Rolf Steps Is the Production Manager for a Local Manufacturing

question 100

Multiple Choice

Rolf Steps is the production manager for a local manufacturing firm.This company produces staplers and other items.The annual demand for a particular stapler is 1,600 units.The holding cost is $2 per unit per year.The cost of setting up the production line is $25.There are 200 working days per year.The production rate for this product is 80 per day.If Rolf decided to produce 200 units each time he started production of the stapler, what would his maximum inventory level be?

• A)200
• B)180
• C)100
• D)90

Comprehend the obligations and risks associated with commercial tenancies and methods to minimize those risks.

Develop awareness of the various obligations of bailees in the care of others’ property.

Identify strategies for businesses to reduce or avoid liability due to environmental damage.

Understand the environmental review process under federal legislation.

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Definitions:

United Kingdom

A sovereign country located off the northwestern coast of mainland Europe, comprising England, Scotland, Wales, and Northern Ireland.

Hierarchy of Effects

A model that outlines the sequential steps consumers typically go through, from awareness to knowledge, liking, preference, conviction, and finally purchase.

Stages

The distinct phases or steps within a process or life cycle.

Direct Marketing

A type of advertising strategy that involves direct communication with consumers through various channels, bypassing intermediaries.