The obstacle to defining the research problem was that the company failed in collecting quantitative data /Selection of inappropriate respondent resulted in wrong output.
Explanation:
A research design is a blue print that a company prepares for conducting marketing research .
A firm collects quantitative data by conducting surveys and asking the customers or consumers to fill the forms (questionnaires).These surveys and questionnaires helps the company in making product related decision in various markets.(i.e how to customize the product as per the taste and the preferences of the consumers)
<u>The obstacle to defining the research problem was that the company failed in collecting quantitative data /Selection of inappropriate respondent resulted in wrong output.Hence the company Refrez Inc failed to acknowledge the fact that people in the United States eat cereal with cold milk, whereas the people of China eat cereal with hot milk.</u>
As a result, Refrez Inc witnessed a decline in sales of its product in Chinese market .
Answer:
c) Unearned Revenue $ 500, Revenue $ 500
Explanation:
When the cash was received on August 01, no accounting services were provided so the entry would have been:
Cash Debit $ 1,200
Unearned revenue Credit $ 1,200
Unearned Revenue is a liability account
On December 31, a recognition needs to be made for the services revenue earned and hence the amount for 5 months amounting is debited to unearned revenue and revenue credited with $ 500.
Answer:
I don't know the answer to that question sorry
Answer: Producer surplus, which is equal to the slope of the supply curve.
Explanation: The producer surplus is represented as the upper portion of the supply curve below the equilibrium price. It is the difference between the amount a producer is willing to sell a given commodity to the actual market price the good was sold at.
The extra benefit which the producer makes as profit when the market price at which the goods was sold at is greater than the amount the producer was willing to sell his goods.
Answer:
0.89 orders per minute
Explanation:
As per the data given in the question,
Batch size = 4 orders
Here, process 1 = cooking
process 2 = Bagging and payment accepting
Time taken to complete process 1 by cooking a batch of 4 orders
= 3 × 1 + 0.5 × 3
= 4.5 minutes
Time taken to complete process 2 by Bagging and payment accepting of 4 orders
= 0.80 × 4
= 3.2 minutes
Time in process 1 is greater than time taken in process 2
Since, process 1 is bottleneck operation So, it will decide the capacity of project. therefore,
Overall capacity = 4.5 minutes for 4 orders
Therefore number of orders = 4 ÷ 4.5
= 0.89 orders per minute
Hence, Process capacity = 0.89 orders per minute