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astra-53 [7]
2 years ago
5

Since Henry Ford first adapted the conveyor belts of grain factories to create an assembly line, there have been several modific

ations of that basic concept, each of which has made it possible for today’s manufacturers to produce goods from spaceships to cotton balls. Identify four significant new manufacturing process that rely on new technologies and the manufacturing subsectors they affect, and discuss at least one specific application in manufacturing for each technology.
Business
1 answer:
borishaifa [10]2 years ago
4 0

Four new manufacturing processes include 3D printing, smart factory, IIoT, and virtual reality, these technologies have a positive impact in diverse sectors and are used for manufacturing

During the last years, the development of technology has produced different objects such as smart appliances, smartphones, smart cars that have changed people's lives.

These technological improvements have also revolutionized the way of manufacturing different objects because they have improved the design, production, and marketing processes of the products. Several developments that have contributed to the industry are:

3D printing: It is a development that allows manufacturing objects or parts in different materials derived from petroleum.

  • This technological advance affects the parts manufacturing sector in different ways
  • In a toy factory, this development allows creating the parts of the toys much easier and more efficient

Smart factory: It is a technological development that allows improving the manufacture of objects through the use of digitized and connected machines to improve the production process.

  • This technological advance affects all manufacturing subsectors because it integrates all processes.
  • In a car factory, this development allows the assembly of a car to be done automatically and efficiently

Industrial internet of things (IIoT): It is a technological development that allows improving the manufacture of objects through the use of digital devices that work with artificial intelligence that perform a process and also analyze data to make productivity improvements.

  • This technological advance affects all manufacturing subsectors because it integrates all production processes.
  • In a food factory, this development allows production, packaging, sealing, and other processes to be carried out completely in the best way.

Virtual reality: It is a technological development that allows improving the manufacture of objects through the use of simulations that allows us to know previously how the performance of an object will be.

  • This technological advance affects the design and quality control process to evaluate the functionality of the manufactured object.
  • In a high-end bicycle factory, it allows knowing the performance of the materials in different types of roads, climatic conditions, and situations.

Learn more in: brainly.com/question/15689921

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Define cultural intelligence<br>How important is it terms of doing business globulty
Alex17521 [72]
Cultural Intelligence can be described as the capability of a person to relate and communicate to different cultures including his own. This can be very important in terms of doing global business involving different cultures. This intelligence can be used to analyze other cultural techniques and easily relate to them. 
4 0
3 years ago
In business markets, individuals or groups purchase products for one of three purposes. These purposes areA) resale, wholesale,
Elanso [62]

Answer:

D). Resale, Direct Use in Producing Other Products and Use in General Daily Operations

Explanation:

Business Groups represent a group of people who purchase goods and services for resell, new products and daily operations purposes.

Resale Purpose- This include wholesalers and retailers, they purchase these goods and services do not modify them but sell them in order to make profits. These are called Reseller markets

Use in Producing other Products- This include category of Producer markets. They include manufacturing and construction compaines, they buy goods and services for use in producing sellable products to consumers for profit making.

Direct use in General Daily Operations- Those who purchase goods and services for direct use are divided into two categories and they are not for profit making purposes.

  • Government Markets- They buy goods and services through bidding processes and they include state, local and federal governments
  • Institutional Markets- They include religious organisations among other NGOs who purchase goods an services to ensure community benefits.

Read more on Brainly.com - brainly.com/question/14212640#readmore

5 0
3 years ago
D) Identify and explain two reasons why accurate market research<br> information should be accurate
bazaltina [42]

Answer:

When businesses are deciding how to develop their products and services, they undertake market research. Market research can either be done by the company itself or taken from elsewhere. Having reliable market research data is essential. Basing decisions on unreliable research can be very costly to a business. For research to be reliable, it must have a high level of validity. This means that the facts and evidence gathered are accurate.

Two reasons why market research should be accurate:

Business Risks: Regular market research will be your way to check in with your current customers and potential customers to ensure that you’re still meeting their needs. If it is accurate business risks are reduced but if inaccurate, it could lead to the crash of your business.

Decision-making: The need for and importance of marketing research frequently comes up when making tough business decisions. Instead of having arbitrary criteria for the decisions you make as a business owner, you can always go back to your market research report. Based on that report, will this decision lead to more customers? Will you be able to reach more people who are likely to buy from you? Will it be clear to them that your business can meet their needs? With an accurate market research, the business can make properly informed decisions but with inaccurate market research, the business will be making unwise decisions

8 0
2 years ago
You just won the lottery. Congratulations! The jackpot is $85,000,000, paid in 10 equal annual payments. The first payment on th
Ray Of Light [21]

Answer:

$65,076,885.59

Explanation:

We use the Present value formula that is shown in the spreadsheet attachment

Given that,  

Future value = $0

Rate of interest = 6.5%

NPER = 10 years

PMT = $85,000,000 ÷ 10 annual payments = $8,500,000

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the  present value is $65,076,885.59

7 0
3 years ago
Which statement best explains the law of demand?
Dvinal [7]

Answer:

The quantity demanded by consumers decreases as prices rise, then increases as prices fall.

Explanation:

Demand refers to the quantity of products and services that consumers are willing and able to buys at a specific price.  A customer must afford to pay and is ready to buy the product or service for it to be considered to be in demand.

According to the law of demand, there is an inverse relationship between demand and the price of a product.  Should the price increase, demand moves in the opposite direction. A decrease in price will lead to a rise in demand. Customers will afford a larger quantity than before. Potential customers who could not afford the product can now buy it, thereby increasing demand.

7 0
2 years ago
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