Answer:
actual customer demand
Explanation:
Pull production systems can be regarded as system whereby the product is been manufactured as a result of response to a specific demand. pull system can be regarded as lean manufacturing strategy , this strategy helps in reduction of waste in the production process. The components that is been used in manufacturing process are been only replaced only when consumed , so in this case, enough products are been made by companies only to meet customer demand. It should be noted that In a pull manufacturing system, Production is based on actual customer demand
Answer:
The correct answer would be option D, Scholarships
Explanation:
Scholarships are basically grants, given to students who cannot pay for their education expenses. Grants are the funds that are given to an entity by the Government or financial institution or any institution which the receiving party is not required to repay. Grants are usually given to the non profit organizations, Educational institutions, individuals or businesses to help them grow and meet their expenses better. So scholarships are the grants given to students by the college authorities to continue their education and meet their educational expenses and the students are not required to payback these student scholarships.
Answer: $1000
Explanation:
You didn't give the options but let me help out.
From the question, we are informed that Hi Phi Unlimited's total revenue from installing 15 sound systems is $30,000 and its total revenue from installing 18 sound systems is $33,000.
The marginal revenue that is received from selling the 18th sound system would be calculated as:
=($33000 - $30000) / (18 - 15)
= $3000 / 3
= ,$1000
Answer:
B
Explanation:
Asymmetric information is an instance of market failure.
It is when one party to a transaction possesses greater information or knowledge than the other party. e.g. when a seller possesses greater information than the buyer or when a buyer possesses greater information than the seller.
Individuals know when they have a more healthy lifestyle while their insurers might not be privy to such information due to privacy laws
