Axis partners, a canadian mutual fund, recently expanded its operations by opening a branch in shanghai, china, to handle market analysis. the company used an integration strategy for staffing its new office. entry-level positions in shanghai were filled by recruiting graduates from local campuses. however, they soon realized that this strategy was not as successful in china as it was in canada. which of the following, if true, could explain the reason for this? a. employee turnover rates in the financial services industry in china is one of the lowest in the world. b. the employees in shanghai were being paid less than their counterparts in canada. c. some of its successful competitors in china use a differentiation strategy. d. few students in shanghai choose finance as their subject of specialization.

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?