1. Describe why planning is so important and list the steps involved in detailed planning.
2. Under what circumstances can merit or ability be used to determine layoffs? (In a unionized workforce)
3. Garden variety flower shop uses 570 clay pots a month. the pots are purchased at $2. 90each. annual carrying costs per pot are estimated to be 10 percent of cost, and ordering costs are $10 per order. the manager has been using an order size of 2000 flower pots.
Find additional annual costs
Optimal order quantity