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Katena32 [7]
4 years ago
7

In 2009 and 2010 Toyota had to recall millions of automobiles due to uncontrollable acceleration. This recall forced upper-level

management to rethink many things. For example, Toyota had become too focused on profits. As a business coach, where would you recommend Toyota begin?
Business
1 answer:
Veseljchak [2.6K]4 years ago
6 0

Answer:

formulate grand strategy

Explanation:

In business, formulating grand strategy refers to the effort that we met to balance every single aspects that involved in the operation. We can make a certain department run in full efficiency while neglecting the others.

This can be implemented to Toyota's Case.

Toyota always known for it's efficiency in production. They managed to fulfill their order with relatively fast timing and they also managed to use their resource efficiently with very minimum waste. All of this was important to maximize their profit, but a Company must do this without damaging the quality of their brand.

The fact that they have to recall their products indicated that their quality control department is neglected.

Even if the design is flawed, the Quality control department should've notice it before the product being sent to the market.

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The answer should be threshold for health benefits.
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4 years ago
Suppose there is a shortage in a local market for clean drinking water (assume this market is free and competitive). Which of th
andrew-mc [135]

Answer:

The correct answer is letter "B": The price will not increase but firms will increase the quantity supplied to promote the social interest.

Explanation:

Perfectly competitive markets are characterized by having companies offering an undifferentiated product, being price takers because firms posses a small market share which does not allow them to have a major influence in the price, and by free entry and exit of competitors.

Then, <em>if there is a shortage of clean drinking water in a local market that is perfectly competitive, the shortage would not last much since new producers would enter the market to process water so it can be offered purified. As drinking water is a basic good, the number of organizations entering the market is likely to be substantial.</em>

4 0
3 years ago
se the drop-down menu to complete each statement. A good is considered when producers can quickly supply more or less of it base
adoni [48]

Answer: elastic; inelastic

Explanation:

A good is considered (elastic) when producers can quickly supply more or less of it based on changing prices while a good is considered (inelastic) when producers can quickly change how much of it is supplied when prices change.

In an elastic good, a change in price brings about a significant shift in the demand of such good while on the other hand, in an inelastic good, a change in price brings about an insignificant shift in the demand of such good.

4 0
3 years ago
Gus is known to be the fastest worker at the museum. he has worked at the museum for only a few months, but prides himself on be
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A pharmacist wants to establish an optimal inventory policy for a new antiobiotic that requires refrigeration in storage. The ph
Akimi4 [234]

Answer:

EOQ: 80

order per year: 10

Explanation:

We need to solve for the Economic Order Quantity:

Q_{opt} = \sqrt{\frac{2DS}{H}}

Where:

D = annual demand = 800

S= setup cost = ordering cost = 16

H= Holding Cost = 4

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Orders per year = 800 demand/ 80 order size= 10

5 0
4 years ago
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