...P2 In this task I am going to define the four key channels of the delivery of goods and examples of products that would use each channel. Also I will define for each produce the way this is the most suitable. The creation starts with the creator, who makes or goods a certain item. Once they have made the products they will send it to the wholesaler who buy the items in bulk and package the items separately. Once individually packaged they get transported out to the retailer (shops) who have transported the element in unpackaged (not brought as many as the wholesaler but big enough to get a discount) and sell the products to the customer. On behalf of instance Runnymede CDC (central distribution centre) package and distribute goods to airports such as Stanstead and Gatwick, these properties will include alcohol, tobacco, confectionary items and cosmetic goods. The producer would start with the raw materials to make beer, such as barley and yeast, once he has got the resources and made and bottled the beer. He would then send it to a wholesaler; they would want to get the beer in bulk and would ask for thousands of bottles, due to them marketing them onto other establishments. When the wholesaler has the beer they will individually package the beer (into a 6 pack) and will then distribute the beer to the airports. Once the beer has reached the airport, it will be sold in the duty-free area and will be sold to the passengers boarding planes (also known as regulars). The main...
Words: 505 - Pages: 3
...A B D C Manufacture Consumer A B C D Whole Salers Retailers Manufactures always have to be able to sell their goods to consumers. They acieved this buy sending the products throught different channels of distribution. Channel of Distribution The channels shown in the diagram the main ways that manufactured goods are passed from manfactures to the consumers. Each channels includes the same activites: as well as the act of buying and selling, the product will be promoted at the various stages of disribution, stored for a time, and the transported to the next stage. A manufacturers may sell direct to the customer, as shown in channel A, and omit both wholesaler and retailer. Example; online shopping or farmshops where they grow their own things. An example of channel a would be the internet eg. Topman. Manufacturers sell directly to the retailer to save money on rent, wages and bills. In channel B, the retailer in omitted, the wholesaler receiving the goods from the manufacturer and selling them direct to final customers. An example of channel B would be Costco. Manufacturers sells straight to the wholesalers so the wholesalers can sell household items and sell to a larger variety of people so they can which will bring in more money. Channel C shows the traditional pattern. The manufactures will sell all the products in bulk to the wholesalers, who then will resell them in smaller amounts to retailers; then the retailers then sell single items to the customers...
Words: 337 - Pages: 2
...| 20092446 | Problem Al Kobaisi Group is a ready mix company which has three plants in various locations among Kingdom of Bahrain. They signed a contract with Al-Moayed contracting to supply them with concrete mix for three different projects located at three different areas. The following tables show the amount of concrete mix each plant can provide and required quantities for each project: Al Kobaisi Group Plants | Supply | P1 | 200 m3/day | P2 | 450 m3/day | P3 | 325 m3/day | Project Name | Demand | M1 | 100 m3/day | M2 | 375 m3/day | M3 | 500 m3/day | Al Kobaisi Group will rent the trucks from a transportation company to transfer the concrete mix from the plants to the sites. Sales manager of Al Kobaisi Group wants to know the optimum way of assignment of trucks in which the cost will be minimum. Use the below table in order to help the manager in taking the decision using one of the L.P models. P/M | M1 | M2 | M3 | Supply | P1 | 20 | 5 | 13 | 200 | P2 | 9 | 18 | 7 | 450 | P3 | 11 | 16 | 23 | 325 | Demand | 100 | 375 | 500 | | In order to solve the above mentioned problem we are going to use transportation model. However, before starting the solution a brief description of the model will be illustrated as follow: Transportation Problem Many practical problems in operations research can be broadly formulated as linear programming problems, for which the simplex this is a general...
Words: 1536 - Pages: 7
...HYDRAULICS LAB #1 The objective of this lab is to test the fluid flow provided by the power unit at various discharge pressures, and create a power unit characteristic curve. 1. Build on the trainer the hydraulic circuit shown in the figure below, using the components listed here. hydraulic power unit (2) pressure gauges flow control valve (FCV) – simulated load flow-meter Page 1 of 2 2. Initial setup: a. Fully close (CW) the FCV, and fully open (CCW) the pressure relief valve on the power unit. b. Start the power unit, and slowly adjust the pressure relief valve until pressure gauge P1 reaches 50 bar. Let the unit run for a few minutes then check and adjust P1 if necessary. c. Do not touch the pressure relief valve for the remainder of the lab. d. Fully open the FCV. 3. Test: a. Record the pressures P1, P2 and the flow rate under the “Min.” column in the table below. b. Slowly turn the FCV CW, adding a simulated load to the system. When the pressure at P1 increases to 15 bar, stop and record pressure P2 and the flow rate. c. Repeat for all columns listed in the table. The final column, listed as “Max Pres.” should be run with the FCV fully closed. Note the sound of the power unit during this test. You should detect changes in tone as the load (pressure) is increased. P1 Pressure (bar) P2 (bar) Flow Rate (lpm) Min * 15 20 25 30 35 40 45 46 47 48 49 Max. Pres. * minimum pressure attained, with flow control fully open HYDRAULICS LAB #1 Page 2 of 2 Lab Report: ...
Words: 638 - Pages: 3
...Case Studies 1. SOLUTION TO STARTING RIGHT CASE, CH. 3, PAGE 110 This is a decision-making-under-uncertainty case. There are two events: a favorable market (event 1) and an unfavorable market (event 2). There are four alternatives, which include do nothing (alternative 1), invest in corporate bonds (alternative 2), invest in preferred stock (alternative 3), and invest in common stock (alternative 4). The decision table is presented. Note that for alternative 2, the return in a good market is $30,000 (1 + 0.13)5 = $55,273. The return in a good market is $120,000, (4 x $30,000) for alternative 3, and $240,000, (8 x $30,000) for alternative 4. Payoff table Laplace Event 1 Alternativ e1 Alternativ e2 Alternativ e3 Alternativ e4 0 55,273 Event 2 0 – 10,00 0 – 15,00 0 – 30,00 0 Average Value 0.0 22,636.5 Minimu m 0 – 10,000 – 15,000 – 30,000 Maximu m 0 55,273 Hurwicz Value 0.00 – 2,819.9 7 –150.00 120,00 0 240,00 0 52,500.0 120,000 105,000. 0 240,000 –300.00 Regret table Maximum Alternative Alternative 1 Alternative 2 Alternative 3 Alternative 4 Event 1 240,000 184,727 120,000 0 Event 2 0 10,000 15,000 30,000 Regret 240,000 184,727 120,000 30,000 a. Sue Pansky is a risk avoider and should use the maximin decision approach. She should do nothing and not make an investment in Starting Right. b. Ray Cahn should use a coefficient of realism of 0.11. The best decision is to do nothing. c. Lila Battle should eliminate alternative 1 of doing nothing and apply the maximin...
Words: 4522 - Pages: 19
...Case Studies 1. SOLUTION TO STARTING RIGHT CASE, CH. 3, PAGE 110 This is a decision-making-under-uncertainty case. There are two events: a favorable market (event 1) and an unfavorable market (event 2). There are four alternatives, which include do nothing (alternative 1), invest in corporate bonds (alternative 2), invest in preferred stock (alternative 3), and invest in common stock (alternative 4). The decision table is presented. Note that for alternative 2, the return in a good market is $30,000 (1 + 0.13)5 = $55,273. The return in a good market is $120,000, (4 x $30,000) for alternative 3, and $240,000, (8 x $30,000) for alternative 4. Payoff table Laplace Hurwicz Event 1 Event 2 Average Value Minimu m Maximu m Value Alternativ e1 0 0 0.0 0 0 0.00 Alternativ e2 55,273 – 10,00 0 22,636.5 – 10,000 55,273 – 2,819.9 7 Alternativ e3 120,00 0 – 15,00 0 52,500.0 – 15,000 120,000 –150.00 Alternativ e4 240,00 0 – 30,00 0 105,000. 0 – 30,000 240,000 –300.00 Regret table Maximum Alternative Event 1 Event 2 Regret Alternative 1 240,000 0 240,000 Alternative 2 184,727 10,000 184,727 Alternative 3 120,000 15,000 120,000 Alternative 4 0 30,000 30,000 a. Sue Pansky is a risk avoider and should use the maximin decision approach. She should do nothing and not make an investment in Starting...
Words: 4522 - Pages: 19
...Aim and purpose The aim of this unit is to introduce learners to recruitment and the importance of ensuring that the best people are selected to work in organisations. Learners will study selection and recruitment techniques and will set up, and take part in, a selection interview. Unit introduction Recruiting the right people is the key to the success of many organisations. These organisations ensure that the processes and procedures involved in recruitment and selection meet their needs and are legal. In this unit, learners will develop an understanding of the impact of the regulatory framework on the recruitment process. Potential applicants may decide to apply for a post based on the quality of information that they receive. Details of the post will usually be the first communication they have with the organisation. It is important that the organisation makes a good first impression on potential applicants to ensure that they attract sufficient applicants of the right calibre. Learners will develop their knowledge of the types of documentation used in an interview process. A structured and planned selection procedure is crucial to the success of the selection process. The impression a business makes may determine an applicant’s decision to accept an offer of appointment. Staff conducting the interview will also be forming their impressions of the applicant. It is important that interviewers are well organised and prepared. They will need to be familiar with the...
Words: 1145 - Pages: 5
...Managing financial resources and decisions Part 1 Assignment 1 Task 1 Sources of finance for different businesses Different sources of finance are given for, old, large small etc organizations. Type | Cost | Payback Terms | Sizes | Advantages | Disadvantages | Personal Savings | No cost | None | | Easy, cheap | Risk of Loss | Friends & Family | Usually good rate or none | Very flexible | | Flexible, best value | Can create friction | Home Mortgages - Traditional or Seconds | 7-9%8-14% on equity loans | Very long and flexible | 80-100% + of home equity value | Cheapest, longest term | Your house is at risk in the event of non-payment | Suppliers | Free | 30 days +/- | | Inexpensive, unsecured | Short term | Venture capital | 25-40% | 5-7 years | $500,000+ | Can get large amounts | Very hard to get; share ownership | Leasing companies | 12-18% | 5-7 years | Varies | Same as above; also 100% financing | | Banks | 6-9% | 1-5 years | $50,000+ | Generally least expensive | Generally hardest to qualify for | Task 2: a) Importance of financial planning for Barlett Company Some important factors are given below for the company: - * It helps in managing income more effectively through planning. * Increasing cash flows by carefully monitoring company’s spending patterns and expenditures. * Allowing the company to consider investments to improve its overall financial matters. b) Information needs of the different decision makers In the below table...
Words: 3585 - Pages: 15
...the mean or expected number of customers that will arrive in a five-minute period? The expected number is of 0.4*5 = 2 customer is a five-minute period. b) Assume that the Poisson probability distribution can be used to describe the arrival process. Use the arrival rate in part (a) and compute the probabilities that exactly 0, 1, 2, and 3 customers will arrive during a five-minute period. The probabilities of the described scenarios are as follows: P0=20e-20! P0=0.135335283 P1=21e-21! P1=0.270670566 P2=22e-22! P2=0.270670566 P3=23e-23! P3=0.180447044 c) Delays are expected if more than three customers arrive during any five-minute period. What is the probability that delays will occur? This probability can be expressed as the probability of more than 3 customers arriving during the five-minute period, which can be computed as following: P(x > 3) = 1 – P(x ≤ 3) P (x > 3) = 1 – 0.85712346 P(x > 3) = 0.14287654 Thus, there is a 14, 29% probability of expected delays in five-minute period. Problem 3 Use the single-server drive-up bank teller operation referred to in Problems 1 and 2 to determine the following characteristics for the system: Using arrival rate and service rate PER MINUTE a) The probability that no customers are in the system P0=1- 0.40.6 P0=0.3333 b) The average number of customers waiting Lq=0.420.6(0.6-0.4) Lq=1.3333 c) The average number of customers waiting L = 1.3333 + 0.40.6 L = 2 d) The average...
Words: 1040 - Pages: 5
...|Assignment brief – QCF BTEC | |Assignment front sheet | |Qualification |Unit number and title | |BTEC Level 3 Extended Diploma In Business |Unit 16: Human Resource Management in Business | |Learner name | Assessor name | | | C Graham, F Mooney, J Robinson, E Smith | |Date issued | Hand in deadline |Submitted on | |1 W/E 26/01/2015 |W/E 27/02/15 | | |2 W/E 26/01/2015 |W/E 27/03/15 | | |3 W/E 26/01/2015 |W/E 17/04/15 | | |4 W/E 26/01/2015 |W/E 15/05/15...
Words: 954 - Pages: 4
...1. Improvements in technology for producing all goods must result in (A) an inward shift in the production possibilities curve (B) an outward shift in the production possibilities curve (C) a flatter production possibilities curve (D) a steeper production possibilities curve (E) greater unemployment of labor 2. The quantity of peanuts supplied increased from 40 tons per week to 60 tons per week when the price of peanuts increased from $4 per ton to $5 per ton. The price elasticity of supply for peanuts over this price range is (A) Elastic (B) Inelastic (C) unit elastic (D) perfectly elastic (E) perfectly inelastic 3. Which of the following best describes the law of demand? (A) The price of a good increases when the demand for the good increases. (B) The price of a good decreases when the supply of the good decreases. (C) When the price of a good increases, its demand decreases. (D) When the price of a good decreases, its quantity demanded increases. (E) Demand creates its own supply. 4. Assume that ice cream is a normal good. If the price of ice cream decreases, the substitution effect and the income effect will lead to which of the following changes in ice cream consumption? | Substitution Effect | Income Effect | (A) | Increase | Decrease | (B) | Increase | Increase | (C) | Increase | No change | (D) | Decrease | Increase | (E) | Decrease | No change | 5. Short-run marginal costs...
Words: 4124 - Pages: 17
...QCF BTEC Assignment front sheet Qualification | Unit number and title | BTEC National Subsidiary Diploma in IT | Unit 1 - Communication and Employability Skills for IT | Learner name | Assessor name | | Jenni Coles | Date issued | Hand in deadline | Submitted on | 25 September 2014 | 10 October 2014 | | Assignment title | Part B – Promoting communication and employability skills | In this assessment you will have opportunities to provide evidence against the following criteria: | Criteria reference | To achieve the criteria the evidence must show that the learner is able to: | | Task no. | | Evidence | P2 | Explain the principles of effective communication | | 2 | | Automated presentation | P3M1 | Discuss potential barriers to effective communicationExplain mechanisms that can reduce the impact of communication barriers | | 3 | | Series of posters | Learner declaration | I certify that the work submitted for this assignment is my own. I have clearly referenced any sources used in the work. I understand that false declaration is a form of malpractice.Learner signature: Date: | Assignment brief – QCF BTEC Assignment brief Qualification | BTEC National Subsidiary Diploma in IT | Unit number and title | Unit 1 - Communication and Employability Skills for IT | Assessor name | Jenni Coles | Date issued | 29 September 2014 | Hand in deadline | 10 October 2014...
Words: 1028 - Pages: 5
...Managing New, Remanufactured and Upgraded Products under a Coupon Recycling Environment Xian LI1 , Jihong ZHANG1,† , Xiaosong DING1 , Xiaodong YANG1 1 International Business School Beijing Foreign Studies University Beijing, People’s Republic of China, 100089 † corresponding author: zhangjihong@bfsu.edu.cn Abstract—We consider a two-period production and pricing model under a coupon recycling environment, in which a monopolistic manufacturer is able to produce and sell new, remanufactured and upgraded products simultaneously in the market. To attract consumers to return used products and promote the sale of upgraded products, the manufacturer offers coupons in the recycling process. We focus on the competition between different kinds of products and analyze the manufacturer’s optimal production and pricing strategies as well as the effect of coupons on them. Keywords—remanufacturing; pricing strategy; cost; coupon I. I NTRODUCTION With the advancing high-technology and exacerbation in global economic competition, more and more electronic products possess a very short lifespan prior to becoming outdated. For example, electronic products including mobile phones, MP3-players, digital cameras, tablets and laptops often have a lifespan being no more than one year. In the meanwhile, the shortage in global resources and deterioration of ecological environment makes remanufacturing a popular alternative to the sustainable development of many electronic...
Words: 3070 - Pages: 13
...Micro Chapter 22 Practice Problems #2 Key 1. One feature of pure monopoly is that the demand curve: A) is vertical. B) is horizontal. C) slopes upward. D) slopes downward. Answer: D 2. The demand curve confronting a nondiscriminating pure monopolist is: A) horizontal. B) the same as the industry's demand curve. C) more elastic than the demand curve confronting a competitive firm. D) derived by vertically summing the individual demand curves for the buyers. Answer: B 3. Under pure monopoly, a profit-maximizing firm will produce: A) in the inelastic range of its demand curve. C) only where total costs are zero. B) in the elastic range of its demand curve. D) only where marginal revenue is zero. Answer: B It shows the demand schedule facing Nina, a monopolist selling baskets. [pic] 4. Refer to the above table. What is the change in total revenue if she lowers the price from $20 to $18? A) $10 B) $20 C) $30 D) $40 Answer: C 5. Refer to the above table. What is the change in total revenue if she raises the price from $10 to $12? A) –$300 B) +$300 C) +$120 D) –$120 Answer: D 6. A profit-maximizing firm should shut down in the short run if the average revenue it receives is less than: A) average variable cost. B) average total cost. C) average fixed cost. D) marginal cost. Answer: A 7. A pure monopolist which is maximizing short-run profits will produce: A) on the elastic portion of the demand...
Words: 1447 - Pages: 6
...[pic] Braeside High School BTEC Extended Diploma in Business (Marketing) Unit 37 Understanding Business Ethics Assignment brief 1: Ethical issues Assessor Mr. Zachaues Omwenga Date issued: 06/05/2015 Date of Submission: 29/05/2015 This assignment brief assesses |P1 explain the ethical issues a business needs to consider in its operational activities | |P2 explain the implications for the business and stakeholders of a business operating ethically | |P3 describe the social implications of business ethics facing a selected business in its different areas of activity | |M1 assess how a selected business could improve the ethics of their operations | |D1 evaluate the impact of a selected business’s ethical behavior on stakeholders and the business. | Scenario Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have their origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. You have been asked to research...
Words: 1009 - Pages: 5
