Much to the chagrin of established firms, one clear super trend is that products and services must get to market faster because "more competitors are offering targeted products."
This is because it has been observed that several start-ups firms offer similar products to what the established firms are had as a business idea. Not only that, but they also target the same group of consumers.
Therefore, to remain top of the game and beat the startups out of business, the established firms must ensure their business ideas are quickly turned into products or services and get to the market faster.
Otherwise, the startups will take over their business ideas and a huge part of their targeted consumers.
Hence, in this case, it is concluded that the established firms must be proactive if they want to remain above the rest of their competitors.
Learn more here: brainly.com/question/17557971
Answer: Option (A) is correct.
Explanation:
Good X and Good Y are substitute goods. Substitute goods are the goods that can be consumed in place of each other. There is a positive relationship between the price of one good and the demand for its substitute good. For example; tea and coffee. If the price of tea increases then as a result demand for coffee increases, because drinking tea become more expensive for the consumers as compared to the coffee. So, the demand for coffee increases, despite its price remains the same.
Answer: Ford has many production processes.
Explanation:
The production process for Ford is concerned with the transformation of its range of inputs into a wide variety of vehicles for individuals, firms, governments, schools etc etc that are wanted by the market.
The vision of Ford Production System is a flexible, disciplined and lean production system which involves a set of processes and principles, that employs groups of people capable and empowered to working together and learning for the achievement of the organizational goals.
Any production process consists of a series of links that are in a production chain. Since Ford has a very broad variety of vehicles, the company has many production processes.
The type of questions an operations manager responsible for operational-level planning addresses are related to the amount of inventory units for a given product that he must order.
<h3 /><h3>Operational planning</h3>
It is at this level where the methods and processes responsible for the correct functioning of the company are defined, fulfilling all the tasks foreseen. It comprises the short term, about up to 1 year in duration.
Therefore, an operations manager who develops operational planning must be aware of organizational needs in relation to its operations, valuing quality, reliability, speed and better costs.
The correct answer is:
- How many units of stock for product X should I order?
Find out more information about operational planning here:
brainly.com/question/5938153
