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oksian1 [2.3K]
3 years ago
14

It is the goal of the managers at Trevor's company to rework the production line so that it produces as many automobile parts as

quickly as possible with its current workforce. This is an example of improving _____ to gain competitive advantage.
Business
2 answers:
lutik1710 [3]3 years ago
7 0

Answer:

This is an example of improving <em>efficiency </em>to gain competitive advantage.

Explanation:

Efficiency is one of the 2 signs (the other is <em>effectiveness</em>) for managers which determines how efficient the company is operating or are they doing things right?

Since the managers at Trevor's company are trying to produce max output with the same workers by restructuring the whole production process this implies that:

  1. They don't want to incur high cost by employing further employees but trying to manage the scenario with what they have.
  2. They are aiming to be faster than other companies.  

This will in result help them in getting the <em>competitive advantage</em> (Operating at higher level in one or more functions relative to other companies).

raketka [301]3 years ago
5 0

Answer:

management strategy

Explanation:

By improving the companies management strategy the the manager in trevor's company would be able to gain competitive advantages and also achieve the companies objectives with the required resources.

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Vivi Corporation had net income of $401,000 in 2015. The company's Common Stock account balance all year long was $267,000 ($10
Leto [7]

Answer:

2.23 is the price earnings ratio.

Explanation:

Firstly we must find the Earnings per share for this problem as it is needed to calculate the price earnings ratio so earnings per share = (Net income)/(Number of shares outstanding).

we are given net income of $401000 then to obtain number of shares outstanding for 2015 are $267000/$10 as we saw the company's common stock account balance all year long was that value of which each share has a par value of $10, then we get outstanding shares which are 26700 now we calculate the earnings per share (EPS) by using the above formula with substituting the above mentioned values :

Earnings Per Share= $401000/26700

                              = $15.01872659

now we will use the Price Earnings Ratio formula which is

Price Earnings Ratio = (current share price)/(earnings per share )

we have been given a current share price of $33.50 now we will use the earnings per share which was calculated above.

Price Earnings Ratio = $33.50/$15.01872659

                                   = 2.230548628 then we round off the answer to two decimal places

Price Earnings Ratio = 2.23

4 0
3 years ago
​As the income of bus riders increased, the wages of bus drivers increased simultaneously. How does this affect the market for b
kondor19780726 [428]

Answer:

The demand curve and supply curve will shift leftwards.

Explanation:

The increase in the income of riders will decrease the number of bus rides because there is an inverse relationship between income and inferior goods. Therefore, the demand curve for bus rides will shift leftwards. Moreover, the increase in wages is an input cost, therefore, the rise in input cost will shift the supply curve leftwards.

6 0
3 years ago
The chart of accounts is designed to
SOVA2 [1]

Answer: The correct answer is b).meet the information needs of a company's managers and other users of its financial statements

Explanation: Chart of accounts refers to list of accounts of an organization. It shows at a spot how an organisation receives money and spends money.

Chart of accounts contains Assets, Liabilities, Income, Expenses and Equity.

3 0
3 years ago
Patrick's lease is ending soon, and he wants to rent at a different apartment complex. He
Komok [63]

Answer:

The Fair credit reporting act

Explanation:

4 0
2 years ago
Read 2 more answers
Importance of the different types of elasticity<br><br>​
WITCHER [35]

Answer:

<em><u>Elasticity is an important economic measure, particularly for the sellers of goods or services, because it indicates how much of a good or service buyers consume when the price changes. When a product is elastic, a change in price quickly results in a change in the quantity demanded.</u></em><em><u>The concept of elasticity for demand is of great importance for determining prices of various factors of production. Factors of production are paid according to their elasticity of demand. In other words, if the demand of a factor is inelastic, its price will be high and if it is elastic, its price will be low.</u></em>

Explanation:

hope it helped you...mate!

5 0
3 years ago
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