Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Briefly discuss the following
- Are Costco’s prices too low? Why or why not?
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- Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.53 million and inventory was $1.49 million. This year, costs of goods sold is $8.61 million and inventory investment is $1.58 million. a) What was its weeks of supply last year? weeks (round your response to two decimal places). b) What is its weeks of supply this year? weeks (round your response to two decimal places). c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has V, Mattress Wholesalers is making V in its inventory-reduction effort.arrow_forwarda) Using relevant illustrations,distinguish between a supply schedule and suppl curves b) How relevant is the theory of supply to business firms todayarrow_forward5. What is supply and what are its approaches/types ? Mention them.arrow_forward
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