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Mariana [72]
4 years ago
12

You are the manager of a small U.S. firm that sells nails in a competitive U.S. market (the nails you sell are a standardized co

mmodity; stores view your nails as identical to those available from hundreds of other firms). You are concerned about two events you recently learned about through trade publications: (1) the overall market supply of nails will decrease by 2 percent, due to exit by foreign competitors; and (2) due to a growing U.S. economy, the overall market demand for nails will increase by 2 percent.Based on this information, should you plan to increase or decrease your production of nails
Business
1 answer:
Viktor [21]4 years ago
7 0

Answer:

On the basis of given information, I'll increase my production of nails.

Explanation:

The reason for increase in production of nails are as follow:

  1. The fact that overall market supply of nails will decrease by 2 % due to exit by the foreign competitors that means my competition will decrease and it will increase the market share for me.
  2. The fact that the overall demand of nails will increase by 2 % means that now I can increase my production in order to meet the supply and demand gap.

These two facts show that it is good opportunity to increase the production as the demand has increased and competition has decreased.

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According to most project management literature, the key items to be planned, monitored, and controlled are __________.
Vanyuwa [196]

Answer:

The correct answer is schedule (time), budget (cost) and performance (resources).

Explanation:

To develop the Schedule, the outputs of the processes will be used together with the determined planning tool:

  1. Plan the Schedule Management. It consists of establishing the necessary policies, procedures and documentation. In order to plan, develop, direct and control the Project Schedule.
  2. Define the Activities. It consists of identifying those activities necessary to carry out the Project successfully.
  3. Sequence the Activities. It consists of identifying and documenting what kind of dependency exists between the different activities.
  4. Estimate resources of the Activities. It consists in estimating what type and amount of resources we need and are available to execute each activity.
  5. Estimate the duration of the Activities. It consists of establishing approximately how much time is necessary to complete each activity. As well as the number of resources estimated in the previous process.
  6. Develop the schedule. It consists in analyzing and integrating the order of execution of activities, their duration, resource requirements and possible restrictions. All this, integrated into the planned planning tool, will generate the Project Schedule, and with it the Baseline of the Schedule.
  7. Check the schedule. It consists of following the status of the Project, monitoring its progress and comparing with the baseline to manage possible changes.

The work necessary to carry out the six processes of Time Management must be preceded by a planning effort by the Project team, which is part of the process Develop the Project Management Plan. From it we will obtain, among others, the Schedule Management Plan that determines a methodology, the planning tool used, the format and the criteria to develop and control the Project Schedule.

------

NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

6 0
3 years ago
. Says law says? Do you agree or disagree with Jean? (Jean Baptiste Say) EXPLAIN. (hint...loanable funds market
Drupady [299]
To answer the question above as to Jean's explanation on Say's Law or The Law of Market.. I agree that "if there is a surplus of goods, there must be unmet of demand for others". Jean's explanation is more of a Capitalist style of management. 
5 0
4 years ago
Knowledge Check 01 Which of the following is a correct statement regarding control of over-the-counter cash receipts: multiple c
nevsk [136]

Answer: The supervisor should compare the register transactions with the cash receipts report to make sure that both are correct.

Explanation:

The cash register shows the actual amount of money that is collected by the business during the day and the cash receipts journal records the cash collected.

There is therefore a need to ensure that these two tally up as a control method. The supervisors should therefore check for this and if they find that these two are not the same, it means that there is an error somewhere that needs to be rectified.

4 0
3 years ago
Which best explains why the law of supply operates the way it does in a free enterprise economy?
postnew [5]

Answer:

D: Companies want to be as profitable as possible.

Explanation:

On quizlet.

6 0
3 years ago
What is "risk" and how can people reduce it through "risk shifting"?
lapo4ka [179]
Risk is the possibility of not getting expected result of something.
Risk shifting is one way of reducing risk. Best example for risk shifting is 'Insurance'. In this, risk is shifted to an another party like insurance company. After shifting risk to another party, if the shifted risk happened other party will gain that loss and you can claim the loss that happened because of the risk from other party. So if you have shifted your risk then you don't have to be afraid of getting that risk. Because another party is taking that risk for you but for a cost. 
3 0
3 years ago
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