Answer:
E) evaluating all members of the value chain
Explanation:
A value chain is used to describe all the business activities it takes to create a product from start to finish (design, production, distribution).
And a value chain analysis gives businesses a visual model of these activities.
Answer: C(x) = 2.08 + 500x
Explanation:
Given the following :
Cost component of picture frame :
Glass = $0.45
Wooden frame = $0.68
Assembly = $0.95
Assembly desk and tools = $500
Using the linear cost function :
C(x) = mx + b
C(x) = total cost
b = fixed cost
mx = variable cost
b = cost of glass + wooden frame + assembly
b = $(0.45 + 0.68 + 0.95) =$2.08
mx = (cost of assembly desk and tools * number produced) = 500x
C(x) = 2.08 + 500x
The implied quality weight is 6/10 = 0.6. A year lived with chpitis scars is only 60% as satisfying as living a year in full health.
Answer:
Direct labor efficiency variance= (Standard Quantity - Actual Quantity)*standard rate
Explanation:
Giving the following information:
Benson produced 4000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 25,000 direct labor hours and actual total direct labor costs were $250,000.
<u>We need the information regarding the standard rate for each hour of labor and the number of hours required to manufacture each unit</u>. The formula for direct labor efficiency variance is:
Direct labor efficiency variance= (Standard Quantity - Actual Quantity)*standard rate
Answer:
B. Value-conscious.
Explanation:
In the scenario above Preshant can easily be tagged a value-conscious consumer particularly because of her keen interest and concern for price and goods quality.
It is also noted that their have always been segments of the population to whom value has mattered. This is especially the low-income families have long since used tactics such as coupon clipping to get the most out of their spend. However, as the economy recovered and strengthened, this prediction did not materialize.
