Answer:
Nothing.
Explanation:
It is known that a good credit score generally comes from a history of managing money responsibly. This doesn’t mean you shouldn’t borrow money though; in fact, companies often like to see a track record of timely payments and sensible borrowing. In Leon's case, he has no dealings with credit cards as he makes all his transaction with physical cash; therefore he has no credit score in any way.
Leon has to work towards improving his poor credit score or need to build up credit history from nothing.
Suppose Iceland goes from being an isolated country to being an exporter of coats. As a result, a. consumer surplus increases for consumers of coats in Iceland. b. producer surplus increases for producers of coats in Iceland. c. total surplus remains unchanged in the coat market in Iceland. d. it is reasonable to infer that other countries have a comparative advantage over Iceland in coat production.
Answer:
Option (b) is correct.
Explanation:
It is reasonable to infer that Iceland have a comparative advantage in producing coats, it is may be due to the lower opportunity cost of producing than the other country.
A country is exporting a commodity in which it has a comparative advantage and also, a country is exporting a commodity if the world price of the product is greater than the domestic price of the product.
Under a free trade condition, Iceland continue exporting coats until the domestic price become equal to the world price.
Hence, if there is any increase in the domestic price of the coat then this will result in a reduction in consumer surplus.
If Iceland exports coats at the world price then the producers of the coats will experience an increase in the producers surplus.
An amusement park was recently inaugurated in a city. All the customers who visited the park during the first few days were sent a feedback form via email to rate their overall satisfaction. The customers were provided four answer options to choose from in the feedback form: completely dissatisfied, dissatisfied, satisfied, or completely satisfied. This scale is an example of a(n) _____.
Please see the complete question below.
An amusement park was recently inaugurated in Tampa, Florida. All the customers who visited the park the first few days were sent a feedback form via email to rate their overall satisfaction on a scale. The form included a set of ten questions with four answer options; completely dissatisfied/dissatisfied/satisfied/completely satisfied. This scale is an example of a(n) _____ measure.
a. attribute-specific
b. disconfirmation
c. unstructured
d. direct, global
e. open-ended
Answer:
The answer is direct, global (option d)
Explanation:
Direct, global measure is one of the ways of measuring customer satisfaction/dissatisfaction or feedback on experience derived from using a product or service (like entertainment service at an amusement park).
In this kind of satisfaction/dissatisfaction measurement, a scale is provided in the feedback form to help customers rate their experience. The scale ranges from the least quality experience to the highest quality experience. E.g. completely dissatisfied, dissatisfied, satisfied, or completely satisfied.
________ advertising is used in the introductory stage of the product life cycle to tell people what a product is, what it can do, and where it can be found. Multiple Choice Institutional Reinforcement Reminder Competitive Pioneering
Answer:
Pioneering
Explanation:
Advertisement can be defined as the promotion of a product to potential customers through various mediums. Advertising helps customers to gain more information about different products that are present in the market, It also helps businesses to boost the sale of their products.
Pioneering advertising is used at the introductory stage of a product into the market. This type of advertising is used at the inception of the product into the market, It is used to create awareness of the product to potential customers telling them about the various features of the product and why they should buy it.
How can personal selling reduce the costs of promoting a product or service? By promoting a product to both qualified and nonqualified prospects By promoting undifferentiated sales messages toward prospective consumers By purchasing advertising and sales promotions in large amounts By adjusting the size of the sales force in one-person increments
Answer:
By adjusting the size of the sales force in one-person increments
Explanation:
Personal selling refers to the form of product promotion wherein the seller directly interacts with the prospect on one to one basis enumerating product attributes and different uses. Under it, the seller tries to persuade the buyer and tries to effect a sale.
The goal of personal selling is to build long term relationship with the buyer alongside customer satisfaction.
The size of the sales force determines the cost of the personal selling activity relating to promoting products and services. Greater the size of the sales force i.e number of personnel employed to cater to prospects in a particular region, greater will be the cost of promotion in the form of salary of those personnel coupled with commission and incenetives.
Under one person increment, the increement in salary of a sales person depends upon individually how much sales value has been effected by him or directly attributable to him. Adjusting sales force size in one person increments, thus reduces the cost of promotion.
Eva is perceived by her team members as having extraordinary leadership abilities. Her strong vision enables her team members to buy in. She has continually taken personal risks to protect her team. On several occasions, she has lobbied for innovative approaches with management and is often described as an individual who "goes against the flow." Eva is a(n) _______ leader.
Answer:
charismatic
Explanation:
Based on the scenario being described within the question it can be said that Eva is a charismatic leader. This characteristic refers to an individual (or in this case leader) who's personality exercises a compelling charm that tends to inspire devotation in others. Which is what Eva seems to demonstrate, and is why all her team members admire and follow her.
Eva is perceived as a transformational leader due to her extraordinary leadership abilities, visionary approach, and willingness to take risks for her team's protection and innovation.
The description of Eva aligns with the characteristics of a transformational leader. Transformational leadership is marked by the ability to inspire and motivate team members to exceed their own expectations and capabilities, often leading to innovation and change within an organization. These leaders are known for their visionary qualities, their willingness to take risks, and their capacity to drive their team towards achieving a greater purpose. Eva's actions, such as taking personal risks to protect her team and lobbying for innovative approaches, exemplify the qualities of a transformational leader. She does not only challenge the status quo but also encourages her team to think creatively and work harder, a trait commonly observed in iconic transformational leaders like Steve Jobs and Lee Iaccoca.
Suppose that a borrower wants to qualify for a conforming loan (total debt service ratio of 36%) with a monthly PITI payment of $600. She has $300 in other long-term obligations. What is the minimum gross monthly income she must make in order to qualify for this loan?
Answer:
$2500
Explanation:
The maximum amount of payments allowed for payables per month is 36% of the gross monthly income. And here, the total payments that is made during the month is $600 and $300 for long term borrowings and PITI which is a long term commitment of making monthly payments.
So the total payments for settlement of long term obligations is $900 which is 36%.
So
Gross monthly Income = $900 / 36% = $2500.
Mona contracts to repair a computer for New Data, Inc. (NDI) for $450 and have it done by next Monday. Mona knows that without the computer by Monday, NDI will lose a sale in which it will make $5,000 profit. Mona does not perform as promised, NDI loses the sale, and has to get someone else to repair the computer at a cost of $1,000. NDI files a suit against Mona. As consequential damages, NDI can recover:
Answer:
$5,000
Explanation:
Consequential damages are damages that result from the one party in a contract not performing their part or breaching the contract.
In this case, New Data can sue Mona for consequential damages resulting from Mona not performing her contractual obligations. The damages that New Data can recover = $5,000 which is the profit from the lost sale. The $1,000 spent fixing the computer cannot be recovered.
The senior management of BonusOne Bank formulates a new set of strategic plans for the next financial year and conveys it to the middle management. The middle management, in turn, conveys the same to their respective subordinates. In the context of communication channels, the given scenario illustrates _____A) downward communicationB) upward communicationC) horizontal communicationD) informal communication
Answer:
A. Downward Communication
Explanation:
Downward communication is a communication process whereby information is passed from the top of the organizational structure to the bottom of the organizational structure. It is a situation whereby information flows down the hierarchy chain from the top of the hierarchy to the bottom.
This is the method used in which information is passed from the bosses of the organization at the top to the lower management at the bottom of the organizational chart. In this scenario, the information concerning the strategic plans moves from the senior management to the middle management and down to their respective subordinates.
Maggie wants to name her artificial flower arrangement business using her name, "Maggie Lightner, Inc. Her friend sally thinks she should name it "Forever Flower Designs”. Think about the advantages of a sole
proprietorship. Why might Maggie want to consider Sally‘a idea?
Answer:
Commercial or Business names with alliterative titles are more appeasing to the common person. Forever Flowers has a type of dichotomy that is easily remembered.
On March 1, 2022, Sandhill Co. acquired real estate, on which it planned to construct a small office building, by paying $85,000 in cash. An old warehouse on the property was demolished at a cost of $9,200; the salvaged materials were sold for $1,900. Additional expenditures before construction began included $1,400 attorney’s fee for work concerning the land purchase, $5,000 real estate broker’s fee, $8,900 architect’s fee, and $15,000 to put in driveways and a parking lot.
(a) Determine the amount to be reported as the cost of the land.
Cost of land
$Enter a dollar amount
Answer:
The correct answer is $98,700.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the cost of land by using following formula:
Cost of land = Cash paid + Demolished cost - Salvage sold + Attorney fees + Broker's fees
By putting the value, we get
Cost of land = $85,000 + $9,200 - $1,900 + $1,400 + $5,000
= $98,700
(Note = Architect fee and parking lot amount comes under cost of building)
The cost of the land is $82,600, calculated by subtracting the salvaged materials' proceeds and additional expenditures from the initial cash payment.
Explanation:To determine the amount to be reported as the cost of the land, we need to consider the initial cash payment for the real estate, the cost of demolishing the old warehouse, and any additional expenditures related to the land purchase before construction began.
The initial cash payment for the real estate was $85,000.The cost of demolishing the old warehouse was $9,200, but $1,900 was earned from selling the salvaged materials.Additional expenditures included $1,400 attorney's fee, $5,000 real estate broker's fee, $8,900 architect's fee, and $15,000 for driveways and a parking lot.To calculate the cost of the land, we subtract the salvaged materials' proceeds and the additional expenditures from the initial cash payment:
Cost of land = $85,000 - ($1,900 + $9,200 + $1,400 + $5,000 + $8,900 + $15,000)
Therefore, the cost of the land is $82,600.
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At Spyglass Inc., a private eye firm, new hires are chosen with utmost care. The reputation of the company is to provide clients with one hundred percent correct information on any matter that they want investigated. Which of the following methods should it use to hire new employees?A) multiple hurdles approachB) compensatory approachC) contingent approachD) normative approach
Answer:
A. Multiple hurdles approach
Explanation:
Multiple hurdles approach is a selection strategy in which applicants are expected to pass each step in the selection process and failure at any step leads to disqualification. The multiple hurdle approach is an efficient method in candidates selection used in eliminating candidates not fit at various stages. The downside to this technique however is that it eliminates excellent candidates who doesn't excel in just one phase of the selection process.
Sonya and Amber work together in the Hong Kong corporate office. Despite having similar backgrounds and education, they cannot agree on whether it is appropriate to offer bribes to Chinese officials for the purpose of expediting business transactions. Which ethical generalization does this most likely illustrate?A) Individuals have their personal belief systems.
B) Culture has the strongest influence on personal ethics.
C) Personal values rarely overlap with global business dealings.
D) Society requires individuals to rationalize ethical inconsistencies.
Answer:
A) Individuals have their personal belief systems.
Explanation:
Sonya and Amber work together in the Hong Kong corporate office.
They had similar backgrounds and education but couldn't agree on whether it is appropriate to offer bribes to Chinese officials for the purpose of expediting business transactions.
This ethical generalization illustrates that individuals have their personal belief systems.
__________ refers to the location of the sport product, the point of origin for distributing the product, the geographic location of the target markets, and other channels that are important to consider regarding how target audiences may access the product.
Answer:
Place refers to the location of the sport product, the point of origin for distributing the product, the geographic location of the target markets, and other channels that are important to consider regarding how target audiences may access the product.
Explanation:
Place is simply a portion of space designated or available for or being used by someone.
Waterway Company uses a perpetual inventory system and made a purchase of merchandise on credit from Carla Vista Corporation on August 3, for $9200, terms 2/10, n/45. On August 10, Waterway makes the appropriate payment to Carla Vista. The entry on August 10 for Waterway Company is
Answer:
Dr Accounts Payable 9200 Cr Cash 9016 Cr Inventory 184
Explanation:
The payment terms of 2/10, n/45 mean that if paid within 10 days the company is entitled to a 2% discount. Otherwise full payment is required within 45 days.
Since we're settling the account within 10 days ( 7 days after purchase ) we are entitled to a 2% discount.
Originally the inventory was recorded at 9200 Dr and a Cr to Accounts payable of 9200.
The day the invetory is paid we will record the following (August 10)
Dr Accounts Payable $9200
Cr Cash/Bank $9016
Cr Inventory $184
Since we're using the perpetual inventory system the actual cost of inventory is 9016 and not 9200. Thus inventory is now recorded at 9016. The cast amount is the actual amount used to settle the account after the 2% discount was applied.
Answer:
the journal entries to record this transaction should be:
August 3, purchase merchandise on account terms 2/10, n/45
Dr Merchandise inventory 9,200
Cr Accounts payable 9,200
August 10, invoice is paid within discount period:
Dr Accounts payable 9,200
Cr Cash 9,016
Cr Purchase discounts 184
I recorded the transactions using the gross method, if you use the net method then the transaction should have been originally recorded with the sales discount (Dr Merchandise inventory 9,016, Cr Accounts payable 9,016).
The mission of the Securities and Exchange Commission (SEC) is to: a. PROTECT SHAREHOLDERS' RIGHTS BY MAKING SURE THAT STOCK MARKETS ARE RUN FAIRLY. b. PROTECT SHAREHOLDERS' RIGHTS BY MAKING SURE THAT STOCK MARKETS ARE RUN FAIRLY. c. ENSURE THAT INSTITUTIONAL INVESTORS DO NOT TAKE CONTROL OF COMPANY MANAGEMENT. d. Ensure that the federal treasury receives its share of the revenues from stock trading
Answer:
b. PROTECT SHAREHOLDERS' RIGHTS BY MAKING SURE THAT STOCK MARKETS ARE RUN FAIRLY
Explanation:
The U.S (SEC) securities and exchange commission is an independent agency of the American government and is responsible for enforcing the federal security laws and rules and regulated the industry. The SEC was created by the securities exchange act of 1934, mission as to protect the investors, maintain fair and orderly, and have an efficient market. Publishes quarterly and semi quarterly reports form the companies that are crucial for investors to make a sound decision when investing in the capital markets.Mark brainliest:)
17. Which of the following would be a reason why people save and invest?
A. To appear to be less well off than they really are
B. To buy day to day items
C. To prepare for retirement
D. To hide their money from the government
Answer:
c) to prepare for retirement
Explanation:
people save and invest so when they retire they don't have to worry about whether they have money for bills or other things
Greyon spinning Mills Inc. owns 600 spinning machines out of these, only 500 are used in a given year. Given this information, the utilization of spinning machines at Greyon Spinning Mills Inc. is ___. A.1 B.0.83 C.1.2 D.0.75
Answer:
B.0.83
Explanation:
Data provided in the question
Total machines Available = 600
Number of machines used in a given year = 500
So by considering the above information, the utilization of spinning machines is
Utilization = Resource used ÷Resource available
= 500 ÷ 600
= 0.83
By dividing the resources used with the resources available we can get the utilization and the same is applied
Benny, a supervisor, needs to assess Amanda's, a subordinate's, performance. He considers Amanda to be reliable and meets all his requirements, so he rates her as a good performer. But then Benny thinks about an exceptional employee, Christina, in his department, and decides that, compared with her, Amanda is just average. In this way, Benny's rating is a _____ error.
a. distributional.
b. contrast.
c. horns.
d. leniency.
e. halo.
Answer:
B. Contrast Error
Explanation:
Contrast error occurs during the performance evaluation of an employee, whereby the evaluation or appraisal of the employee is affected by the fact that the previous employees or co-workers were relatively good or bad. It is a rating error in evaluation of an individual, in which the level of performance of that individual or group is affected by the level of performance of another individual or group. In this case, Amanda was rated average by Benny because of how excellent Christina is. Amanda was set to get a higher performance rating Benny did not compare her performance to that of Christina.
If the group has been through a great deal of divisive and unproductive conflict to reach the first agreement, then the renegotiations do not have to specifically attend to changing and managing the conflict process.A. TrueB. False
Answer:
The correct answer is letter "B": False.
Explanation:
Renegotiations are carried out to attempt to settle an agreement between individuals or among participants of a team. It matters to identify what conflict-resolution processes were implemented during the first meeting so those approaches are avoided in the renegotiation. It is suitable to find new practices through which all the parties can deal with working towards the same objective.
Brand managers know that increasing promotional budgets eventually result in diminishing returns. The first one million dollars typically results in a 26% increase in awareness, while the second million results in adding another 18% and the third million in a 5% increase. Andrews’s product Awe currently has an awareness level of 80% . While an important product for Andrews, Awe promotion budget will be reduced to one million dollars for the upcoming year. Assuming that Awe loses one-third of its awareness each year, what will Awe awareness level be next year?
Answer:
The Expected Awareness level for the next year will be 58%
Explanation:
In order to calculate the Expected Awareness level, first we have to calculate opening awareness level using the following formula:
Opening awareness level=Closing level−Decrease in awareness per year
=80%−(1/3×80%)
=80%−26.4%
=53.6%
After having calculated the Opening awareness level we can calculate the Expected Awareness level for next year with the following formula:
Expected Awareness level=Opening awareness level+Increase in level
=53.6%+5%
=58%
The steepness of the demand curve is determined in part by the degree of substitutability between products. If buyers see products as good substitutes, demand will be______ . If buyers see products as poor substitutes, demand will be________.
Answer: Flatter; Steeper.
Explanation:
Elasticity affects the slope of the demand curve of a product. A greater slope implies a less elastic product and a steeper demand curve.
The steepness of the demand curve is typically determined by the degree of substitutability between the products. In cases where the buyers see the products as good substitutes, the demand will be flatter .
The flatter demand curve shows that there is a greater quantity demanded in response to a price change. When buyers see products as poor substitutes, the demand will be steeper.
Fill in the blank: The steepness of the demand curve is usually determined in part by the degree of substitutability between the products. Also, If buyers see products as good substitutes, demand will be FLATTER. Then If buyers see products as poor substitutes, demand will be STEEPER.
What is Elasticity demand?
When the Elasticity affects the slope of the demand curve of a product. A greater slope implies a less elastic product and a steeper demand curve.
When The steepness of the demand curve is determined to those degrees of substitutability between the products. In such cases where the buyers see the products nearly as good substitutes, the demand is going to be flatter.
According to the flatter demand curve shows that there's a greater quantity demanded in response to a price change. When buyers see products as poor substitutes, the demand is steeper.
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A business administrator in a school is determining how classes will be scheduled, which rooms will be allocated, and who will teach each subject in the curriculum. Which of the following management functions is illustrated in this scenario?
A) Planning
B) Organizing
C) Controlling
D) Leading
He is planning.
Organizing would be after everything is thought of and bought, and now just fixing everything the way they should be. Controlling and leading are both far after the admin would be thinking of things like this.
a former chef wants to start a business to supply temprary kitchen help (such as chefs, sauce cooks, bakers, and meat cutters) to resturants in need of staff during busy periods. prepare a one-page report explaining which section or sections of the business plan would be the most crucial to this new business and why.
The most crucial sections of the business plan for a business providing temporary kitchen staff are Market Analysis, Organization and Management, and Services. Market Analysis determines demand and competition, Organization and Management outlines business operations, and Services defines the roles offered.
Explanation:In starting a business that provides temporary kitchen help to restaurants, several sections of the business plan will be crucial, although all are important. The three most critical sections are Market Analysis, Organization and Management, and Services.
Market Analysis is vital because the former chef needs to understand the demand for temporary help in the restaurant industry. This involves studying potential competition and formulating strategies to stand out.
Organization and Management is crucial as it details how the business will run. This includes employee management, as the business revolves around supplying staff.
The third important section is Services. It's essential to outline the range of staff roles the business offers to prospective restaurants, such as chefs, sauce cooks, bakers, and meat cutters.
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A former chef starting a business to supply temporary kitchen help to restaurants should focus on the Market Analysis and Operational Plan sections of the business plan as the most crucial. These sections will clarify the demand for such services and detail how the business will meet that demand efficiently.
The Market Analysis section is pivotal to understanding the target market's size, trends, growth rate, and competition. It provides insight into the demand for temporary kitchen staff during peak times and guides pricing and marketing strategies. The Operational Plan outlines the day-to-day running of the business, addressing how temporary staff will be recruited, trained, and matched with client needs. It also covers the logistical challenges of deploying staff to different locations and ensuring quality and reliability, thus addressing critical success factors for a staffing service. Combining these sections gives a clear picture of both the opportunity in the market and the company's plan to capitalize on it, making them indispensable in the business plan.
Malcolm was involved in an auto accident. He was judged to be 20% at fault in the accident and the other party was judged to be 80% at fault. Malcolm’s actual damages were $40,000. Under a pure comparative negligence rule, how much will Malcolm receive for his injuries?
Answer:
Malcom will receive $32,000 for this injurires.
Explanation:
According the data Malcolm’s actual damages were in the accident were $40,000, and the other party was judged to be 80% at fault in the accident.
Therefore in order to calculate how much will Malcolm receive for his injuries, we have the make the following calculation:
$40,000 * 0.8 = $32,000
Hence, Malcom will receive $32,000 for this injurires.
Answer:
Malcolm would receive $32,00 for his injuries
Explanation:
The damages is $40,000 from which the beneficiary of the damages,Malcolm is to foot 20%,hence is expected to receive 80% of the damages from the judgement debtor.
The amount of cost that Malcolm would personally bear is $8000,(20%*$40,000) while receiving the balance of $32,000($40,000-$8000) from the other party,this is the sharing arrangement for damages under the comparative negligence rule as damages is meant to be awarded depending on the level of the beneficiary level of contributory negligence to the accident.
Which of the following equations is valid? Select one: a. Total surplus = Value to buyers - Amount paid by buyers b. Consumer surplus = Total surplus - Cost to sellers c. Total surplus = Amount received by sellers - Cost to sellers d. Producer surplus = Total surplus - Consumer surplus
Answer:
D. Producer Surplus = Total surplus - Consumer surplus
Explanation:
Total surplus is a term used to evaluate the economic welfare. The addition of the consumer surplus and producer surplus gives the Total surplus.
Producer surplus is obtained by subtracting economic cost from the market selling price. Consumer surplus refers to the difference between the willingness to pay and the market price.
Since Total surplus = Consumer surplus - Producer surplus, then Producer surplus can be obtained by subtracting Consumer surplus from Total surplus.
Jason, a personal care product manufacturer, incorporates customers' suggestions in designing a new line of safety razors for men. The new product is launched with thinner, finer blades. However, when the new razors reach the market, customers fail to notice any improvement in them. In the given scenario, the customers' reactions indicate that the new razor design has failed to register the _____.
A. mere exposure effect
B. mere association effect
C. just meaningful difference
D. just noticeable difference
Answer:
The answer is option (D) just noticeable difference.
Explanation:
Just noticeable difference (JND) is a term which describes the minimum difference or amount of difference that can be sensed, detectable or noticeable.
Although Jason's razors were made thinner and finer than used to be, they didn't grab the attention of users because the changes made on the razor were below the minimum difference or amount of difference that could be noticeable by users of the razors.
Government ownership in Sweden is limited primarily to railroads, mineral resources, a public bank, and liquor and tobacco operations. The government is also heavily involved in providing services such as medical care, child care, and transportation. Sweden exemplifies:
Answer:
The options are given below
a. socialism.
b. social capitalism.
c. democratic socialism.
d. capitalism.
The correct option is C. democratic socialism.
Explanation:
Democratic socialism refers to a political idea that supports political democracy within an economy that is socially owned. In this philosophy, emphasis in placed on workers' self-management and the democratic control of economic institutions within a market socialist economy or some form of a planned socialist economy in which power is decentralized.
Democratic socialists believe that both the economy and society should be run democratically, in order to meet the needs of the general public, and not to make profits for a selected few.
In Democratic Socialism, the aim is not to create an all-powerful government bureaucracy, the belief is that, social and economic decisions should be made by those whom they most affect.
Carlos is doing a VRIO analysis for a product his company is thinking about producing. The first question he asks is, "Does this new capability allow us to minimize the threat of the main competitor gaining more market share?" He decides the answer to this question is "yes." Which aspect of the VRIO analysis does this question answer?
Answer: value
Explanation:
VRIO is an internal analysis that is used to identify and evaluate the resources in a company. VRIO
is an acronym that stands for Value, Rareness, Imitability, Organization.
The VRIO Analysis is a technique for the evaluation of a company's resources to give the company competitive advantage.
Asking a question on whether a new capability reduces the threat of the main competitor enjoying more market share is part of value under the VRIO analysis.
This question answers the aspect of the VRIO analysis related to Value.
Explanation:This question is answering the aspect of the VRIO analysis related to Value. In a VRIO analysis, the question of whether a new capability allows a company to minimize the threat of competitors gaining more market share helps determine if the capability adds value to the company. If the answer is 'yes,' it suggests that the new capability is valuable and can provide a competitive advantage. Other aspects of VRIO analysis include Rarity, Imitability, and Organization.
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TrinkCan, a soda manufacturing company, produces around 50,000 cans of soda per day. The production system used by the company is very efficient, and it releases close to 3,000 cans per hour. Once the production system is turned on, it functions round the clock to seal and release cans until the machine is turned off. The production system of TrinkCan is an example of _____.
Answer: Continuous-flow manufacturing
Explanation:
Continuous-flow manufacturing, also known as the repetitive-flow manufacturing involves the move from one work unit at a time between every step of the process with no breaks in sequence, time, substance, or extent.
The aim of the continuous manufacturing flow is to manufacture a flow production to produce, manufacture, or process materials uninterrupted.
Answer:
A. Continuos flow production
Explanation:
Continuos-Flow production also called repetitive flow production is a production process technique in which products are moved from start to finish without stopping. In this scenario, the machine responsible for production functions round the clock to seal and release cans until the machine is turned off, hence why it is a continuous flow manufacturing system. In continous flow production process, optimization is achieved using minimum inventory.
For years Print and Copy, a copier machine supplier, enjoyed strong sales and a huge share of the copier market, far ahead of its nearest competitor. However, over the years, Print and Copy seldom asked customers for feedback. So when some of Print and Copy's competition responded to customers' needs and started offering copiers with new features (such as wireless printing from laptop and tablet computers), Print and Copy lost much of its market share. Print and Copy's system is best described as____________.A. open.B. entropicC. isolated.D. closed.E. internal.
Answer:
The answer, in this case,would be option D. given in the answer choice or closed.Explanation:
A closed system strategy basically signifies a confined and a non transparent business strategy which is characterized by a limited interaction between the concerned company or business organizations and its customers. Under the closed system, the companies or business organizations often stick to their traditional or conventional products and services and are usually not open or receptive to contemporary and recent market trends and patterns adopted by their competitors.In this case, Print and Copy mostly relies on their selling existing product lines which have traditionally yielded higher revenue and consolidated company's market share in the industry in comparison to its market competitors. It also doesn't depend much on product modification based on respective customer feedback and reviews to enhance customer satisfaction and market goodwill or reputation,thereby,exhibiting infrequent and limited business and customer interaction.