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3 years ago

A company's scope defines the products and markets on which it will concentrate.True or false?

Business

1 answer:

serious [3.7K]3 years ago

8 0

Answer:

The statement is: True.

Explanation:

A company's scope determines which sector of the market they will focus on and in what product specifically. For new businesses, it is recommended to engage in the production of one service only so the company can have enough control of it but the organization's goal should be to diversify as long as the firm grows and starts earning stable revenues.

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Design a 700- to 1,050-word proposal for a process improvement or cultural change that would affect all levels of staff in the o

adoni [48]

Lean six is an important tool to control the costs and to improve quality, it is a powerful tool which consist two process development methods those are Lean and Six Sigma. This technique is useful to reduce waste in the process and save time and costs. Through this tool, we can identify the defects in a product or service, so that we can reduce unwanted expenses.This process will provide us lots of benefits, those are explained below.

Increase profit

Through this technique, we can identify defects of products and services, so that we can products goods and services at sufficient quality, when quality exist in a product or service, we can see good sales volume which leads to better profits

Decreases expenses

Through this process, we can avoid wastage by identifying the defects in products or services before facing customers, so we can reduce expenses.

Improves efficiency and effectiveness

Through this process, we will finish process in correct manner without having any problems or errors in the process, it will improve efficiency and effectiveness, where efficiency means completing work in right process and effectiveness means completing right work.

Role of Lean Six Sigma in hospitals

At present days, hospitals are facing many major problems and patients are also educated and demanded for quality treatment. Hospitals should concentrate on quality and quality should be continued. Apart from these challenges, hospitals have other problems with insurance companies, they always demands for lowest prices to provide service to their customers.

Development is defined as the process of growth or new information or events. An example of evolution is the change from caterpillars to butterflies. An example of development is the emerging details of a local robbery. An example of a development is a residential community for the elderly. noun.

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3 0

2 years ago

On January 1, 2019, French Company issued $74,000 of five-year, 8% bonds when the market interest rate was 12%. The issue pr

-BARSIC- [3]

Answer:

The interest expense will be recorded when the first interest payment is made $3720

Explanation:

Interest expense = issue price x market rate x n/12

= 62000 x 12 x 6/12

= $3720

7 0

4 years ago

The following is a list of costs incurred by several businesses:

Rainbow [258]

Answer:

a. (Factory overhead cost,Administrative cost)

b. (Direct material cost,Product cost)

c. (Factory overhead cost,Administrative cost)

d.(Factory overhead cost,Administrative cost)

e.(Direct labor cost,Product cost)

f.(Factory overhead cost,Administrative cost).

g.(Factory overhead cost,Administrative cost)

h. (Direct material cost,Product cost)

i.(Period cost,Selling cost)

j.( Factory overhead cost,)

K.(Period cost,Administrative cost)

L.(Direct material cost,Product cost)

m.(Direct labor cost,Product cost)

n.(Direct material cost,Product cost)

o.(Direct material cost,Product cost)

p.(Direct labour cost,Product cost)

q.(Factory overhead cost,Administrative cost)

r.(Direct material cost,product cost)

s.(Factory overhead cost,Administrative cost)

t.(Direct material cost,Product cost)

u.(Period cost,Administrative cost)

v.(Product cost,Direct labour cost)

w.(period cost,Selling cost)

x.(Period cost,Administrative cost)

7 0

3 years ago

At point A on a demand curve, price is $10 and quantity demanded is 100. At point B, price is $12 and quantity demanded is 80. W

Jet001 [13]

Answer:

Price elasticity of demand is -1

Explanation:

Price elasticity of demand is defined as the degree of responsiveness of quantity demanded to changes in the price of a product. It is calculated by finding ratio of percentage change in demand to percentage change in price.

Percentage change in demand= (80-100)/100= -20/100

Percentage change in demand= -0.2

Percentage change in price= (12-10)/10

Percentage change in price= 2/10= 0.2

Elasticity= Percetage change in quantity demanded/ percentage change in price

Elasticity= -0.2/0.2= -1

5 0

3 years ago

The sequencing of activities is often based upon dependencies between the activities. The dependencies that should guide activit

Varvara68 [4.7K]

Answer:

Explanation:

Mandatory or discretiinary

A mandatory dependency is one that must happen at a particular time. It is usually requirement of some kind based on contracts, laws, company procedures, physical limitations, etc. When the sequence of events is developed for various aspects of the process, mandatory dependencies are placed where they must happen.

A discretionary dependency is one that isn't based on a must, but on a should. These decisions are usually based upon best practices, business knowledge, preferences etc.When the sequence of events is developed they are placed where the team members would like them to occur

8 0

4 years ago