A paint company in Dallas consumes 3000 pounds of a chemical each month. Mr. X, the new manager of the company who recently completed a MBA. degree, learned that the chemical was replenished using an EOQ of 2,000 pounds. The EOQ value was computed assuming an interest rate of 36 percent per year. The current cost of the chemical to the company is $4 per pound. What is the ordering cost in determining the EOQ value?

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.