Option B, Company B uses just in time inventories and produces made to order products as and when customer demand rises.
<u>Explanation:</u>
A cost leader is the business unit that induces the cost increase. Cost driver is any factor that causes an operation price transition.
Examples of cost drivers are: direct work hours of labour.
The analysis of the value chain can assist companies in different ways.
This can create changes within a company, the goods, services and links it offers to other companies and customers. The US Postal Service (USPS) describes that the aim of the assessment of the value chain is to "make value that exceeds the cost and produces gross margin."
I think that the both factors are required in determining work success. Positive attitude grants you self-confidence in what you do and competence lets you do that with professionalism.
The true statements here are:
A. and B.
Explanation:
In a policy that is for medical or in general converge of insurance it is usual business practice to get the percentage of coverage be the total amount of a medical expense that your insurance will pay before your deductible is met.
This means that the amount that is agreeable to pay by the insurance company is paid first and then the amount you put in is used.
With 80/20 plan of insurance, your insurance is deemed to be paying 80% and you pay 20%.
This plan relies on the fact that there is usually no need for the use of that much money from the side of the firm.
The statement is True, as union contracts dictate many of the terms and conditions of the employment relationship and can influence both what must and can be included in a job offer.
<h3>What are Union contracts?</h3>
A union contracts is a type of written agreement between the employer and the employees which gives information about the details of terms and benefits in a clear and legal binding way. Employee benefits is one of the most crucial and important element of union contracts. The different types of benefits include health insurance, dental or vision insurance, pension and life insurance.
<h3>What are Labour Union Contracts?</h3>
Labour union contracts are different types of unilateral, bilateral, agreements between the labor union and the employer. Labour agreements are called Collective bargaining agreement. Labour union agreement consists of various components including detail agreements on wages, benefits, working schedule, The National Labour Acts govern the collective bargaining process.
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