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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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3 years ago
Anew Health Care Company reports net income of $210,000 and Depreciation Expense of $24,000 for the year ending December​ 31, 20
Fiesta28 [93]

Answer:

$344,000

Explanation:

                                                      2018                 2019            Change

                                                 Amount in $    Amount in $  Amount in $

Inventory                                     99,000.00      72,000.00       27,000.00  Total current asset                   289,000.00    248,000.00       41,000.00  Accounts payable                               52,000.00     42,000.00     (10,000.00)

Salaries payable                              39,000.00      91,000.00      52,000.00  

                                                                           Amount in $

Net income                                                             210,000.00  

Add depreciation                                                      24,000.00  

Changes to current assets and liabilities  

Inventory                                                               27,000.00  

Total current asset                                               41,000.00  

Accounts payable                                                        (10,000.00)

Salaries payable                                                       <u> 52,000.00  </u>

Net cash flows from operating activities               <u>344,000.00  </u>

3 0
3 years ago
Abardeen Corporation borrowed $90,000 from the bank on October 1, 2018. The note had an 8 percent annual rate of interest and ma
Vitek1552 [10]

Answer:

$0

Explanation:

Data provided in the question

Borrowed amount from the bank = $90,000

Annual interest rate  = 8%

Maturity date = March 31, 2019

Since it is mentioned in the question that, the interest and the principal were paid in cash on the maturity date so for the amount of cash that Abardeen had to pay for 2018 interest would be zero as the principal and the interest is paid for 2018

7 0
4 years ago
PLEASE HELP!
vesna_86 [32]
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7 0
3 years ago
Two isolated nations, Alphaland and Betaton, are considering opening their borders to trade with each other. Both nations consum
Artist 52 [7]

Answer:

5 tons of salt for 1 ton of pepper

10 tons of salt for 1 ton of pepper

Explanation:

Alphaland's opportunity cost of producing one ton of pepper = 80 ÷ 5

                                                                            = 16 tons of salt

Betaton's opportunity cost of producing one ton of pepper = 3 ÷ 1

                                                                            = 3 tons of salt

Alphaland's opportunity cost of producing one ton of salt = 5 ÷ 80

                                                                            = 0.0625 tons of pepper

Betaton's opportunity cost of producing one ton of salt = 1 ÷ 3

                                                                            = 0.3333 tons of pepper

Therefore, Betaton has a comparative advantage in producing pepper because it has the lower opportunity cost of producing pepper as compared to Alphaland. On the other hand, Alphaland has a comparative advantage in producing salt because it has the lower opportunity cost of producing salt as compared to Betaton.

Hence, Betaton is specialized in the production of pepper and Alphaland is specialized in the production of salt.

Trade is beneficial for both the nations when Alphaland buys pepper at a price lower than the 16 tons of salt and Betaton sells pepper at a price greater than 3 tons of salt.

Trade ratios:

5 tons of salt for 1 ton of pepper

10 tons of salt for 1 ton of pepper

7 0
3 years ago
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