The space on freeway is fixed at any instant of time. A supply curve that shows this is Perfect vertical.
The main answer is True.
The statement is correct, enterprise operations systems work in conjunction with the firm's ERP system to provide specific functionality to support supply chain operations.
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Explanation:</h3>
- ERP system to provide specific functionality to support supply chain operations.
- Supply chain management has been an integral part of ERP solutions adopted by several enterprises.
- Manufacturers need to interact with various suppliers and partners to obtain the raw materials and resources at the right time and at the right amount to bring finished goods to market.
- Businesses are actively focusing on several supply chain strategies to boost plant productivity, enhance product quality, and cut down on manufacturing costs.
- As the operations become more extensive and globalized, the integration of SCM becomes all the more important.
- ERP solutions can support multiple modes, such as make-to-order, engineer-to-order, and configure-to-order, and provide operations support across multiple sites in real time.
- ERP solution streamlines the path their products go through from supplier to warehouse and finally to store for the customer.
- As a result, businesses can avoid supply chain disruption.
This theory explains how ERP systems provide support to the supply chain.
So the given statement is True
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Answer: inefficient allocation of sales among sellers
Explanation:
A binding price ceiling is one in which the government imposes a legal minimum price that can be charged for a good, when the equilibrium price is below it. The ceiling creates a shortage in the market which leads to illegal activities, wasted resources and inefficient allocation to consumers.
However, it does not lead to inefficient allocation of sales among sellers.
Answer:
Proposal A: 5,455 units
Proposal B: 5,770 units
Explanation:
The break-even point is the number of units required for the revenue to equal the total costs.
For proposal A:
Fixed Costs = $60,000
Variable Costs = $13 / unit
Selling Price = $24 / unit
For proposal B:
Fixed Costs = $75,000
Variable Costs = $11 / unit
Selling Price = $24 / unit
Rounding up to the next whole unit, the break-even points for proposal A and B, respectively, are 5,455 and 5,770 units.
