Answer:
c. Sociocultural dimension
Explanation:
The sociocultural dimension of the general environment takes into account the demographic traits of society such as age, race, religion etc. as well as the society's attitudes and cultural values. It is important for businesses to operate in ways that respect the sociocultural environment within which they operate.
Answer:
Quality control
Explanation:
Quality control is a system of maintaining quality by periodically testing a sample of the output to ensure that is within the specifications.
The equilibrium point in a competitive market exists at the point of optimal market efficiency.
<h3>What is competitive market?</h3>
A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.
In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.
No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.
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Answer: Managerial Accounting
Explanation:
Managerial accounting refers to the preparation of reports and analysis from the company's accounting information to enable managers decide the ways to go with a company.
This type of accounting is for internal use and so is not subject to the kind of scrutiny that financial accounting gets from accounting bodies such as IASB and the FASB.
An example would be the Supply Manager may ask for a report to be made showing them the increase in supply costs for the past decade from their preferred supplier to enable them make a decision on if to find a new supplier.
Answer and Explanation:
The computation is shown below:-
<u>Particulars </u> Traditional Philosophy Manufacturing
<u> Lean Philosophy</u>
Value added 2 + 6 = 8 8
Non value added 8 × (50 - 1) = 392 8 × (6 - 1) = 40
Total lead time 400 48
Value-added ratio
(as a percent) 8 ÷ 400 × 100 = 2% 8 ÷ 48 × 100 = 16.17%
