Answer:
b. $165,000 decrease
Explanation:
The total cost per year if Concierge Industries purchase the component outside is $510,000 (= $12.75 x 40,000 components per year)
But Concierge Industries can rent its unused manufacturing facilities for $45,000 if it purchases the component from the outside supplier
So the income/ loss if Concierge purchases the component from the outside supplier
= saving of manufacturing cost $300,000 + rental of $45,000 - $510,000 cost paid to outside supplier
= ($165,000)
Answer:
This process is known as Benchmarking
Explanation:
Benchmarking is the process of comparing business process and performance to the best practices from the other companies. The dimensions measured and compared are time, quality and cost.
This allows the organizations to improve the projects or plans or adapt the specific best practices with the aim of increasing the performance.
Answer:
Small companies don't have middle management, so it is entirely appropriate for senior management to implement strategy and guide employees directly.
The purpose of management is nothing to do with power, but rather to create, plan and execute the vision and strategy of the organization through the workforce and technology.
Explanation:
A. Pure competition
Pure competition describes a market with a wide range of competing businesses all selling the same product, in this case milk.
Monopolies are a single company running the market, and oligopoly markets have a small number of players who together control the vast majority.
Answer:
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