Answer: a reduction in safety stock and/or lead time
Explanation:
Kanban is a visual system that is used for the management of work as the work moves through a process. It should be noted that it is a concept that tells one what to produce, quantity to produce and when to produce it.
A reduction in the number of kanbans (given a constant container size) requires a reduction in safety stock and/or lead time.
<span>Channel management is defined as the type of management that is used in a situation where a company develops various marketing techniques and strategies in order to reach the widest possible customer base. The channels are the means used to market the product. Unethical activity usually caused by channel management is UNFAIR DISCRIMINATION. </span>
Answer: True
Explanation:
The quality improvement teams are groups of employees that are from various departments who come together and meet regularly in order to define, analyze, and then solve common production problems.
The aim of the quality improvement team is to improve the production process. This is achievable by them working on their methods.
Answer:
Q = 10
Explanation:
Assuming that supply remains the same, the new supply and demand equations are, respectively:
The equilibrium quantity occurs at the point for which the prices in the supply and demand equations are the same:
The new equilibrium quantity is Q = 10.
Answer:
Explanation:
This is an annuity question. You can solve this using a financial calculator with the following inputs;
Present value ; PV = -20,000
Duration; N = 15 payments
2 year interest rate; I = [(1.07)^2 ] -1 = 14.49%
One-time future cashflow; FV = 0
Then compute recurring payment ; CPT PMT = $3,336.28
Therefore, you'll pay $3,336.28 every 2 years
