Table 10.3 A Large Distribution Center Uses Some Part-Time Employees in Its

question 35

Multiple Choice

Table 10.3
A large distribution center uses some part-time employees in its workforce. Each part-time employee works a maximum of 80 hours per month. The workforce requirements (expressed as the number of part-time employees working the maximum regular time of 80 hours per month) are given in the following table for the next six periods.

The relevant costs are:
Wages = $350/month/worker
Hiring cost = $100/worker
Layoff cost = $50/worker
Overtime cost = 150% of regular-time rate
The current workforce level is 60, and overtime cannot exceed 25% of regular-time capacity.
Use the spreadsheet approach to answer the following questions.
-Use the information in Table 10.3. Use a level strategy with overtime and undertime. Minimize undertime by maximizing overtime during the peak period. If the firm does not pay undertime, what is the total cost of the staffing plan including the cost of regular wages, hiring, and layoffs?

• A) less than or equal to $158,000
• B) greater than $158,000 but less than or equal to $160,000
• C) greater than $160,000 but less than or equal to $162,000
• D) greater than $162,000

Understand the concept of target markets and how organizations direct their marketing program towards specific groups.

Identify the four components of the marketing mix (product, price, promotion, and place) and their role in solving marketing problems.

Recognize the importance of satisfying consumer needs through effective marketing strategies.

Distinguish between a market and a target market in a marketing context.

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Definitions:

Co-produce

The act of collaborating or working together to produce a result or outcome, often seen in contexts where inputs from various sources are integrated.

Implicit Leadership Theories

Are preconceived notions about the attributes associated with leaders that reflect the structure and content of “cognitive categories” used to distinguish leaders from nonleaders.

Attributes

Qualities or features regarded as a characteristic or inherent part of someone or something.

Granting

The act of giving or assigning something, such as rights, privileges, or resources, usually from a position of authority.