Answer:
11,000 people
Explanation:
fixed costs per store $80,000
variable cost ratio 0.80
average sale per customer $15
average customer sales per week 1.75
customers as portion of population 4%
each customer shops 1.75 x 52 = 91 times per year
contribution margin per visit = $15 - ($15 x 0.8) = $3
contribution margin per client per year = $3 x 91 = $273
in order to make $40,000 in profits, you need at least:
($80,000 + $40,000) / $273 = 439.56 ≈ 440 customers
to determine the city's total population = 440 / 0.04 = 11,000
Answer:
Options A and D are true.
- <u>JIT systems require careful inventory management.</u>
- <u>JIT systems work very well if supplier and manufacturer inventory systems can be integrated into one system.</u>
Explanation:
Doing JIT accurately infers having exact interest gauges and attention to buyers' buying propensities consistently. Any miscomputation could have a significant negative effect on business capacities.
For it to get effective, JIT conveyance needs a profoundly responsive and adaptable production network. The responsiveness level is characterized by how quick the store network can adjust to oblige the 4 essential spaces of adaptability in light of an outside upgrade like a shopper request: item, volume,
Answer:
The correct answer is option A.
Explanation:
Sustainability can be basically defined as the ability to last constantly.
The theory of sustainability tries to describe a type of society and economy that is long lasting and can be lived on a global scale.
Sustainability in business is the proposition that if the companies act responsibly towards the environment and the society, they will be able to outperform their peers. When they focus on the world's problems and see them as marketing opportunities they will be able to perform better than their peers.
Effective management theories can be the basis of a success in a business. ... It is thus the duty of managers to plan, organize, lead and control the various functional areas with the aim of ensuring that the entire organization moves towards the same organization
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