Answer:
The correct answer is letter "B": target market.
Explanation:
The target market represents the potential consumers of a good or service. If ABC company changes the packaging of its plastic model cars to attract more discerning buyers they are focusing on attending other consumer preferences not necessarily implying that the previous customers will decline to purchase the plastic model cars in the new presentation.
Answer:
d. to reduce or eliminate waste from the system
Explanation:
Lean refers in business to generating more benefits to your clients using less resources and a company using lean principles tries to eliminate all the unecessary things that doesn't add value which are considered waste and increase its efficiency. According to this, the answer is that to be lean means to reduce or eliminate waste from the system.
The other options are not right because Agile and Lean are different methodologies and Lean helps to generate cost reductions that can create economies of scale. Also, to be lean it doesn't matter if you move quickly or slow as long as you eliminate the waste to give more value to customers.
Answer:
The correct answer is letter "B": Times Interest Earned Ratio.
Explanation:
Times Interest Earned (TIE) ratio or the coverage ratio tests the capacity of a company to pay off its debts. TIE is calculated by dividing the company's earnings before interest and taxes by the interest that is payable on its debts. A low ratio means the company struggles to pay its debt, and if it fails to meet its obligations, it may face bankruptcy. A high ratio means that an organization can cover its expenses.
I would budget for D. Budget for the unexpected.
