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Korvikt [17]
3 years ago
13

Best Tools, a manufacturing company, needs to cut costs to remain competitive. The manager of the company believes that the answ

er lies in finding more efficient processes and is using time and motion studies to see where improvements can be made. This shows that the manager of Best Tools is using __________ to make strategic changes.
Business
2 answers:
Andreyy893 years ago
5 0

Answer:

Scientific approach

Explanation:

Best Tools, a manufacturing company, needs to cut costs to remain competitive. The manager of the company believes that the answer lies in finding more efficient processes and is using time and motion studies to see where improvements can be made. This shows that the manager of Best Tools is using scientific approach to make strategic changes.

Scientific approach could be coined in two words observational study. This is basically trying to acquire knowledge through different experimental methods so as to come uo with a hypothesis or a conclusion on the discovery .Best tools is looking for answers by using time and motion studiesto see where improvements can be made, the act of reseach, observation differnt experimental methods is used to make strategic changes. You can call this scientific approach.

OLEGan [10]3 years ago
4 0

Answer:scientific approach

Explanation:scientific approach is a process of collecting fact and applying

Logical decision technique. It involves the use of big data to source for relevant data for decision making. When using scientific method in business,you must determine the research goal,without a clear research goal you will not be able to draw conclusion from the gathered data from the research.

scientific approach in business involves investigation,evaluation,experimentation,interpretation and theorizing for effective decision making.

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Due to the high crash rates among young drivers, Driver's education or communication campaigns are being implemented in some states to reduce the rate or to solve the critical issue. Special courses for young drivers<span> to make them conscious about their personal tendencies that may affect their behavior towards driving can be helpful.</span> 

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3 years ago
In a short essay What are advantages and disadvantages of competition for buyers and sellers?
DochEvi [55]

Answer:

Competition decreases your market share and shrinks your customer base, especially if demand for your products or services is limited from the start. A competitive market can also force you to lower your prices to stay competitive, decreasing your return on each item you produce and sell.

4 0
3 years ago
Assume you are now 25 and you want to have a million dollars by the time you are 65. if you can earn 6% per year, compounded ann
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You would have to invest 97,222
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3 0
3 years ago
During the initial Forming stage, where new team members are excited yet concerned that the project work might be difficult, the
Snezhnost [94]

Answer:

The answer is a. True.

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During the initial stages, the members might be concerned that the project work might be difficult and this can act as a demotivating factor in the long run.

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8 0
3 years ago
Two gamblers bet $1 each on the successive tosses of acoin. Each has a bank of $6. What is the probability that:a They break eve
strojnjashka [21]

Answer:

Part a: The probability of breaking even in 6 tosses is 0.3125.

Part b: The probability that one payer wins all the money after the 10th toss is 0.0264.

Explanation:

Part a

P(success)=1/2=0.5

P(Failure)=1/2=0.5

Now for the break-even at the sixth toss

P(Break Even)=P(3 success out of 6)

P(3 success out of 6)

=^6C_3/(2^6)\\=5/16\\=0.3125

So the probability of breaking even in 6 tosses is 0.3125.

Part b:

So the probability that one of the player wins all the money after the 10th toss is given as the tenth toss is given as a win so

Wins in 9 tosses is given as 9!/7!=72

The probability that the other person wins

Wins in 8 out of 10 tosses is given as 10!/8!(10-8)!=10!/8!2!=45

So the probability of all the money is won by one of the gambler after the 10th toss is given as

P=number of wins in 9 tosses-Number of wins in 10 tosses/total number of tosses

P=(72-45)/2^16

P=0.0264

So the probability that one payer wins all the money after the 10th toss is 0.0264.

8 0
3 years ago
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