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artcher [175]
3 years ago
12

By definition, _______________ occurs when quantity supplied is greater than quantity demanded

Business
1 answer:
Julli [10]3 years ago
5 0

Answer: Surplus

Explanation:

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supply Chain Management textbook JIT inventory systems is to economies on inventory holding costs by having materials arrive at
UkoKoshka [18]

Answer:

The correct answer is decreases.

Explanation:

In a Just-in-time system, waste is defined as any activity that does not add value to the customer. It is the use of resources above the necessary theoretical minimum (labor, equipment, time, space, energy). Excess stocks, preparation times, inspection, movement of materials, transactions or rejections can be wasted.

It is not a project at all, but a process. It is not a list of things to do, but a process that helps establish an order of priorities in what is done. The purpose of the JIT method is to improve a company's ability to respond economically to change.

The conventional description of JIT as a system for manufacturing and supplying goods that are needed, when needed and in the quantities exactly needed.

8 0
3 years ago
a market is considered to be a(n) when the largest four firms in an industry control more than 40% or more of the market..
Zarrin [17]

The phenomenon "a market is considered to be a(n) when the largest four firms in an industry control more than 40% or more of the market" is known as an oligopoly.

<h3>What is an oligopoly?</h3>

Generally, an Oligopoly is a kind of market structure in which a few major sellers or manufacturers control a market or industry. Oligopoly may refer to either a market or an industry.

Oligopolies are often the consequence of a drive to maximize profits, which frequently results in a collaboration between competing businesses.

Oligopoly refers to a market structure that is defined by a limited number of enterprises that are aware that their pricing and production strategies are depending on one another.

The number of businesses is low enough that each one may have some influence on the market.

Read more about oligopoly

brainly.com/question/14093864

#SPJ1

4 0
1 year ago
Exercise 1-8A Prepare a balance sheet (LO1-3) Wolfpack Construction has the following account balances at the end of the year. A
mr_godi [17]

Answer:

Please see balance sheet below.

Explanation:

Wolfpack construction balance sheet.

Dec 31

Assets $

Cash 6,000

Land 18,000

Equipment 26,000

Total assets 50,000

Liabilities.

Accounts payable 3,000

Notes payable 20,000

Total liabilities 23,000

Equity

Common stock 11,000

Retained earnings 16,000

Total stockholders equity. 27,000

Total liabilities and stockholder's equity(23,000 + 27,000) 50,000

8 0
4 years ago
How much money does the government take from your paycheck?
QveST [7]

Answer:

15.32%

Explanation:

8 0
3 years ago
You work in the marketing research department of Burger King. Burger King has developed a new cooking process that makes the ham
Bogdan [553]

Answer with its Explanation:

The first step is to diversify the sample size so that our sample includes every person from different cultures, geographic, religions, genders, etc., which would help in better assessment of the product's future in the market.

Second step is to set a sample size for receiving the feedback of the customers at required confidence interval that is Burger King's goal to achieve. For example, Burger King desires to achieve 93% customer satisfaction and the error rate would determined by using the confidence interval. This sample size would be calculated using the practical approach.

Third step is to ensuring that the errors in prediction are reasonably low by practical approach, confidence interval approach and diversified test samples. All this will help the company to ensure that they have accurate results in hand for decision making.

8 0
4 years ago
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