Answer:
B. In JIT purchasing, raw materials (or goods) are purchased so that products are delivered just as needed for production or sales.
Explanation:
JIT stands for Just in time management. It is an inventory management approach that advocates for the purchase of materials just when they are needed for production. In JIT, there is no storing of materials for use for future production. The purchase of materials is aligned with the production process.
The success of JIT is dependent on management ability to forecast sales volumes accurately. Management must work with reliable suppliers to ensure that materials are available when required. JIT lower's the cost of inventory management by eliminating the need to store huge quantities of materials. It reduces wastage by doing away with losses that arise due to the storage of bulk materials.
Answer:
Emma Burnley has a wide span of control
Explanation:
Span of control is defined as the number of subordinates that are directly reporting to a manager . It can be narrow or wide depending on the number of reporting employees.
In a situation where a large numbers and layers of employee report to a particular manager , it is called a wide span of control
Employees get more responsibilities with less supervision and get motivated. However , the manager might just get overworked and have trouble making decision.
Answer:
D.administered distribution system.
Explanation:
Administered Distribution System is a system in which producer manages all the marketing functions at the retail outlets.
Answer:
The correct answer is letter "A": the five forces framework.
Explanation:
Porter's Five Forces is an analysis scheme created by Harvard Business School professor Michael E. Porter (<em>born in 1947</em>). It allows business managers to gauge the level of competition within their company's industry, and thus assess current and potential lines of business. The ultimate goal of this analysis is to help managers set their profitability expectations because profitability decreases as competition increases.
