<h3><u>Changes considered to reduce the cost of the project: </u></h3>
Cost Estimates of a Residential Design have the following elements:
1) Quantity Takeoff
2) Labor Hours
3) Labor Rates
4) Material Prices
5) Equipment Costs
6) Subcontractor Quotes
7) Indirect Costs
8) Profit Margin
Quantity Takeoff is the very basic element required in Residential Building. Labor hours and rates depends on the location, work difficulty, market value, and other extrinsic factors. Material prices and Subcontractor Quotes again depends on location, supply and demand. Equipment Costs depends on the location, place of purchase, transportation cost, size of equipment, etc. Indirect costs are overheads for labor and contractors.
As we can check the above elements, we cannot change Quantity takeoff, as no one wants to compromise in the quality. However, we can try to slightly negotiate with Labor rates and Subcontractor Quotes. Again, as mentioned the budget is significantly high, so we need to work on reducing 2 costs, which are Equipment Costs and Material Prices.
Answer:
If shortage of goods and services occurs, obviously, the price will touch the sky, i. e. the price will increase twice or thrice the Real price...
The analytical decision-making process Kendra's idea exemplifies.
Analytical selection-makers cautiously analyze data to come up with an answer. They're cautious and adaptable thinkers. they may invest time to glean records to shape an end.
Those decision-makers are assignment-oriented but have a high tolerance for ambiguity.
The four classes of decision making
1] Making habitual choices and judgments. whilst you go shopping in a grocery store or a department save, you normally select from the goods before you.
2] Influencing results.
three] setting aggressive bets.
4] Making strategic selections.
The constraint of choice-making research.
Learn more about analytical decision-making here: brainly.com/question/25870371
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Answer:
The correct answer is letter "C": are processes that are specialized for relatively few products or customer groups.
Explanation:
Product-focused processes are those that follow a market segmentation. Companies decide to what sector of the market they will drive their efforts towards and specializes in the manufacturing of a determined good.
Production tends to involve high volumes and low variety process but provides manufacturers relatively high facility utilization. Examples of product-focused processes are the production of light bulbs or bolts.
Overall, Snead's Snack Bar earned more in July, with $2600, while in June they only earn $2500
