1. A fundamental role of inventory is facilitating supply and demand. Apple must balance an adequate supply of components and products with customer demand (often difficult to forecast). Was Tim Cook’s decision to switch to a centralized inventory appropriate? Should any changes be made to Apple’s inventory model? Is a shortage in supply a risk worth taking?

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business.identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats.implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the

All else held constant, an increase in the price of tablets will result in a