The Following Table Represents the New Members That Have Been

question 4

Multiple Choice

The following table represents the new members that have been acquired by a fitness center. Assuming α = 0.3, β = 0.4, an initial forecast of 40 for January, and an initial trend adjustment of 0 for January, use exponential smoothing with trend adjustment to come up with a forecast for May on new members.

• A)58.57
• B)63.23
• C)52.25
• D)55.81

Learn about managerial decisions in setting optimal order quantities and pricing under capacity and demand constraints.

Appreciate the complexity of supply chain decisions, including trade-offs between different strategies to improve profitability.

Understand optimal resource allocation to maximize profits.

Calculate the financial impact of inventory decisions, including overstocking and understocking costs.

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Definitions:

Finished Goods Inventory

The collection of products that have been completed and are available for sale, yet remain unpurchased.

Operating Expenses

Costs that are necessary for the day-to-day functioning of a business, excluding direct material and direct labor costs.

Customer Orientation

A strategy in business aimed at recognizing and satisfying the demands and anticipations of clients.

Corporate Social Responsibility

A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.