Answer:
True.
Explanation:
Lean manufacturing is a production method in which companies focus on reducing wastage of available resources and maximize productivity of manufacturing process. This process includes introducing activities to minimize harm to environment by draining harmful waste, using environmental friendly products and minimize usage of raw material. Lean manufacturing focuses to improve the product quality to provide greater value to customers.
Answer:
c. Inelastic demand
Explanation:
Inelastic demand means that the quantity ordered on a product is not affected by changes in price. The demand is relatively constant regardless of a change in price.
Coffee and sugar are complementary goods. Usually, price fluctuation in one of them should affect the demand of the other. In this case, changes in sugar prices have not affected the demand for coffee. If price changes do not affect demand, then the product has inelastic demand.
Answer:
<em>The price of peanuts would increase in Malaysia.</em>
Explanation:
Almost all countries of the world are involved in building trade relationships because not every crop or product can be grown in a single company.
A country rich in an item tends to export the extra amounts of that particular product. In exchange, it might import other products which have a short production rate in its own countries.
<u><em> But as we all know, the prices of the imported items are often higher as compared to the local products of a country.</em></u>
Hence, in the scenario mentioned in the question, it is most likely that Malaysia will increase its prices of peanuts imported from United States.
Answer:
"The restuarant said the food needs 15 more minutes to cook. Sorry for the wait!"
Explaination:
maybe something along the lines of that??
Answer:Consumer Price Index (CPI) 2016 = 111.54
Explanation:
consumer price index is a measure of price change over a period of time in other words consumer price index is a measure of inflation. A number of good are selected and their prices are monitored each year in order to measured against the base year prices in order to determine changes in the general price level.
The goods selected represent the spending patterns of the an average consumer in that economy or country. When the price of these goods rise over time when compared to the Basket Cost of the base year we can assume that there is a rise in the general price level
Base year = 2014
Basket's cost 2014= $52
Base cost 2016 = $58
Consumer Price index (CPI) 2016 = Basket costs 2016/base year Basket cost 2014.
Consumer Price index (CPI) 2016 = 58/52 = 1.115384615 x 100
Consumer Price Index (CPI) 2016 = 111.5384615
Consumer Price Index (CPI) 2016 = 111.54
