The Davis national drugstore chain prefers to operate one outlet in a town that has four major market segments. The number of potential customers in each segment along with the coordinates is as follows:
Which would be the best location by the center-of-gravity method?
Answer to relevant QuestionsFor the Davis drugstore chain in Problem 8, suppose that after five years, half the customers from segment 1 are expected to move to segment 2. Where should the drugstore shift, assuming the same criteria are adopted? In ...Briefly describe a business you are familiar with and explain how it might use each of the five ways to adjust its short-term capacity levels. Research and write a short paper (two pages maximum) on two examples of revenue management applications not in the text and explain how they help organizations. Given the following data for Albert’s fabricating production area: Fixed costs for one shift ....... = $60,000 Unit variable cost ............ = $7 Selling price .................... = $12 Number of machines .......... = ...Interview a current or previous employer about how he or she makes forecasts. Document in one page what you discovered, and describe it using the ideas discussed in this chapter.
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