Answer:
To maximize profit , the firm should shut down
Explanation:
In this question we are tasked with stating what a firm should do to maximize profits or minimize loss.
In this particular situation, what the firm should do is to shut down. why?
The reason why the firm should shut down is that the price per unit is less than the average variable cost. In the question, we can identify that the price per unit is $3 while the average variable cost is $3.50. We can see that the price per unit is less than the average variable cost from their values.
And hence to minimize loss or maximize profit, what the firm has to do is to shut down its operations
Among the luxury goods produced in Mongolia are luxury clothing made from the finest wools, hides, and skins there. The country also exports machinery and equipment. The Republic of China is the leading trading partner of Mongolia accounting to a percentage about 95.5%.
Include the design, creation, and delivery of a product option (a) i.e, primary activities.
Inbound logistics, operation outbound logistics, marketing and sales, and service are the primary activities in the value chain. Infrastructure management, human resource management, and purchasing are examples of secondary or support tasks.
A value chain is a series of tasks that a business engaged in a certain industry completes in order to offer a worthwhile product to the final consumer. Well-managed primary activities are frequently the source of a business's cost advantage because management problems and inefficiencies are reasonably simple to spot here. This indicates that the company can produce a good or service for less money than its rivals.
To know more about value chain refer to: brainly.com/question/13439824
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Answer:
Cycle time is the shortest period taken to generate a portion of it. It is a time of repeatability. Going to measure order cycle assists in testing operating performance and solecism.
It recognises places in which it needs improvement and adjustment. When evaluating the processing time of 3 distinct headquarters, this will help in understanding the periods and identify areas where every office does not have a job, suggesting reactions to stay at correct margins of operations.
Measuring operating cycle would include using such a kanban system to note down processes right from taking information from a consumer to the time required for the completed goods to be successful to the consumer. To calculate the period the loop is efficient. What will also be addressed is not whether nonworking times even including holidays will be factored.
The three offices' cycle period should enable the leader evaluate their success all around. Calculated and measured cycle period, the chief may recommend corrective steps and map out a strategy to take benefit of an office 's smaller cycles time relative to another, optimising income and-costs.
Answer:
The correct answer is Goal setting.
Explanation:
The setting of goals is identified as a procedure that leads the subject to achieve or achieve certain objectives by providing direction to their actions.
When people set out to achieve something in their lives, they are few times that they can say that they did it without problems. Almost always some kind of difficulty or setback arises.
And it is not for less, to a mind that is not adapted to the achievement of goals, it will be very difficult to succeed. As much as I try in a thousand ways.
The important thing then, is to make the Goals Settlement a habit, and each habit begins with a repetitive action.
