Lisa's Pizza is trying to compete with the larger Domino's Pizza down the street for customers. Lisa here is trying to practice operations management.
More about operations management:
Operations management is a branch of management that focuses on planning, organising, and redesigning the production process for goods or services as well as business operations.
The management of business procedures to achieve the best level of productivity within an organisation is known as operations management (OM). In order to increase an organization's profit, it is concerned with transforming resources like labour and materials into products and services as effectively as feasible.
Teams in charge of operations management strive to produce the maximum net operational profit by balancing costs and revenues.
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Answer: Economic perspective is when an issue is considered been affected by the economy or the economy affecting the issue when making a decision. This decisions making are described as follows;
Scarcity; Available resources can only be used for only one purpose at a time, that means choice has to be made. Because I choice must be made, decision making has to be considered. Scarcity and choice goes together.
Opportunity cost; The cost of any activity,goods or services is the absolute value of what must be given up to obtain it. That means a decision for the value to be given up as cost, to get a goods, services or activity should be weighed.
Utility; this is the satisfaction derived from the consumption of a goods or services. Before a satisfaction can be achieved, a value must be given up to achieve such satisfaction, a decision of the value to be given up compared to the satisfaction should be weighed
Marginal analysis; any option considered in decision making weigh the marginal benefit against the marginal cost, where marginal means extra, additional, or a change in. Therefore the marginal cost of an action should not exceed it's marginal benefits. Whether the decision is personal or one made by business organization or government, the principle is always the same.
Purposeful behaviour; people always weigh costs and benefits in a way to maximize satisfaction with their decision. They should be a rational self-interest, which will lead to achieving maximum utility in decision making.
Answer : I SAID THE B, CANNOT BE DETERMINED ....
Explanation:
FOR 2 DIRECT LOBOR HOURS!
Answer:
MIRR = 15.65%
so correct option is b. 15.65%
Explanation:
solution
We will apply here formula for amount that is
A = P × 
..................1
here A is future value and P is present value and r is rate and n is time period
so here future value of inflows will be
future value of inflows = [ 300 × (1.1)³ ] + [ 320 × (1.1)² ] + [ 340 × (1.1) ] + 360
future value of inflows = $1520.5
and MIRR will be here
MIRR = 
MIRR = 
MIRR = 15.65%
so correct option is b. 15.65%
