Firms that play it safe and do not enter the global market are likely to lose their chances to enter other markets _______

Which of the following is one of the goals of the American Marketing Association? A. To promote the use of a utilitarian approa

Gnoma [55]

Answer:

The correct answer is letter "D": To promote high standards of ethical norms and values.

Explanation:

The American Marketing Association (<em>AMA</em>) is a professional association for marketing experts. The AMA is committed to promoting its members -practitioners, academics, and students- to the highest standard of professional ethical norms and values to be used in the organizational field and society.

7 0

3 years ago

The following costs are some of the costs incurred by Norwood Incorporated to produce and sell 1,000 units of one of their prima

aleksklad [387]

Answer:

$40,500

Explanation:

The computation of the total fixed cost is shown below:

= Factory building rent + Factory maintenance salaries + Factory supervisor’s salary, + depreciation expense + advertising cost

= $8,500 + $7,200 + $15,000 + $6,000 + $3,800

= $40,500

We simply applied the above formula So that the total fixed cost could come and the same is to be considered

4 0

3 years ago

The new office supply discounter, Paper Clips, Etc. (PCE), sells a certain type of ergonomically correct office chair. The annua

mrs_skeptik [129]

Solution :

Given data:

Annual demand, D = 180,000 chairs

Ordering cost, F = $ 150 per order

Annual holding cost per unit, C = $25

Lead time of order, L = 5 days

Standard deviation of order during lead time = 30

a). The optimal order quantity

$=\sqrt{\frac{2FD}{C}}$

$=\sqrt{\frac{2\times 150 \times 180,000 }{25}}$

= 1469.69

= 1470 (rounding off)

b). The Z value of the customer service of 90%,

i.e., the probability of 0.90 as per normal distribution table = 1.29

∴ Safety stock = Z value x standard deviation of order during lead time

= 1.29 x 30

= 38.7

= 39 (rounding off)

c). The reorder point

$= \text{Average demand per day} x \text{Demand lead time (day) + Safety stock}$

$=\frac{\text{annual demand}}{\text{300 days}} \times \text{ Demand Lead time (days) + Safety stock}$

$=\frac{180,000}{300} \times 5 + 39$

= 3039

d). The optimal annual total inventory cost

$\text{= Annual ordering cost + Annual Inventory carrying cost}$

$\text{= Number of orders} \times \text{Ordering cost + Average inventory} \times }$ $\text{Inventory holding cost per unit per year}$

$=\frac{\text{annual demand}}{\text{optimum order quantity}} \times \text{ordering cost+}\frac{\text{optimum ordering cost}}{2}\times C$

$=\frac{180,000}{1470} \times 150 + \frac{1470}{2} \times 25$

= 18367.34 + 18375

= $ 36,742.34

6 0

3 years ago

Need help please <br> Financial statement and ratios quiz

eimsori [14]

Answer:

1734

Explanation:

3 0

3 years ago

Brown & Smith, Inc. engages in the design, development, making, and retail selling of designer jewelry in North America. Bef

Serga [27]

Answer:

rapid prototyping

Explanation:

Rapid prototyping (RP) is a family of manufacturing methods to make engineering prototypes in the minimum possible delivery times, based on a model of the article made in a computer-aided design system (CAD)

Rapid prototyping is an excellent way to check the functionality, dimensions and design characteristics of the designs, without going through the usual long prototyping process that requires specific technical and experienced tools.

3 0

3 years ago

Firms that play it safe and do not enter the global market are likely to lose their chances to enter other markets ________.