Question
Texpull Ltd is a mid-sized organization in the knit outerwear mills industry located in Mare dAlbert, Mauritius with an estimated $823,520 USD in annual revenue.
Texpull Ltd is a mid-sized organization in the knit outerwear mills industry located in Mare dAlbert, Mauritius with an estimated $823,520 USD in annual revenue. Texpull Limited is an organisation which has been established in 2000. It is divided into several departments namely design department, manufacturing department and administration department. Till date, the company comprises of three branches in Mauritius, one local factory shop and employs around 200 employees. The main activity of the organisation is to produce pullovers.
ITEMS DESCRIPTION | UNITS | ANNUAL DEMAND | UNIT COST |
Thread ATS | Cone | 100,000 | R 27.00 |
Thread m. fil | Cone | 75,000 | R 38.00 |
Mobilon tape | Rolls | 100,000 | R 8.00 |
Hanger | per unit | 50,000 | R 1.00 |
staples | per 100 unit | 250,000 | R 6.00 |
Thread Blue | cone | 26,000 | R 35.00 |
Label care | per unit | 400,000 | R 2.00 |
stickers | pcs | 1,000,000 | R 0.40 |
1) (a) Using example calculations, explain how a textile company can use different quantitative techniques to support business decision making
(b) Explain how equations and algebraic methods might contribute to the solution of a specific business problem within your organisation.
(c) Evaluate alternative methods of sampling used in the process of gathering data to support decision making within the organisation.
(d) Discuss the importance in business decision-making within the organisaion of identifying potential correlations
between two different variables. (Diagrams, charts and theories)
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