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.
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.
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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
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.
