Grand Styles Furniture Store is overstocked in (has excess inventory of) one type of chair. Based on the Price-Demand Relationship, what advice would you provide to the store manager to deal with this problem? Please use no more than 2 bullet points
Q: The BeeGees' sells guitars for P6,999 each. The store consistently sells 450 guitars every year. The…
A:
Q: MGMT Bakehouse Inc supplies bread, cakes and other specialty products, to a large percentage of the…
A: given, There have been complaints that some product lines and/or customers are experiencing high…
Q: ABC's beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6…
A: Given data is Beginning inventory = $2000 Ending inventory = $1000 Inventory turnover = 6 times
Q: Which of the following could a retailer of flat screen televisions offer as supplementary services?…
A: Retailer or retailing business in the last source in a supply chain which is responsible for making…
Q: How do you know where Zone A, Zone B, and Zone C start after completing your ABC purchasing curve?
A: Inventory management is the management in which raw materials, as well as finished products, are…
Q: Dr Pepper bottles soft drinks that it distributes to retail outlets from ten warehouses in USA. A…
A: A distance matrix is a table that shows the distance between sets of items. Distance networks are at…
Q: You have been made the purchasing manager of a local bakery that specialises in artisanal bread,…
A: The strategic approach to managing people in a company or organization effectively and efficiently…
Q: Refer to the slides on buy-back contracts to answer this question. A publisher sells books to…
A: Purchase price of books bought by Borders = $ 12 The normal sales price of the books to Border’s…
Q: A local distributor for Hankook tires Company expects to sell 12,600 R14 radial tires nest year. The…
A: From the given information EOQ = 2DSH=2×12600×70126=118.32≃118
Q: The Make or Buy dilemma of Tesco’s Ltd. manufacturing company Tesco’s Ltd. is a manufacturing…
A: Competition has become the new face of business function and survival. Today, all the efforts and…
Q: The following graph shows the demand curve for uff, a useful commodity produced on the planet…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Unioil produces vegetable based cooking oil and butter spreads. Unioil uses large quantities of…
A: Analyst Prediction: 25,000 metric tons are required in September 2021 Current spot price = RM 2200…
Q: In break-even analysis, which of the following is not an assumption over the relevant range 1. Unit…
A: One of the assumptions of break-even is that there is a constant rate of increase in variable cost.
Q: 34. The company currently calculates its Days Receivables at 32 days, its Days Payables at 41 days…
A: Formula to be used; Cash conversion cycle (CCC) = Days Receivables + Days Inventory - Days Payables…
Q: ) What is the bullwhip measure for the retailer? The bullwhip measure for the retailer is ______.…
A: NOTE: We are allowed to do first three sub-parts of a question only. Bullwhip effects starts from…
Q: If the demand probabilities are 0.2, 0.5, and 0.3, which decision alternative will minimize the…
A:
Q: Redstone Clayworks, Inc. is located in Sedona, Arizona and manufactures clay fire pits for patios.…
A: 1. Profit Margin per unit is maximum at 300 units of production ($230 per unit). Hence, to maximize…
Q: Neverland Company, a retailer, plans to sell 15,000 units of Product X during the month of August.…
A:
Q: An entrepreneurial resident of the Oklahoma City metropolitan area is interested in securing a new…
A: Let (X,Y) be the coordinates for the location of the franchise outlet. Using Pythagoras theorem, we…
Q: ABC Co makes and sells stuffed animals. One product , Bucky bears sells $28 per bear. Bucky Bears…
A: given fixed cost = $100000 variable cost = $12
Q: Special Order; Strategy; International Williams Company, located in southern Wisconsin,manufactures…
A: 1. Determine how many additional direct labor hours (DLHs) will be required each month to fill the…
Q: Gabby manufactures t-shirts and sells them for for $29.99. sales aren't as high as she would like,…
A: Price cutting is a marketing strategy which means the company lowers the price of the cut. This is…
Q: Tech Company is a medium-sized consumer electronics retailer. The company reported $155,000,000 in…
A:
Q: Hair Zone manufactures a brand of hair-styling gel. It is considering adding a modified version of…
A: The variable cost refers to the cost which is not fixed for a manufacturer. The variable cost…
Q: Entertainment connectivity and leisure are examples of core customer value. Select one: a. True. b.…
A: Kotler had proposed three product levels that will help in understanding any product much better.…
Q: social networking platforms and tools
A: Technology and social networking are trending in business these days. They play play an important…
Q: Samsung implements a Continuous Inventory System for an electronic component. The inventory manager…
A:
Q: Suppose the utility function for goods x and y is given by U(x,y) = xy + y 4.1. Calculate the…
A: A utility perform could be an illustration to outline individual preferences for merchandise or…
Q: A rental car firm’s executive is considering two different price structures: price per day versus…
A: A price strategy can be defined as the company makes the strategy by taking the ability to spend,…
Q: The Research and Development Division of the Progressive Company has been developing four possible…
A: The innovative work division of the reformist organization has been creating four potential new…
Q: H&M company faced poor capacity planning and poor inventory management, discuss and explain three…
A: Capacity planning is the is the process of deciding the creation limit required by an association to…
Q: ABC Corporation has determined that his cologne is selling at 300 per bottle with a fixed cost of…
A: A breakeven point(BEP) is a quantity of product or total value of an item which facilitate no profit…
Q: onsider buying one kilogramme of a regular pack from the mega mart near your house. Draw the supply…
A: Following is the supply chain movement:
Q: Neverland Company, a retailer, plans to sell 15,000 units of Product X during the month of August.…
A:
Q: When TBSL (This Bar Saves Lives) bars were first introduced into Target stores, they were:
A: When TBSL also known as This Bar Saves Lives bars were first introduced into Target stores, they…
Q: Some companies import and export flowers worldwide. It is one of the very competitive businesses in…
A: Fresh Phool Co. is a flower company, arranged in Pakistan. The company enjoys fare of flowers. The…
Q: In QuickBooks Online, the Products and Services list contains the items that will appear on your…
A: QuickBooks is the most well known small business accounting software businesses use to manage…
Q: Morton Corporation manufactures computers and wants to select a supplier to purchase chips for its…
A: a The decision tree is shown below
Q: Analysis Electrical vehicles external forces in the Battery Electric Vehicle (BEV) industry from…
A: Tesla is an international company owned by Elon Musk. It produces electric vehicles. Tesla produces…
Q: If a store decides to sell their products online (in addition to the traditional in-store), how…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: M K gift store buys items for ₹65. At an original retail price of ₹89, it expects to sell 1,000…
A: Gross profit is the remaining revenue after the cost is fulfilled. It is calculated as selling price…
Q: Priceline.com is an online travel agency for finding discount rates for travel-related purchases…
A: Any company in the current days are mostly relying on technology and social networking for its…
Q: A chef must decide how many chocolate lava cakes to prepare for the upcoming Mother's Day Dinner…
A: Given data, Let's assume P and D be the number of cakes prepared and demanded respectively. D >…
Q: Adjustable-Rate Mortgages is sometimes referred to as: a. a variable-rate mortgage and floating rate…
A: An adjustable rate mortgage is a loan which bases its interest rate on an index. The index is…
Q: Consider the supply chain illustrated below: Last year, the retailer’s weekly variance of demand…
A: "Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Manufacturer Distributor Wholesaler Retailer Last year the retailer's weekly variance of demand was…
A: Given, Demand - 210 units Variance order- 470,610,770,1300 units.
Q: Anxloge supplies firms with apparel containing their logo to be used for promotional purposes.…
A: Given, IBM HP Dell Mean 7000 6000 5000 Standard Deviation 3000 1000…
Q: Which goods and services are included in basket of goods and services to calculate CPI? Why are…
A: The Consumer Price Index, or CPI, is a measure of retail inflation in the economy that collects…
Q: aren Weber, the purchasing agent for Smith Manufacturing, views the purchase of widgets as a routine…
A: Karen Weber might decide to change her decision of purchasing widgets if Negative business impact –…
Step by step
Solved in 2 steps
- Boreki Enterprises has the following 10 items ininventory. Theodore Boreki asks you, a recent OM graduate, todivide these items into ABC classifications.ITEM ANNUAL DEMAND COST/UNITA2 3,000 $ 50B8 4,000 12C7 1,500 45D1 6,000 10E9 1,000 20F3 500 500G2 300 1,500H2 600 20I5 1,750 10J8 2,500 5a) Develop an ABC classification system for the 10 items.b) How can Boreki use this information?c) Boreki reviews the classification and then places item A2 intothe A category. Why might he do so?Sam is at the post office to mail a package. After he pays for mailing the package, the clerk asks if he would like to buy some stamps. Sam pauses to think before he answers. He doesnt have a credit card with him. After paying for the package, he has about $30 in his pocket. Analyze this from an inventory standpoint. Identify the relevant considerations..How are service level and inventory level dependent on each other? How would factors like lead time and lot size impact different types of inventory?
- A computer company's yearly inventory cost is 39 percent (which accounts for the cost of capital for financing the inventory, warehouse space, and the cost of obsolescence). Last year, the company had $375 million in inventory and cost of goods sold of $29 billion.What is the company's total inventory cost for the year (in million $s)? Note: Round your answer to the nearest integer.Use the information below for the following questions: Knights Corporation also needs to determine the proper reorder point and safety stock level. Annual Demand = 15000 gallons Lead Time = 15 days Standard deviation of lead time = 3 days Standard deviation of demand = 10 gallons Service Level = 96% (Z score of 1.75 or 1.76) Open days per year = 360 days 1. What is the reorder point? (keep two decimal places through your work, round your final answer up to the next highest whole number) 2.What is the safety stock? (keep two decimal places through your work, round your final answer up to the next highest whole number) 3. If the service level increased to 99% (Z score of 2.32 or 2.33), what would be the new safety stock? (keep two decimal places through your work, round your final answer up to the next highest whole number)You are given the demand and inventory related information about a grocery store’s product in the table. The store is open for 49 weeks in a year. What is the reorder point if it wants to achieve a service level of 87%?
- Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue $16,100 Cost of sales $12,450 Inventory $1,100 Total assets $8,460 Part 2 a) What is its weeks of supply? enter your response here weeks (round your response to two decimal places). Part 3 b) What percentage of Arrow's assets are committed to inventory? enter your response here% (enter your response as a percentage rounded to two decimal places). Part 4 c) What is Arrow's inventory turnover? enter your response here times per year (round your response to two decimal places). Part 5 d) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is ▼ worse the same better .Sam is at the post office to mail a package. After he pays for mailing the package, the clerk asksif he would like to buy some stamps. Sam pauses to think before he answers. He doesn’t have acredit card with him. After paying for the package, he has about $30 in his pocket. Analyze thisfrom an inventory standpoint. Identify the relevant considerations.Discuss with examples the two methods of inventory control. Which method do you think is better for a retail store with several items of small value?
- No written by hand solution The questions below refer to the following SAME paragraph: Suppose a retailer Mojo, holds safety stock for an item to accommodate a 98% service level with uncertain demand. There are two supply options: Supplier X taking 5 days to deliver replenishments, and Supplier Y taking 3 days to replenish. Both suppliers charge the same price for the item. Ignoring differences in fixed order costs, the retailer should choose: Group of answer choices Supplier X Option Y only if the critical ratio is less than 0.9 Option X only if the critical ratio is greater than 0.9 Supplier YCafe Celo uses 250 kg of sirloin steak for its meals, every month with an ordering cost of BD 15 and carrying cost of Bd 3, The manager insists on ordering 500 kg every order month. If this is the case, what is the price difference on the Total Cost if the shop will use the optimum quantity? a. BD 320.40 b. BD 319.50 c. BD 289.50 d. BD 322.80 e. None of the Above CLEAR MY CHOICE1) Grand Styles Furniture Store is overstocked in (has excess inventory of) one type of chair. Based on the Price-Demand Relationship, what advice would you provide to the store manager to deal with this problem? Please use no more than 2 bullet points for your answer. 2) Fancy Fashions sells jeans for $59 and sweaters for $39, To increase sales of jeans and sweaters, Fancy Fashions promotes this Product Price Bundle: "Buy a pair of jeans and a sweater for $98'. Will this Product Price Bundle will work well to increase the sales of jeans and sweaters? Explain your answer In no more than 2 bullet points. 3) What Is the man (most Important) way that Cost-Based Pricing is different from Customer Value-Based Pricing? Please use no more than 2 bullet points for your answer. 4) Would the cost of coffee beans purchased by McDonald's be a Fixed Cost or a Variable Cost? Please use no more than 2 bullet points for your answer.