It will cause the price of whatever said company is manufacturing to go up to cover the extra expense. This may also invoke a decline in sales due to higher prices.
The more information an entrepreneur acquires during the process of feasibility analysis, the higher the chance that his or her predictions will be close to the mark, risk will be reduced, and uncertainty managed.
<h3><u>
Explanation:</u></h3>
The study or examination about the extent to which the proposed idea will be practical and can be achieved at an economic manner refers to the feasibility study. In business it is very essential to decide whether to take up a project or not. It also helps in narrowing the project and plan accordingly.
It also helps in making predictions about whether the expected results can be attained from a particular idea or a project. Thus during the feasibility study the entrepreneur must obtain as much information as possible as it helps him in the evaluation of risks, uncertainties and other related things.
Society gains advantages through trade because of its ability to refine tasks that are connected with production and specialize resources to the uses where opportunity cost is minimized.
<h3>What is trade?</h3>
Trade can be defined as the exchange of goods and service or the act of buying and selling.
Hence, Society tend to gains advantages through trade based on the fact that its ability to refine tasks that are associated with production as well as specialize resources to the uses where opportunity cost are reduced or minimized.
Learn more about trade here:brainly.com/question/17727564
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Answer:
FV= $2,765.30
Explanation:
Giving the following information:
Present Value (PV)= $2,100
Interest rate= 0.054/4= 0.0135
Number of periods= 2*4= 8 quarters
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 2,100*(1.0135^8)
FV= $2,765.30
Answer:
The answer is: Total DPMO of the overall process is = 4,733.33
Explanation:
To calculate the defects per million opportunities (DPMO) we use the following formula:
DPMO = (D/(U*O))*1,000,000
- Defects = D
- Unit = U
- Opportunity to have a defect = O
We are given the following data:
<u>Service A:</u> <u>Service B:</u>
D = 10 D = 17
U = 500 U = 1,000
O = 15 O = 5
DPMO Service A = [10 / (500 x 15)] x 1,000,000 = 1,333.33
DPMO Service B = [17 / (1,000 x 5)] x 1,000,000 = 3,400
Total DPMO = 4,733.33