Answer: both internal and external inventories
Explanation: In simple words, supply chain inventories refers to the raw material, finished goods and work in process inventories like factors that together constitutes a supply chain.
Management of supply chain refers tot he process in which the organisation tries to control and maintain the flow of inventories from on stage to the other with the ultimate objective of keeping the supply of finished goods smooth throughout the period.
It starts from procuring the suitable raw materials in right quantity and right time after that it monitors the manufacturing unit so that production is done in appropriate time period and finally makes sure that finished goods will be supplied to the market as per the time period specified by the wholesalers or retailers.
Mass production - to produce custom products in large quantities
Answer:
B : Niche marketing
Explanation:
Niche marketing is a form of target marketing where a supplier focuses his marketing efforts towards a particularly small group. His services are usually modelled to the interest of his target market. An example is a pet furniture maker dog houses and other furniture targeted at dogs for purchase by dog lovers.
<span>A team that meets to solve a one time problem is called a special purpose team. when there is a unusual problem or an emergency problem that can't be solved by a responsible person a team will be formed to solve. it is temporary and dissolved once the problem is solved.</span>
Answer:
Mary could increase the wages of the workers above the market rate.
Explanation:
The efficiency wage theory aims at ensuring high productivity level in a company by increasing the wages of it's employees above the market rate. It has been proved that an increase in wages transfer directly to the productivity levels of the employees. This is due to a number of reasons as show;
1. Fear of losing jobs: if Mary increases the wages of her employees above the average market rate, the employees will feel that they need to retain their job since the financial benefits they get from Mary's company is better than other companies. This improves increases their motivation to be productive, since the other alternatives are not so attractive.
2. Loyalty: an increase in the wages of employees make them feel appreciated and might want to work harder as opposed to feeling exploited in a company that pays them considerably less wages.
3. Lower costs of supervision: it has been proved that increasing the wages of employees makes them have a sense of responsibility since they feel like appreciated. The employees in such a case will need minimal supervision to carry out their duties.
4. Attract higher quality labor: a company that pays higher than the market rate will more often than note attract high quality labor as a show of gratitude for the wages.
