Graeme Manages a Candy Store in a High Traffic Shopping

question 80

Multiple Choice

Graeme manages a candy store in a high traffic shopping mall where he has collected the following information:
Weekly demand for small candy boxes = 90 boxes
Cost to place one purchase order with the box supplier = $19.80
Cost to hold one box for one year in inventory = $2.45
ead time = 2 weeks
Weeks in a year = 52 weeks
-The total order and inventory-holding cost is:

• A) less than $300.
• B) more than or equal to $300 but less than $400.
• C) more than or equal to $400 but less than $500.
• D) more than or equal to $600.

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Definitions:

Low-context Cultures

Cultures where people communicate explicitly, relying less on context, nonverbal cues, and background knowledge to understand each other.

Direct Approach

A straightforward method of communication, where the main point is presented at the beginning.

Indirect Approach

A communication technique where the main point is not immediately presented, instead leading through auxiliary details or reasoning before revealing the primary message.

Bias

A tendency to hold prejudiced views or unfair favoritism toward something or someone.