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Polar Ices questions: Explain why Polar Ices needs to build up stocks in the early part of the year
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Polar Ices Q. 2. [a] (i) Explain why Polar Ices needs to build up stocks in the early part of the year. (4 marks) Q. 2. [a] (ii) State and explain three likely effects of the company building up stocks. (6 marks) Q. 2. [b ] (i) Explain the meaning of the term "Just in Time production". (3 marks) Q. 2. [b] (ii) Discuss whether Polar Ices should switch to Just in Time production. (8 marks) Q. 2. [c] The managing director has thought about batch production of chocolate in the winter months. Would you advise him to do this? Justify your answer. (9 marks) . . . . . . . . . . . . . . . . . . . . . . . . .. . A. 2. [a] (i) The demand for Polar Ices' products are concentrated in the summer months and the firm currently only has the capacity to produce 140,000 units per month - which is insufficient to meet...
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