A monopolist uses one input X, which she purchases at the fixed price p=5 in order to produce output q. Her demand and production functions are: P=85-3q and q= 2×1/2 respectively. Derive the equilibrium output and equilibrium profit

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Explain the concept of Kanban and its usefulness. How does CONWIP differ from Kanban

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“Recent developments in the area of codification include barcodes which help in keeping count of stocks”. Comment on the statement. Also, explain the steps for devising a barcode for a business

The statement is accurate; recent developments in codification, particularly the use of barcodes, have significantly enhanced inventory management by facilitating ...

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What is supplier evaluation? Discuss the review process for rating of suppliers. Also, explain why the relationship between the buyer and seller is of immense importance

Supplier Evaluation:Supplier evaluation is a systematic process that organizations use to assess the performance, capabilities, and overall suitability of their ...

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Why customer service, packaging and production scheduling are considered to be inter-functional management activity? How can they be managed effectively within a functionally organized firm

Customer service, packaging, and production scheduling are considered inter-functional management activities because they involve collaboration and coordination across different functional ...

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“Materials management contains an integrated process of materials flow, in, through and out of an organization”. Comment on it and talk about the reasons behind it

Materials management is a comprehensive approach that oversees the entire lifecycle of materials within an organization, encompassing their flow from ...

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“With information freely available on the Internet, the demand for consultants will reduce”.Comment on the statement

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Marketing helps to create awareness about the product among the consumers and helps them in decision making

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“Advertising is nothing but salesmanship in print.”

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What are ogives? Discuss the method of constructing ogives with the help of an example

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What is the practical utility of the central limit theorem in applied statistics

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Explain the decision tree approach with suitable example

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“Measuring variability is of great importance to advanced statistic alanalysis”

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“In the case of quantitative methods of forecasting, each technique makes explicit assumptions about the underlying pattern”

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“Different issues arise while analysing decision problems under uncertain conditions of outcomes”

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“In probability sampling the decision whether a particular element is included in the sample or not, is governed by chance alone”

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Questionnaire method of collecting primary data

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Bayes’ Theorem

Bayes' Theorem is a fundamental concept in probability theory that describes the probability of an event based on prior knowledge ...

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What is the need for Supply Chain Performance Measures? What are the factors that contribute to management’s need for new types of measures for managing the supply chain

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ignou kul December 29, 2023

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When Christopher says that “supply chains compete, not companies” what exactly does he mean. Evaluate this statement from the cost point of view

Christopher's statement, "supply chains compete, not companies," emphasizes the idea that in today's interconnected and global business landscape, the effectiveness ...

ignou kul December 29, 2023