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Roman55 [17]
3 years ago
9

What business approach has enabled walmart to drive prices down and react to market conditions more quickly?

Business
2 answers:
MatroZZZ [7]3 years ago
8 0

Answer:

(C) Supply chain management system

Explanation:

This is the business approach that has enabled Walmart to drive prices down and react to market conditions more quickly. Walmart has been able to achieve this through supply chain management. This refers to the control of the flow of goods and services involved in production. This production usually refers to the whole process of transforming raw materials into final products. Producers who employ this strategy usually do so in order to gain a competitive advantage.

oee [108]3 years ago
3 0

Answer:

C) Supply chain management system

Explanation:

Supply Chain Management (SCM) includes all processes that transform raw materials into final products in order to maximize customer value and gain a competitive advantage in the marketplace. SCM covers everything from production to product development to the information systems needed for the best management.

The supply chain cycle of Wal-Mart includes procurement, manufacturing, distribution, retailing. As a retailer, Wal-Mart has to source its products from vendors domestically and globally, this creates a more effective supply chain that allows for lower prices.

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Answer:

C.

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Production efficiency is based on a business's ability to produce the highest number of units of a good while using the least amount of resources possible.

Also, is the comparison of what is actually produced or performed with what can be achieved with the same consumption of resources (money, time, labor, etc.).

In this example, the firm has already meet the efficient point. It is not possible to produce the same level of production with less resources.

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The correct answer is decreasing in price will increase the quantity demanded.

<h3>Why does price decrease when demand increases?</h3>

If demand does not change, there is an inverse relationship between the supply of goods and services and the price. As the supply of goods and services increases with the same demand, prices tend to fall to lower equilibrium prices and higher equilibrium quantities of goods and services.

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1 year ago
According to mesmer-magnus and viswesvaran, organizational employees have three options to address an unsatisfactory situation f
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According to Mesmer-Magnus and Viswesvaran, organizational employees have three options to address an unsatisfactory situation faced within an organization. These include: exiting the organization, remaining silent, voice discontent.

<h3>What are organizational employees?</h3>

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7 0
1 year ago
Suppose you deposit $1,091.00 into an account 6.00 years from today that earns 12.00%. It will be worth $1,728.00 _____ years fr
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Answer:

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Giving the following information:

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<u></u>

n= ln(FV/PV) / ln(1+i)  

n= ln(1,728/1,091) / ln(1.12)

n= 4.058 years

It will take 10.058 years from today.

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2 years ago
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