1. Think about the courses you have taken in functional areas such as marketing, finance, production, human resources, and accounting. What is the importance of each of these areas to the strategic planning process?
2. What are visual controls, how are they used? find 2 examples of companies that use visual controls.
3. A local bookstore turns over its inventory once every six months. The bookstore’s annual cost of holding inventory is 32%. What is the inventory holding cost (in $) for a book that the bookstore purchases for $10 and sells for $21? (Use 2 decimal places)