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3 years ago

One of juran's ten steps to quality improvement states that:

Business

1 answer:

daser333 [38]3 years ago

6 0

Answer:

an organization should build awareness of the need and opportunity for improvement.

Explanation:

Juran’s 10 steps to quality improvement are:

Build awareness of opportunity to improve.

Set-goals for improvement.

Organize to reach goals.

Provide training

Carryout projects to solve problems.

Report progress.

Give recognition.

Communicate results.

Keep score.

Maintain momentum by making annual improvement part of the regular systems and processes of the company

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Elastic demand exists when:

arlik [135]

Answer:

B. a small percentage decrease in price produces a larger percentage increase in quantity demanded and total revenue increases.

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded / percentage change in price

Demand is elastic if a small percentage decrease in price produces a larger percentage increase in quantity demanded . Total revenue would increase because the percentage increase in Quanitity demanded exceeds the percentage decrease in price.

If demand is elastic, a small percentage increase in price produces a larger percentage decrease in quantity demanded and total revenue increases.

Here, total revenue falls because percentage decrease in price exceeds the percentage increase in price.

Demand is inelastic if a small percentage decrease in price produces a smaller percentage increasein quantity demanded.

Demand is perfectly inelastic if the quantity demanded remains the same regardless of level of price.

I hope my answer helps you

6 0

3 years ago

Lester's just signed a contract that will provide the firm with annual cash inflows of $28,000, $35,000, and $42,000 over the ne

Free_Kalibri [48]

Answer:

$64,474.20

Explanation:

As for the information provided,

discount rate = 7.25%

First payment will be made at the end of year 1

Discounting factor = $\frac{1}{(1+0.0725)^1} = 0.9324$

Thus, current value of payment = $28,000 \times 0.9324$ = $26,107.20

Discounting factor for receipts =

Year 1 = $\frac{1}{(1+0.0725)^1} = 0.9324$ = $28,000 $\times$ 0.9324 = 26,107.20

Year 2 = $\frac{1}{(1+0.0725)^2} = 0.8694 = 35,000 \times 0.8694 = 30,429$

Year 3 = $\frac{1}{(1+ 0.0725)^3} = 0.8106 = 42,000 \times 0.8106 = 34,045.20$

Therefore, value of contract today = - $26,107.20 + $26,107.20 + $30,429.0 + $34,045.20 = $64,474.20

5 0

3 years ago

Describe the relationship between farmers and co-operative

Alecsey [184]

Answer:

An agricultural cooperative, also known as a farmers' co-op, is a cooperative where farmers pool their resources in certain areas of activity. ... Supply cooperatives supply their members with inputs for agricultural production, including seeds, fertilizers, fuel, and machinery services.

Explanation:

5 0

2 years ago

The graphs show the market for bags of potato chips, which is currently at an equilibrium price of $ 1.33 per bag and an equilib

Neporo4naja [7]

This question is incomplete.

The complete question, answer & explanation for this question is given in the attachment below.

4 0

3 years ago

Because your mother is about to retire, she wants to buy an annuity that will provide her with $75,000 of income a year for 20 y

siniylev [52]

The calculated present value of the annuity is $915,166.70.

Explanation and Solution:

Annuity is a collection of fixed payments made or earned either at the close or at the beginning of any term such that a significant initial payment or receipt may be turned into a set of comparatively minor payments or receipts. An annuity that lasts indefinitely is called perpetuity.

The formula for the present value of the annuity is given by:

$P = \frac{1- (1+i)^{-n} }{i} * R$

Where;

R = annual payment = $75,000

i = interest rate = 5.25%

P = Present value of annuity

n = number of years = 20 years

P = $\frac{1- (1+5.25)^{-20} }{5.25} * 75,000$

P = $915,166.70

5 0

3 years ago