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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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A financial adviser has just given you the following​ advice: "Long-term bonds are a great investment because their interest rat
Nikolay [14]

Answer:

No

Explanation:

Long term bonds might not be great investments if the interest rate fall  or even slide into negative value in the future. This means that the bond will become insignificant in value.  

Cheers

3 0
3 years ago
Read 2 more answers
If Sam's, a local watering hole, increased the price of a pint of Guinness by 20%, it estimates the number of MBA students purch
Leni [432]

Answer:

Total Revenues would increase because Demand is Inelastic

Explanation:

Demand is buyers ability & willingness to buy at a given price, time.

Elasticity of Demand is quantity demanded responsiveness to price change.

More Elastic Demand means quantity demanded responds highly to change in price. Percentage Change in Quantity Demanded > Percentage Change in Price. Elasticity of Demand [Δ%Q / Δ%P] >1 in this case. Price and Total Revenue (PxQ) are inversely related in this case ; i.e - price rise, TR fall & price fall, TR rise.

Less Elastic Demand means quantity demanded responds less to change in price. Percentage Change in Quantity Demanded < Percentage Change in Price. Elasticity of Demand [Δ%Q / Δ%P] < 1 in this case. Price and Total Revenue (PxQ) are positively related in this case ; i.e - price rise, TR rise & price fall, TR fall.

So: If Sam's Pint price change by 20% leads to demand fall by 4%, the demand is less elastic i.e < 1. Hence, Total Revenue will increase with increase in price.

6 0
3 years ago
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated
evablogger [386]

Answer:

The answer is loss of $10,000 on the sale of the equipment

Explanation:

The formula for straight-line depreciation is:

(Cost of asset - salvage value) ÷ number of useful life.

Cost of asset is $250,000

Salvage value is $50,000

Useful life is 5 years

So depreciation for the year is:

($250,000 - $50,000) ÷ 5 years

$200,000 ÷ 5 years

=$40,000

January 1 2010 through June 30 2013 is 3 years and 6months

Accumulated depreciation will be:

3.5 years( 3 years + 6months/12 months) x $40,000

$140,000

Carrying value or net book value at this date is $250,000 - $140,000

=$110,000.

The equipment was sold for $100,000.

Selling price - carrying value

=$100,000 - $110,000

= - $10,000

We have a loss of $10,000 on the sale of equipment

8 0
3 years ago
Target Corporation reported the following information in a recent Form 10-K. Consolidated Statement of Operations ($ millions) F
lisabon 2012 [21]

Answer: See explanation

Explanation:

a. inventory turnover ratio

This will be calculated as:

= Sales cost / Average inventory

= $67,596 / $9301.50

= 7.2672

= 7.27

(b) average days in inventory.

This will be calculated as:

= 365 days / Inventory turnover ratio

= 365 / 7.27

= 50.20

= 50 days

Note:

Average inventory = ($10,321 + $8,282) / 2 = $9301.50

7 0
2 years ago
When jorge became one of three final candidates for a managerial position with a large pharmaceutical company, the hiring manage
kodGreya [7K]
B we did this at school it’s not hard nor easy
6 0
2 years ago
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