With regards to a firms product line, a cost leadership strategy would strive for Focused section of the market while a differentiation strategy would strive for broad cross section of the market.
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What is Expansion Strategy?</h3>
An expansion strategy can also de defined as a growth strategy. The major concern of business firms is to achieve faster growth, compete, achieve higher profits, grow a brand, capitalize on economies of scale, have greater impact, or occupy a larger market share.
There are basically two types of expansion strategies, they include
- Cost leadership
- Differentiation Strategy.
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Answer:
Arrival rate, λ = 4 per hour
Service rate = 1/service time = (1 / 9 minute) * 60 minutes per hour = 20/3 = 6.67 per hour
a) Average number of trucks in system, L = λ/(μ-λ) = 4 / (20/3-4) = 1.5 trucks
b) Average time spent in the system, W = L/λ = 1.5/4 = 0.375 = 0.38 hour
c) Total system cost per day = (2*18 + 75*1.5) *8 = $ 1188 per hour
d) New service rate, μ' = (1/7 minutes) *60 minutes per hour = 8.57 per hour
Average number of trucks in system, L = λ/(μ'-λ) = 4/ (60/7 - 4) = 0.875 = 0.88 trucks
e) Average time spent in the system, W = L/λ = 0.875/4 = 0.2187 = 0.22 hour
f) Total system cost per day = (2*18 + 90*0.88) *8 + 200 = $ 1121.6 = 1122 per day
g) Based on above cost analysis, we see that Total system cost per day is lesser in after the new equipment is installed. Therefore, it is worth to install the new equipment.
Explanation:
Answer:
Crowdsourcing
Explanation:
Kallton is a multinational communications and information technology corporation. Its principal products are mobile telephones and tablets. It recently announced on its Web site that customers can suggest ideas for its upcoming product model. Contributors of short-listed ideas will be adequately rewarded. In this case, Kallton is using crowdsourcing to generate new product ideas. Crowdsourcing is the mechanism where we gather information, work, ideas and opinions from wide range of people with the help of internet. In this way organizations can save their time and money and can produce work quite efficiently. They can get work from any part of the world.
Integration orientation Organizations that help mediate and resolve discord among members of society.
Organizational integration :
IT is achieved when organizational goals are aligned between the external and internal influences. Organizational alignment promotes collaboration and teamwork across all areas of work internally within the organization. Organizational integration supports a company's resilience to external factors, such as its mission or business model, input and output, the economy, technology, political factors, social factors and stakeholders.
Why is integration important in an organization?
Integrating your business systems enables a holistic view of your customer, your data, and your organizational health. It creates a better customer experience and improves your internal workflow.
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Answer:
The statement is true
Explanation:
Short term cash budget focuses on short duration mostly within one to three months while long term cash budget focuses on cash inflow and outflow for a longer duration which is one year.
Short term cash budget ensures liquidity of an organization whether it has funds to meet immediate requirements so it basically helps in controlling cash inflows and outflows.
Long term cash budget helps in decision making and planning future investments as it is reviewed periodically.