Answer:
Purchasing Agent
Explanation:
Purchasing agents work in the procuring department under the purchasing manager. Their role is to procure supplies, equipment, and services for a company. Purchasing agents ensure the business operations do not stop due to lack of supplies.
Ideally, purchasing agents should be good negotiators. They have to balance cost and quality when purchasing. The objective is to buy the best quality of goods or services for the lowest price and adequate quantities.
Answer:
Annual demand (D) = 1,600 units
Ordering cost per order (Co) = $16
Holding cost per item per annum (H) = $8
EOQ = √2Dco
H
EOQ = √2 x 1,600 x $16
$8
EOQ = 80 units
Explanation:
EOQ is the square root of 2 multiplied by annual demand and ordering cost per order divided by holding cost per item per annum.
Answer:
<em>There is a direct relation of the productivity, economic growth, and future standards of living with the investment in factories, machinery, new technology, and the health, education, and training of people.</em>
Explanation:
- <u><em>Relation with the investment in factories, machinery, new technology </em></u>
If there is larger investment in factories, machinery and new technology (fixed assets investing) then there will be more production which will require more labour. With more production, there will be more consumption thereby. The profits of the enterprises will increase and hence more taxes will be paid to the government, labour income in the economy will rise and hence there will be more consumption thereby. More taxes to the government will imply more public spending by the government.
So, saying all of that <em>productivity, economic growth, and future standards of living </em>will be in a much better place with the increase in fixed assets investing and vice-versa.
2. <u><em>Relation with the investment in health, education, and training of</em></u><em> </em><u><em>people</em></u>
With the increased investment in health, education and training, people would be able to work more and better. Thereby, implying <em>higher incomes and productivity leading to more economic growth and ultimately better future standards of living.</em>
D a basic need for a constant supply of the item.
