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soldier1979 [14.2K]
3 years ago
9

One useful method of process improvement involves consideration of how another organization performs a process, identifying and

analyzing best practices for improvement ideas. This method is known as: ​
a. benchmarking
b. root cause analysis
c. comparative improvement
d. voice of the customer
Business
1 answer:
Sergio [31]3 years ago
7 0

Answer:

a. benchmarking

Explanation:

Benchmarking is a management strategy that a  business uses to measure productivity, or set goals based on the industry's best practices. An organization applies the benchmarking approach to evaluate its quality, processes and procedures, and performance against that of other firms. An organization uses the benchmarking report to improve its operating and product standards.  

Benchmarking can be internal or external. Internal benchmarking involves comparisons between teams, departments, or individuals within an organization. External benchmarking is where a firm gauge its critical operations against those of its competitors or other similar companies.

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Bull’s weighted average cost of capital (WACC) be if it has to raise additional common equity capital by issuing new common stoc
hram777 [196]

Answer:

with only one chain and one pendant per necklace.write an expression that shows how much it will cost ronnie to make s short necklaces and n long necklaces. then find the cost for 3 short necklaces 2 long necklaces

8 0
4 years ago
Bradford, Inc., expects to sell 11,000 ceramic vases for $21 each. Direct materials costs are $3, direct manufacturing labor is
Delvig [45]

Answer:

$231,000

Explanation:

With regards to the above, the total sales would be;

= Number of units Bradford inc. Is expected to sell × Per unit of ceramic vases

Given that;

Units expected to be sold = 11,000

Per unit of ceramic vases = $21

Total sales

= 11,000 units × $21

= $231,000

Since we were asked to get the total sales, we will simply multiply the per units sold with the units expected to be sold. Other information are not useful for the purpose of calculating the total sales.

3 0
3 years ago
Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
allochka39001 [22]

Answer:

OB. Gross Purchases.

Explanation:

Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns),  discounts and allowances received.

Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.

Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.

4 0
3 years ago
In this exhibit (Monopoly Through Collusion), given the duopoly industry illustrated in the exhibit, if the two firms colluded t
tekilochka [14]

Answer:

c: P2; given by the area of the rectangle P1P2BG

Explanation:

Under monopoly, equilibrium is attained where firm's MC becomes equal to firm's MR. In the above diagram, this situation is satisfied 2 times i.e. at Q1 and Q2. This means market price may be P2 or P3 because MC = MR1 at equilibrium quantity Q1 and equilibrium price P3 while MC = MR2 at equilibrium quantity Q2 and price P2.

Economic profit of the firms is the total revenue minus total cost of the firm so it will be area above the MC curve i.e. either P1P2BG or P1P3AF.

But in the options there is presence of only P1P2BG. Therefore, (c) is the correct answer.

7 0
4 years ago
Manufacturing overhead includes: Multiple Choice all direct material, direct labor and administrative costs. all manufacturing c
Serhud [2]

Answer:

all manufacturing costs except direct labor and direct materials

Explanation:

Manufacturing or production/Factory costs are usually classified as direct or indirect.  

Direct cost are those costs incurred that are directly linked to production.  

This includes direct labour, direct material, etc.

Manufacturing overheads or indirect costs are costs incurred in the production process that may not be linked directly to the production of goods and services.

4 0
3 years ago
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