Under what circumstancess should outsourcing be used for building Information systems

Which of the following is not a business management perspective that goes beyond the numbers to enable intelligent planning, con

lana [24]

<h2>Lean Production Perspective</h2>

Explanation:

There are 6 Business management perspective. They are:

An ethics perspective
Strategic management perspective
Enterprise risk management
Corporate social responsibility perspective
A process management perspective
A leadership perspective

Here the Lean production perspective does not come under the business management perspective.

Lean production actually deals with cutting down of waste and whilst ensuring quality. This approach is basically a cost-cutting approach where it brings benefit to the business. This is one of the most efficient methods.

4 0

3 years ago

On October 29, Lobo Co. began operations by purchasing razors for resale. The razors have a 90-day warranty. When a razor is ret

saul85 [17]

Answer: Please refer to Explanation

Explanation:

It is stated that the company expects warranty costs to equal 8% of dollar sales and that the cost of 1 razor is $15 to make.

Nov 11

DR Cash $4,900

CR Sales $4,900

(To record Sale of Razors)

Nov 11

DR Cost of goods sold (70*15) $1,050

CR Merchandise inventory $1,050

(To record Cost of Goods Sold)

Nov 30

DR Warranty expense (4,900 * 8%) $392

CR Estimated warranty liability $392

(To record Warranty Expense)

Dec 9

DR Estimated warranty liability (14 *$15) $210

CR Merchandise inventory $210

(To Record Warranty Liability)

Dec 16

DR Cash $14,700

CR Sales $14,700

(To record sale of Razors)

Dec 16

DR Cost of goods sold (210 * 15) $3,150

CR Merchandise inventory $3,150

( To record Cost of Goods sold)

Dec 29

DR Estimated warranty liability (28*15) $420

Merchandise inventory $420

( To record Warranty Liability)

Dec 31

DR Warranty expense (14,700*8%) $1,176

CR Estimated warranty liability $1,176

(To record Warranty Expense)

Year 2

Jan 5

DR Cash $9,800

CR Sales $9,800

(To record sale of Razors)

Jan 5

DR Cost of goods sold (140 *15) $2,100

CR Merchandise inventory $2,100

(To record Cost of Goods sold)

Jan 17

DR Estimated warranty liability (33*15) $495

CR Merchandise inventory $495

(To record Warranty Liability)

Jan 31

DR Warranty expense (9,800 * 8%) $784

CR Estimated warranty liability $784

(To record Warranty Expense)

3 0

3 years ago

What are some of the benefits of establishing a minimum wage?

lapo4ka [179]

it can help certain families

it serves as an employment incentive

it is a common reference with hiring in other jobs

it can also be helpful depending on the type of market

7 0

4 years ago

Read 2 more answers

A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to

den301095 [7]

Answer:

Part a. Manufacturing the goods at home and let overseas sales managers handle the marketing.

Advantages

Can have a full authority in production activities.
It is easy to set up a strategy and multiply the manufacturing.
Having better regulator over human resources.
The foreign sales agents will enhanced the understanding of European marketplaces.
It lower the exit costs if product fails.

Disadvantages

Having lack of information in European pharmaceutical procedures.
The foreign agents may damage the brand name if not prudently handled.
Additional costs in delivery of the products.

Part b. Manufacture the products at home and set up a wholly owned subsidiary in Europe to handle marketing.

Advantages

Having full control in manufacturing activities.
It is easy to set up a strategy and multiply the manufacturing.
Having better regulator over human resources.
The brand name will not be damaged since the marketing is controlled by the same company

Disadvantages

Utilization of extra resources to be consumed on marketing
Having lack of information in European pharmaceutical procedures.
Additional costs in delivery of the products
Having lack of information in European pharmaceutical procedures

Part c. Enter into a strategic alliance with a large European pharmaceutical firm. The product would be manufactured in Europe by the 50/50 joint venture and marketed by the European firm

Advantages

The risk is distributed among the firms.
No additional delivery cost included.
Knowledge of European organization will be valuable in
understanding guidelines and advertising in European markets.

Disadvantages

Having less control in manufacturing activities
Shared of the profit among the partners.
Moderate level of exit cost is included.
Additional firm may harm the brand image.

7 0

3 years ago

Your medical group wants to expand by starting a new venture, owning and operating a pharmacy. In order to increase the chances

kolezko [41]

Explanation:

The opening of any business is subject to potential risks, so it is necessary for new entrepreneurs to maintain a proactive stance so that organizational practices and processes are effectively aligned to prevent risks. That's why it's important to know the market you're going to be in, as well as risk and opportunity management to guide your business to success.

Some potential <u>risks </u>in opening a pharmacy would be:

Product Risk: The products that will be marketed must be carefully selected and in accordance with the quality and safety parameters, especially when it comes to the sale of medicines, which presents greater care in marketing.

Market risk: A company only progresses if it has market to operate. A new business should consider whether it will be able to deliver a quality product with customer benefits compared to its competitors.

Supplier Risk: Choosing good suppliers is essential to organizational success. In the pharmaceutical industry it is necessary to choose good and reliable laboratories so that there is no risk of obtaining unsafe medicines for human health.

But in addition to risks, <u>opportunities </u>must also be considered when opening a new business. In this case they can be:

Market Opportunity: A pharmacy is a business that not only sells medicines, there may be increased profitability by selling non-durable goods such as food, beverages and beauty products, widely consumed by various types of consumers.

Reputation Opportunity: Because it is a pharmacy formed by a medical group, the reputation and image to the consumer can be enhanced, which creates greater security in choosing to buy a drug in your establishment.

Branding opportunity: A company that markets private label products ensures benefits such as consumer confidence and increased profitability by marketing low cost manufacturing products to the company.

3 0

3 years ago

Under what circumstancess should outsourcing be used for building Information systems​

Under what circumstancess should outsourcing be used for building Information systems