Mungo Pet Supplies makes cat trees for several pet store chains. They order fasteners for the trees from a foreign supplier (lead time is 12 days with a lead time standard deviation of 3 days). Daily demand is estimated to 400 fasteners with a standard deviation of 50 fasteners per day. For a 95% service level, what is the reorder point?
a. 7625
b. 2825
c. 4800
d. Cannot be determined from the information given
a. 7625
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Answer the following statements true (T) or false (F)
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What will be an ideal response?
Electricity is an example of a product that is price elastic.
Answer the following statement true (T) or false (F)