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2 years ago

Which of the following is an example of specialization?

Business

1 answer:

monitta2 years ago

5 0

Answer:

An example of specialization is;

A. Because of the high cost of labor, American companies have stopped most steel production and now import steel from other countries

Explanation:

Specialization in business is the strategy to focus on the production of a limited number of products or services based on comparative advantage, availability of resources and to improve efficiency, with the outcome of specialization include maximum possible productivity, advanced expertise, capacity for leadership in a field

The capital and labor intensive production of steel will make steel production at a location where labor cost is high less profitable than making the steel at a low labor cost location

The location of lower labor steel production that produces steel, is specialized in steel production, when it now supply steel to other locations where it costs less to buy than to produce steels.

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Cobe Company has already manufactured 17,000 units of Product A at a cost of $20 per unit. The 17,000 units can be sold at this

AlexFokin [52]

Answer:

differential analysis:

No further process Process further Differential

amount

Sales revenue $410,000 $1,213,400 $803,400

Production costs ($340,000) ($580,000) ($240,000)

Operating income $70,000 $633,400 $563,400

The company should process further and sell products B and C because its operating income will increase by $563,400.

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3 years ago

What are some of the key environmental forces that have changed the way projects are managed? What has been the effect of these

Evgesh-ka [11]

Answer: The answer is given below

Explanation:

• What are some of the key environmental forces that have changed the way projects are managed?

Some environmental forces which have

altered the way that projects are managed are the knowledge growth, product life cycle, technological changes, global competition, organization downsizing, and time to market.

• What has been the effect of these forces on the management of projects?

The effect of these forces on the management projects is that it resulted in more projects for every organization, it also resulted in changing structures of organization, accountability, the need for rapid completion of projects, the linking of projects to the strategies of the organization and the alliance with the external organizations.

• Why is the implementation of projects important to strategic planning and the project manager?

Strategic plans are typically implemented through projects. This could be through a new information system, a new product, or new plant for new product. It should be noted that the project manager is responsible for the timely completion of the project within the budget, and also within specifications in order for the customers to be satisfied. In cases whereby the project is not being linked to a organization's strategic plan, the resources that are being devoted to the project will result into wastage.

• What is meant by an integrative approach to project management? Why is this approach important in today?

An integrative approach to project management simply refers to one whereby there are interrelationships between all the parts. It should be noted that the approach is vital as an organization that utilizes it has a competitive edge and also provides an integrated system that is required for project implementation.

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3 years ago

The managed care plan that is allowed to contract directly with employers to provide health care services is the?

andreev551 [17]

The managed care plan that is allowed to contract directly with employers to provide health care services is the health insurance.

<h3>What is managed care plan?</h3>

Health insurance comes in the form of managed care programs. They have agreements with hospitals and medical centers to provide members with care at lower costs.
These suppliers make up the network of the plan. The policies of the network will determine how much of your care the plan will cover.
Among the several categories of managed health care programs are: maintenance of health organization (HMO) preferred supplier company (PPO) Service location (POS)
The availability of numerous in-network providers, low costs, the provision of credentialed treatment, lower prescription costs, and low cost are some of the most frequently cited advantages of managed care systems.

Learn more about managed care plan here:

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8 0

1 year ago

As part of an advertising campaign, a plane flew over the beach in Ocean City trailing a banner that read: "Boardwalk Bistro wil

bogdanovich [222]

Bistro's first banner was a form of a unilateral contract. This means that the banner was a legally enforceable promise between two parties where one party will perform the requirement and the other (Bistro) would pay.

For the given situation, Daisy substantially performed the required task and therefore, Bistro is not allowed to revoke the offer.

Based on the above, the statement that <span>best describes Daisy's and Bistro's rights in this situation is:
</span><span>Bistro cannot revoke the offer because Daisy has substantially performed the requested action.</span>

3 0

2 years ago

2. Explain the four characteristics of the price system.

goblinko [34]

Answer:

1-The four characteristics of the price system are that it is neutral, market driven, flexible, and efficient. It is neutral because prices do not favor the producer or the consumer because the they both make choices that determine the equilibrium price.

2-Why is the price system an efficient allocator of economic resources? Prices are neutral, which means they are equally fair to both consumers and producers. They are flexible which means they can adapt to changing economic conditions. Prices are familiar which means that everyone understands how they work.

3-how do prices serve as signals and incentives to producers to leave a particular market? it showed that when a strong competitor offers similar products for lower prices other producers must also lower their prices. Less efficient companies were driven from the market.

4-demonstrates the effects of competitive pricing because it shows how the company strategically lured customers away from rival producers while still making the highest profit.

Explanation:

5 0

2 years ago