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2 years ago

When happens when demand exceeds supply?

1 answer:

4 0

A shortage occurs when demand exceeds supply – in other words, when the price is too low. However, shortages tend to drive up the price, because consumers compete to purchase the product. As a result, businesses may hold back supply to stimulate demand.

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Building an organization capable of good strategy execution entails:

MrMuchimi

Answer:

a. Staffing the organization, building core competencies, and structuring the organization and work effort

Explanation:

Staffing is the management function undertaken with an objective to hire right people for the most suitable job position, and keeping filled organizational positions throughout.

A core competency refers to those unique capabilities an organization builds over time owing to innovation, creativity or efficient resource management, which yields competitive advantage to the organization. A core competency cannot be easily imitated by the rival firms and provides competitive edge to the firm who possesses it.

Organizational structure would define the hierarchy and define reporting responsibilities of it's employees, the extent of delegation of tasks and the organizational culture.

Thus for an organization to be capable of executing good strategy, the above three are a requisite.

7 0

2 years ago

Read 2 more answers

Which of the following statements is true of strategic alliances as disadvantages? a.The fixed costs and associated risks of dev

ololo11 [35]

They are most beneficial when they join together resources and knowledge in a combination that complies with the VRIO framework.

5 0

2 years ago

When a nation’s currency appreciates, what is the most likely result?

vichka [17]

When a nation's currency appreciates that means there is an increase in the exchange rate. It would result to cheaper imports and lower inflation rates which would be advantageous to those countries who are importing goods. While a weak currency would be better for an economy that's exporting goods to other countries.

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2 years ago

Maritime Marine Company has total estimated factory overhead for the year of $986,800, divided into four activities: fabrication

Hatshy [7]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Estimated costs:

fabrication= $386,400

assembly= $207,900

setup= $112,000

inspection= $280,500.

Fabrication Assembly Setup Inspection

Speedboat: 1,200 dlh 1,800 dlh 60 setups 600 inspections

Bass boat: 1,800 1,200 100 200

3,000 dlh 3,000 dlh 160 setups 800 inspections

First, we need to calculate the overhead rate for each activity:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

fabrication= 386,400/3,000= $128.8 per direct labor hour

assembly= 207,900/3,000= $69.3 per direct labor hour

setup= 112,000/160= $700 per setup

inspection= 280,500/800= $350.63 per inspection

Now, we can allocate overhead to each product:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Speedboat= 1,200*128.8 + 1,800*69.3 + 60*700 + 600*350.63

Speedboat= $531,678

Bass boat= 1,800* 128.8 + 1,200*69.3 + 100*700 + 200*350.63

Bass boat= 455,126

5 0

2 years ago

According to entry-level analysis project (elap) statistics, what percentage of therapists are leaving the profession in the fir

Soloha48 [4]

<span>According to the ELAP report 40%-50% of therapists are leaving this profession with in 24 months or 2 years after the graduation. the report also says this was due to the unrealistic expectations about the physical demands of massage work.</span>

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3 years ago