1. Curtis is 60 years old. He plans to retire in a five years. He has amassed a net worth of $1,500,000 whichhe expects will sustain him during retirement. He is divorced with two adult independent children.Which phase of the life cycle is Curtis most likely in?
2. Define and discuss two purposes of carrying these inventories: raw materials. Illustrate with examples how companies can use each of these to their advantage.