example of a driver of sales is: Production capacity of the company Skill level of the company’s sales representatives Competitors The time it takes to make the product
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- Please do not give solution in image format thanku TriStar Manufacturing makes three models of fans, identified by the unimaginative names of A, B, and C. The fans are made out of nuts, bolts, wire, blades, and motors. The current inventory levels and parts list for each type of fan is shown in the table below. Profit from Fan A is $35, Fan B profit is $50, and Fan C profit is $60. TriStar Manufacturing wants to know the best product mix to maximize the revenue.The Role of Information Technology in Business Success Source:Information technology is the study, design, development, implementation, support or management of computer-based information systems. Information technology has become very important in the business world. Many businesses use information technology to support their goal of making the business more success ful in terms of performance and productivity. Organisations need to maintain enough stock to meet demand without investing in more than they require. By using information technology in inventory management, a company is able to track the quantity of each i tem. Electronic commerce (e-commerce) through the Internet, electronic mails (e-mails), Websites, and other facilities enables a businessman to be linked with every corner of the world, and thus opens up greater opportunities in the global market. Delays in processing a business transaction may become synonymous to wasting an opportunity. Therefore, a quick and…The Role of Information Technology in Business Success Source:Information technology is the study, design, development, implementation, support or management of computer-based information systems. Information technology has become very important in the business world. Many businesses use information technology to support their goal of making the business more success ful in terms of performance and productivity. Organisations need to maintain enough stock to meet demand without investing in more than they require. By using information technology in inventory management, a company is able to track the quantity of each i tem. Electronic commerce (e-commerce) through the Internet, electronic mails (e-mails), Websites, and other facilities enables a businessman to be linked with every corner of the world, and thus opens up greater opportunities in the global market. Delays in processing a business transaction may become synonymous to wasting an opportunity. Therefore, a quick and…
- The Role of Information Technology in Business Success Source:Information technology is the study, design, development, implementation, support or management of computer-based information systems. Information technology has become very important in the business world. Many businesses use information technology to support their goal of making the business more success ful in terms of performance and productivity. Organisations need to maintain enough stock to meet demand without investing in more than they require. By using information technology in inventory management, a company is able to track the quantity of each i tem. Electronic commerce (e-commerce) through the Internet, electronic mails (e-mails), Websites, and other facilities enables a businessman to be linked with every corner of the world, and thus opens up greater opportunities in the global market. Delays in processing a business transaction may become synonymous to wasting an opportunity. Therefore, a quick and…It costs a company c(x) dollars to produce x units. Thecurve y c (x) is called the firm’s marginal cost curve.(Why?) The firm’s average cost curve is given by z c(xx).Let x* be the production level that minimizes the company’saverage cost. Give conditions under which the marginal costcurve intersects the average cost curve at x*.A mathematical expression that describes a breakeven point of a company is a.Sales Revenue = Variable expenses - Fixed expenses b.Sales Revenue < Variable expenses + Fixed expenses c.Sales Revenue = Variable expenses + Fixed expenses d.Sales Revenue > Variable expenses - Fixed expenses
- A manufacturer has a monthly fixed cost of $44,000 and a production cost of $9 for each unit produced. The product sells for $13/unit. (a) What is the cost function? C(x) = (b) What is the revenue function? R(x) = (c) What is the profit function? P(x) = (d) Compute the profit (loss) corresponding to production levels of 9,000 and 13,000 units. P(9,000) = P(13,000) =The Role of Information Technology in Business Success Source:Information technology is the study, design, development, implementation, support or management of computer-based information systems. Information technology has become very important in the business world. Many businesses use information technology to support their goal of making the business more success ful in terms of performance and productivity. Organisations need to maintain enough stock to meet demand without investing in more than they require. By using information technology in inventory management, a company is able to track the quantity of each item. Electronic commerce (e-commerce) through the Internet, electronic mails (e-mails), Websites, and other facilities enables a businessman to be linked with every corner of the world, and thus opens up greater opportunities in the global market. Delays in processing a business transaction may become synonymous to wasting an opportunity. Therefore, a quick and…The Role of Information Technology in Business Success Source:Information technology is the study, design, development, implementation, support or management of computer-based information systems. Information technology has become very important in the business world. Many businesses use information technology to support their goal of making the business more success ful in terms of performance and productivity. Organisations need to maintain enough stock to meet demand without investing in more than they require. By using information technology in inventory management, a company is able to track the quantity of each item. Electronic commerce (e-commerce) through the Internet, electronic mails (e-mails), Websites, and other facilities enables a businessman to be linked with every corner of the world, and thus opens up greater opportunities in the global market. Delays in processing a business transaction may become synonymous to wasting an opportunity. Therefore, a quick and…
- Read and analyze the following case:The sales manager complains that his sales reps are not meeting monthly sales quotas. He is convinced that the reps need more sales training to handle the situation and solve the problem. Therefore, he asks you to design a strategy to address this situation. Iincludes the means that will be used and the resources that will be needed to carry out the program.How will the training be evaluated? How will your profitability (return on investment) be evaluated?If a business has $1,000 Cash currently, $300 Revenue each month going forward, and negative $200 Profit each month going forward, how many months will it take for the business to run out of money?I know this is on Bartleby, but the solution is still not leading me to understand it. Can I have a more in-depth explanation? We are thinking of opening a small copy shop. It costs us $5000 to rent a copier for a year. It costs us $0.03 per copy to operate the copier. Other fixed costs of running the store amount to $400 per month. We charge an average of $0.10 per copy. We are open 365 days per year. Each copier can make up to 100,000 copies per year. Formulate a model for annual profit.a. Create a two-way table for 1 to 5 copiers rented and daily demands of 500, 1000, 1500, and 2000 copies per day. That is, compute annual profit for each of these combinations of copiers rented and daily demand.b. If we rent three copiers, what daily demand for copies will allow us to break even?c. Using the data table from part a, chart profit as a function of the number of copiers; for a daily demand of 500 copies, and for a daily demand of 2000 copies. Show both lines on the same chart. Interpret…