Answer: Option B
Explanation: In simple words, lean manufacturing refers to the manufacturing process in which the production firm focuses on minimizing the waste that occurs in the production process and also increases the productivity at the same time.
This system was first implemented in Japanese manufacturing industry and lead to decrease in cost of production significantly. Such kinds of manufacturing is highly evident in industries prancing goods such as clothes, shoes etc.
This strategy also decreases the production cycles and increase the respond time of the firm to the market.
Answer:
D
Explanation:
assets are items that have monetary value and are owned by a business.
The statement that is correct is D. If supply increases and demand increases, equilibrium quantity will fall.
Demand is the quantity of goods and services that one is willing to buy at a particular price and at a given time.
On the other hand, supply is the quantity of goods that a supplier wants to sell at a given price and time.
It should be noted that in a situation whereby there's an increase in the supply and the demand of a product, this will lead to a reduction in the equilibrium quantity.
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Answer: In broad terms, corporate communication is the practice of creating, fostering, and maintaining a consistent brand image and identity. Effective corporate communication helps you mold a company image that promotes internal loyalty while also creating loyal external customers.
Many business owners prefer corporations over other form of business organization because corporation has several advantages:
1. Corporation is a legal entity that is created by the state.
2. It is for an unlimited life span.
3. Transfer of ownership is easy.
4. Corporate form also increases the credibility of a company.
5. Companies also find it easier to raise money in a corporation.