Solve the Problem. -A Ceramics Workshop Makes Serving Bowls, Platters, and Bread Baskets

question 38

Multiple Choice

Solve the problem.
-A ceramics workshop makes serving bowls, platters, and bread baskets to sell at its Winter Festival. A serving bowl takes 3 hours to prepare, 2 hours to paint, and 8 hours to fire. A platter takes 15 hours to prepare, 3 hours
To paint, and 4 hours to fire. A bread basket takes 4 hours to prepare, 14 hours to paint, and 7 hours to fire. If the
Workshop has 101 hours for prep time, 55 hours for painting, and 82 hours for firing, how many of each can be
Made?

• A)2 serving bowls, 6 platters, 5 bread baskets
• B)7 serving bowls, 6 platters, 3 bread baskets
• C)6 serving bowls, 5 platters, 2 bread baskets
• D)5 serving bowls, 2 platters, 6 bread baskets

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Definitions:

Competitive Factors

Elements that influence a company's competitive position within its industry, including cost structure, product quality, brand reputation, and customer service.

Private-label Brands

Products that are manufactured or provided by one company for offer under another company's brand.

Profit Margin

A financial metric used to assess a company's financial health, calculated by dividing net income by revenue. It represents what percentage of sales has turned into profits.

Inventory Costs

Costs associated with storing, managing, and insuring inventory, including opportunity costs of holding inventory.