For make-or-buy selections, a provider's ability to maintain the secrecy of intellectual property is taken into consideration as an opportunity price.
Intellectual property is a class of property that consists of intangible creations of the human intellect. there are numerous sorts of highbrow property, and a few international locations apprehend extra than others. The quality-recognized types are copyrights, patents, trademarks, and exchange secrets and techniques. intellectual belongings (IP) refers to creations of the mind, consisting of innovations; literary and creative works; designs; emblems, names, and pictures used in commerce.
Examples of the intellectual property consist of a writer's copyright on an e-book or article, an exceptional brand design representing a soft drink agency and its products, unique design elements of a web website, or a patent on a specific technique to, for instance, manufacture chewing gum.
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Answer:
a. Education
b. Experience
c. Mentoring
Explanation:
a. Formal education is defines as a method of formal and organized learning. This is the education provided to the students by qualified teachers at a certain level. To ensure standardization of formal learning for all institutions of learning for example schools, colleges, universities, etc.
So, Formal education helps a person to develop logical skills.
b. Experience is awareness or ability that you have acquired in a specific job or activity because you have already done the job or activity.
According to the given situation, experience helps a person develop skills and knowledge he or she would not have otherwise.
c. A mentor helps a person learn the skills to achieve his or her destination. or we can say that the "mentor" is an experienced person who shares information, expertise, and guidance with a less experienced person.
So, according to the given situation Manager is coached to Shawn to develop skills so that manager can boost Shawn career. Shawn's Manager is engaged in Mentoring.
Answer:
To maximize income, Kelvin should use 5445 hours to replace 165 shocks.
Explanation:
The number of hours taken for replacing the shocks is 1.5 times higher than replacing the brakes. (1.5 = 33 hours/ 22 hours)
While the income from replacing the shocks is double/ 2 times higher than replacing the brakes (2.0 = $500500/$250250)
It’s viable that replacing the shocks is more effective in term of income compared to hours taken.
If Kevin use his maximum 5,454 hours a week for replacing the shocks, then he can replace 165 shocks and earn $82,582,500.
If the customer resource is unlimited, then it It is better to focus on replacing shocks only.
