The key is efficiency. Ford and his business were captains of efficiency, from mass manufacturing via the factory line to economical individual effort. Ford Motor Company produced cars swiftly assembly line.
<h3>How a business becomes successful?</h3>
The most prosperous organizations place a high priority on providing excellent customer service and a great client experience. Making goods and services that consumers demand is the first step. However, concentrating on your clients goes beyond you products.
<h3>What does a successful business look like?</h3>
Instead of focusing on earning short-term benefits, successful businesses are focused with establishing long - term profits and creating sustainable growth. By creating new goods or services that satisfy customers, successful businesses are able to effectively address the changing wants of their clients.
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The different elements of working capital are <u>current current asset and current liabilities</u>. The management of a business entity might take <u>ratio analysis</u> to reduce the cycle.
Working capital management assists in sustaining the smooth operation of the net operating cycle, otherwise called the cash conversion cycle.
<h3>What is working capital management?</h3>
Working capital management is a business strategy formulated to ensure that an organisation functions efficiently by overseeing and utilizing its current assets and liabilities to their most effective use.
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Answer:
C. It has high fixed costs relative to variable costs is the correct answer.
Explanation:
Answer:
$31.00
Explanation:
Calculation to determine what The total standard cost of Vaughn's product is
Using this formula
Total standard cost of product=(Material Standard rate per pound × pounds of material) + (Labor standard rate per hour × labor hours) + (Standard overhead rate x labor hours)
Let plug in the formula
Total standard cost of product=[($4 × 5) + ($5 × 1.0)]+ ($6 × 1.0)
Total standard cost of product=($20+$5)+$6
Total standard cost of product= $25.00 +$6
Total standard cost of product= $31.00
Therefore The total standard cost of Vaughn's product is $31.00
Answer: (B) Entity-relationship diagram.
Explanation:
The entity relationship diagram is one of the type of graphical model or representation which is related to the entities in the form of organizational database.
- The entity-relationship diagram is refers to the data modeling technique which basically illustrate the relationship between the information system entity.
- It is typically used in an organization for the the purpose of database and represent the entity framework.
According to the given question, the entity-relationship diagram is one of the type of diagramming tool which is used for express the different types of relationship between the database and the entities.
Therefore, Option (B) is correct.
