Answer:
The answer is letter A. Earning normal profits because their returns on investment are equal to the opportunity costs of the time invested.
Explanation:
Because all resources are being used efficiently and there is no need to use them elsewhere.
Answer:
True
Explanation:
The term business operating system (BOS) refers the to standard, enterprise-wide collection of business processes that are used in many diversified industrial companies.
It refers to a collection of the business processes that can be used to boost the efficiency of each function of the business. It includes the fundamental framework, policies and routines which are needed to operate and grow a business.
It has been adopted by companies like; The Lego Group, Toyota Motor Corporation and The Boeing Company.
12 federal reserve banks hope that helps
Options:
A. Team based new product development
B. Customer centered new product development
C. Crowdsoursing
D. Systematic new product development
E. New Market Strategy.
Answer:
B. Customer centered new product development.
Explanation: Customer centered new product development is a product development concept which is focuses more on the satisfaction of the needs of the customer. This type of product development strategy ensures that the needs of the customers, some times research or surveys or questionaires are used to first determined the needs of the target market or target customers before finally designing the product.
Answer:
the maximum price the company can pay for the component is $24.65
Explanation:
- direct materials: $8.10 per unit
- direct labor: $6.40 per unit
- variable manufacturing overhead: $1.70 per unit
- fixed manufacturing overhead: $4.40 per unit
- total variable costs: $20.60 per unit
Current total manufacturing costs for 16,000 units = $20.60 x 16,000 units = $329,600
if the component is bought, 30% of fixed costs can be avoided = $4.40 x 16,000 x 30% = $21,120 or $1.32
or the machine can be used to manufacture another product that has a contribution margin of $8.10 per unit and a total production of 8,000 units = $8.10 x 8,000 = $64,800 or $4.05 per unit
by purchasing the component from a vendor, the company will save either $1.32 or $4.05 per unit
therefore the company should purchase the component if its maximum price is = $20.60 + $4.05 = $24.65
