The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three models of pointe shoes used by ballerinas to balance on the tips of their toes. The shoes are produced from four materials: cardstock, satin, plain fabric, and leather. The number of square inches of each type of material used in each model of shoe, the amount of material available, and the profit/model are shown below:
Material (measured in square inches) |
Model 1 |
Model 2 |
Model 3 |
Material Available |
---|---|---|---|---|
Cardstock |
12 |
10 |
14 |
1,200 |
Satin |
24 |
20 |
15 |
2,000 |
Plain fabric |
40 |
40 |
30 |
7,500 |
Leather |
11 |
11 |
10 |
1,000 |
Profit per model |
$50 |
$44 |
$40 |
Identify the decision variables, objective function, and constraints in simple verbal statements.
Mathematically formulate a linear optimization model.
Please show Step 2 in Excel
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what is the relation in Costco between Global Ethics and Conscious Capitalism?
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1. Why is sales managers' "incentive addiction" problematic? What are the potential consequences of such an addiction?
2. How may the SPI Methodology help sales managers develop a more balanced approach?
ONLY ANSWER #2 !!
I put #1 in for context.
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1. Discuss what is involved in conducting a sales management audit
2. Explain how sales managers can utilize benchmarking to improve performance
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How does do frog's activities affect its ability to (a) maximize the fit with customer needs, (b) minimize development cycle time, and (c)control development costs?
What are the advantages and disadvantages of involving customers fairly early in the design process?
What are the pros and cons of using computer-aided design/manufacturing (CAD/CAM) and photorealistic renderings instead of functional prototypes in the development process?
Would frog’s approach be more suitable for some kinds of
development projects than others? If so, what kinds would it be
appropriate or inappropriate for?
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our paper should include at least three headings, one for each of the managing areas. For each managing area, o Describe the feasibility analysis used and why this analysis was chosen o Describe the tools used in Excel to perform the analysis
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Describe what is meant by the technical side of a project and the socio cultural side of a project. Do you thinks Sands and Crosby were masters of both sides of the project? why or why not?
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1. A product, in a broad sense, refers to
A. a tangible good received in exchange for a person's time and
effort.
B. intangible activities or benefits that an organization provides
to satisfy consumers' needs in exchange for money or something else
of value.
C. a good that has in some way been altered, combined, or improved
and sold to organizational buyers consumers.
D. is a thought that leads to an action such as a concept for a new
invention.
E. a good, service, or idea consisting of a bundle of tangible and
intangible attributes that satisfies consumers' needs and is
received in exchange for money or something else of value.
2. Goods can be categorized many ways. One way divides them into
_______ goods and________ goods.
A. functional; aesthetic
B. required; desired
C. tactile; conceptual
D. durable; nondurable
E. product; service
6. With respect to price, which of the following type of
consumer product is likely to be relatively more expensive in
comparison to the others?
A. convenience product
B. shopping product
C. discretionary product
D. specialty product
E. unsought product
10. Why is the inventory process of services different from that
of goods?
A. Time is less important to customers of services than customers
of goods.
B. Only service inventory can be reduced through more efficient
movement of products.
C. There are larger costs associated with the handling of service
inventory.
D. Unlike goods providers, the service provider is often
unavailable when there is a demand for the service.
E. Service inventory costs are related to idle production capacity
rather than storage or handling.
18. What is the primary marketing objective for the introduction
stage of the product life cycle?
A. harvesting
B. market share
C. stress differentiation
D. gain awareness
E. maintain brand loyalty
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41. A product is
A. the physical and chemical attributes of something one can buy.
B. whatever the seller says it is.
C. a bundle of physical, service, and symbolic attributes designed to satisfy a customer=s wants and needs.
D. a thing that=s impossible to define, since everyone sees them differently.
38. A firm should attempt to drive down logistics costs as long
as it can deliver expected __________.
A. balance sheet results
B. customer service
C. low levels of expenses
D. product-market synergies
E. target market goals
39. Distinguishing services from goods, all of the following are correct except
A. services are intangible.
B. services are inseparable from service providers.
C. services are easy to standardize.
D. services are perishable.
36. Ford owns several brands including Ford, Mercury, Volvo, Jaguar, and Mazda. If one assumes that these are the only brands Ford owns, all products within these brands constitute Ford’s
a. product line.
b. product cluster.
c. product mix.
d. product concept.
34. When a producer or manufacturer owns/buys an intermediary at
the next level down in the marketing channel, it is referred to as
__________.
A. horizontal integration
B. forward integration
C. parallel integration
D. lateral integration
E. backward integration
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The ABC Company builds a computer model called ICU2. The product structure diagram of the ICU2 model is shown in the figure below. Suppose that the forecasted demands of the computer over weeks 6 to 11 are 220, 165, 180, 120, 75, 300. The starting inventory of assembled computers in week 6 will be 75, and the production managers anticipated returns of 30 in week 8 and 10 in week 10.
ICU2 Computer (end item)
- Disk Drives (2) lead time = 2 weeks
- Mother Board (1) lead time= 3 weeks
-Ad in Boards(3) lead time =1 weeks
-Dram Chips (90) lead time = 2 weeks
(a) Determine the net demand of the computers over the 6 months.
(b) Determine the planned order release for the motherboards assuming a lot-for-lot scheduling rule. Estimate its total ordering and holding. Assume the holding cost is $0.5/unit/month and the ordering cost is $100 per order.
(c) Determine the planned order release for the motherboards assuming a EOQ scheduling rule. Estimate its total ordering and holding using the same parameters in part (b).
(d) Determine the planned order release for the motherboards assuming a Silver-Meal scheduling rule. Estimate its total ordering and holding using the same parameters in part (b).
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Visit the web site of the company cosmoONE-eProcurement which is active in electronic procurement solutions for businesses. Collect information and imprint up to 2 pages: i)the objects of the company ii)how the platform works iii)its key customers
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