Just-in-time production is a highly coordinated activity that delivers goods or services when they are needed.
Just-in-time management is a philosophy, not a method. If the "customer" is the eventual consumer of the product or a process further along the production line, the term originally referred to the manufacturing of goods to precisely fulfill customer demand in time, quality, and quantity.
By minimising the time and resources needed for production operations, JIT increases productivity. More rapid product production is possible thanks to manufacturers.
This simplified strategy can save costs and boost productivity while things are going as usual, but it is vulnerable to changes in supply and demand. JIT production can make manufacturers unable to meet demand when global supply networks are interrupted for a variety of reasons, deepening an economic downturn.
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The lesson of sunk costs is to forget about the money that's irretrievably gone and instead to focus on the marginal costs and benefits of future options. A sunk cost is a cost that happened during the manufacturing of something else and there is no way to recover that money back if the item or service fails. These costs will happen no matter the decision or outcome of a situation so most companies do not factor in sunk costs.
Answer:
A) If Bella contributes 3,719.98 per year during 42 years it will get 2,000,000
B) 258.25 if the payment are monthly
C) Because, the retirement is a long-run reward while spending the income in the younger years may be seens as better deal for most americans n my humble opinion.
Explanation:
we will calculate which annuity will equal a future value 2,000,000 at 10% in the period of time from 23 years to 65 years:
PV $2,000,000.00
time 42 (65 years - 23 years )
rate 10% = 10/100 = 0.1
C $ 3,719.98
If Bella contributes 3,719.98 per year during 42 years it will get 2,000,000
IF the payment are monthly, we will increase time and adjust the rate:
PV $2,000,000.00
time 504 (42 years x 12 months per year)
rate 0.008333333 (0.1 / 12 months per year)
C $ 258.25
Answer:
A) Marketing
Explanation:
Marketing management is the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value. In marketing management, first of all we segment the heterogeneous market into homogeneous segments and then decide which segment we should serve and enter. Then we target that segment with the help of our products and services by considering the needs and wants of that segment accordingly. After entering that segment, we try to deliver value to the customers and make long term relationships with them. Our main aim then is to keep them buying our products and services and keep their number growing and increasing our sales and profits eventually.
