Answer:
lean manufacturing approach
Explanation:
Based on the information provided within the question it seems that Alex would like to adopt a lean manufacturing approach. This is an approach that focuses mainly on trying to minimize as much waste in the manufacturing process while still increasing productivity. Which is what Alex wants to do since he believes the firm wastes too many resources in production and wants to minimize that.
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Answer:
The correct answer is letter "B": Entity.
Explanation:
The Accounting Entity principle or Economic Entity principle states that a commonly co-owned group of businesses can entitle to be a single entity with the purpose to generate a consolidated financial statement. A business entity could be considered to be a sole proprietorship, partnership, or corporation.
Answer:
The business cycle is crucial for businesses of all kinds because it directly affects demand for their products. Boom: high levels of consumer spending, business confidence, profits and investment. Prices and costs also tend to rise faster. Unemployment tends to be low as growth in the economy creates new jobs.
