One of the huge benefits of just-in-time production is that the need for "time" is eliminated.
<h3>What is just-in-time production?</h3>
With just-in-time (JIT) manufacturing, products are produced as needed, rather than in excess or ahead of schedule.
Some characteristics of just-in-time are-
- With just-in-time (JIT) manufacturing, products are produced as needed, rather than just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules in excess or ahead of schedule.
- Because Toyota, a vehicle manufacturer, introduced just-in-time manufacturing in the 1970s, the practise is often referred to as the Toyota Production System (TPS).
- To prevent work-in-process overcapacity, JIT is frequently used in conjunction with the scheduling technique known as kanban.
- The JIT production method depends on consistent output, excellent craftsmanship, no equipment failures, and trustworthy suppliers for its success.
- The JIT system is also known as short-cycle manufacturing (as used by Motorola) and continuous-flow manufacturing (as used by IBM).
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Answer:
A web streaming company fulfills a 12-month service term paid by customers in advance.
Explanation:
Revenue is recognized from services rendered or goods delivered. It is recognized only when the risk and reward is transferred, further it relates to the normal business of company.
As in the first sentence the company makes scientific devices and it sales an agricultural land, that is sale of fixed asset.
In second case the pharmaceutical company receives donation which is anonymous.
All the things are not revenue for company.
It is only the web streaming company which shall recognize revenue as the services are rendered and revenue shall be recognized related to normal business of company.
Answer:
I think it would false hope this helps
The newest version of a product like Crutchfield headphones is likely to use price skimming, while the new version of Monster Energy is likely to use penetration pricing
<h3>What is
price skimming?</h3>
Price skimming is a pricing strategy that a company can use when launching a new product or service.
Electronic products, such as the Apple iPhone, frequently use a price-cutting strategy during the initial launch period. Then, after competitors launch competing products, such as the Samsung Galaxy, the price of the product drops to maintain the product's competitive advantage.
The pricing strategy will be influenced by the stage of the product's life cycle. The process of charging a relatively high price for a product is referred to as price skimming. Skimming is commonly used when a product is new to the market (in its introduction or growth phase) and has few competitors.
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Answer: a. The government shifted its resources from defense spending to helping big industries like the auto industry.
Explanation:
The era after the second world war saw massive government spending in the American economy. The government invested heavily in construction, education, the auto industry and others.
This led to unparalleled prosperity as Americans enjoyed high employment and high growth rates which led to high consumption and investments such that the American economy surged forward in leaps and bounds.
