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3 years ago

In _____, products are made according to customer specifications.

Business

2 answers:

Andrei [34K]3 years ago

7 0

Mass customization is the answer

Alisiya [41]3 years ago

4 0

Mass customization (build to order)

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What is a way Virtual Reality can be used in the construction industry?.

myrzilka [38]

The way Virtual Reality can be used understand the project needs by

monitoring progress and providing inputs in the industry.

<h3>What is Virtual Reality?</h3>

This is a simulated experience which is usually similar or different from

the real world.

This helps individuals to interact with an artificial 3-D visual and is used in

entertainment and business. It helps workers to provide the necessary

input during developmental stages in the construction industry.

Read more about Virtual reality here brainly.com/question/26514873

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2 years ago

What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont

Nadusha1986 [10]

We expect to lose $0.37 per lottery ticket

<u>Explanation:</u>

six winning numbers from = { 1, 2, 3, ....., 50}

So, the probability of winning:

$P(win) = \frac{ no of favorable outcomes}{no of possible outcomes}$

$P(win) = \frac{1}{^5^0C_6} \\\\P (win) = \frac{6! X (50 - 6)!}{50!} \\\\P(win) = \frac{6! X 44!}{50!} \\\\P(win) = \frac{1}{15,890,700}$

The probability of losing would be:

P(loss) = 1 - P(win)

$P(loss) = 1 - \frac{1}{15,890,700} \\\\P(loss) = \frac{15,890,699}{15,890,700}$

According to the question,

When we win, then we gain $10 million and lose the cost of the lottery ticket.

So,

$10,000,000 - 1 = $9,999,999

When we lose, then we lose the cost of the lottery ticket = $1

The expected value is the sum of the product of each possibility x with its probability P(x):

E(x) = ∑ xP(x)

$= 9,999,999 X \frac{1}{15,890,700} + ( -1 ) X \frac{15,890,699}{15,890,700} \\\\=- \frac{5,890,700}{15,890,700} \\\\= - \frac{58,907}{158,907} \\\\= - 0.37$

Thus, we expect to lose $0.37 per lottery ticket

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3 years ago

As it turns out, Brian and Sondra's good fortune with the restaurant has caused their competitors to lose business. In fact, Caj

iren2701 [21]

Answer: Brian and Sondra have, done nothing illegal

Explanation:

Brian and Sondra company are totally in their right, they are not directly involved in the poor fortunes of their competitors.

A rise in sales at Brian and Sondra company led to drop in the sales of their competitors leading to closure of their competitors businesses.

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4 years ago

A person in the organization has the ability to given bonuses to employees as part of a corporate compensation program. This is

skad [1K]

A person in the organization has the ability to given bonuses to employees as part of a corporate compensation program. This is an example of reward power.

<h3>What is reward power?</h3>

This is a term that is used formally in the workplace to refer to a power that has been given by people to give out rewards to other workers in the workplace.

A supervisor who gives incentives to workers is an example of a person that holds such a power.

Raed more on reward power here:

brainly.com/question/4068765

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2 years ago

Which term refers to the fundamental rethinking and radical redesign of a business activity to achieve dramatic improvements in

Reika [66]

<span>This fundamental rethinking and radical redesign of business to achieve major improvements in outputs is called as business process re-engineering. The process access and analyses the flow of work and other procedures that are carried in the business and make the necessary changes to the business plan.</span>

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3 years ago