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amid [387]
3 years ago
10

Compare and contrast anticipatory and response-based business models. Why has responsiveness become popular in supply chain coll

aborations?
Business
1 answer:
Anon25 [30]3 years ago
4 0

Answer:

Forecast and planning

Explanation:

An anticipatory model is a model under which market forecast determines the production of products by the manufacturer, and purchases by retailers also determined by forecasts and promotional plans. Since the forecasts are wrong most of the times, anticipatory model usually leads to differences in the actual production of the firms and what they initially planned to produce.  

Anticipatory Model is a risky model because anticipation of future events always determines the work to do by the firm.

On the contrary, the Responsive Business Model does not depend on forecasts, but ensure that what to be done are adequately planned and information among firms in the supply chain are properly exchanged. This makes the model not to be risky and ensure doing more than what has already been planned is avoided. Therefore, the aim of the responsive model which also known as Pull Model is to eliminate reliance on forecast.  

The major reason the Responsive Model has become popular in supply chain collaborations is that it allows for the customization of products on smaller orders by customers.  However, the Anticipatory Model does not give customers any choice or power but to buy or not buy.

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Cost of Goods Sold Allyson Ashley makes jet skis. During the year, Allyson manufactured 68,500 jet skis. Finished goods inventor
Nuetrik [128]

Answer:

Units sold= 63,465 units

Cost of goods sold= $114,237,000

Explanation:

Giving the following information:

Allyson manufactured 68,500 jet skis. Finished goods inventory had the following units:

January 1: 14,385

December 31: 19,420

First, we need to calculate the number of units sold:

Units sold= production of the period + beginning inventory - ending inventory

Units sold= 68,500 + 14,385 - 19,420= 63,465 units

Cost of goods sold= 63,465*1,800= $114,237,000

7 0
3 years ago
Presented below is net asset information related to the Marin Division of Santana, Inc.MARIN DIVISIONNET ASSETSAS OF DECEMBER 31
BartSMP [9]

Answer:

The impairment loss of $161m is jounalized below:

Account Debit Credit

                                $m         $ m

Loss on impairment 161.00  

Goodwill                               161.00

Being impairment recorded  

The impairment test on Marin division of Santana that gave rise to impairment loss of $161 m found in the attached spreadsheet

Explanation:

Please note excel formula used in each cell.

Download xlsx
8 0
3 years ago
If a buyer makes a 20% down payment and obtains a $95,000 mortgage, what is the sales price of the property?
lawyer [7]

If a buyer makes a 20% down payment and obtains a $95,000 mortgage, the sales price of the property is <u>$118,750</u>.

<h3>What is a mortgage?</h3>

A mortgage is a financial arrangement that extends credit to a buyer of the property.  It is simply a loan obtained for the purchase of a property like a home.

When a mortgage is granted, the buyer of the property is usually required to make a down payment, which is a part-payment or initial payment to reduce the sales price of the property.

Down payments are usually stated in percentages.  Sometimes, they are stated in dollar amounts.

<h3>Data and Calculations:</h3>

Down payment = 20%

Sales price = 100%

Mortgage = $95,000 (100% - 20%, which is 80%)

Sales price = $118,750 ($95,000/80%)

Thus, if a buyer makes a 20% down payment and obtains a $95,000 mortgage, the sales price of the property is <u>$118,750</u>.

Learn more about down payments and mortgages at brainly.com/question/1318711

#SPJ1

7 0
2 years ago
in the two-period model, if consumption in both periods is a normal good, then an increase in income in period two: does not inc
Readme [11.4K]

Answer:

increases consumption in both periods.

Explanation:

A normal good is any product or service whose demand increases as consumers' income increases. The demand for a normal good will also increase due to the improvement in economic conditions in an economy.

A normal good is regarded to be of high utility value. Its consumption provides consumers with greater satisfaction. As a result, if consumer's income increase, demand for normal goods increases. Should consumption increase in a period, the demand will increase. The demand will continue to rise if incomes increase.

5 0
3 years ago
The philosophy of producing a high-quality product or service and achieving quality in every aspect of the business and its rela
Vera_Pavlovna [14]

Answer:

Total Quality Management (TQM)

Explanation:

The philosophy of producing a high-quality product or service and achieving quality in every aspect of the business and its relationship with the customer, with a focus on continuous improvement in the quality delivered to customers is <u>Total Quality Management (TQM)</u>

Total Quality Management (TQM): It is a continous process of detecting and reducing error from the process of producing goods and services. This help in maintaining quality of the product by improving process and training worker for better performance. It also help in improving customer´s experience.

There are several tools used in total quality management (TQM):

  • Continuous improvement.
  • Six Sigma.
  • Employee empowerment.
  • Benchmarking.
  • Just-in-time.
  • Taguchi concept.
  • Knowledge of TQM tools.
8 0
3 years ago
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