Answer:
Systematic management
Explanation:
Systematic management is an approach of management which focus on the process of the management instead of the final outcome. The objectives of this approach to the management are:
To establish the particular procedures and processes to be used in the completion of the job task.
So, the systematic management is the one which focus on the internal operations as managers are concerned with the growth brought about through the Industrial Revolution.
Answer:
Marketing mix
Explanation:
The marketing mix is a combination of product, price, place, and promotion. The marketing mix is also called 4Ps. These factors determine the marketing strategy through which they get to know their position in the market.
The price is the value which is given to the customers
The product is the item which is to be shown to the customers
The place is the location in which the product is sold to the customers
And the last is a promotion in which the product is communicated to the end numbers of people either by word of mouth, by adverting, etc
Answer:
TRUE
Explanation:
Value can be defined as the thing for which an customer is willing to pay the price. It is the activity on any shop floor or business for delivering the product or service to the customer for which the customer is ready to pay the price for it.
If the customers does not wish to pay the price, then there is no value.
So inside a factory, in a shop floor, moving a part from one place to another for making a product that the customer is willing to pay is a value added activity. But excess movement or transportation of product does not any value to it, it is then considered as a waste.
Also storing of products is a non value activity as storing a product will not help the customer in any way and a customer will not pay for a product when it is stored and is of no use to the customer.
Answer:
The correct answer is E. master production schedules.
Explanation:
Master production schedules is not an input to the aggregate planning process all other options are its input,
Aggregate planning process is an attempt to respond to predicted demand within the constraints set by product, process and location decisions.
Hence, master production schedules is not a relevant input for this planning process but can be a result of the aggregate planning process. In other words master production schedule is formed after aggregated planning has been completed.
Option A. 300000.
The four main ways to account for inventory are specific identification, first in first out, last in first out, and weighted average methods.
The retail inventory method is an accounting method used to estimate the value of a store's merchandise. The retail method provides the ending inventory balance for a store by measuring the cost of inventory relative to the price of the merchandise.
The FIFO method is the most popular inventory method because it's the one that most closely matches the actual movement of inventory for most businesses. This method assumes that the first products you acquired will be the first that are sold.
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