On the average, a firm has a 10-week lead time for work-in-process, and annual cost of goods sold is $15 million. assuming that the company works 50 weeks a year:
a. what is the approximate dollar value of the work-in-process?
b. if the lead time could be reduced to 7 weeks and the annual cost of carrying inven- tory was 20% of the inventory value, what would be the annual saving?

What is product differentiation, and how can it be achieved ? what is product positioning? what conditions would head to head product positioning be appropriate?

Which of the following best explains why large companies have an advantage over smaller companies? a. economies of scale make it possible to offer lower prices. b. the production possibilities frontier is wider for a larger company. c. decreasing marginal utility enables more efficient production. d. increasing the scale of production leads to a reduction in inputs.2b2t

1. gar principles or "the principles"are intended to do what? a. foster an awareness of the hierarchical structure of the organization b. explain the best method of implementing biometric security techniques c. foster an awareness of the importance of good employee training d. foster an awareness of getting upper level management on board in understanding the need to implement an ig program e. foster an awareness of good record keeping principles