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krek1111 [17]
3 years ago
13

Lean systems try to:

Business
1 answer:
Julli [10]3 years ago
8 0

Answer:

B. Maximize the value added by each of their activities.

Explanation:

Lean systems are business systems whereby lean principles are holistically applied to the way they plan, organize, direct, control and prioritize work. The lean system is centered upon the customer as it tries to understand what value the customer assigns to products and services. It looks to maximize the value added by each of its activities by removing waste and delays from them. In summary, it maximizes customers' value.

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Mississippi Mile Travel Company is conducting a sensitivity analysis in order to assess the​ company's margin of safety in units
Stolb23 [73]

Answer:

2,900 units; $7,830,000

Explanation:

Given that,

Total sales = 4,900

Break-even sales  = 2,000

Selling price of each package = $2,700

The margin of safety is defined as the amount of the total sales that are above the break even point.

Margin of safety in units:

= Total sales – Break-even sales

= 4,900 – 2,000

= 2,900 units

Margin of safety in dollars:

= Margin of safety in units × Selling price of each package

= 2,900 units × $2,700

= $7,830,000

7 0
4 years ago
you make a clay pot for $10 and sell it to a customer for $40. what is your economic surplus associated with the transaction?
Bess [88]

The transaction's surplus in terms of the economy $30

<h3>Which principle states that the next-best choice you must forego in order to have something is its true cost?</h3>

The idea of opportunity cost, which states that the opportunity lost as a result of a decision, determines the true cost of an economic decision, is closely tied to the principle of substitution.

<h3>What is a sunk cost, give an example, and explain why it doesn't matter when deciding what to do in the future?</h3>

Sunk costs are viewed as bygone in economic decision-making and are not taken into account when determining whether to continue an investment project. Spending $5 million to establish a plant that is expected to cost $10 million is an example of a sunk cost.

To Know more about sunk cost

brainly.com/question/20438089

#SPJ9

3 0
1 year ago
"Stimpleton Company engages in the following cash payments: Purchase equipment $ 3,900 Pay rent 500 Repay loan to the bank 4,300
DENIUS [597]

Answer:

csh used for operatng activities 1,600

Explanation:

the operatng activities will be the cash outflow for business day-to-day operation

the rent is an operational cost, as the rented space is used daily for the business.

the workers salaries are operating activities, they work and provide their work to make the business operate

The equipment is an investment activity. the equipment will generate cash over the course of his useful life, is an investing activity. It decreases cash now, to increases in the future.

The Loan is a financing activity, the company is paying a loan which in a previous period provide cash.

So, total operating activities:

rent 500

salaries 1,100

total 1,600

6 0
3 years ago
The General offers automobile insurance online. Buyers can purchase a policy over the Internet and the company will provide imme
Ivahew [28]

Answer: The General offers automobile insurance online. Buyers can purchase a policy over the Internet and the company will provide immediate proof of insurance to get legal drivers on the road quickly.

This shows how electronic commerce contributes to customer value through the creation of <u>new facilities that save time and money, making the insurance system much more efficient and faster, resulting in greater comfort for customers.</u>

5 0
4 years ago
Factors such as the need for improved reliability and security in postal systems and new government regulations represent import
Brums [2.3K]

Answer: Option (B)

Explanation:

Here, from the given option we can state that direct marketing is the correct option. Direct marketing is referred to as the type of communicating a proposal, under which an organizations tends to communicate straight to the pre-selected consumer and thus further supply the method or technique for the direct answer.

7 0
3 years ago
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