Answer:
Fragmented Retail system
Explanation:
A fragmented retail system can be defined as a market in which no firm can has or can exert any influence to move the market in a particular direction.
This simply means that a fragmented retail system is one in which no product or firm has a grip or major share in the market. This leaves the market to a lot of small and medium scaled businesses competing with larger companies.
From the question, it can be seen that there a lots of small stores that serves the neighborhood. This means that the small shops cater for the needs of people within its vicinity such that there isn't any need for visiting larger stores.
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Answer: Business can positively influence how society operates. It can build and maintain social capital through its core operations; the goods and services it provides; and the activities supported through increasingly global and complex supply chains.
Explanation:
Common stockholders will not receive any money before the preferred stock holders in the case of the company having to liquidate. So thats a disadvantage. Preferred stockholders tend to get higher dividends paid out to them, which is an advantage.
Answer:
1. T=19.5n+91.75, where n<70
2. T=15n+45, where n≥70
Explanation:
1. The first linear function can be expressed as;
Total cost of catering services=(Cost per person×number of people, n)+Service charge
where;
Total cost of catering services=T
Cost per person=$19.50
Number of people=n
Service charge=$91.75
Replacing;
T=(19.5×n)+91.75
T=19.5n+91.75
The first equation: T=19.5n+91.75, where n<70
2. The second linear function can be expressed as;
Total cost of catering services=(Cost per person×number of people, n)+Service charge
where;
Total cost of catering services=T
Cost per person=$15
Number of people=n
Service charge=$45
Replacing;
T=(15×n)+45
T=15n+45
The second equation: T=15n+45, where n≥70
Answer:
200 units
Explanation:
For computing the number of units produced each time we need to applied the economic order quantity formula which is shown below:
where,
Annual demand is 1,600 units
Ordering cost per order is $25
And, the carrying cost or holding cost per unit per year is $2
Now placing these values to the above formula
So, the economic order quantity is
= 200 units
