Answer:
The optimum production quantity is 72 wheel bearings per batch.
Explanation:
Wheel Rite can produce 480 wheel bearings per day.
Setup cost are $39 per batch.
Holding costs are $0.70 per unit per year.
The optimum batch size can be calculated as the one that minimizes the cost. This can be calculated with the Economic Order Quantity formula:
In this case, the units are:
D: daily demand (52 u.)
S: Setup cost per order ($39)
H: holding cost per unit per year ($0.70)
Then, we have:
The optimum production quantity is 72 per batch.
Answer:
business model is not a factor
Explanation:
Answer:
Letter a is correct. <u>Situational factors.</u>
Explanation:
Situational factors are defined as the set of temporary environmental factors that will influence consumer behavior in the purchasing process.
These may include:
- <u>the physical environment:</u> physical characteristics that influence purchase such as the organization and size of space.
- <u>the social environment:</u> influence of consumption by other people.
- <u>the task:</u> convenience of purchase for some reason.
- <u>the time:</u> time the person has to make a purchase.
- <u> antecedent psychological states:</u> spirit and psychological states that influence people to buy.
Answer:
Option C Tier 2
Explanation:
the reason is that the tier 2 vendors targets firms that are of medium sizes which means the revenue of such organization ranges between $20m to $1 billion. And this falls under the classification of Enterprise resource planning. According to a market research 200,000 US companies have met the condition for medium sized organization.
The above explanation provides reasons why option C is correct.
