Questions:
QUESTION 1
Competitive clustering occurs when an organization groups several outlets near each other
QUESTION 2
A textbook retailer wants to locate a facility which is most convenient to their student customers. Five universities have been identified and located on a grid map as shown on the table below. Enrollment at each university is represented by the value inside each circle on the map. Using a cross-median method, the optimal location for the retailer is on the map ________
QUESTION 3
Which of the following is NOT a typical success factor in a single location, single service business?
QUESTION 4
If a cereal manufacturer were to sell its globally-branded cereals that were developed in its home country, but customize the formula and supply chain for each country in which it operates, the manufacturer's international operations strategy would be best described as __________.
QUESTION 5
The local distributor for Macho Heavy Beer is reconsidering its inventory policy now that only kegs will be sold. The sales forecast for next year is 800 kegs. The cost to store a keg of Macho in a refrigerated warehouse is approximately $4 per year. Placing an order with the factory costs about $6. Recommend an EOQ for Macho Heavy Beer.
QUESTION 6
A textbook retailer wants to locate a facility which is most convenient to their student customers. Five universities have been identified and located on a grid map as shown on the table below. Enrollment at each university is represented by the value inside each circle on the map. Using a cross-median method, the optimal location for the retailer is a ________
QUESTION 7
In a continuous review system with safety stock, the reorder point is the sum of the safety stock level and the economic order quantity
QUESTION 8
A textbook retailer wants to locate a facility which is most convenient to their student customers. Five universities have been identified and located on a grid map as shown on the table below. Enrollment at each university is represented by the value inside each circle on the map. Using a cross-median method, the optimal location for the retailer is a ________
QUESTION 9
A textbook retailer wants to locate a facility which is most convenient to their student customers. Five universities have been identified and located on a grid map as shown on the table below. Enrollment at each university is represented by the value inside each circle on the map. Using a cross-median method, the optimal location for the retailer is on the map ________
QUESTION 10
The AndersonPalmerHospital would like to reduce the cost of its inventory by calculating the optimal order size for hypodermic needles. On average, the hospital uses 80 needles per month, the cost of placing an order is $14, and holding cost is estimated to be $1.20 per needle per year. Using the EOQ formula, the optimal order size is ______
QUESTION 11
The AndersonPalmerHospital would like to reduce the cost of its inventory by calculating the optimal order size for hypodermic needles. On average, the hospital uses 200 needles per month. The purchasing staff has calculated that the EOQ for needles is 160 needles. If they proceed to purchase in EOQ quantities, how many orders per year will be placed?
QUESTION 12
The local distributor for Macho Heavy Beer is reconsidering its inventory policy now that only kegs will be sold. The sales forecast for next year is 600 kegs. The cost to store a keg of Macho in a refrigerated warehouse is approximately $4 per year. Placing an order with the factory costs about $6. If orders are placed in pallets of 60 kegs, the brewery is willing to give the local distributor a discount on the wholesale price of each keg. Macho beer must determine the exact discount amount before deciding whether or not to take the discount.
QUESTION 13
In a region with a grid-style road network, the Euclidian metric would provide the most accurate travel time between facilities
QUESTION 14
Which of the following is true in relation to following EOQ graph?
QUESTION 15
An individual who opens a franchise of a national chain can potentially face all of the following conflicts with the franchiser EXCEPT ________.