Best Brands Appliance Mart is getting ready for its annual Labor Day sale. There are two Best Brands stores, one in midtown Manhattan and another in Amityville. Merchandise is stored in two warehouses, one in Brooklyn and one in Baldwin. From experience in past years, the owners know the big mover during the sale is tablets. The Manhattan store needs 500, while the Amityville store will require 400. Each warehouse has 600 tablets in stock. It costs $1 and $2 to ship a tablet from Brooklyn to Manhattan and to Amityville, and $2 and $4 to ship one from Baldwin to Manhattan and Amityville. What is the best shipping strategy for getting the tablets from the warehouses into the stores to minimize the shipping cost?
Answers
Answer:
Explanation:
From the given information:
Assuming we represent x to be the tablets sent from Brooklyn to Manhattan
Thus, (500 - x) to be the tablets sent from Baldwin to Manhattan
Also, suppose we represent y to be the tablets sent from Brooklyn to Amityville
It implies that (400 - x) to be the tablets sent from Baldwin to Amityville
∴
x ≥ 0 ; y ≥ 0
⇒ 500 - x ≥ 0 & 400 - y ≥ 0
The Shipping cost Z = 1(x) + 2(500-x) + 2(y) + 4(400-y)
Z = x + 1000 - 2x + 2y + 1600 - 4y
Z = x -2y + 2600
To minimize the shipping cost:
Thus, by replacing the coordinate values (x,y) into Z, we have:
Point Coordinates(x,y) Value of Z (shipping cost)
0 (0,0) 0
A (0,400) 1800
B (500,400) 1300
C (500,0) 2100
Hence, the minimum cost is 1300.
x = 500 units and y = 400 units
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Answers
Answer:
The name of the product is Coke and this is a Pestel Analysis.
PESTEL is short for Political, Economic, Social, Technological, Environmental, and Legal. All representing factors that can and will impact the operations of any business.
Explanation:
Coca-Cola is a global company with is in the business of providing refreshments to its customers by the sale of Soda or soft drinks. Because of the nature of the product, the industry in which they play is heavily regulated and they must use the best technology in order to stay relevant, competitive, and dominant in the market.
Political factors
One of the regulators to whom Coca-cola must dance to its tune is the Food and Drugs Administration (FDA) a Federal Agency of the Department of Health and Human Services in the US. All Coca-cola product must meet their requirements as stipulated by law. If the laws enforced by FDA changes it could adversely affect the distribution, taxes, accounting, and all other operations of Coca-Cola.
Economical factors
Some economic factors that may affect a business like Coca-cola are:
Interest rates, exchange rates, recession, Inflation, Taxes, Demand / Supply.
One critical factor in this group which the company must be on the lookout for always is changes in taste and demand. Consumers are making a shift globally towards more healthy alternatives to soda. This is because, as the world becomes more sedentary due to shifts in global economic patterns as induced by the pandemic, risk factors relating to health care on the increase. Hence consumers want to ensure that they cut down on foods and beverages that increase their predisposition to conditions such as obesity, cancer, high blood pressure, etc.
To stay relevant and competitive, the company has to seek out healthy drinks that speak to all the various localities (which are over 200 countries).
Social factors
Examples of social factors that can affect a business are:
e-commerce adaptation, purchasing habits, ease of adoption of technology, changes in customer service expectation, the education level of consumers.
The purchasing habit for Coca-cola is changing in lots of countries. People are becoming more predisposed to buying products online. How will that affect the demand for the company's products? Will it increase as online food orders increase? can the company position itself to take advantage of the trend? If yes, then it is making taking advantage of its changing social environment.
Technological factors
Adoption of best-in-class machinery is one of the strategies that has enabled Coca-Cola to achieve higher quality and quantity of its products. Speed of delivery, processes that are optimized for the lowest costs and highest outputs are now being made possible with advances in technology. Coca-cola is taking advantage of technology especially in regions such as Europe.
Legal factors
Product liability, third-party liability, employer-employee (labor) relations, compliance, and regulatory factors are all within the scope of Coca-Cola's legal universe. Constantly managing this space of its operations will keep it from experiencing avoidable erosion of its bottom line and brand equity.
Environmental factors
Companies no longer compete on the basis of profitability alone. Global companies are the target of onslaughts from those who campaign against the degradation of the environment. One way they do so is to discourage the consumption of the goods of a company whose activities are harming the environment.
So companies all over the world are not competing based on the triple bottom line criteria: People, Planet, Profit.
This answers the questions whether
- Coca-cola is in compliance with international best practices as far as labor law is concerned;
- How does the company handle its effluents and wastes? is it just discharging them into the earth without treatment? or is it creatively converting them into economic products? how responsible is the company socially?
- then of course there is the issue of keeping the books in the black
Cheers
Answers
Answer:
2014 Fixed Assets TO: 11.47
2015 Fixed Assets TO: 13.08
2106 Fixed Assets TO: 10.29
Explanation:
Fixed turnover ratio:
where:
2014 DATA
Profit: 120,119
Beginning 4960
Ending 9380
Average 7170
Inventory TO 16.75299861
2015 data
Profit: 163,500
Beginning 9380
Ending 15,620
FA TO 13.08
2016
Profit: 167,910
Beginning 15,620
Ending 17,000
Inventory TO 10.2949111
Answers
To Develop a Pareto chart using this information the recommendations would you make:
- The Pareto chart makes a difference in us getting it where the need is to center on it.
- The Pareto chart is based on the 80%-20% run of the show. The Pareto chart says that 20% of the arrangements offer assistance to resolve 80% of the issues.
- So Mary Beth Marrs, the chief of the flat complex must center on issues such as the stopping part, the ground, and the pool, to conciliate most of the individuals and reduce the complaints.
Know more :
The correct answer to this open question is the following.
Unfortunately, the question does not attach the check sheet with the needed information.
However, we can say that the Pareto chart helps us understand where the priority is to focus on it. The Pareto chart is based on the 80%-20% rule. The Pareto chart says that 20% of the solutions help resolve 80% of the issues.
So Mary Beth Marrs, the manager of the apartment complex must focus on issues such as the parking lot, the ground, and the pool, to appease most of the people and diminish the complaints.
Answers
Answer:
As a result of the technology change, the price of pollution will be same as price of pollution with pollution permits.
The quantity of pollution with corrective tax will be lower than quantity of pollution with pollution permits.
Explanation:
The pollution permits are issued to reduce pollution by firms. The companies will reduce the pollution and will only be able to emit pollution up to certain limit. The price of pollution with corrective tax will be same as the price of pollution with pollution permits.
Final answer:
The change in technology will effect an increase in the price of pollution due to the increased cost of production factoring in the social cost of pollution, hence shifting the supply curve upward. The quantity of pollution will decrease as firms adopt cheaper technologies for pollution reduction influenced by the corrective tax policy and pollution permits.
Explanation:
The subject of your question is concerned with corrective tax policy and pollution permits in the context of a market economy under the influence of advances in technology. Under the original conditions before the social costs of pollution are taken into account, the equilibrium was met at a pollution price of $15 with a quantity of 440. However, once the external cost of pollution has been factored in, the supply curve shifts upward, creating a new equilibrium at a price of $30 and a quantity of 410, indicating an increase in the cost of pollution and a decrease in its quantity.
These policy instruments (corrective tax and pollution permits) induce companies to invest in technologies that reduce pollution higher costs of pollution as a result of the corrective tax motivate firms to seek cheaper technologies for pollution reduction. Those with less costly ways of lessening pollution will do so to reduce their tax expense, while those who would incur large costs in doing so would opt to pay the tax. The option of pollution permits introduces a marketplace where firms can purchase the right to pollute, the cost of which is again a motivator for firms to reduce pollution. Consequently, the demand for pollution permits among firms will influence their pricing. Firms that can reduce pollution at lower costs will do so the most. With no change in demand for pollution permits or corrective tax policies, the price of pollution will change as a result of the conditions set by these policies, and the quantity will change according to the adoption of more efficient technology.
Learn more about Economics of Pollution here:
#SPJ11
Answers
Answer:
A consumers place of residence has a large impact on their purchase because of how they live in that area and their community.
Explanation:
Example, if you live in New York City, marketers probably will not target you as much to purchase their four wheeler as they would someone who lives in the country.
Answers
Answer:
In simple words, implementation process refers to the stage under which the strategies and plans are converted into actions. This is one of the main stages as the overall result depends highly on this stage.
In this stage, the supervisor should make sure that the workers are giving their fullest for the job, are the resources needed to perform the job available in adequate quantity.
The best way to implement any strategy is to make short goals with short time periods and evaluate each phase if he team is performing up to the mark.