1. ?Cranium, Inc., purchases term papers from an overseas supplier under a continuous review system. The average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day. It costs? $60 to process each order and there is a five−day lead−time. The holding cost for a paper is? $0.25 per year and the company policy is to maintain a? 98% service level. Cranium operates 200 days per year.?
What is the reorder point R to satisfy a? 98% cycleminus−service ?level?
A. greater than? 1,700 units
B. greater than? 1,600 units but less than or equal to? 1,700 units
C. greater than? 1,500 units but less than or equal to? 1,600 units
D. less than or equal to? 1,500 units
2. Describe your lifestyle. How does it differ from your parents' lifestyle? Do you anticipate any changes in your lifestyle in the next five years? What will cause these changes? What new products or brands will you consume because of these changes?
Need an answer by 300 words.