The process focus provides high flexibility but have a low utilization of equipment. A process-focused process is a manufacturing approach in which a business provides a variety of products to a particular market or consumer group.
It has the following characteristics:
There are many different processing activities involved in the production of a product.There are many different steps in the manufacturing process that are frequently connected in a non-linear fashion.It often necessitates the use of adaptable tools and equipment.There is a higher level of operational flexibility in a process-focused system than in a product-focused one.The advantages of a process-focused production system are as follows:
It enables a higher degree of operational flexibility and adaptation to changing consumer demands, thereby improving the company's responsiveness.It allows for the utilization of a wide range of equipment and technologies, resulting in a wider range of goods and services that can be produced.It may help to spread risk across a broad range of products and consumers by providing a variety of goods and services that are tailored to different market demands.Learn more about process-focused system here: https://brainly.com/question/30004982
#SPJ11
3. it takes the same amount of inventory to operate a single warehouse system as a four warehouse distribution network. true of false? explain your answer.
Operating a single warehouse system requires the same amount of inventory as a four-warehouse distribution network is false.
What is inventory?Raw materials used in production as well as finished products that are offered for sale are both included in the definition of inventory. Inventory is one of a company's most crucial assets because it is one of the main sources of income production and, as a result, a source of profits for the company's shareholders. There are three different categories i.e., finished commodities, work-in-progress, and raw materials constitute inventory. It appears as a current asset on the balance sheet of a business.
Inventory is a crucial asset for any business. It is described as the assortment of raw materials or completed products that a company maintains throughout the normal course of operations.
To know more about, inventory, visit :
https://brainly.com/question/13691036
#SPJ4
Explain the various ways that personal property can be acquired by means other than purchase.
Answer:
Personal property can also be acquired if it's given to you as a gift, by simply finding it and through "accession."
Explanation:
Personal properties may be acquired not only by means of purchase. One way is when a person (donor) gives the property to another person (donee) as a gift. The donor may deliver the gift personally and the donee should accept the gift.
Another way is by simply finding the property. This should satisfy the fact that no one is claiming the property found other than the finder–provided that the finder is "NOT" a trespasser. The property found shouldn't be located inside a private property.
An example of "accession" is: when a person's pet dog gives birth to puppies, the puppies are immediate personal property of the owner.
Select the correct answer.
Which management function is also a financial responsibility?
A. lanning
B. organizing
C. staffing
D. coordinating
E. controlling
Answer:
The answer is...
planning
During planning, you use financial responsibility. Financial responsibility refers to the process of managing money and other similar assets in a way that is considered productive and is also in the best interest of the individual, or the family, or the business company.
Mark me brainliest if this helps.
The planning is the management function, which is also a financial responsibility.
What is a management function?Management functions mean the five broad activities that managers perform to achieve organizational goals: planning, organizing, staffing, directing, and controlling.
The first and the most important function of management is planning. Planning involves setting objectives in advance, a goal which is to be achieved within a stipulated time. Various alternatives are formulated in order to achieve the goals.
Thus, Option A is true as planning is the management function, which is also a financial responsibility.
Learn more about Management functions here,
https://brainly.com/question/15351742
#SPJ2
Select choices which are true about Average Fixed Costs. (Select all that apply.) a. Total Fixed Cost divided by Quantity b. (change in Total Cost) divided by (change in Quantity) c. always vertical d. Average Total Cost minus Average Variable Cost e. always horizontal f. always decreases as Quantity increases
The choices which are true about Average Fixed Costs are a, c, e, and f.
correct choices that are true about Average Fixed Costs are:
a. Total Fixed Cost divided by Quantity: Average Fixed Costs (AFC) are calculated by dividing the Total Fixed Cost (TFC) by the Quantity of output produced. This is the correct formula to calculate AFC, and it represents the fixed cost per unit of output.
c. Always vertical: AFC is always represented by a vertical line on a graph, as it remains constant regardless of the level of output. This is because fixed costs do not change with changes in quantity.
e. Always horizontal: AFC remains constant and does not change with changes in quantity, which means that the AFC curve is always a horizontal line on a graph.
f. Always decreases as Quantity increases: This statement is true. Since AFC remains constant while the quantity of output increases, the AFC per unit of output decreases. This is because the fixed costs are spread over a larger quantity of output, resulting in a decrease in AFC as quantity increases.
So, the correct choices that are true about Average Fixed Costs are a, c, e, and f.
To know more about Average Fixed Costs click here:
brainly.com/question/20743510
#SPJ11
Cabela's stores are as much natural history museums for outdoor enthusiasts as they are retail outlets. This information indicates that Cabela's is practicing ________.
Answer:
Cabela's stores are as much natural history museums for outdoor enthusiasts as they are retail outlets. This information indicates that Cabela's is practicing
experiential retailing.
You manage a large, high-end jewelry store with an international clientele. Your workforce of 150 is demographically diverse, and your employees are trustworthy as a rule. However, you have experienced some unexplained loss of inventory and suspect a couple of employees are stealing valuable pieces, removing them from backroom storage safes and handing them off to another person somewhere in the store who leaves with them or to a third person pretending to be a customer. To prevent this, your assistant managers are urging you to place discreet cameras in the restrooms and break rooms, where these exchanges are likely occurring. Some managers might be concerned about using cameras at all due to privacy issues; others might want to use them without notifying employees or putting up signs because they do not want to tip off the suspects or deal with the negative reaction of the workforce (although that brings up invasion of privacy issues). You are weighing the pros of catching the thieves against the possible loss of other employees’ trust.
The ethical dilemma in this scenario involves weighing the pros and cons of using discreet cameras in the restrooms and break rooms to prevent employee theft versus the possible loss of trust from employees, invasion of privacy issues, and negative reactions from the workforce.
On the one hand, placing cameras in the restrooms and break rooms could help catch the suspects who are stealing valuable pieces of jewelry from the store. This could prevent future losses of inventory and protect the store's profits. However, on the other hand, using cameras without notifying employees or putting up signs could be viewed as an invasion of privacy and breach of trust.
It could also damage the morale of other employees who feel that their privacy is being violated, which could ultimately lead to higher employee turnover and loss of talent. Therefore, it is essential to carefully consider the potential consequences of using cameras before making a decision.
It is recommended that the manager involve their employees in the decision-making process to increase transparency and trust. They could also consider alternative solutions such as improving the security of the storage safes, hiring a security guard to monitor the restrooms and break rooms, or conducting random bag checks of employees before they leave the store.
These alternatives could be less intrusive and could help prevent employee theft while also maintaining trust with employees.
To know more about ethical dilemma visit:
https://brainly.com/question/26273329
#SPJ11
explain advertisement
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
The definition of economics states that it is the study of how _________. A. businesses make decisions and how those decisions impact other firms, the government, and consumers. B. the government determines policies, businesses set prices, and consumers choose how much to buy. C. agents choose to allocate scarce resources and the impact of those choices on society. D. money influences the economy in the short run and the long run.
Answer:
C
Explanation:
Agents choose to allocate scarce resources and tge impact of those choices in society
When the stock market as a whole is rising in value then it is referred to as a bear market. True or false?
Answer: False
Explanation: A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.
Which best describes a tsunami?
large powerful wave caused by an earthquake
when the waves hit the shore at an angle and transport sand
alternating rise and fall of the ocean
an irregular climate event caused by ocean currents in the Pacific Ocean
Answer:
A. a large powerful wave caused by an earthquake
Explanation:
A tsunami is a series of extremely long waves caused by a large and sudden displacement of the ocean, usually the result of an earthquake below or near the ocean floor. This force creates waves that radiate outward in all directions away from their source, sometimes crossing entire ocean basins.
A tsunami is best described as a large powerful wave caused by an earthquake.
What is a tsunami?Tsunamis are usually caused by earthquakes or volcanic eruptions. A tsunami is when there is a powerful wave that orgingates from a water body It causes displacement of a large body of water.
Effects of a tsunami includes:
floods wave impact on structures erosionTo learn more about tsunamis, please check: https://brainly.com/question/19570571
true or false: to find the discharge summary note from a patient's past hospital stay (not the current stay), open the chart review activity and select the notes tab.
True or False: To find the discharge summary note from a patient's past hospital stay (not the current stay), open the chart review activity and select the notes tab.The given statement is true and it states the method to find the discharge summary note from a patient's past hospital stay.
The discharge summary is a medical report that contains information about the patient's hospital stay. It is usually completed at the end of the stay by the attending physician. A discharge summary contains a detailed description of the diagnosis, procedures, treatment plans, and medications.The discharge summary provides an overview of the patient's medical history and treatment. It is a crucial document that helps healthcare providers understand the patient's medical history and provide better care.
To find the discharge summary note from a patient's past hospital stay (not the current stay), open the chart review activity and select the notes tab.The notes tab in the chart review activity provides access to the notes section of the patient's medical record. Here, you can find all the notes related to the patient's medical history.
To find the discharge summary note from a patient's past hospital stay, you need to select the notes tab and then search for the note that corresponds to the patient's past hospital stay. In this way, you can access the discharge summary note from the patient's past hospital stay.
To know about diagnosis visit:
https://brainly.com/question/32679663
#SPJ11
how is marine insurance different from automobile insurance
Answer: There are many factors, but the most noticeable ones are differences in the ability to suspend coverage, “agreed value”, and navigational limits.
Random variations represent either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes and income shifts.
Answer:
FALSE
Explanation:
THIS IS THE COMPLETE QUESTION
Trends representing either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes, and income shifts are a component of a time series called "Random Variations"
Random Variation can be regarded as
tendency of an estimated size/ value of a parameter to undergo deviation randomly away from the real/ true magnitude/ value of the parameter.
which group of consumers in the united states has an increasing influence on mainstream u.s. culture with buying power that was projected to reach $1.3 trillion in 2022?
The group of consumers in the United States with an increasing influence on mainstream U.S. culture with buying power that was projected to reach $1.3 trillion in 2022 is the Hispanic or Latinx population.
The Hispanic or Latinx population is the fastest growing demographic group in the United States, and has a significant impact on U.S. culture, media, and consumer trends. This group has a large and growing influence on the U.S. economy, with a buying power that is projected to reach $1.3 trillion in 2022, up from $902 billion in 2015. Companies and marketers are taking notice of this trend and are making efforts to target this group with culturally-relevant products and advertising. The influence of the Hispanic or Latinx population on U.S. culture is expected to continue to grow in the coming years, making it an important market segment for businesses to target.
To learn more about buying power please click on below link.
https://brainly.com/question/2025993
#SPJ4
it is possible for everyone to be better off (in absolute terms) even though the income distribution has become more unequal. True or false?
It is possible for everyone to be better off (in absolute terms) even though the income distribution has become more unequal. This is because income inequality does not necessarily equate to poverty and lack of access to basic needs. TRUE statement.
In fact, as economies grow and become more productive, even the lowest income earners may experience an increase in their absolute income. This is evident in many developing countries where income inequality has increased alongside economic growth.
However, it is important to note that income inequality can have negative effects on overall economic growth and social cohesion. Therefore, while it is possible for everyone to be better off in absolute terms despite income inequality, it is still important to address and mitigate the negative effects of income inequality in order to promote a fair and inclusive society.
In conclusion, the statement that everyone can be better off (in absolute terms) even though income inequality has increased can be true in certain circumstances, but it is important to consider the broader implications of income inequality on social and economic well-being. Thus, the given is TRUE statement.
Know more about the economic well-being
https://brainly.com/question/30327184
#SPJ11
State any five reasons why an entrepreneur may carryout Market survey.
Answer:
to know what the other people are interested in, for example they do a survey to see how much of each product they need and the popularity of how many people like the stuff, those are 2 reasons, quantity and I would say popularity 3: get the people to know that enreprenuer cares 4 and five just think about it, I cant really think of anymore
Explanation:
Answer: Whether you are thinking of venturing into a new market or launching a new product, conducting a marketing assessment is the crucial first step in determining if there is a need or a potential customer base for your product. Why is market research important for new business ideas? Market research should never be underestimated. Many successful new businesses enjoy longevity because their owners conduct regular market research to understand their target market, identify consumer problems and pinpoint realistic competitors. Determine key market factors: Cost, Consumer Demographics, Challenges, Opportunities. ... These factors will help you determine how you will need to market to consumers, face your competition, and develop your overall business plan.
Hope this helps....... Stay safe and have a Merry Christmas!!!!!!!! :D
Explanation:
A decrease in the supply of money with no change in demand for money will lead to a(n) _____ in the equilibrium quantity of money and a _____ in the equilibrium interest rate.
Answer:
a decrease; an increase
A decrease in the supply of money with no change in demand for money will lead to a decrease in the equilibrium quantity of money and an increase in the equilibrium interest rate. Thus, option C is correct.
What is equilibrium?Equilibrium is the set of economic factors like price and quantity that the market is driven by, and the fluctuation in the market happens because of that. It determines the standard basis of the demand and supply in the market economy.
It is crucial to find an equilibrium as it is the defining part of the break-even point of the business.
As the money supply decreases, the demand for the commodity will also decrease, which will lead to an increase in the equilibrium of interest rate as people will have less money to spend. Therefore, option C is the correct option.
Learn more about equilibrium, here:
https://brainly.com/question/13463225
#SPJ2
The question is incomplete, the options are:
a) no change; an increase
b) no change; a decrease
c) a decrease; an increase
d) an increase; a decrease
match each type of area with the correct level of housing prices?
URBAN
EXURBAN
SUBURBAN
LOW HOUSING PRICES
MEDIUM HOUSING PRICES
HIGH HOUSING PRICES
Answer and Explanation:
The matching of the area with the level of housing prices is as follows
Urban = High housing prices
As urban refers to that area in which there is a large population so of course the prices of the houses are high
Exurban = Low housing prices
The exurban is located in the rural areas in which there are less populations as compared to sub
Suburban = Medium housing prices
In this the population is more than the exurban
What happens if The People do not know what they want, or are just plain ignorant?
Answer:
Then, like civilizations before, we will descend into chaos and death where the only food is other people and war will ravage our already-dying planet, eventually the human race will die off as it should, because we are the virus plaguing our once-beautiful planet.
Explanation:
Or the government will just decide for us.
what is inflation? an increase in the overall price level an increase in the overall level of economic activity an increase in the amount of money in circulation a decrease in the overall price level which of the following scenarios provides the best evidence that inflation has occurred? a person whose salary has decreased can purchase fewer goods and services. a person whose salary has increased can purchase fewer goods and services. a person whose salary has remained the same can purchase more goods and services. a person whose salary has decreased can purchase more goods and services. a person whose salary has increased can purchase more goods and services.
Inflation is the general increase in the price level of goods and services over time, resulting in a decrease in the purchasing power of money. It is often measured by calculating the percentage change in the price index, which tracks the prices of a basket of goods and services.
The correct answer to the second question is "a person whose salary has remained the same can purchase fewer goods and services." This scenario provides evidence of inflation because, over time, the cost of goods and services has increased, while the purchasing power of the individual's salary has remained the same. This means that the individual can purchase fewer goods and services with the same amount of money.
The other options are incorrect because they do not demonstrate evidence of inflation. If a person's salary has decreased, it could be due to a variety of factors, such as changes in the labor market or the specific circumstances of the individual's job. Similarly, if a person's salary has increased, it may be due to factors unrelated to inflation, such as a promotion or improved job performance.
In summary, inflation is an increase in the general price level of goods and services, resulting in a decrease in the purchasing power of money. Evidence of inflation can be seen when a person's salary remains the same, but they can purchase fewer goods and services over time due to the increase in prices.
to learn more about Inflation visit- https://brainly.com/question/850547
#SPJ11
I need some help with my business assignment, I am not sure what else to add.
How can technology trends affect a pharmacy business (please don't add drugs I am only doing medications)
Give me few words
AI can analyze big data sets and find patterns. Digital transformation investment will reach $2.8 trillion in 2025.
This is further explained below.
What are technology trends?Generally, Technology trends might reveal new markets, products, and approaches that could offer you an edge over your online competitors.
In conclusion, Artificial intelligence, for instance, is able to analyze enormous volumes of data and identify links and patterns in the data. The amount of money spent on digital transformation technologies throughout the world is expected to reach $2.8 trillion by the year 2025.
Read more about technology trends
at https://brainly.com/question/15609699
#SPJ1
Why very few subsistence economies exist today
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
Customers must register before being allowed to order wine over the Internet so that legal age can be established. You know that the module to verify registration must be written and tested using data from Grapevine's existing database. This new module cannot be tested until the data from the existing system is loaded. You are going to hire a vendor to perform the programming and testing tasks for this module to help speed up the project schedule. Since they'll have access to your customer list and potentially other trade secrets, you'll asked them to sign a nondisclosure agreement. This is an example of which of the following?
A. Procurement documents
B. Standard form
C. Organizational process asset
D. Fixed cost contract
Answer:
D. Fixed cost contract
Explanation:
the most common retrospective reimbursement method is fee-for-service. group of answer choices true false
The statement is "true." The most common retrospective reimbursement method is fee-for-service.
Fee-for-service is indeed the most common retrospective reimbursement method in healthcare. Retrospective reimbursement refers to the payment system where providers are reimbursed based on the services they have rendered to patients.
In a fee-for-service reimbursement model, healthcare providers receive payment for each specific service or procedure they deliver to patients. The reimbursement amount is typically determined by a pre-set fee schedule or a negotiated rate between the provider and the payer, such as an insurance company or government program.
This reimbursement method has been prevalent in healthcare for many years. It allows providers to bill and be paid for each individual service provided, allowing for flexibility in determining the payment amount based on the complexity and quantity of services rendered. Fee-for-service reimbursement is commonly used in various healthcare settings, including hospitals, clinics, and private practices.
However, it's worth noting that healthcare reimbursement models have been evolving in recent years, with an increased emphasis on value-based care and alternative payment models. These models focus on quality, outcomes, and cost-effectiveness, aiming to shift away from the volume-based fee-for-service approach. Nonetheless, fee-for-service remains the most widely used retrospective reimbursement method in healthcare.
Learn more about reimbursement here: https://brainly.com/question/33215161
#SPJ11
what traits should i have to become a model?
Answer:
Self worth, positivity, self esteem, respectfulness
Explanation:
Answer:
a good body, attractive, confidence
The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is:.
The record of accrued vacation privileges in Journal entry will includes a Debit of Cash& Interest Expense and Credit of Notes Payable
What is a Journal entry?The Journal entry helps to record all basic financial transaction.
In conclusion, the record of accrued vacation privileges in Journal entry will includes a Debit of Cash& Interest Expense and Credit of Notes Payable
Read more about Journal entry
brainly.com/question/14279491
In a major metropolitan area, there are many coffee shops, but one chain has gained a large market share because customers feel its coffee tastes better than its competitors'. There are dozens of pasta producers that sell pasta to hundreds of Italian restaurants nationwide. The restaurant owners buy from the cheapest pasta producer they can. While pasta manufacturers must pay licensing fees to their local government and undergo regular food-safety inspections, anyone who has passed inspections can acquire and maintain their license. Only three airlines fly from San Francisco to Medford, Oregon. No new airline will enter this market, because there are not enough customers to share among four or more airlines without each one experiencing substantially higher average costs. Consumers view all airlines as providing basically the same service and will shop around for the lowest price. The government has granted a patent to a drug company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.
How many firms? One, Many or Few
Type of product? Unique, Anything, Standardized, or Differentiated
Market Value? Perfect competition, oligopoly, monopolistic competition or monopoly
Answer:
In a major metropolitan area, there are many coffee shops, but one chain has gained a large market share because customers feel its coffee tastes better than its competitors'. - Differentiated product. Monopolistic competition.
The product is differentiated because it is not a perfect substitute for its competitors, since it is seen as being of higher quality than the rest.
The market structure is monopolistic competition because while there are many firms in the market, they do not sell prefect substitutes, and as a result, the market is sensitive to the rise of one of the companies.
There are dozens of pasta producers that sell pasta to hundreds of Italian restaurants nationwide. The restaurant owners buy from the cheapest pasta producer they can. While pasta manufacturers must pay licensing fees to their local government and undergo regular food-safety inspections, anyone who has passed inspections can acquire and maintain their license. - Standardized. Perfect Competition.
The pasta producers sell a product that is a perfect substitute, that is why restaurant buy whichever pasta is the cheapest.
The market value is reached in Perfect Competition because there are many firms in the market, the products are perfect substitutes, and few if any barriers to entry and exit.
Only three airlines fly from San Francisco to Medford, Oregon. No new airline will enter this market, because there are not enough customers to share among four or more airlines without each one experiencing substantially higher average costs. Consumers view all airlines as providing basically the same service and will shop around for the lowest price. - Standarized. Oligpology.
The product is standarized because it essentially has the same qualities, and consumers view all airlines as providing basically the same service.
The market structure is oligopoly because the market only has three firms, and no new firms can enter the market (barriers to entry).
The government has granted a patent to a drug company for an experimental AIDS drug. That company is the only firm permitted to sell the drug. - Unique. Monopoly.
The product is an unique type of drug, that is why it was granted a patent.
The market structure is a monopoly because only one firm sells a product that does not have any substitutes.
Coffee shop chain - Many businesses cater to the market's wants and needs. This is a distinctive item because customers believe it tastes much better than competing brands.
There is a monopolistic competition going on here.
The white stockings company is one of many that produce the same product. Because each business generates the same homogeneous result, it is a standardized product.
Taxi businesses - There are just a few, if not two, taxi services on the market. Their product is anything that is homogeneous and that the clients do not distinguish.
Patented medicine - the market is monopolized since only one company operates in it. In the marketplace, there is just one seller.
Learn more:
https://brainly.com/question/19709926?referrer=searchResults
In 2013, the Oakland A's were one of the hottest teams in baseball. They were regularly drawing "sellout" crowds, with many more fans wanting tickets. However, the A's did not sell all of the 56,000 seats. The A's removed or put tarps over roughly 20,000 seats in most of the third deck and the outfield stands. The A's management said that the reason was to create a more intimate feeling for the fans. What's another explanation? The A's removed or put tarps over roughly 20,000 seats to
Answer:
The other reason was to limit the number of special seats to charge a higher price for them.
Explanation:
Oakland A's knows that it has a large number of dedicated fans and that they are thirsty for tickets to watch the games, as these tickets are in high demand. In this case, when Oakland A's puts tarps or removes only on 20,000 seats and claims that it is to promote a more intimate experience for fans, it is because it knows that fans will want to occupy these special places, no matter what price they need to pay. In this case, we can say that a probable reason for the existence of these 20,000 unavailable seats is to increase the profit from ticket sales, by charging a higher price for the available seats.
division A has variable manufacturing costs of 52 per unit and fixed costs of 12 per unit assuming that division a is operating at capacity what is the opportunity cost of an internal transfer when the market price is 78?
Opportunity cost is the value of the best alternative that must be foregone to undertake a particular activity or a choice.
In this case, Division A has variable manufacturing costs of $52 per unit and fixed costs of $12 per unit. Assuming that Division A is operating at capacity, the opportunity cost of an internal transfer when the market price is $78 is $52, which is the variable manufacturing cost.
Therefore, if Division A transfers the product internally, it will have to forego the opportunity to sell it in the market at a price of $78. The opportunity cost is the foregone profit from selling the product in the market, which is $26 ($78 market price - $52 variable cost per unit), but since Division A is operating at full capacity, the company will have to forgo the variable cost of producing another unit, which is $52.
Hence, the opportunity cost of internal transfer is $52.
To know more about Opportunity Cost visit:
https://brainly.com/question/30737985
#SPJ11
A business that buys goods from producers and sells them to retailers is callled:_________