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Travka [436]
3 years ago
10

Magine that you have just arrived at the store to buy the new tech device you have been waiting for. You discover that the store

has already sold out of the item. How might have operations management principles have best helped this situation?
(A) Facility layout and design
(B) Quality management
(C) Forecasting
(D) Service encounter design
Business
1 answer:
Alja [10]3 years ago
5 0

Answer:

Letter c is correct.<u> Forecasting</u>

Explanation:

Operations management assists in business planning in the areas of production and service delivery. It helps to control business operations so that the entire production process is effective in terms of quality and distribution. When supply chain demand forecasting fails, products are lacking to serve all consumers. This failure should be analyzed, studied and predicted according to company data and history.

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- Safety (Security) Stock:
Nookie1986 [14]

Answer:

A) This is the stock that is kept in order to meet the uncertainty in demand and delivery delays in the supply period.

Explanation:

Companies sell products for profit. It is part of the companies strategy to have a stock that ensures that the company does not lose sales by not having the product at the time of demand. Safety stock serves to minimize the chance of the firm not having the product at a time when demand unexpectedly increases, or in cases where the supplier has unforeseen circumstances and delays delivery. Therefore, good inventory planning is important.

6 0
3 years ago
ABC Computer Company has a factory in Silicon Valley. During the current year ABC builds worth of computer components. ABC's cos
Rudik [331]

Answer:

a) 3,800,000

b) 3,300,000

Explanation:

The GDP only counts final products.

As XYZ purchase ABC production thus, ABC's production should not be included in the GDP

<em>Final goods Production:</em>

XYZ 1,000,000 x 3 sold computer =   3,000,000

         1 compuer of 800,000 in stock <u> 8,000,000</u>

           Total GDP                                   3,800,000

<em>Income:</em>

Labor:   1,000,000 + 200,000 x 4 =   1,800,000

Interest   100,000                                   100,000

Taxes      200,000 + 100,000 x 4  =      600,000

Profit       700,000  + 200,000 x 3 =  <u> 1,300,000  </u>

Total                                                    3,800,000

If there is imported goods for 500,000

Then, we should reduced from the GDP:

making it 3,800,000 - 500,000 = 3,300,000

6 0
3 years ago
What government organization formed to enforce antitrust laws and to make sure the interests of small businesses were protected
Alex
<span>Federal Trade Commission were formed for those very purpose. 

</span><span>Federal Trade Commission is an independent agency that established in united states. The purpose of this organization is to ensure customer protection from dishonest practices and eliminate various illegal business strategies to create a fairer competitive environment.</span>

5 0
3 years ago
Read 2 more answers
Suppose that $1 lottery tickets have the following probabilities and values: 1 in 5 to win a free ticket (worth $1), 1 in 100 to
Fantom [35]

Answer:

$0.36

Explanation:

Expected value of the lottery ticket = (p1 x a1) + (p2 x a2) + (p3 x a3) + (p4 x a4)

p1 = probability of winning $1 = 1/5 = 0.2

a1 = $1

p2 =  probability of winning $5 = 1/100 = 0.01

a2 = $5

p3 =  probability of winning $1000 = 1/100,000 = 0.00001

a3 = $1000

p4 =  probability of winning $1 million = 1/10,000,000 = 0.0000001

a4 = $1 million

(0.2 x 1) + (0.01 x 5) + (0.00001 x 1000) + (1,000,000 x 0.00001) = $0.36

4 0
3 years ago
In which ways can goals be classified
Sonja [21]

Answer: It says goals can be classified as : futuristic,psychological, or educational (then ) , recreational , occupational, or personal

this is the correct answer

Explanation:

8 0
3 years ago
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