Answer: Option B
Explanation: In simple words, lean manufacturing refers to the manufacturing process in which the production firm focuses on minimizing the waste that occurs in the production process and also increases the productivity at the same time.
This system was first implemented in Japanese manufacturing industry and lead to decrease in cost of production significantly. Such kinds of manufacturing is highly evident in industries prancing goods such as clothes, shoes etc.
This strategy also decreases the production cycles and increase the respond time of the firm to the market.
Answer:
An assembly line is basically just a series of workers who assemble identical items in a line. One of the first uses of the assembly line was in Henry Ford's car factory.
Answer:
the various product and services that it offers.
Explanation:
Horizontal scope or integration can be regarded as process that involves increasing of production of goods or services , and this increase reflect at the same part of all supply chain
by a company . This can be done by
a company merger, internal expansion or acquisition. This process can result into if vast majority of the market for that particular product/ service is been captured by the company.
It should be noted company's horizontal scope refers to the various product and services that it offers.
Answer:
$10,275.03
Explanation:
Years 0 1 2 3 4
Cash flow -15000 -58000 45000 45000 45000
Successful chance result (62%) -9300 -35960 27900 27900 27900
Considered cash flow -15000 -35960 27900 27900 27900
Discount factor (14%) 1 0.877 0.769 0.675 0.592
Present value -15000 (31,543.86) 21,468.14 18,831.71 16,519.04
Net present value = -$15000 - $31,543.86 + 21,468.14 + 18,831.71 + 16,519.04
Net present value = $10,275.03
“By automating business processes and giving employees ICT tools, your business can improve its individual and overall productivity. ... Access to manufacturing data enables managers to plan production more effectively, making better use of resources and reducing lead times.”