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3 years ago

Producers often work to maximize their and make them as large as possible. True or False

Business

2 answers:

dsp733 years ago

5 0

The correct question should be:

Producers often work to maximize their profit and make them as large as possible. True or False

Answer: True

Explanation:

The aim of every business is to make profit. A producer is into the business of taking raw materials and processing them into finished or semi-finished goods and selling them to make profit.

Naya [18.7K]3 years ago

5 0

Answer:

profits

Explanation:

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High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumber yard in Calgary. The lead

ArbitrLikvidat [17]

Answer:

a. On average, the number of boards they have on order = 1,056 boards.

b. On average, the number of boards they have =560 boards.

c. Total holding cost per week = $140.

d. Holding cost incurred per board = $ 0.25.

Explanation:

In the question, the details given are:

Service level =96 %

Lead time =3 weeks

Weekly demand =150

Standard deviation=200

This is a case of variable demand and constant lead time

a. Reorder point =Demand during lead time +Safety stock

=Average weekly demand*lead time+z*sqrt(lead time)*standard deviation of weekly demand

=150*3+NORMSINV(0.99)*sqrt(3)*200

=450+1.7507*sqrt(3)*200

=450+606.46=1,056.46

=1,056 (nearest whole number).

On average, the number of boards they have on order = 1,056 boards.

b. For a normal distribution,

z=x-mean/std deviation

z-value for a 96% confidence level = 2.05

2.05=x-150/200

x = 150+2.05*200=560

On average, the number of boards they have =560 boards.

c.Total holding cost per week=Average inventory *holding cost per week=560/2 *0.5=280*0.5 =$140

d.Holding cost incurred per board =Total holding cost /Number of boards =140/560 = $ 0.25.

5 0

3 years ago

g The process of gathering information and forecasting relevant trends, competitive actions, and circumstances that will affect

wariber [46]

Answer:

C. environmental scanning

Explanation:

Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment.

Basically, the informations acquired through environmental scanning are used by the executive (top) management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.

Furthermore, the internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.

On the other hand, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.

In conclusion, environmental scanning is a process which typically deals with gathering external and internal informations, forecasting relevant trends to an organization, competitive actions, and circumstances that will affect business operations in geographic areas of potential interest to an organization.

5 0

2 years ago

The graphic-design team meets weekly with the executive director of marketing, Mr. Kitano. Identify the adjectives in the preced

Mila [183]

Answer: Graphic -design, Executive

Explanation: Adjectives are words that qualify a noun. They give more information and specifics about the now they qualify. In the preceding sentence, the adjectives are Graphic-design which qualifies the noun 'team' and Executive which qualifies the now 'Director'.

4 0

2 years ago

Jimmy knows that to pass the fitness test he needs to be able to run 5 kilometers in 35 minutes. His pace monitor measures in mi

slega [8]

Answer:

The answer is option (c), no he will not pass because he is running 4.8 miles in 35 minutes

Explanation:

This can be expressed as;

Speed=Distance/Time

where;

Distance to be covered=5 kilometers

Time=35 minutes

replacing;

speed=(5/35)=0.143 km/min

In order to pass the fitness test his speed has to be greater than 0.143 km/min

Determine if 3 miles per 35 minutes is greater than 0.143 km/min

I mile=1.6 kilometers

How many kilometers make 3 miles,

Jimmy runs=(3×1.6)=4.8 kilometers in 35 minutes

Speed=4.8/35=0.137 kilometers/minute

Speed jimmy runs (0.137 km/min)<the pace he needs to run to pass fitness test(0.143 km/min)

The answer is option (c), no he will not pass because he is running 4.8 miles in 35 minutes

4 0

3 years ago

Read 2 more answers

Northern Illinois Company expects to sell 36,000 units of finished goods over the next 6-month period. The company has 12,000 fi

sp2606 [1]

Answer:

38,000 units

Explanation:

Total production required = Forecasted unit sales + Planned finished goods inventory balance = 36,000 + 14,000 = 50,000 units

Products to be manufactured = Total production required - Beginning finished goods inventory = 50,000 - 12,000 = 38,000 units

The number of finished units to be produced = 38,000 units

So the correct answer will be 38,000

8 0

2 years ago