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ioda
2 years ago
14

Discuss the four common types of constraints (time, labor, equipment, and facilities) facing service businesses and give an exam

ple of each (real or hypothetical).
Business
1 answer:
nevsk [136]2 years ago
6 0

Answer:

The most severe constraint that anyone faces is time, the day has 24 hours, a week has 7 days and the year has 365 days. No matter how big or small a company is, time is the same for all. E.g. a factory has to build 10,000 units of good X for next week, they must do it before the due date. If the factory is shut down for any reason at all, e.g. lights go out, they will have to work overtime.

Two of the other constraints are basically related to capital: equipment and facilities. No matter how rich a person is or how big a company is, they have a certain amount of money, they cannot own it all. Only governments own machines that print money, and even they face strict regulations regarding how much money they can print. You need money to buy more equipment and build larger facilities, or if you do not have enough money, you will have to work overtime or eventually not be able to produce the output that you wanted. A facility has a certain level of maximum production, the same for a machine or equipment, and you cannot make it work over that level. E.g. a machine produces 10 units per hour, so it will not be able to produce 100 units per hour, nor 20 nor 40, not even 11.

Labor constraints refer to the total amount of labor supply available. E.g. all you need to do to understand the shortage of certain qualified labor is look at the amount of job vacancies in the high tech, computer and software industries. There are hundreds of thousands of vacant jobs around the world which cannot be filled simply because there are not enough qualified people. That is also the reason why careers in these industries are paid higher than average wages.

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An advertising executive takes over a Google Search ads campaign. On his Google Ads Recommendations page he notes that the campa
VashaNatasha [74]

Answer:

These are the options for the question:

  • The campaign could be improved by 60% if the listed recommendations are followed.  
  • The campaign is 60% less optimal than other company campaigns.
  • The campaign is running 40% over budget.
  • The campaign is 40% optimized for the given keywords chosen by the previous campaign manager.

And this is the correct answer:

The campaign could be improved by 60% if the listed recommendations are followed.  

Explanation:

If the optimization score of the firm's Google Search Ads campaign is 40%, it simply means that it can be improved by 60% in order to reach the full potential of the programme.

It does not mean that the campaign is 60% less optimal than others because the score only measures the firm's own campaign.

And it does not have any direct connection with the campaign's budget or keywords.

3 0
2 years ago
“A” represents the new quantity supplied, while “B” represents the new quantity demanded. What is the result of these changes?
omeli [17]

Answer:

The price will fall.

Explanation:

An increase in the quantity supplied with a corresponding decrease in demand will lead to a fall in prices.

5 0
3 years ago
Read 2 more answers
How much notice does the Worker Adjustment and Retraining Notification
Hatshy [7]

Answer:60 days

Explanation:

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3 0
2 years ago
Hey are these cat´s creepy or what
agasfer [191]
They look scared and like they don’t wanna be there
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2 years ago
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Joe​ Henry's machine shop uses 2 comma 480 brackets during the course of a year. These brackets are purchased from a supplier 90
LuckyWell [14K]

Answer:

The EOQ is 242 units

Explanation:

Economic Order Quantity: The Economic order quantity is that quantity which is to be produced by minimizing the ordering cost and the carrying cost

The computation of the economic order quantity is calculated by applying the formula which is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost per order}}{\text{Holding cost per bracket}}}

= \sqrt{\frac{2\times \text{2,480}\times \text{\$18.25}}{\text{\$1.55}}}

= $242 units

The Economic order quantity should always be expressed in units.

The other items which are mentioned are irrelevant. Hence, ignored.

3 0
3 years ago
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