It makes production more efficient
The existence of inventory distinguishes a merchandising firm from a service-based one as their main distinction. Unlike service-based firms, which do not sell things to customers, retail enterprises do. This distinction must be reflected in the financial statements of the companies, including the income statements.
A company that buys products and then exchanges them, typically at a higher cost than they were bought, is known as a merchant.
A service enterprise is an organization that uses volunteers and their skills to further its social mission in a broad sense. It doesn't just recruit volunteers; it works with a volunteerism culture.
A company that buys products and then exchanges them, typically at a higher cost than they were bought, is known as a merchant.
A service enterprise is an organization that uses volunteers and their skills to further its social mission in a broad sense. It doesn't just recruit volunteers; it works with a volunteerism culture.
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Answer:
Padding estimates.
Explanation:
Padding the budget means making the budget proposal larger than the actual estimates for the project. This is done either by increasing a project's expenses or decreasing its expected revenue.
Answer:
Profit Function = (300 x king size bed) + (150 x queen size bed)
Explanation:
Objective Function is the function which needs to be optimised , i.e maximised or minimised. The function shows the objective variable as a dependent variable, determined by independent / explanatory variable(s).
Given Case : The manager would tend to maximise profit function.
Total Profit = Per unit profit x quantity
So, Profit Function: by per unit profit & sale quantities :
= (300 x king size bed) + (150 x queen size bed)
This profit objective function would be maximised, to find the profit maximising sale quantities of king & queen size beds.
Space, Budget would be the constraints to this optimisation.
The Republican Party, commonly referred to as the GOP (abbreviation for Grand Old Party), is one of the two major contemporary political parties in the United States, the other being its historic rival the Democratic Party.
