Answer:
Operations
Explanation:
Operations management refers to the management field which deals with the layout and regulation of the manufacturing process and the reconstruction of business activities in the manufacturing goods or services. This means knowing that business activities are valuable in terms of just using as few capitals as possible and in order to fulfill customer needs efficiently.
It is associated with maintaining a total distribution system which is also the method of transforming inputs (in the terms of raw resources, manpower and power) into outcomes (in the terms of products or services) or supplying a commodity or facilities. Produces processes, controls consistency and establishes business
Guessing it is the world map since there is no map on here,
USA and China for the highest GDP
South Sudan has the lowest GDP
I will assume here (since I don't have more information) that each school needs one English and one Accounting professor, but that more people are ready to teach English than accounting (this assumption might be wrong, but it's what think)
therefore the supply is bigger for the English professors than for the Accounting professors -this means that the accounting professors can ask for bigger salary (the bigger the supply, the smaller the prize)
Answer: the market supply to shift inward, driving the equilibrium price higher.
Explanation:
An increase in input prices will result into a rise in the production costs. This will result in a leftward shift of the supply curve.
Therefore, the market supply will shift inward, driving the equilibrium price higher. This simply means that there will be lesser supply of the product and hence, increase in price.
Answer:
Following is the solution for the given problem.
Explanation:
Best order size, EOQ =√2DS/H
EOQ = √2*4700*60/5
EOQ = 336 units.
D = 4700/300 = 15.66.
σ L= √∑σ²
= √3*(5)² = 8.66.
Reorder point, R = D*L+ z σ L
Reorder point, R = 15.66*3 + 1.282*8.66
Reorder point, R = 58 units.
