According to the Penn World Tables, real GDP of China about doubled between 2004 and 2011. Using the Rule of 70, what was the average annual growth rate of the Chinese economy between 2004 and 2011

marketing strategies should be established before marketing objectives are decided. t/f

Afirm that makes electronic circuits has been ordering a certain raw material 250 ounces at a time. the firm estimates that carrying cost is i = 30% per year, and that ordering cost is about $20 per order. the current price of the ingredient is $200 per ounce. the assumptions of the basic eoq model are thought to apply. for what value of annual demand is their action optimal?

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)