Answer:
<u>Stock-out</u> cost
Explanation:
Stock out is a scenario in business where a company sells all available units of a product and runs out of inventory for that product. <u>When this happens, the organization loses revenue as it cannot meet the subsequent demands of customers</u>.
This cost incurred is known as stock out cost.
So, <em>even though Jeff Murrah, the sales manager, was delighted with the product's success, his excitement was overshadowed by the </em><u><em>stock out cost</em></u><em> his division would incur.</em>
According to the textbook, the keys to successful supply chain management include trust, cooperation, collaboration, and honest, accurate communications between supply chain partners. True
Management is the administration of an organization, whether or not it's miles an enterprise, a non-profit organization, or a government frame. It is the art and technology of managing sources of the enterprise.
Business management is the coordination and corporation of commercial enterprise activities. enterprise managers oversee operations and help personnel reach their top productivity tiers. A commercial enterprise supervisor can also supervise or educate new employees, and assist a commercial enterprise to attain its operational and monetary goals.
Management ranges are the divisions among levels of authority and obligation in an agency. The typical control degrees are top-level management, mid-stage management, and primary-line management. Those stages determine the responsibilities of various manager positions, which include who they report to and who reports to them.
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Answer:
<u>A Star.</u>
Explanation:
The Boston Consulting Group (BCG) matrix depicts a product's market share against the market growth rate. The matrix is also known for it's cow- dog metaphor.
The matrix represents 4 situations namely:
1. Stars : Products with high market share in high growth markets i.e high- high situation.
2. Cash Cows: Products with high market share in low growth markets.
3. Question Mark: Products with low market share in a high growth markets.
4. Dogs: Products with low market share in low growth markets.
In the given case, the product dominates the market i.e high market share. Secondly, it operates in a high growth market. Which means, the product belongs to the situation of a Star.
Answer:
<u>single-segment concentration.</u>
Explanation:
<em>Single-segment concentration</em> occurs when the company concentrates its operational, productive, marketing and sales efforts to serve a single market segment.
Advantages of this model include enhancing the effectiveness of concentrated marketing, which helps the organization achieve activity specialization, which increases the possibility of becoming a market leader and achieving a high return on investment.
Answer:
A. $2,220,000
Explanation:
We know,
Manufacturing cost = Direct material + Direct labor + Manufacturing overhead
Given,
Direct Material = $1,500,000
Manufacturing overhead = $270,000
To find direct labor, we have to use manufacturing overhead,
Manufacturing overhead = Direct labor x 60%
or, $270,000 = Direct labor x 60%
Direct labor = 
Direct labor = $450,000
Therefore, total manufacturing costs = $1,500,000 + $450,000 + $270,000
Total manufacturing costs = $2,220,000
