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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.

You might be interested in
If a firm decided to reevaluate and reorganize the way it did business, in hopes of creating competitive advantage, by changing
Vsevolod [243]

Answer:

C. Business process improvement.

Explanation:

Product reevaluation and Life cycle costing are product dependent and aims to improve products on the individual level and the business on the whole.

Business Intelligence is when businesses use different types of data to compile an analysis for informed decision making.

A value chain refers to all the activities that a business undertakes from procurement of raw materials to adding value. This can be a part of improvement process but it is not directly related.

Business process improvement is when management identifies all the business processes and analyses if there is a need for improvement and identifying areas that need change - then improving upon these findings.

This is the right answer.

Hope that helps.

6 0
2 years ago
How can the lassez-faire doctrine be described?
nydimaria [60]

Answer: c) a free market with limited government regulation of business

Explanation:

Lassez-faire doctrine is a doctrine in an economy system in which government interference is limited or reduced to the minimum. The economic system in a lassez-faire economy is determined by the market forces. Thus, if businesses are allowed to function or operate on their own, compete with one another and so on, production and exchange will be better.

6 0
3 years ago
Read 2 more answers
One of the major challenges facing companies today is to keep the customers they already have since there are fewer customers to
maria [59]

Answer: d. the costs of attracting new customers are rising.

Explanation:

Due to the fact that companies always want to keep their old customers and ensure customer loyalty, they try as much as possible to satisfy them and meet their needs.

Due to this reason, the cost of attracting new customers are high. Companies go through a lot of processes to get new customers such as promotion, advertisement to attract new customers etc. The cost involved are typically high.

8 0
2 years ago
Select all the correct answers. Which two research options are examples of secondary sources? Select all the correct answers.
denis23 [38]

Answer:

Research studies, Case studies, Books, Information from organization's database.

Explanation:

The secondary sources are defined as the sources that is used to describe or summarize or discuss the information and the details which is originally presented in the other sources. It provides a good overview of the topic or the subject that we are studying or doing a research.

Some of the secondary researches during a research process are :

Research studies, Case studies, Books, Information from organization's database.

4 0
2 years ago
Now suppose that Congress, concerned about the welfare of the working class, passes a law setting a minimum wage that is 10 perc
zlopas [31]

Answer:

hello your question is incomplete attached below is the complete question

A )   $7.766

B )   4350 workers

C )   61777.20

D )    $33782.10

Explanation:

A) Real wage = 4 *  (\frac{K}{L} )^{0.2}

 where ; K = 120000,  L = 7000

   hence Real wage = 7.06  before 10% increase

After 10% increase ; Real wage =  7.06 + (7.06 * 0.1 )  = $7.766

B) employment ( L )

L = \frac{4^5 * K}{W^5}   =  L = \frac{1024*120000}{28247.95}  =  4350 workers

C) Output

Y = 5 ( 120000 )^0.2  *  (7000)^0.8

    = 61777.20

D) Total amount earned by workers

      L * W = 4350 * 7.766

            =  $33782.10

3 0
3 years ago
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