The importance of foreign employment are: 1) Country can get lots of foreign currency as the remittance which can be used to establish industries in the country. Such industries provide job opportunities in the country. ... 3) Foreign employment reduces the unemployment problem of a country.
Based on the survey data, what can be concluded about the market for coffee shops in the area?
Saturation has been reached.
According to the survey data, which business likely has the least supply in this town?
Shoe stores
Product life cycle is important for a business to focus on the introduction stage then the growth stage because the products to gain distribution as the product is initially new in the market. The quality of product is not assured and the price of the product will also determine as low or high.
Explanation:
- The cost is going to be on a higher side.
- The sales will be slow since there is no awareness of the product.
- There might be little or no competition in the market.
- You make very little money of the product sold.
- Customer are to prompted to take initiate into the product.
- Demand has to be created.
- Marketing cost at the highest level because of recognition.
- Profit is received from product is very minimal.
- First impression is the last impression that impression is created
- In the introduction of the product.
Answer:
D) All of the above statements are true.
Explanation:
A. In a make-to-order environment, the forecasts tend to be for groups of products.
Make to order products are manufactured following the client's specifications. This type of product are not made one at a time, but are made in batches, e.g. 10,000 units of a certain door model.
B. If the lead time to buy raw materials is long, the forecasts go farther out into the future.
If you know that it takes longer to purchase raw materials or any other type of material, you must forecast the amount of material you will need for longer periods of time.
C. In a make-to-stock environment, forecasts tend to be more detailed and can get down to specific individual products.
Make to stock purchases are done to match your expected sales volumes, so if you estimate your sales of product Y to be 200 units, then you will forecast the purchase of 200 units of that product.
