Answer:
Just -in-Time(JIT)
Explanation:
Just in time is a lean manufacturing approach through which Organisation manage inventory in such a way that the supplies are received just at the time it is required, just-in-time is one of the key strategies adopted by Toyota in Japan in order to enhance its Efficiency and ensure that it doesn't take the cost of storing inventories in its operations.
Answer:
Midpoint value of price elasticity of demand = -2.07
Explanation:
We know,
Midpoint value of price elasticity = ![\frac{(Q_{2} - Q_{1})/[(Q_{2} + Q_{1})/2] }{(P_{2} - P_{1})/[(P_{2} + P_{1})/2] }](https://tex.z-dn.net/?f=%5Cfrac%7B%28Q_%7B2%7D%20-%20Q_%7B1%7D%29%2F%5B%28Q_%7B2%7D%20%2B%20Q_%7B1%7D%29%2F2%5D%20%7D%7B%28P_%7B2%7D%20-%20P_%7B1%7D%29%2F%5B%28P_%7B2%7D%20%2B%20P_%7B1%7D%29%2F2%5D%20%7D)
Given,
Original Price, 
= $15
New Price, 
= $12
Original Quantity demanded, 
= 1,000 units
New Quantity demanded, 
= 1,600 units
Putting the value in the above midpoint formula, we can get
Midpoint value of price elasticity = ![\frac{(1,600 - 1,000)/[(1,600 + 1,000)/2]}{(12-15)/[(12+15)/2]}](https://tex.z-dn.net/?f=%5Cfrac%7B%281%2C600%20-%201%2C000%29%2F%5B%281%2C600%20%2B%201%2C000%29%2F2%5D%7D%7B%2812-15%29%2F%5B%2812%2B15%29%2F2%5D%7D)
Midpoint value of price elasticity = 
Midpoint value of price elasticity = 
Midpoint value of price elasticity of demand = -2.07
Answer:
To help expand New Belgium’s brand(NBB) image to consumers in different other parts of the country, NBB will have to link advertisements to the company’s social network pages. This would be the most efficient and effective way to stream advertisement to new countries, or different other parts of the country.
Explanation:
NBB carries a strength of knowing their brand. With an expansion making use of branding and communication strategies, they would have succeed in their goal of being a unique culture remaining committed to their initial mission of being a fun, socially, and environmentally responsible company. For the company to maintain its whimsical and personal touch with consumers, NBB should spring forth new ideas to communicate with consumers, this will keep the customers updated and make them interested in staying loyal to the company.
Answer:
a. take advantage of underpriced labor services available in certain developing countries.
b. gain access to special R&D capabilities residing in advanced foreign counties.
c. boost profit margins and create shareholder value.
d. avoid regulations and lower tax burdern
Explanation:
Multinational corporation is a company that operates locally in its home country and also aborad. It usually maintains a central office that coordinates business activities.
MNCs have various advantages which includes:
- taking advantage of lower priced labour in developing countries, for example some companies take advantage of cheap labour in China to produce their goods.
- when a company operates in an advanced economy it will take advantage of research and development there.
- regulations and tax burdens can be avoided by setting up manufacturing plants in countries with low regulatory policies.
- MNCs boost shareholder profits by taking advantage of their multiple locations to gain more profits.
