Do know how to follow instructions and work as a team
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 administration of business practices within an organization to achieve the highest level of efficiency possible. It is concerned with converting materials and labor as efficiently as possible into goods and services in order to maximize an organization's profit.
At its most basic, management is a discipline comprised of five general functions: planning, organizing, staffing, leading, and controlling. These five functions are part of a larger set of practices and theories about how to be a good manager.
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Answer:
Competition-based.
Explanation:
Competition-based pricing is a strategy of adopting similar pricing to companies in the same industry. It is a method based on competitive price observation and publicly disclosed information.
This method is not fully effective, although the added benefits of simple implementation, low risk and accuracy, there may be several missed opportunities when adopting the competition-based pricing method. Copying competitors' prices may not be a good solution to maximize profits, it is a short-term solution that may not be aligned with business strategy and the value and perception of consumers about your products and services.
So there are several other variables that influence profitability, and often following a criterion of copying prices is not enough, the ideal is for each company just to orientate itself to the other and establish a pricing that justifies its strategy.
Answer:
D) the political process results in collective actions in which everyone is obliged to participate while in the market process individuals are free to participate or not.
Explanation:
We live in a democracy and a capitalistic country, which means that we should all participate in political processes, e.g. presidential elections. Many countries set a fine for people not voting, but the US doesn't. But that doesn't mean that citizens should not participate, your moral and civic obligations (rights and responsibilities) allows you to register to vote and you should vote.
On the other hand, since the US is a capitalistic country it does not decide how resources should be allocated. Well, it partially does through taxes and government spending, but for the most part the government does not force anyone to work at a specific job or engage in specific economic transactions. You are free to participate in any economic transaction, including working or not, and the government will not force you to do so or not to do so.
<em>Firms spend millions of dollars to create brand names that have no established meanings in order to prevent any</em><em> potential humiliation</em><em> that</em><em> language confusion </em><em>may bring</em><em>.</em>
<h3>What Is a Brand Name?</h3>
A brand name is the name you use to describe a group of goods or services you provide or a specific line of goods or services you provide. For instance, Nike is the brand name applied to the majority of products produced by Nike, Inc.
<h3>What is a brand name for a business?</h3>
The products of one company are distinguished from the products of another by their brand names. In the case of well-known brands like Sony, Nike, or Shell, a brand name and the business name may occasionally coincide when the corporation decides that one name is acceptable to serve as the identification of all its goods.
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