Answer:
Logistics
Explanation:
Logistics is the process of managing the movement of merchandise or resources from their point of origin to the intended consumer. Logistics in an organization is the management of mobility and storage activities undertaken by the company. Logistics management will involve the identification of distributors and suppliers of the company's products.
Poor logistics will hurt business performance. If the company's products are not available for consumers to buy, low sales will be realized. An inefficient logistics system will make company products expensive. As a result, the company's goods becomes uncompetitive in the market.
Answer:
Inflation refers to the general rise in price levels of goods and services in an economy.
2014 Inflation;
= 4.7%
2015
= 4.39%
2016
= 3.48%
2017
= 5.39%
Answer:
The correct answer is B. The tennis court and swimming pool are owned in common by all the property owners. It is a Planned Unit Development.
Explanation:
The planned unit developtment is a type of possession where individuals actually own the building or Unit in which they live but there are common areas that are jointly owned with the other members of the development or association. Unlike a Condominium, where individuals actually own the airspace of their unit, but common buildings and areas are jointly owned with others in a development or association.
When doing online research, you have to make sure that you are using credible source that present unbiased information. "Stop Killing the Polar Bears" seems to be an organization that will post biased information to persuade people to stop killing polar bears. Sites like this may post incorrect or incomplete information to make their case sound more appealing, but may not have the factual foundation to make them a credible source for research.
Answer:
(e) $3,873
(f) 200 units
Explanation:
(e)
Annual carrying cost:
= Average Inventory × carrying cost per unit
= 38.73 × 50
= $1,936.5
Annual Ordering cost:
= Optimal number of orders per year × Ordering cost per order
= 64.55 × 30
= $1,936.5
Therefore, the total cost is the sum of annual ordering cost and annual holding cost.
Hence,
Total Cost:
= Annual Ordering Cost + Annual Holding cost
= ($1,936.5 + $1,936.5)
= $3,873
Therefore, the total annual inventory cost is $3,873.
(f) Reorder Point:
= Average Daily Unit Sales × Delivery lead time
= (Annual demand ÷ Working days per year) × Delivery lead time
= (5,000 ÷ 250) × 10
= 200 Units
Therefore, the re-order point in 200 units.
