5 + $0
= $5
Answer:
But I am too young to start a new business