Trust and the effectiveness of work teams are examples of Intangible resources which are typically embedded in unique routines and practices that have evolved and accumulated over time.
51.2 days in inventory ratio decrease as a result of the switch to the JIT system
Explanation:
Just in time (JIT) output is a process technique designed to reduce the processing cycles of production systems, as well as the reaction times of manufacturers and consumers. JIT production allows companies, while lowering costs, to manage variation in their operations.
Inventory turnover shall be calculated by the split price of products sold by average stock before days in inventory can also be determined.
Inventory turnover = 3.9 times ($624,000/160,000) in 2016 and
8.6 times ($688,000/80,000) in 2017.
Dividing 365 by stock days in every statistic results of 93.6 and 42.4 days, respectively, a decrease of 51.2 days.
<span>The answer is ’are business
units or products that have the greatest market share and produce the most cash’.
Monopolies and first-to-market products are commonly termed stars. On the other
hand, because of their high growth rate, stars also use large amounts of cash.
This commonly results in the same amount of money coming in that is going out. </span>
Answer:
Fixed costs are high, variable costs are low
Explanation:
The reason is that the fixed costs are high because these fixed costs are uncontrollable and their might not be an alternative which means we have to move with higher fixed costs. And this is because most of tasks in manufacturing are handled by the machines not humans. So the cost of maintenance, depreciation, etc are fixed costs which are uncontrollable.
Furthermore, the company has very small variable costs because the company enjoys economies of scales, fast paced manufacturing machines, etc. And this is controllable by investments in another more robust machinery.
