Mini- Case Question This Question Is Based Upon the Following Information

question 89

Essay

Mini- Case Question
This question is based upon the following information.
Pei- Hua was born in this country although her Chinese parents were not. Usually her mother shops at the Chinese stores in their neighbourhood, but for supermarket or department store purchases, Pei- Hua does the shopping. Her mother does not speak English at all, but she does read the Asian newspapers. Her father's import business keeps him busy, and he has been very successful. Pei- Hua's brothers both studied medicine at the University of Toronto, and now she is getting a business degree herself. She studies very hard, sometimes with her friend, Jan, who also thinks that learning and doing well in school are important. Pei- Hua's tuition is paid by her parents, and, of course, she lives at home, but she also earns money herself, for the little "extras." Her father insists that she put at least 15 percent of her earnings into a savings account. He does not believe in credit cards. She knows that he's right, so she does it. Recently she was delighted when her father gave her a personal computer and printer. No more using the ones at school!
Of the various behaviours described for Pei- Hua and her family, select two which seem characteristic of Asian Canadians in general.

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Definitions:

Optimal Quantity

The most efficient amount of stock or product to order or hold to minimize costs and meet demand.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values.

Level of Availability

The degree to which a system, service, or product is operable and accessible when required for use.

Inventory Cost

The total expense associated with purchasing and maintaining a business's inventory, including procurement, storage, and management costs.