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allsm [11]
2 years ago
8

The reason for a(n) ____ inventory strategy is to minimize tying up large sums of money for long periods of time and, in additio

n, to reduce the cost associated with inventory management.
Business
1 answer:
Sav [38]2 years ago
5 0

The reason for a <u>just-in-time</u> inventory strategy is to minimize tying up large sums of money for long periods of time and, in addition, to reduce the cost associated with inventory management.

inventory management enables agencies to discover which and what kind of inventory to order at what time. It tracks stock from buy to the sale of products. The exercise identifies and responds to tendencies to ensure there may be constantly sufficient inventory to satisfy patron orders and the right caution of a shortage.

Discipline inventory management generally known as stock management is the feature of know-how of the stock mix of a corporation and the exclusive demands on that inventory.

The three maximum popular inventory management strategies are the frenzy method, the pull approach, and the simply-in-time technique. these techniques offer businesses distinct pathways to assembly consumers call for.

Learn more about inventory management here brainly.com/question/13439318

#SPJ4

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Businesses that strongly focus on customer satisfaction tend to: a. be less successful as there is deterioration in the quality
Brut [27]

Answer:

c. transform their current customers into loyal advocates for themselves

Explanation:

Customer satisfaction is the utmost priority of the company.  By satisfaction its customers, the company could accomplish its set targets due to which is able to take the competitive advantage so that it could easy for the company for achieving its goals and objectives

The customer satisfaction with the company products when he or she feels that he or she invested the right amount at the right place  

So, the company aims to convert its current customers to permanent customers or current customers into loyal advocates

4 0
3 years ago
Which of the above diagrams illustrates the effect of an increase in automobile worker wages on the market for automobiles?
ziro4ka [17]
Considering the diagrams (file:///C:/Users/Administrator/Desktop/image...1.webp).
The answer is D only.
The diagram shows a shift in the supply curve. Changes in production cost and related factors can cause an entire supply curve to shift right or left. This in turn causes a higher or lower quantity to be supplied at a given price. Additionally, if the cost of resources used to produce  a good increases, sellers  or suppliers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left. Those factors that increase production efficiency such as technology advances, shifts the  supply curve to the right.
7 0
3 years ago
One of the main implications of the four-drive theory is that: employers should give all employees the same employee benefits. e
Vitek1552 [10]

Answer: Employers should offer employees enough opportunity to keep each of their drives in balance.

Explanation:

The Four-Drive Theory is a way of improving Employee motivation through more ways than just financial incentives. It is believed that all four factors are very integral in the motivation of employees and so managers would do well to implement them to get the best out of their employees.

The Four drives are, <em>Acquire and Achieve</em>, <em>Bond and Belong</em>, <em>Create and Challenge</em> and <em>Define and Defend</em>.

A key recommendation by the proponents of this theory is that Managers should not give their employees too little or too much opportunity to follow each drive but rather give them enough opportunity that they keep each drive balanced with the others.

3 0
4 years ago
hich of the following is not one of the assumptions of the basic EOQ model? Annual demand requirements are known. Lead time does
Tatiana [17]

Answer:

Quantity discounts are available

Explanation:

The Economic Order Quantity model is a model that helps define an order quantity of inventory with minimum costs. It is a model that serves as a base for order calculations because it bases itself on calculating without any variables where everything is constant. With that in mind, everything will be the same. The demand will be the same. Delivery Time will be the same. And, to answer the question, the unit price will also be the same no matter the volume ordered aka there is no discount available.  

3 0
3 years ago
Prepare Journal Entries in a Purchases Journal
kenny6666 [7]

Answer:

Explanation:

DATE Account AccountsPayable OfficeSupplies OtherAccounts

         Credited         credit                   debit                  debit

Apr. 4  Officemate    $620                 $610                 no entry

Apr. 9  Tek Village    $2,460                                       $2,460

Apr. 16Officemate     $170                   $170                  no entry

Apr. 19  Paper to Go $250                 $250                 no entry

Apr. 30 Total          $3,500                 $1050                $2,460

b. Total amount posted / credited to accounts payable=  $( 620+2,460 + $170 + 250) = $3500

Total amount from and debited from Office supplies = $(610 + 170+ 250) = $1050

What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?

$ __170____ ie $ 610 + 170 - 610( because invoice on April 4th was paid on April 27th.

8 0
4 years ago
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