Continuous improvement:

Business

1 answer:

pshichka [43]3 years ago

8 0

Answer:

Continuous improvement rejects the notion of good enough.

The correct answer is E

Explanation:

Continuous improvement is a process that enhances improvements in products and services from time to time. It is an on-going systematic effort aimed at enhancing the quality of products and services. Continuous improvement rejects the notion of good enough.

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select all that apply when matching aptitudes to careers which three categories of aptitudes would you consider. people, physica

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Some characteristics of an automotive tire are its Size, Material, Internal Construction (bias ply, steel belted for example), t

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Money available to the buyer is most important factor which needs to be considered. Also the quality of the old tires is considered before making a decision to replace tires. The life of tire is dependent on the running of the car plus the quality of the roads.

Explanation:

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When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is _________, so

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When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is low so the quantity of money demanded will be high.

If interest rates go up, the demand for money will go down. Once it equals the new money supply, there will be no more difference between how much money people are holding and how much they want to keep, and the story is over. This is why (and how) a decline in the money supply raises interest rates.

As interest rates rise, the amount of money demanded decreases because the opportunity cost of holding money decreases. As interest rates rise, aggregate demand shifts to the left. The interest rate effect arises from the idea that higher price levels reduce the real value of household holdings.

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The herfindahl index suppose that three firms make up the entire wig manufacturing industry. one has a 50% market share, and the

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Part A:

Given that three firms make up the entire wig manufacturing industry. One has a 50% market share, and the other two have a 25% market share each. The Herfindahl index of this industry is given by:

The Herfindahl-Hirschman index (HHI) is a commonly accepted measure of market concentration. It is calculated by squaring the market share of each firm competing in a market, and then summing the resulting numbers, and can range from close to zero to 10,000.

Therefore, the Herfindahl-Hirschman Index is given by:

$HHI=50^2+25^2+25^2=2500+625+625=3750$

Part B:

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The HHI increases as firms leaves the market. As firms leaves the market the shares of the market previously held by the leaving firms are shared amongst the remaining firms in the market thereby increasing the HHI.

For instance, assumint the firm with 50% of market share acquired additional 10% of the leaving firm's market share and the other firm with 25% acquired the remaining 15%.

The new HHI is given by:

 $HHI=60^2+40^2=3600+1600+625=5200$ 

Part C:

The largest possible value of the herfindahl index is 10,000 because: an index of 10,000 corresponds to a monopoly firm with 100% market share.

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Explanation:

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