Answer: 24.60 minutes (2dp)
Explanation:
The question is essentially asking that we find the Standard Time it takes to serve a customer.
To do this we would have to calculate the averages of the different elements and then use this to find the normal time which we can then use to find the Standard Time.
Element 1
= (3 + 4 + 4 + 3 + 3)/5
= 3.4
Element 2
= ( 9 + 8 + 10 + 11 + 10)/5
= 9.6
Element 3
= ( 7 + 8 + 6 + 7 + 8)/5
= 7.2
We then calculate the normal times by multiplying each of the individual means with their performance ratings.
That would be,
Element A
= 3.4 * 70%
= 2.38
Element B
= 9.6 * 110%
= 10.56
Element C
= 7.2 * 120%
= 8.64
We then add up the normal times to get the total normal time
= 2.38 + 10.56 + 8.64
= 21.58 minutes
Now we can solve for the standard time using this formula,
Standard time = Normal time (1+Allowance factor)
= 21.58 ( 1 + 0.14)
= 24.6012 minutes
= 24.60 minutes (2dp)
The time per unit customer served is 24.60 minutes.
If you need any clarification please do comment. Cheers.
Explanation:
Refers to how well a product or service meets the customer's needs
Answer:
The right approach is Option a (Bargaining power of suppliers).
Explanation:
- The concept is such an industry influences the buyer's business climate and determines the potential including its buyer to attain profitability.
- The meaning is basically how very much jurisdiction a single provider has. By supplier, I represent the industries that create the manufactured goods that even the sellers refine into the finished product to something like the sellers throughout the business. If there are several suppliers during the sector because each supplier is indeed very poor.
Answer:
The answer is D) A market orientation refers to the orientation of an organization that focuses its efforts on continuously collecting information about customers' needs, sharing this information across departments, and using it to create customer value.
Explanation:
The philosophy of market orientation is concerned with crating value that meets the needs of customers.
A company that applies market orientation in their approach and processes seeks ways to identify the needs of customers, they study these wants, find our how well their competitors are meeting them and then create innovative value with a competitive edge that will sell easily.
The design and packaging of these customer orientated goods and services is meant to be cost effective for the sake of maximizing profit.
Answer:
Yes, it is a binding contract.
Explanation:
A contract is a legal binding agreement between two or more parties at the court of law. The agreement could be in terms of money, services, right or duties between the parties involved.
Since a consent has been reached between the two parties before the judge, Charles would pay the sum in the stipulated manner. The acceptance of the offer of payment by Sandra made it a binding contract for Charles, so he is bound by this service until he pays the full amount to Sandra.
