Average inventory in the economic order quantity (EOQ) model is defined as:
a. the order quantity divided by the number of inventory cycles per year.
b. the annual usage divided by the number of inventory cycles per year.
c. one-half of the order quantity.
d. one-half of the annual usage.
C
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Where in the project life cycle are the intensity level of resources and client interest at their highest? Why is this the case?
What will be an ideal response?
Everyone's Way, Inc. ? Nate buys companies that are small or companies in financial trouble. He helps these companies turn around and develop a competitive advantage. The company that he recently purchased is called Everyone's Way, Inc. The company sells men's clothing and accessories. Everyone's Way keeps the sewing machines for clothes manufacturing at a separate production facility so that the store location space can be reserved for display and selling. ? After looking over the different products available, Nate realized that the company's previous owner was not aware of the product life-cycle because the company kept items that were obviously too old and out-of-date. Also, because of the high turnover, employees did not have good knowledge of the different product lines and did
not know the difference between a product line and a product mix. To move the company forward, Nate thought of the following two measures: first, developing a new product to incorporate into the product mix; and second, eliminating the out-of-date products. Refer to Everyone's Way, Inc. Which of the following descriptions should Nate use to best explain the difference between the product line and product mix? A. The product line is a group of similar products that differ only in relatively minor characteristics, whereas product mix is all the products a firm offers for sale. B. The product mix is a group of similar products that differ only in relatively minor characteristics, whereas product line is all the products a firm offers for sale. C. The product line is a group of unrelated products, whereas product mix is all the products a firm offers for sale. D. The product line is a group of similar products, whereas product mix is all products that are different. E. There is no difference between a product line and product mix.
The blending of different communication and delivery channels that are mutually reinforcing in attracting, retaining, and building relationships with consumers who shop and buy in traditional intermediaries and online is referred to as ________.
A. intensive marketing B. indirect marketing C. direct marketing D. electronic marketing E. multichannel marketing
Which of the following cannot be described by a discrete probability distribution?
A. Sales of two medical devices in which Device A generates $35 per unit sold and will likely constitute 30% of the sales and Device B generates $50 per unit sold and will likely constitute 70% of the sales. B. The labor cost for manufacturing goods, where one-third of the units cost $10 in labor, one-third cost $15 in labor, and one-third cost $50 in labor. C. The cost of parts for manufacturing an item, where the parts can take on any value between $80 and $100. D. The number of units produced in a given day, where 20% of the time 99 units are produced and 80% of the time 100 units are produced.