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jeyben [28]
3 years ago
7

Jim runs a plant that produces cosmetics and uses a flexible manufacturing production process, while his brother Bill runs a pla

nt that manufactures basic household appliances using a mass production system. The benefit Jim's plant has over Bill's plant is that Jim's plant ________.
Business
1 answer:
weeeeeb [17]3 years ago
8 0

Answer:

Jim's plant can produce products with slight variations

Explanation:

Jim runs a plant which uses a flexible manufacturing production process. This means that his products can offer some range of variations according to the suits or demands of customers, which will be especially helpful when there is a change in taste among customers.

Bill, however uses basic appliances and a mass production system. His products may therefore, suffer due to little variations between them in the case of a change in customers' preferences.

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Consider the market for cars. Which determinant of supply is affected by each of the following events? a. A steel tariff increas
Kitty [74]

Answer & Explanation:

1.  A steel tariff increases the price of steel :  Increase in of 'Price of inputs' -  decreases (leftward shifts) supply curve

2. Improvement in robotics increase efficiency & reduces costs : Upgradation of 'technology'-  increases (rightward shifts) supply curve

3. Factories close because of am economic downturn : 'Number of sellers' reduce - decreases (leftward shifts) supply curve.

4. The price of trucks falls, so factories produce more cars : Decrease in 'price of related goods' - increases (rightward shifts) supply curve.

5. The government announces a plan to offer tax rebates for the purchase of commuter rail tickets : 'Expectations' regarding rise in relative price of cars - decreases (leftward shifts) supply curve.

6. The government announces that it will dramatically rewrite efficiency standards, making it much harder for automakers to produce their cars : 'Goverment policy' stringency  - decreases (leftwards shifts) supply curve.

4 0
3 years ago
You have saved​ $120,000 for your child to attend college. If it is in an account earning an annual rate of​ 8%, how much can yo
harkovskaia [24]

Answer:

I will take $36,230.5 to pay for the education of child.

Explanation:

Cash Invested in the saving account will earn a return of 8% each year and this amount could be withdrawn by the me to pay for the education of child.

We will use following formula to calculate the annual payments

P = r ( PV ) /  [ 1 - ( 1+ r )^-n ]

where

PV = amount of investment = $120,000

r = rate of return = 8%

n = number of period = 4 years

P = 8% ( 120,000 ) / [ 1 - ( 1 + 0.08 )^-4 ]

P = 36,230.5

3 0
3 years ago
Greta is conducting an initial performance review for new employee Natasha. Natasha displays some competence but low commitment.
Tatiana [17]

Answer:

D2

Explanation:

Since Natasha displays some competence and has low commitment to her job,he falls into D2 category.The leadership style that needs to be used is Coaching to motivate Natasha and get the things done.

8 0
3 years ago
Under which conditions is price elasticity of supply relatively elastic or relatively inelastic?
Ulleksa [173]

Answer:

1. Firms are operating in the short run  - relatively inelastic

2. Firms would have a hard time storing their goods  - relatively inelastic

3. Firms have a large amount of excess capacity  - relatively elastic

4. Firms can easily relocate from one location to another - relatively elastic.

Explanation:

The price elasticity of supply is less in the short run than in the long run. In the short run supplier does not have enough time to adjust the production level so supply is inelastic. The firms facing hard to store their goods then the supply is inelastic. If the firm has spare capacity available then the supply is relatively elastic because supplier can produce more if the demand is greater.  The mobility factor also effects elasticity, if firm can easily relocate itself then the supply is elastic.

6 0
3 years ago
Compile a job advertisement for a receptionist vacancy
xz_007 [3.2K]

Answer:

<h2>                     RECEPTIONIST NEEDED - FRONT DESK</h2>

 <em>JustJay Limited is looking to hire a young and vibrant young person to join</em>

<em>                       our team as a receptionist for the front desk. </em>

<h2>Responsibilities</h2>
  1. Welcoming clients and prospective clients.
  2. Handling both outgoing ang incoming calls to route them as required.
  3. Handing mail logistics.
  4. Carrying out other Administrative duties as required.

<h2>Qualifications</h2>
  • Age between 21 and 28
  • Computer literate
  • Must possess great Interpersonal skills
  • Must be a team player
  • GED holders are welcome to apply.
  • Experience in similar role would be an added advantage.

                         WE OFFER ATTRACTIVE PACKGAGES.

<em>Send us your CV at </em><em>hrjustjayltd . com</em><em> or contact us on </em><em>1</em><em> </em><em>- 585 - 244 - 8522</em><em>. </em>

3 0
3 years ago
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