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LUCKY_DIMON [66]
3 years ago
6

Otion Inc. is a relatively new firm in the consumer electronics industry. The company's primary objective is to become the marke

t leader in less than 5 years, for which it has to gain and sustain a competitive advantage. In the context of the VRIO framework, which of the following resources should Otion Inc. primarily focus on to achieve its objective?
A) Inexpensive unskilled labor that is easily accessible by all companies
B) Component parts that are sourced from competitors' suppliers
C) Internal production systems that could reduce costs by 30 percent below the current industry standards
D) Quality standards, which are common and mandatory throughout the industry
Business
1 answer:
muminat3 years ago
7 0

Answer:

C) Internal production systems that could reduce costs by 30 percent below the current industry standards

Explanation:

VRIO can be defined as the tool used to analyze a firm’s <u>internal resources and capabilities</u> in relation to them being a source of sustained competitive advantage. It purports that organisations have to look inwards for development of competitive advantage.

VRIO is an acronym for a the four qualities that must be possessed if internal competencies must produce competitive advantage:  Value, Rarity, Imitability, and Organization.

Hence in the case of Otion Inc, the right resolve and direction is its <u>internal</u> production systems being able to reduce costs by 30% below industry standards.

The key word is internal.

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The ability to automatically detect the occurrence of an abnormality, thereby helping achieve quality at the source, is?
Sever21 [200]

 The ability to automatically detect the occurrence of an abnormality, thereby helping achieve quality at the source, is jidoka

Therefore, Jidoka's definition is best understood as "automation". This means manual automation or autonomous automation. The origin of Jidoka can be traced back to Toyota Motor Corporation, which was founded by Sakichi Toyoda as a textile manufacturer.

A famous example of Jidoka is his Model G for Toyoda Automatic Loom, invented and patented in 1925 by Sakichi Toyoda (1867–1930). This is one of the many looms invented by this inventor, but perhaps his most famous. This loom could be operated almost unmanned. Jul 31, 2018

Automation is a commonly used term in Lean Manufacturing, widely considered one of the pillars of the Toyota Production System, the other being Just in Time (JIT). The term "Jidoka" is often used to impress others, but the idea behind it is less common outside of Toyota.

Learn more about jidoka here

brainly.com/question/162683

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3 0
1 year ago
Dr. Peabody recorded $6,820 in services provided to clients who make monthly payments. Which of the following statements is corr
11111nata11111 [884]

Answer:

D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.

Explanation:

The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.

The services rendered increases the revenue to Dr. Peabody.  Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.

3 0
3 years ago
When buying highly technical, few-of-a-kind products such as hydroelectric power plants, governments have found that general con
Lubov Fominskaja [6]

Answer:

Cost-plus-fixed-fee pricing

Explanation:

Cost-plus-fixed-fee pricing is when the contractor specifies the expenses of a project and a fixed fee for the services that provides which allows the contractor to earn a profit. In this type of pricing, the overall cost of the project  is determined at the end and all the authorized costs are paid to the contractor in full. According to this, the answer is that these contractors use cost-plus-fixed-fee pricing to compensate them for any cost overruns.

7 0
2 years ago
Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and £4
Bogdan [553]

Answer:

B. £0.2055/$

Explanation:

Given that

An Ounce of gold cost = $20.67 in US dollars

An ounce of gold cost = £4.2474 in British pounds.

Therefore,

Exchange rate per 1 dollar

= 4.2474 ÷ 20.67

= 0.20548

= 0.2055.

This means that 1 dollar is equivalent to 0.2055 British dollars at that time using that exchange rate.

£0.2055/$

6 0
2 years ago
List essential preparations when communicating to inform, to persuade, and<br>to argue​
ExtremeBDS [4]

<u>Explanation:</u>

Some of the essential preparations when communicating to inform, persuade, and argue includes;

  • Determine what you know about the subject.
  • Be mindful of what your audience already know about the subject and avoiding stating mainly what they know already; so they will be more interested in what you have to say.
  • Use appropriate language and terms  that your audience can easily understand.
  • Make references to respectable outside sources that back your claim.
  • Respectfully present your speech to your audience, and avoid been judgmental because of their differing views.
3 0
3 years ago
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