1. [Sales Growth Rates‚ Sales‚ and Profits] Petal Providers Corporation opens and operates “mega” floral stores in the U.S. The idea behind the super store concept is to model the U.S. floral industry after its European counterparts whose flower markets generally have larger selections at lower prices. Revenues were $1 million with net profit of $50‚000 last year when the first “mega” Petal Providers floral outlet was opened. If the economy grows rapidly next year‚ Petal Providers expects its
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during one normal lead time is known as (A) Re-order Level (B) Danger Level (C) Safety Stock iv. If orders are placed once a month to meet an annual demand of 6000 units‚ then the average inventory would be a. 200 b. 250 c. 300 d. 500 v. Production cost per unit can be reduced by (a). producing more with increased inputs. (b). producing more with same inputs. (c). eliminating idle time. (d). minimizing resource waste. 4. State
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CP-206: PRODUCTION AND OPERATIONS MANAGEMENT Production & Operations Management: Production is the process by which raw materials and other inputs are converted into finished products. The essential feature of production is to bring together people‚ machines and materials to provide goods and services and thereby to satisfy the wants of people. Since both manufacturing and service organizations involve the above-mentioned features‚ the term production management is gradually replaced by the
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SAMPLE ANSWER FOR QUESTION 5 Profit-making is one of the most traditional‚ basic and major objectives of a firm. Profit-motive is the driving-force behind all business activities of a company. It is the primary measure of success or failure of a firm in the market. Profit earning capacity indicates the position‚ performance and status of a firm in the market. In spite of several changes and development of several alternative objectives‚ profit maximization has remained as one of the single most important
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How much does the average funeral cost? Funeral costs can be just as individual as the person they are held to celebrate. That being said‚ where does the average price for a funeral fall? A basic funeral that consists of embalming‚ viewing‚ hearse‚ burial‚ service fee‚ transfer of remains and more - costs on average about $7‚181. Funerals are a major expense. Know what to expect. Death is never convenient. You are never ready to lose a loved one. It’s one of those difficult things in life you simply
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continue to grow if the capacity and facilities at UK airports is growing too. The current debate over capacity of UK airports has been going on for several periods‚ predominantly in the South-East of the country. The numbers of passengers are increasing significantly every year‚ and this growth will continue regardless of whether the capacity of the airport is sufficient or not. There are many considerations that can be taken into account as potential solutions for this capacity constraints problem
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“APPLE “ Daily? Since Apple Inc. produce iphone‚ it seems that iphone change our defination of smart phone. Iphone create a culture seems that people cannot live without it anymore‚ people use it anytime and anywhere. Iphone has been in the name of smartphones. It can be treat as a new cultural artefact and the latest medium of modern culture‚ it changes our way of communication‚ social connection‚ and having an iphone seems to be a lifestyle. The new forms of communication IPhone is a mobile
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The MetroWest Daily News is an American day by day daily paper distributed in Framingham‚ Massachusetts‚ serving the MetroWest district of rural Boston. It is the lead daily paper of Community Newspaper Company‚ a division of GateHouse Media. The daily paper covers a few urban communities and towns in Norfolk and Worcester regions‚ however until 1998 it was named for Middlesex County or for the town of Framingham (through the vast majority of the mid-twentieth century‚ as the Framingham News).
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Question No. 1 P: 219 Explain the difference between short run and long run production function; cite one example of this difference in a business situation. The short run production function shows the maximum quantity of a good or service that can be produced by a set of inputs‚ assuming the amount of at least one of the inputs used remains unchanged. While a long run production function shows the maximum quantity of a good or service that can be produced by a set of inputs‚ assuming the
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Determine two to three (2-3) methods of using stocks and options to create a risk-free hedge portfolio I found the research of this question to be extremely interesting. The simplest form of purchasing securities in order to reduce portfolio risk is hedging. These securities are intended to have negative correlation to the remainder of our portfolio so that it can help offset any other potential losses in our portfolio. We can hedge by buying a put option. We can buy stock with one put option with
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