In the shipbuilding industry, Polish and Chinese shipyards offer simple, standard vessel types at low prices that reflect low production costs. This represents a generic strategy related to cost focus.
<h3>What is
shipbuilding?</h3>
- Building ships and other floating vessels is known as shipbuilding.
- Typically, a shipyard, a specialized location, is where it happens.
- Shipwrights, another name for shipbuilders, practice a specialized trade that dates back to times before written history.
- Naval engineering is the term used to describe both commercial and military shipbuilding and ship maintenance.
- Boat building is a related activity that involves making boats.
<h3>What is a shipyard?</h3>
- Ships are constructed and maintained in shipyards, sometimes known as dockyards.
- These could include yachts, military ships, cruise ships, or other types of passenger or freight ships.
- Compared to shipyards, which are sometimes more involved with the original construction, dockyards are sometimes more associated with maintenance and basing activities.
- Due to the frequent role changes and mergers that have occurred as dockyards and shipyards have developed, the terms are frequently used synonymously.
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Answer:
<em>CONCEPT</em>
Explanation:
It is known as <em>"CONCEPT"</em> in which the meanings collections are been accepted and associated with characteristics with certain objects and situations and conditions and events as well as behaviors.
<em>In this it also classifies the events and as well as objects that are carrying similar characteristics. </em>
We can also abstract such kind of meaning with are experience of abstraction.
Answer:
$21.67
Explanation:
Exhibit 21-3 is attached with the answer .Please find it.
Total cost of production includes the fixed cost and variable cost. Fixed Cost remains constant as $500 in the exhibit, but the variable cost changes with each production level.
Cost of producing 60 units
Variable cost = $800
Fixed cost = $500
Total cost = $800+500 = $1,300
Product cost per unit = Total cost / numbers of unit = $1,300 / 60 = $21.67
The Economic boom<span> of the 1920s saw rapid growth in GDP, production levels and living standards. The growth was fuelled by new technologies and production processes such as the assembly line. The </span>economic<span> growth also caused an unprecedented rise in stock market values – share prices increased much more than GDP.
</span>
Answer:
C. Process Innovation.
Explanation:
As Dr. Shetty is able to drive down the cost of complex medical procedures from $100,000 to $2,000 not by doing one big thing, but rather by doing a thousand small things. This approach focuses on driving down the cost of healthcare through process innovation. Process innovation is the mechanism when we implement a new or significantly improved manufacturing method with the help of a new technology in order to remain competitive and meet consumers demands at the same time. We try to solve an already existing issue or reforms an existed process in a different way to generate something with huge benefits, likewise, same is the case here with Dr. Shetty who has reduced the cost of healthcare quite significantly just by changing and improving his production methods.
