Answer:
c. Plans for new manufacturing lines to meet potential demand
Explanation:
A new product strategy refers to industrial plans for new manufacturing lines that aim to meet potential demand.
These new products aim to satisfy old consumers, with upgrades to their favorite products, or to attract new consumers, through a new manufacturing segment that can even leave the niche that the company is part of.
This is a way for the company to diversify its product offer or meet a rising demand, thus creating greater and complete revenue.
Answer: A. Debit card
<span>Among Debit card, Credit card, Cash advance and Payday Loan, a debit card typically has the lowest fees or cost to use. </span>A debit card is a plastic payment card used<span> instead of cash when making purchases. Unlike in a credit </span>card<span>, the money comes directly from the user's bank account when performing a transaction. </span>
Credit cards, cash advance and a payday loan are the same in the sense that they extend a line of credit to their users. Users are then charged with an interest higher than the fee charged in using debit cards. <span>
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Answer:
The equivalent units of production for materials during the period is 32,250 units.
Explanation:
Using first-in, first-out
Units Started and completed are the units received from the previous department - ending
34,500- 4,500=30,000
Units in production for materials
Beginning WIP 0 ( the whole materials were added at the previous period)
Started and completed 30,000
Ending WIP 2,250 (4,500 x 0,50) (50% complete as to materials)
Total materials 32,250
Answer:
B. Flattened management hierarchies.
Explanation:
In this scenario, the line workers at a Virginia steel mill developed a new process that made the line safer. The process went through only one level of management before it was approved by the vice president of operations. Hence, this is an example of a flattened management hierarchies.
A flattened management hierarchy can be defined as an organizational structure which eliminates a middle manager and allows the employees to be involved directly with the decision-making process.
Hence, by the removal of the middle management in an organization, the flattened management hierarchy creates a direct relationship between employees and the top executives of the company; thus, giving room for innovation and actions by employees in the decision-making process.
<span>The private plots were more productive
In collective farms, the land and the operations are mostly owned by the states.
This situation created lack of competition, which demotivates the farm's operators to increase the quality of the farms.
This will lead to private plots gaining more incentives to create a better output from their farms.</span>
