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Ghella [55]
3 years ago
12

Lilly Ann went to the pet store with her mother to buy a gerbil. After choosing her gerbil, she and her mother went to look at c

ages and found that one of the brands makes several self-contained cage pieces that can be combined or interchanged by snapping them together. Lilly Ann chose a sleep component with a built-in hut, a play component with a built-in wheel, a food component with a built-in food dish and water bottle, and several tubes to connect all the components together. This type of cage is an example of
a) standardization.

b) customization.

c) mass customization.

d) mass production.

e) modular design.
Business
1 answer:
iogann1982 [59]3 years ago
7 0

Answer:

The answer is "b" - Customization

Explanation:

<u>Product Customization</u> is a process of delivering customized goods and services to the customers as per their needs and desire. Customers can either approach a merchant to make certain customizations in a product or personalize the products themselves, exactly the way they want.

It is also known as product personalisation. This is evident in the given situation, as Lilly Ann can customize the cage according to her own preferences.

<u>Standardization</u>

  • Product standardization refers to the process of maintaining uniformity and consistency among the different iterations of a particular good or service that are available in different markets.
  • It is a process of marketing a good or service without making any changes to it
  • Standardization would be correct, if they brand offers the cage without any changes.

<u>Mass customization:</u>

  • Mass customization is a marketing and manufacturing technique which combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.
  • Other names for mass customization include made-to-order or built-to-order.

<u>Mass production:</u>

  • Mass production is the manufacturing of large quantities of standardized products, often using assembly lines or automation technology.
  • Mass production facilitates the efficient production of a large number of similar products.

<u>Modular design:</u>

  • Modular design is a design approach that creates things out of independent parts with standard interfaces.
  • This allows designs to be customized, upgraded, repaired and for parts to be reused.
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Murphy company has three departments, and uses a multiple predetermined overhead rate system. Department A manufactures parts in
oksano4ka [1.4K]

Answer:

1. Department A  (manufactures parts in a highly automated process): Machine hours

2. Department B  (assembles the parts by hand): Direct labor hours

3. Department C (places completed units in a heat chamber to sterilize the before they are shipped out): Batches

Explanation:

Machine hours is used to measure factory overhead as against the goods produced. This method is usually applied in production environment using machine, and where the most activities are done by machines.  On the other hand direct labor is used when the production of goods and services is done by human hands, and not machines. While Machine hours is the appropriate overhead allocation rate for Department A, Direct Labor hours will be appropriate for Department B. Hence Batches will be appropriate for Department C.

4 0
3 years ago
On October 1, 2020 Bonita Industries issued 5%, 10-year bonds with a face value of $8090000 at 103. Interest is paid on October
V125BC [204]

Answer:

a credit of $242700 to Premium on Bonds Payable

Explanation:

Based on the information given The journal entry to record the issuance of the bonds would include a credit of $242700 to Premium on Bonds Payable which is calculated as:

Premium on Bonds Payable=[($8090000*103%)-$8090000

Premium on Bonds Payable=8,332,700-$8090000

Premium on Bonds Payable=$242700

Therefore The entry to record the issuance of the bonds would include a credit of $242700 to Premium on Bonds Payable

6 0
2 years ago
____________one of Reich's four key components, is making a reasoned analysis of an opportunity, envisioning potential solutions
satela [25.4K]

Answer:

The correct word for the blank space is: Experimentation.

Explanation:

There are four (4) components companies must be willing to develop if they look for consistency in their operations. Those are <em>abstract reasoning, systems thinking, collaboration, </em>and <em>the ability to experiment</em>. Experimentation implies making an analysis of the market situation and coming up with a solution for the problems taking place, then, setting up a strategy to attempt covering that issue wisely based on the resources of the institution.

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Learn more about Calculus here: brainly.com/question/24430269

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6 0
9 months ago
True or False:If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is an inferior good.
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False. 

If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is a GIFFEN GOOD. 

An inferior good is a good that decreases in demand if income increases. These are the goods that people opt not to buy when their purchasing power increases.
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