Question 1: Per hour‚ Kim can produce 40 pies OR 400 cakes‚ whilst Liam can produce 100 pies OR 200 cakes. a. Calculate Kim’s and Liam’s opportunity costs of producing one pie. Kim’s opportunity cost of producing a pie is 400/40 = 10 cakes per pie. Liam’s opportunity costs of producing a pie is 200/100 = 2 cakes per pie b. If Kim and Liam spend 30 minutes of each hour producing pies and 30 minutes producing cakes‚ how many pies and cakes does each of them produce? Kim produces 20 pies and 200 cookies
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Revision of DTM for chapter 1 & 2 Function of physical distribution management and distribution channels 1) Definition of physical distribution management – Used in manufacturing and commerce to describe the broad range of activities concerned w/ the efficient movement of finished products from end of production line to consumer. * Emphasizes the flow of materials from the point of manufacture industrial user * Implies the control of the flow End consumers Products supply > Warehousing
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DISTRIBUTION MANAGEMENT 1) Distribution: Distribution is one of the four elements of the marketing mix. Distribution is the process of making a product or service available for use or consumption by a consumer or business user‚ using direct means‚ or using indirect means with intermediaries. 2) Distribution management: The management of resources and processes used to deliver a product from a production location to the point-of-sale‚including storage at warehousing locations or delivery to retail distribution points
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Chapter 1 INTRODUCTION Rationale Shipping services played a vital role in the development of modern economies. Nowadays‚ the shipping industry has grown tremendously with the introduction of highly sophisticated sea vessels. In the field of the shipping industry‚ computers are used by companies in order for them to have a quicker way in the issuance of tickets. A ticket gives the passenger the right to board a ship. It indicates that the passenger has paid for or is entitled to a specified service
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Marketing cost analysis Business firms use several tools and techniques for marketing control. The important ones among them are listed above. 1. Marketing audit 2. Market share analysis 3. Marketing cost analysis 4. Credit control 5. Budgetary control 6. Ratio analysis 7. Contribution margin analysis 8. Marketing Information inputs and warning signals 9. MBO management by objectives Marketing cost analysis is another important tool of marketing control. In recent years‚ business firms all
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At this time the lesson‚ we will discuss about the harmonious patterns. The lessons that might be a little bit difficult‚ but once you get to understand it will be able to help you to get a good profit. The overall idea of this pattern is to be able to predict the likelihood of a retracement. We will be using the tools we already discussed earlier‚ namely the Fibonacci retracement and extensions! By combining these tools will greatly help us to be to distinguish the area of the continuation of a
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is ToC? Everyone has heard the saying that the chain is only strong as its weakest link and this is exactly what the theory of constraints actually defines and reflects. Constructed by Dr. Eli Goldratt‚ the theory was published in the book The Goal‚ in 1984. According to this book‚ any organization’s performance is greatly dependent on the constraints. These constraints prevent the enterprise from delivering its optimal performance and thereby failing to reach the designated goals. This is the weakest
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Supply & Demand Analysis 2 Abstract The advertising industry goes through many peaks and valleys depending on the economic stability of the country and the confidence of consumers. The effectiveness of advertising within any given industry solely relies on the demand of the people for certain products. Corporations supply many forms of advertising in order to meet the demands of consumers including print‚ television and billboards. Many factors affect supply and demand of in-theater advertising
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AT&T was started over 130 years ago in 1875. It started out when Alexander Graham Bell began work on the telephone. Initially it just made telephones and licensed to companies to Many changes in the company structure 6‚000 patents 7 Nobel prizes Analysis I. General Environment A. Technology Alexander Graham Bell invented the telephone and earned the patent in 1875. AT & T was incorporated in 1885 with objective of building and operating long distance network. AT & T was the
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1. Formulation of the Problem The Stateline Shipping and Transport Company wanted to transport industrial wastes from the 6 plants to the 3 waste disposable sites. The problem can be represented in as a Transportation table as shown below. Our problem is to find roots to disposable sites‚ such that the cost of transportation is minimized.. White water Los Canos Duras Availability (bbl) Kingsport $12.00 $15.00 $17.00 35 Danville $14.00 $9.00 $10.00 26 Macon $13.00 $20.00 $11.00 42 Selma
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