Answer:
Explanation:
Given weekly demand = 1200 units
Number of weeks per year = 45
Annual demand (D) = weekly demand × number of weeks per year = 1200 × 45 = 54,000 units
Ordering cost(C) = $55
Holding cost (H) = 25% of purchase price = 25% of $3.20 = 0.25*$3.20 = $0.8
EOQ = √(2DC/H) = √[(2 × 54,000 × 55) / 0.8] = √(5,940,000/0.8) = √7,425,000 = 2,725 units
Answer is D - 2,725 units
Answer:
a small alpha value is used.
Explanation:
The exponential smoothing forecasting technique is used for forecasting a time series when there is no trend or seasonal pattern, but the mean of the time series is slowly changing over time.
The choice of the smoothing constant α (alpha) is important in determining the operating characteristics of exponential smoothing. The smaller the value of α (alpha), the slower the response. Therefore when a small alpha value is used the exponential smoothing forecasting technique slowly responds to changes in the mean level of demand.
When the values of α (alpha) are larger this makes the smoothed value to react quickly – not only to real changes but also random fluctuations.
Answer:
Letter A is correct. <u>Fostering competition.</u>
Explanation:
In this case, it is correct to say that small businesses are fostering competition.
Competition in the business world can be defined as a situation where two or more companies that supply products are rivals in the quest to conquer the same market and the same customers.
Large companies often have some dominance and influence over the market, which means that they impose various barriers to market entry by other competing companies, especially if they are micro-companies. In the case of the above question, when there are a large number of small companies looking to establish themselves in a specific niche in the market, due to possible retaliation by large companies, together, they are exerting an influence on the market that promotes competition.
Answer:
The answer is below
Explanation:
Education is considered the basic requirement for the profession because, through education, people get to learn the basic knowledge required to perform a profession.
For example, a medical doctor or physician profession requires education in core biological science subjects such as microbiology, human anatomy, medical rehabilitation, dentistry, etc.
Education gives the professional the knowledge to anticipate, predict, and carry out the right solution to any problem that needs to be solved under his or her profession.
For example, a civil engineer needs education in architectural and engineering drawing to translates the drawing into reality or an actual project.