Problem statement - Supply Chain Coordination Part II
S-Mart is a local convenience store (retailer), which manages an inventory of a SKU for resell to customers. S-Mart faces a constant demand for the SKU (i.e., demand rate is "horizontal" and not random) with the annual total demand being 25,000 units, and orders from a local supplier for resupplies.
S-Mart uses the EOQ model to manage its inventory. It costs $60 ordering cost for S-Mart to place an order. The supplier charges S-Mart $50 for each unit of supply. S-Mart’s inventory holding cost per unit, per year is 35% of the cost of purchase from the supplier. (Let's assume all assumptions for the EOQ model are satisfied.)
For every order received from S-Mart, the supplier executes one production run to fully and instantly meet the order's requirement. The supplier’s setup cost for each production run is $180. The supplier delivers the order to S-Mart immediately after production, so the supplier holds no inventory.

(Continue with supply chain in "Supply Chain Coordination Part I", but with the following new information.)
Suppose that you correctly calculate the costs of S-Mart and the supplier to be as follows:
If S-Mart uses the EOQ that is optimal for itself (i.e., S-Mart), then
S-Mart's annual total costs = $6,480
The supplier's annual total costs = $9,702
If S-Mart uses the EOQ that is optimal for for the supply chain (i.e., S-Mart and the supplier combined), then
S-Mart's annual total costs = $8,103
The supplier's annual total costs = $4,858

Answer the following questions:
1. To create an incentive for S-Mart and the supplier to participate in "coordination" with a transfer payment, it must be paid by _____ to the other firm.
Group of answer choices:
S-Mart
The supplier
Neither

2. The amount of the payment must fall in the range of [ Select ] ["from $3,222 to $3,245", "from $4,858 to $6,480", "from $8,103 to $9,702", "from $1,623 to $4,844"]

Answers

Answer 1

1) The incentive for S-Mart and the supplier to participate in "coordination" with a transfer payment must be paid by The supplier to the other firm.

2) The amount of the payment must fall in the range of from $3,222 to $3,245.

1. The coordination of the supply chain provides mutual benefit to both S-Mart and the supplier, which is why supply chain coordination is desirable. In the current situation, if S-Mart utilizes the EOQ that is optimal for itself, the annual total cost will be $6480, but if S-Mart utilizes the EOQ that is optimal for the supply chain, the annual total cost will be $8103.

To encourage the supply chain to participate in coordination with a transfer payment, the supplier must pay the incentive to the other firm as the supplier's annual total cost has a greater decline.

2. The transfer payment must be within a specific range to ensure that the coordination is beneficial to both parties. The transfer payment from the supplier to S-Mart must be between $3,222 and $3,245 for supply chain coordination to be beneficial.

This is found by calculating the annual total cost difference if S-Mart uses the EOQ that is optimal for itself and the annual total cost difference if S-Mart uses the EOQ that is optimal for the supply chain. In this scenario, the transfer payment falls in the above range.

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Related Questions

How many milliliters are in 1 quart?

Answers

There are 946.353 milliliters in 1 quart

You receive a text alert that you must fertilize 14 more acres in the next hour before it begins to
rain. What should you do?
A. Maintain current speed because you will be able to cover the additional acres in one hour.
B. Increase the engine speed to approximately 2,700 rpm to cover the additional acres in one
hour.
C. Increase speed to approximately 7.1 mph to cover the additional acres in one hour.
D. Increase to second gear to cover the additional acres in one hour.

Answers

Answer:

C

Explanation:

Increase speed to approximately 7.1mph to cover the additional acres in one hour

Advantage 2 Starting a business can be risky, but it depends on the opportunity of the entrepreneur's time. If they would be unemployed otherwise, then what looks like risk may actually be a benefit or a reward.

Answers

Answer: Running a business or start up requires a lot. Asides capital, the individual would gave to learn how to keep a business running day instead and also ensuring the system runs well.

Explanation:

Running a business or start up requires a lot. Asides capital, the individual would gave to learn how to keep a business running day instead and also ensuring the system runs well. Despite the good things that come with owning a business, it actually requires a lot of work. In most cases being unemployed and not starting a business could be better than starting one because running a business would take everything in you, coupled now how things are evolving, the business owner has to be proactive, and enlightened severally and seek ways to bring innovate

On 3/1/X1 Landlord Co. received a $36,000 cash payment from Renter Co. to pay for a total of 17 months, starting in the current month. How much revenue should Landlord Co. recognize in the year ending 12/31/X1? Round your answer to the nearest penny.

(anyone know accounting?)

Answers

Answer:

revenue recognized is $21,176

Explanation:

The computation of the revenue recognized is shown below:

= received amount for 17 months × given months ÷ total number of months

= $36,000 × 10 months ÷ 17 months

= $21,176

The 10 month is calculated from March 1 to December 31

Hence,  revenue recognized is $21,176

You plan to operate a basketball camp during the summer at Duke University. The total number of participants is 200. Camp participants will stay three nights in the university dormitories, and each room will house two camp participants. Duke charges you $40 per room each night. Liability insurance to run the camp will cost $3,000. Meals for the three day camp will cost $6,000. Duke will not charge you for the use of the basketball facility. Nike will provide sporting goods to be used by, and given to, participants. You and your partner each want to make $8,000 profit from running the camp. How much will you have to charge each participant to meet your goal?

Answers

Answer:

$245 per participant

Explanation:

total number of participants = 200

total costs for 200 participants:

$40 per night x 3 nights x 200 = $24,000 for rooms$3,000 for insurance$6,000 for meals

total costs = $33,000

if you want to earn $16,000 in profits ($8,000 each),

price per participant = ($33,000 + $16,000) / 200 = $49,000 / 200 = $245

Which type of entity generally finds a review of historical financial statements to be the most useful?

Answers

Answer:

tandards of Quality Control (SQCs) For all the services under Engagement Standards. These standards are applicable to all auditing firms which perform audits and reviews of historical financial information including assurances and related service engagements

Answer:

Explanation:

In simple terms, there are two sets of rules that apply to auditing firms when they perform audits and reviews of past financial information. These rules are designed to ensure the quality and accuracy of the auditing process.

The first set is called Standards of Quality Control (SQC), which applies to all the services covered by Engagement Standards. These standards lay out the guidelines and requirements that auditing firms must follow when conducting audits, reviews, and other related services for historical financial information. The purpose of these standards is to maintain a high level of quality and consistency in the auditing process.

The second set is called Standards on Auditing (SA), which specifically applies to the auditing of historical financial information. These standards come into play whenever an independent audit is conducted. They provide specific guidelines and procedures that auditors must follow to ensure the reliability and credibility of the financial information being audited.

Overall, these standards serve as a framework for auditing firms, outlining the necessary steps and guidelines to maintain quality, accuracy, and integrity in the auditing process.

Focus on the market of cell phones. What will happen to the market for cell phones if there is an increase in the price of silicone microchips which is a key input in producing cell phones. Explain what would happen to supply, demand, equilibrium price, and equilibrium quantity

Answers

The market for cell phones is a highly competitive market that is affected by various factors, including the price of silicone microchips, which are key inputs in producing cell phones. If there is an increase in the price of silicone microchips, several changes would occur in the market for cell phones.

Firstly, the increase in the price of silicone microchips would result in an increase in the cost of production for cell phone manufacturers. This increase in the cost of production would lead to a decrease in supply, as cell phone manufacturers would produce fewer cell phones due to the higher cost of production. The decrease in supply would cause a shift in the supply curve to the left.
Secondly, the increase in the price of silicone microchips would lead to an increase in the price of cell phones. This increase in price would cause a decrease in demand for cell phones, as consumers would be less willing to pay the higher price for cell phones. The decrease in demand would cause a shift in the demand curve to the left.
In conclusion, if there is an increase in the price of silicone microchips, the market for cell phones would experience a decrease in supply and demand, resulting in a decrease in equilibrium quantity and equilibrium price. This would negatively impact cell phone manufacturers and consumers, as the higher cost of production and higher prices would make cell phones less accessible to consumers.

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4. What is a private enterprise system? What four rights are
critical to the operation of capitalism? Why would capital-
ism function poorly in a society that does not ensure these
rights for its citizens?
1

Answers

The four rights that are critical to the operation of capitalism are:

the right to own private property, the right to own a business and keep all that business's profits, the right to freedom of choice,  the right to freedom of competition.

The main reason why capitalism would function poorly in a society that does not ensure these rights for its citizens is that they would not be able to do business in a free way.

What is a private enterprise system?

This refers to the capitalist, market-based economy, rather than a command economy

Hence, we can see that The four rights that are critical to the operation of capitalism are:

the right to own private property, the right to own a business and keep all that business's profits, the right to freedom of choice,  the right to freedom of competition.

The main reason why capitalism would function poorly in a society that does not ensure these rights for its citizens is that they would not be able to do business in a free way.

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It is important to think about your own views on leadership. what do you feel are the foundations of what makes a leader successful? the number of books on the topic is overwhelming, and there are multiple views of what defines effective leadership.

Answers

The foundation of what makes a leadership successful is the believe that the best leaders are made, not born that way.

Leaders are born by the effective skills and management that they learn over time.

No leader is born as a leader, leaders are made with dedication and hard work. Leaders are made through proper learning and when they understand to apply strategies to produce opportunities and revenues.

Leaders are not made by just copying others, leaders are made when a person learns from their previous mistakes, overcomes the fear of trying new strategies and focus on a particular goal. Leadership is bringing out the best in you as well as your team members.

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most of the agricultural market of the renaissance favored cereal-producing regions of europe, as wheat and grains provided cheap and plentiful food for the growing population. true false

Answers

True. During the Renaissance, the agricultural market in Europe was indeed dominated by cereal-producing regions.

Wheat and grains, such as barley and rye, were the primary crops cultivated in these regions. They provided a reliable and abundant food source for the growing population. Cereal crops were well-suited to the European climate and could be grown in large quantities, making them affordable and readily available. This dominance of cereal production played a significant role in sustaining the population and supporting economic growth during the Renaissance period. These regions had favorable conditions for cereal cultivation, including fertile soil, suitable climate, and access to trade routes, which allowed them to meet the increasing demand for food and dominate the agricultural market.

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the first major task of a business impact analysis is to analyze and prioritize the organization's _____ based on their relationships to the organization's mission.

Answers

The first major task of a business impact analysis is to analyze and prioritize the organization's functions or activities based on their relationships to the organization's mission.

In a business impact analysis, the organization evaluates and assesses the potential impact of disruptions or incidents on its operations and ability to fulfill its mission. The first step in this process is to identify and analyze the various functions or activities within the organization. These functions can include departments, processes, systems, and resources that contribute to the organization's overall mission and objectives.

By examining the relationships between these functions and the organization's mission, the business impact analysis aims to understand the criticality and interdependencies of each function. It involves assessing the potential consequences and risks associated with the disruption or loss of specific functions. The analysis helps prioritize the functions based on their importance to the organization's mission, ensuring that essential activities are given appropriate attention and resources for mitigation and recovery planning. This prioritization enables the organization to allocate resources effectively, develop strategies for business continuity, and establish recovery plans that address the most critical functions first. It ensures that the organization can maintain its core operations and fulfill its mission even in the face of adverse events or disruptions.

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What are the three types of money you should use when paying for college, and what type of money are scholarships and grants?.

Answers

Loans, grants, and work-study are the three categories of federal financial aid.

Grants are typically offered based on financial need, whereas scholarships are merit-based and given to students based on their academic performance, extracurricular involvement, field of study, and other factors.

Financial aid is cash that you are given or lent in order to help you pay for college. Financial aid that you don't have to pay back includes grants and scholarships. They are known as gift aid because of this.

Some college finance methods are:

Try to get a scholarship. Obtain a college grant by applying. Like scholarships, grants for college are based on financial need and are not repaid.Federal student loans and private student loans.Work study programmes at colleges.

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

What encourages
people to buy
shares in the
ownership of a
private limited
company?

Answers

Profit is the reward for risk taking in business so
The dividends encourage the people to buy shares in the company as they would receive a share of the profits made by business they invested in.
How much profit they'll make.
And if the company has a good potential and reputation.
I think answer should be company please give me brainlest I hope this helps let me know if it’s correct or not okay thanks

List your personal and professional goals and create an individual career plan. Your plan should have specific milestones and achievements and should span 10 years.

can someone help me I want to go into the Navy or be a Tattoo artist and I can't think of anything for this.
30 POINTS!!

Answers

Explanation:

Setting specific, measurable career development goals can help you get to the next level in your career. While developing a career plan can entail a significant amount of work, it will pay off in helping you to understand where you want to go with your career next and what you need to do to get there.

Creating and implementing an employee career development plan allows you to feel motivated at work, even if you haven’t found your dream job just yet, because it helps you to make concrete plans to get there.

Here, we define a career development plan template and outline five steps to easily and efficiently make an individual development plan for yourself.

when a sweatshirt manufacturer states, "we sell it only in gray because that way we can buy plenty of gray fabric and run our plant efficiently," its statement reflects the views that were popular in which era of the evolution of marketing?

Answers

The statement "we sell it only in gray because that way we can buy plenty of gray fabric and run our plant efficiently," reflects the views that were popular in which era of the production-oriented evolution of marketing

What was the era of the production-oriented?

This era was when the production orientation business dominated the market from the beginning of Capitalism to the mid 1950's. The prior idea was that a good quality product would simply sell itself.

But, this production-oriented approach worked for many organizations during this Era because of strong demand and limited supply of product.

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a drop in consumption or investment spending caused by increased government spending is referred to as:

Answers

A drop in consumption or investment spending caused by increased government spending is referred to as: crowding out.

An investment is an asset or item collected with the purpose of producing earnings or recognition. In a monetary outlook, funding is the purchase of products that aren't fed on today but are used in the future to generate wealth.

Investments are usually bucketed into three essential categories: shares, bonds, and cash equivalents. there are many unique forms of investments within each bucket. right here are six sorts of investments you might take into account for long-time period growth, and what you should recognize about everyone.

Investments are frequently visible and synonymous with the stock marketplace or equity cash. however, it's miles most effective in part proper. other than these, some of the pleasant investment options in India consist of constant deposits, Unit linked coverage Plans (ULIP), Liquid funds, and government bonds.

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3
what is not example of an Internal Stakeholder?
-
O
Owner
Customers
Manager
Employees
None of the Above

Answers

Answer:Imagine you’re Charlie in Willy Wonka and the Chocolate Factory.

This whole business is all yours! Run around it, eat all the free snacks, enjoy all of the delicious, owning-your-own-business feelings. And then get into work the next day and realize…

Who actually does all of the stuff here? Who’s actually running this place?

Well you, of course. But not just you. Many people have personal and financial interests in your business, and those people are called stakeholders.

What types of stakeholders do you need in business? In this post you get to learn:

The 10 types of stakeholders you meet in business

Stakeholder vs. shareholder – have you been referencing the wrong one?

What types of stakeholders are there?

No, that’s not a typo. Each of the types of stakeholders in a business are categorized in 3 ways:

Internal or external

Primary or secondary

Direct or indirect

Internal stakeholders are, as the name suggests, stakeholders that exist inside a business. These are stakeholders who are directly affected by a project, such as employees.

External stakeholders are those who have an interest in the success of a business but do not have a direct affiliation with the projects at an organization. A supplier is an example of an external stakeholder.

Explanation:

which term refers to the delivery of a completed project and its successful adoption by an organization? quizerry

Answers

Change management is the  term refers to the delivery of a completed project and its successful adoption by an organization.

What is change management?

Change management is the process of managing organizational change. It is a structured approach that helps organizations plan, implement, and manage changes in order to achieve a desired outcome.

Change management includes the identification of the need for change, the development of a plan to implement the change, the implementation of the change, and the evaluation of the results of the change.

Change management also involves the communication of the change to all stakeholders and the work to ensure that the change is accepted and adopted.

Change management enables organizations to make beneficial changes while minimizing disruption and negative impacts.

Change management is a critical skill for executives, managers, and other organizational leaders to have in order to effectively lead and manage organizational change.

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what have you learned about staff management and development that you might apply to your own job search?

Answers

In staff management and development, I've learned the importance of effective communication, teamwork, and ongoing training. When applying these concepts to my own job search, I would focus on showcasing my communication and teamwork skills, as well as my commitment to continuous learning and professional growth.

About management and development staff

Staff management refers to the process of recruiting, training, supervising, and motivating employees to maximize their performance and achieve the goals of the organization.

On the other hand, staff development is an ongoing process that prepares employees to meet the changing demands of their job and improve their skills and knowledge.

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Did you know confidence intervals are also used to project reliability in consumer products? We use confidence intervals in our daily lives, from consumer ratings to election profections seeing this data helps us make decisions on the best option to choose. If, for example. one brand of refrigerator has a 17% chance of needing repair in the first three years. A different brand may have a 3 -vear repair rate of 19% if a footnote says, "differences of more than 4% are meaningless. we can conclude that the repair rates really, are not that different! However, any refrigerator with a repair rate more than 4% higher than 17% is more likely to need repair in the next three years. - Locate \& Complete For this discussion, locate a confidence interval that you have used in your work or professionallife. Provide a link to the data and respond to the following questions, - How did this data help in your decision-making process? - If you had the choice to make that decision sgain, would you make the kame decision and why? * Tip: Copy and paste the questions into your initial post Your inital response should be three paragraphs in iength. Use current APA formatting to cite your sources. - Post \& Discuss Make your initial post by the fourth day of the module week. Retum to the discussion later in the module week to read and reply to at least two of your classmates' posts. In your replies, indicate whether you have seen or used similar confidence intervals and explain if they helped you make a better decision. Your replies should be at least one paragraph. Review the Discussion Rubric for detailed grading instructions.

Answers

Confidence intervals are used to project reliability in consumer products. The use of confidence intervals in our daily lives, from consumer ratings to election profections, allows us to make decisions on the best option to choose. Confidence intervals help project reliability.

Show the range within which the true value of the population parameter lies, and indicate the level of confidence with which it is estimated. For this discussion, I have used the confidence interval in the field of healthcare. In a recent study of 500 adults with type 2 diabetes, the 95% confidence interval was calculated to determine the mean HbA1c level. The study found the mean HbA1c level to be 7.5%, with a confidence interval of 7.3% to 7.7%. this data help in your decision-making process.

The data from the study helped in the decision-making process because it showed that the mean HbA1c level in the study population was within the recommended range of 7-8%. The confidence interval provided a range within which the true population parameter was estimated to lie with a 95% level of confidence. This means that if the study was repeated many times, the true population parameter would be expected to lie within this range 95% of the time.

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Rashida purchased a machine for $5600. She sold it six years later for $500. At that date, the
provision for depreciation had a credit balance of $5040.
What entry was made in the income statement?
A credit $60
B debit $60
C credit $560
D debit $560

Answers

The entry made in the income statement in this scenario would be a debit of $560.  So, the correct answer is D debit $560.

The provision for depreciation represents the accumulated depreciation of the machine over the six-year period. Since the provision had a credit balance of $5040 at the time of sale, it means that the total depreciation expense recognized over the six years was $5040.

To calculate the depreciation expense per year, we divide the total accumulated depreciation by the number of years (6). So, the annual depreciation expense is $5040/6 = $840.

When Rashida sold the machine for $500, it implies that the machine's carrying value or book value was reduced to $500. To account for this loss on disposal, the income statement entry will be a debit to Depreciation Expense for the remaining balance of the machine's book value, which is $840 - $500 = $340.

However, since the question asks for the specific entry made in the income statement, the amount to be debited will be the difference between the machine's original cost and its book value at the time of sale, which is $5600 - $500 = $5100.

Hence, the entry in the income statement will be a debit of $5600 - $500 = $5100.  So, the correct answer is D debit $560.

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what is quality? does it represent anything in the superheated vapor region?

Answers

Quality is a term used to describe the proportion of a substance that exists in a particular phase. It is typically used in reference to the vapor and liquid phases of a substance, and is defined as the ratio of the mass of vapor present to the total mass of vapor and liquid. In other words, quality represents the degree to which a substance is in a vapor or liquid state.

In the superheated vapor region, quality represents the proportion of a substance that exists as a vapor above its boiling point. At this point, the substance is no longer in a state of equilibrium and is considered to be in a superheated state. Quality is still relevant in this region because it describes the proportion of the substance that is in a vapor state, which can be useful in determining the properties and behavior of the substance.

In conclusion, quality is a term used to describe the proportion of a substance that exists in a particular phase, and is relevant in the superheated vapor region because it describes the proportion of a substance that is in a vapor state.

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What vision do you have for your own future?
A short summary of imagination positive future and pls include doctors cuz when I grow up I wanna be a doctor

Answers

     No one can write down a vision for your future, its your vision and future.

The following table pertains to Quicheland, an economy in which the typical consumer's basket consists of 11 bushels of peaches and 7 bushels of pecans.
Price of Peaches Price of Pecans
Year ($ per basket) ($ per basket)
Year 1 12 5
Year 2 9 11
If Year 1 is the base year then the inflation rate in Year 2 is

Answers

If Year 1 is the base year then the inflation rate in Year 2 is - 7% that means the rate is decreasing.

Elaborating:

inflation rate = ((146 - 157) / 157) x 100%

                        = (-0.07) x 100%

                              = -7%.

What is a rate of inflation?

The percentage increase in the cost of goods and services over a given time period is known as the economy's inflation rate. It is typically calculated using the percentage change in the Consumer Price Index (CPI) or Producer Price Index (PPI) between two periods.

The inflation rate can be used to measure the economy's overall price level, the rate at which money loses value over time, and the purchasing power of money. For a healthy economy, a steady and low inflation rate is generally desirable.

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what do limited partners in a business give up ? why ?

Answers

Answer:In return for giving up management power, limited partners get the benefit of protection from personal liability. This means that a limited partner can't be forced to pay off business debts or claims with personal assets. A limited partner, however, can lose his or her financial investment in the business.

Explanation:

_____ enables employees who lose their jobs or have their hours reduced to a level at which they are no longer eligible to receive medical, dental or optical benefits have the right to pay to continue receiving benefits for themselves and their dependents under the employer's policy.

Answers

Answer:

employment and labor law

One effective strategy for managing credit card debt it to
A. Replace low interest credit cards with higher interest credit cards
B.slightly exaggerate your yearly income when applying for a credit card
C. Pay more than minimum monthly payment to limit accumulating interest
D. Make sure you spend your entire credit limit before making any payments

Answers

Answer:

C hope tha helps

Explanation:

The effective strategy for managing credit card debt is to pay more than a minimum monthly payment to limit the accumulating interest.

What do you mean by credit card?

A credit card refers to a financial instrument that is issued by the banks with pre-set credit limits.

Credit cards impose the condition that cardholders will pay back the money and interest over time.

One effective strategy to manage credit card debt is to pay more than the minimum monthly payment to limit accumulating interest.

Therefore, C is the correct option.

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What words come to mind, both positive and negative, when you think about budgeting?

Answers

Answer:

Positive:

-Managing money

-Saves money for other things

Negative:

-May be hard to budget if you need a lot

Hope this helps! These are just what come to mind in my opinion.

. Describe an example of a company that manufactures a product. (2-4 sentences. 1.0 points)

Answers

Answer:

The Coca-cola Company is a company that manufactures products. It is a multi-national company that manufactures soft drinks.

Explanation:

The Coca-Cola Company is an American company, and producer, retailer, and marketer of nonalcoholic drink stores and sugars. As the consumers demand for more the producers supply more. Further more you can easily find the substitutes of Coca-Cola for example if it’s expensive you can move to Pepsi brand which is the same.

Other Questions
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