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.
D. Mexico and China
The biggest U.S. trade partners include China, Canada and Mexico.
Answer:
The correct answer is option A.
Explanation:
The income effect refers to the change in the quantity demanded of a commodity due to change in the price level because, consumer's purchasing power changes as well.
When the price level increases, the real income of the consumer will fall. As a result, the consumer will demand less.
The income effect can be both direct and indirect.
Answer:
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Answer:
Explanation:
Current price = Annual coupon*Present value of annuity factor(7.2%,12)+$1000*Present value of discounting factor(7.2%,12)
1142.60=Annual coupon*7.85871162+$1000*0.434172763
1142.60=Annual coupon*7.85871162+434.172763
Annual coupon=(1142.60-434.172763)/7.85871162
Annual coupon = $90.14
Coupon rate=Annual coupon/Face value
=$90.14/$1000
=9.01%
