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Andreyy89
3 years ago
15

Which language is the most common for worldwide trade and business?

Business
2 answers:
Brrunno [24]3 years ago
8 0
I Think English is the most common Language for worldwide trade and business

fenix001 [56]3 years ago
4 0

Answer:

C) English

Explanation:

English is the most common language used in worldwide trade and business, and the US dollar is the most commonly used currency in worldwide trade and business.

Even though Mandarin Chinese is the most spoken language in the world, its influence is not very large outside of southern Asia. English is so commonly used as a universal language between different countries, that the European Union still uses it as its official language even though the UK is leaving them and only Ireland speaks English.

About 60% of the total US dollars are held outside the US and are generally used as a hard currency for trade operations.  

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One qualitative forecasting method bases the forecast for a new product or service on the actual sales history of a similar prod
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differing opinions on the point we are on the Laffer Curve

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Compare and contrast the product vs. process layouts. What are the advantages & disadvantages? List examples of products tha
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Explained below.

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With a product layout, equipment breakdown has serious implications because the separate pieces of equipment are closely tied together. If one piece of equipment fails, the line will quickly come to a halt. Consequently, preventive maintenance to reduce the failure rate is advisable. In contrast, a process layout often contains duplicative equipment so that if one particular piece of equipment fails, the work can usually be shifted to another piece of equipment. Consequently, there is less need for preventive maintenance and less need for repair of equipment when it does break down. Moreover, process layouts utilize more skilled workers who tend to take better care of the equipment than the lower-skilled workers do in a product layout system.

* The main advantages regarding the product layouts include:

a. A potentially huge rate of output.

b. Lowering unit costs.

c. Low training costs and a broad span of supervision due to specialization.

d. The low unit price concerning material administration.

e. High utilization of labor and tools.

f. Routing as well scheduling are being built into the design.

g. Accounting, purchasing, including inventory control are routine.

* The main disadvantages regarding the product layouts include:

a. Specialization can lead to dull, repetitive jobs with little opportunity for personal satisfaction or creativity.

b. Workers may have little interest in maintaining equipment or in the quality of output.

c. The system is not particularly adaptable to changes in process design or changes in the volume of output.

d. The system is highly susceptible to shutdowns caused by equipment failure or excessive absenteeism.

e. Preventive maintenance costs and the capacity for quick repairs are necessary to ensure high utilization.

f. Incentive plans tied to individual output are impractical.

* The main advantages regarding the process layouts are:

a. They can manage a variety of processing requirements.

b. They are less vulnerable to equipment failures than product layouts are.

c. The general-purpose tools used often are less costly than the specialized equipment used in product layouts. It is also usually easier and less costly to manage and repair.

d. Specific stimulation systems are possible.

* The main disadvantages regarding the process layouts are:

a. Work-in-process inventory costs can be high (in manufacturing).

b. Routing and scheduling must be done for each new job.

c. Equipment utilization valuations are habitually low.

d. Material handling is slower, less efficient, and more costly per unit than is the case in a product layout.

* Example of product layout includes self-service cafes, car assembly as well as car valeting.

* Example of process layout are milling, drilling, grinding, hydraulic presses, as well as lathes)

7 0
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