An Empirical Test of the Search, Experience

Q1 – Experience qualities
Q2 – Experience qualities
Q3 – Option D
Q 4 – Banking services
Q 5- High Contact Services
Q 6 – 10 bags, once every six months
Q7 – The cost of overage must be greater than cost of underage
Q8 – 27 boats
Q9 – Option C (Target order up to inventory level – current inventory on hand)
Q10 – 86%
Q11 – False
Q12 – True
Q 13 – False
Q 14 – True
Q15 – False
Q 16 – Annual Purchase Cost
Q17 – True
Q18 – The lead time
Q 19 – Setup cost
Q20 – Expected demand during lead time plus safety stock