Tots Toys makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly (Front), a seat and frame unit (Seat/Frame) and rear wheels (Rear Wheel). The company has orders for 12,000 of these tricycles. Current schedules yield the following data. Resource Requirement Cost Cost Component Plastic (lb) Molding Time (minutes) Assembly Time (minutes) Manufacture Cost Purchase Cost Front 3 10 2 8 12 Seat/Frame 4 6 2 6 9 Rear Wheel 0.5 2 0 1 3 -- 50,000 160,000 30,000 The company obviously does not have the resources available to manufacture everything needed for the completion of 12000 tricycles so has gathered purchase information for each component. Develop a linear programming model to tell the company how many of each component should be manufactured and how many should be purchased in order to provide 12000 fully completed tricycles at the minimum cost.

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)