BUSN 10 -TEXT
10th Edition
ISBN: 9781337116701
Author: Kelly
Publisher: CENGAGE L
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Chapter 12, Problem 2LO
Summary Introduction
To discuss: The product differentiation and the key elements of product planning.
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The annual requirements for a particular raw material are 2,000 units costing Re. 1 each to the manufacturer. The ordering cost is Rs. 10 per order and the carrying cost 16% per annum of the average inventory value. Find and explain the economic order quantity and the total inventory cost per annum.
1.Do you think evidence-based management seems like common sense?
2.Are there circumstances in which evidence-based management might not be the best approach?
3.Could automated evidence-based management ever replace human decision makers?
4.Would you want to work under Jack Welch’s system at General Electric?
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“Management decisions [should] be based on the best evidence, managers [should] systematically learn from experience, and organizational practices [should] reflect sound principles of thought and analysis.”
Chapter 12 Solutions
BUSN 10 -TEXT
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