Answer:
Procurement
Explanation:
The purchasing function, sometimes called procurement is an important part of any firm's production strategy. The role of procurement is simply to get goods and services for the business needs.
Procurement is the act of getting goods or services, for business purposes. It is generally the last act of purchasing.
Answer:
Please see explanations below
Explanation:
Total productivity : Units sold
50,000 / [(620 × $7.5) + $30,000 + $15,530]
= 50,000 / [(4,650 + $45,530)]
= 50,000 / 50,180
= 1.0 unit sold per dollar input
Total productivity : Dollars of sales
(50,000 × $3.5) / [(620 × $7.5) + $30,000 + $15,530
= $175,000 / [($4,650) + $45,530
= $175,000 / $50,180
= 3.50 dollars in sales per dollar input
Answer: Lean Startup Methodology.
Explanation:
lean startup is a method used to introduce a new product to the market on behalf of an existing company which implements on developing products that some group of existing consumers already know so as to ensure that the market will already exist as soon as the product is launched by focusing on creating a stripped down product with minimal waste of time and limited launchingin order to measure how such product will rank in the market.
Here, the small herbal tea company employing a stripped down packaging with limited launch for users to ensure product hit market mark adopts the lean start up methodology
Answer:
The correct answer here to the first fill in the blank is Increase and for the second one it is Upward and for the third one it is Rightwards.
Explanation:
If there is any change in the interest rate or tax treatment , there will be an impact on the capital utilization , which will then help in determining the positions of the LRAS (long run aggregate supply curve ) curve. So if there is an decrease in the interest rate , then it will cause increase in the capital utilization, which will then shift the production to upwards and there by shift the LRAS curve rightwards. LRAS curve shifts to rightwards when in the long run , increase in investment ( which is due to lower interest rate ) causes the economy's capacity to produce, as the production cost is reduced.
Company A has: Reached the break-even point and Company A's contribution margin equals the fixed costs.
<h3>What is break even point?</h3>
Break even point is the point in which a company neither make gain or loss.
Based on the information given company A has reached the break-even point because there is no gain or loss.
Company A's contribution margin also equals the fixed costs.
Contribution margin=Sales-Variables cost
Contribution margin=$500,000-$350,000
Contribution margin=$150,000
Contribution margin equal fixed cost of the amount of $150,000.
Inconclusion Company A has: Reached the break-even point and Company A's contribution margin equals the fixed costs.
Learn more about break even point here:brainly.com/question/9212451
