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Fiesta28 [93]
3 years ago
10

Which estimating technique uses a statistical relationship to calculate cost or duration based on historical data and other proj

ect parameters?Selected Answer:a. parametric estimatingAnswers:a. parametric estimatingb. analogous estimatingc. grass roots estimatingd. empirical estimating
Business
1 answer:
Yuliya22 [10]3 years ago
3 0

Answer:

parametric estimating

Explanation:

parametric estimating - it is referred to as a technique that is induced to calculate the exact cost and duration for any project. It defined the relationship between the variables (published data) needed to estimate the cost and duration. it determined the total number of units that need to be required and unit cost for a particular project. The main application of this technique is seen in filed like engineering, life science, etc.

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Trader Joe's is an American chain of grocery stores headquartered in Monrovia, California. Trader Joe's creates a competitive ad
Goryan [66]

Answer:

Differentiation focus strategy

Explanation:

Competitive advantage is defined as the factors or strategy that gives a firm an edge over others in the same industry.

They are able to sell more product and make more profit than their competitors.

Trader Joe's creates a competitive advantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals.

They are using differentiation focus strategy which entails developing a unique product based on selected attributes that are widely valued by customers.

Focus is given to making products that specifically meet these needs.

The result is a product that is unique in the industry. Products from Trader Joe's can't be found anywhere else. Also they provide a unique atmosphere and unique interaction with their staff.

They have been able to have reduced pricing through research and other tactics aimed at reducing cost of production in a sustainable manner.

4 0
3 years ago
A document which is an illegal copy of something. made for the purpose of deception, is known as
Harlamova29_29 [7]
A document which is an illegal copy of something. made for the purpose of deception, is known as counterfeit.
5 0
3 years ago
The payment to entrepreneurship is called
Novay_Z [31]

<span>Profit is the payment to entrepreneurship. When the entity’s amount earned exceeds the amount spent in buying, operating, or producing something and it has a financial gain, this is then the term we call the profit.  This is what an entity obtains when the amount of revenue from a business activity exceeds the expenses, costs and taxes which are all needed to sustain the activity. The owner may or may not decide to use the profit on the business.  This is also defined as the money the business makes after all the expenses have been taken into account. It is any company’s goal to consistently earn profit. This is the reason why much of business performance is based on the various forms related to profitability. </span>

6 0
3 years ago
A manager is concerned that there isn’t enough time spent on production and too much time spent on setups. The manager decides t
r-ruslan [8.4K]

It will result in an increase in average inventory as larger batches require more time to be completed.

<h3>What is Operations Management?</h3>

Operations management (OM) is the management of business practices within an institution to achieve the highest level of efficiency possible. It is involved with converting materials and labor as efficiently as feasible into goods and services in order to maximize an institution's profit.

<h3>What are the 3 types of operations management?</h3>
  • Product design and product.
  • Planning and managing of manufacturing facilities.
  • Purchasing/procurement.
  • Forecasting.
  • Capability planning.
  • Inventory control.
  • Quality control.
  • Delivery to clients.

To learn more about Operations management, refer

brainly.com/question/1382997

#SPJ4

3 0
2 years ago
In a company's standard costing system, direct labor-hours are used as the base for applying variable manufacturing overhead cos
BARSIC [14]

Answer:

From this information one can conclude that last period the variable overhead efficiency (quantity) variance was <u>unfavorable.</u>

Explanation:

The variable overhead efficiency variance measures the difference between the actual and budgeted hours worked with respect to standard variable overhead rate per hour.

Variable overhead efficiency variance can be calculated thus:

Actual labor hours less budgeted labor hours x Hourly rate for standard variable overhead

If the time it takes to manufacture a product and the time budgeted for it matches or performs well, the labor efficiency is favorable.

Variable overhead efficiency variance is deemed unfavorable when it takes the company more time than budgeted to produce. This also shows labor efficiency variance was unfavorable.

4 0
3 years ago
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