Answered: The demand chain may be limited, as it…

Business

Management

The demand chain may be limited, as it takes a make and sell view of the business. True False

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Q: The IT functions do not directly support the business objectives of an organization. Select one: O…

A: Strategy is a plan made to achieve long term objectives. It can also be defined as planning and…

Q: A company periodically produces a part that is a basic component of an assembled product. Each time…

A: Production run cost = $ 119Holding cost per unit per week = $ 1.57The optimal number of part periods…

Q: Fill in the green and grey cells. Including the analytical model.

A: Here, very first, I would formulate the LP, Analytical model: Decision variables: The number of…

Q: Which of the following accounts is not affected by applied manufacturing overhead? Group of answer…

A: One of the most important aspects of running a business is understanding and keeping track of your…

Q: The UCC only covers goods transaction, not services transactions. True False

A: The Unifrom Commerical Code is a general set of rules and regulations for firms to make business…

Q: Higher the value of diversity factor results in the increase of maximum demand True False

A: Diversity factor is defined as the ratio of the sum of the maximum demands of the various part of a…

Q: UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hamburger patties, buns,…

A: Find the given details below:

Q: The rate of sale for a patio furniture set is estimated at live per week. The buyer places every,…

A: This question is related to the topic-Supply chain management and this topic falls under the…

Q: you are required to critique the strategic importance of procurement and inventory based on its…

A: Nestle is a multinational food and beverage corporation headquartered in Switzerland that operates…

Q: The sales order subsystem is the first part of the revenue cycle is called the physical part process…

A: The revenue cycle- it is the direct transfer of end products or services for money in a single…

Q: Chobani's equipment runs for 10 hours and must be idle for four hours while being cleaned. Its…

A: Chobani's equipment comes under operation control which mainly consist purchasing, inventory…

Q: Perform an ABC analysis of the data. Based on the results obtained, which element is classified as…

A: Here, for each SKU, I am given the table data that includes the annual demand and cost per unit…

Q: If a company "A" has an Inventory Turnover of 6.20 times while their competitor Company "B" has an…

A: Ans) Inventory Turnover is defined as the rate at which inventory stock is used, sold lr replaced.…

Q: Draft a letter as the manager of the QEC department of your university requesting the Head of the…

A: If we talk about can say that standardization is defined as an activity that gives rise to solutions…

Q: C&A Printing takes 10 seconds to print a page in color, but after 500 pages, the printer must be…

A: Given data is Processing time(P) = 10 seconds Cooling time(C) = 15 minutes = 15×60=900 seconds…

Q: Which one of the following activity shows semi-variable cost behaviour Unit level activity Batch…

A: Semi-variable cost behavior: A semi-variable expense, otherwise called a semi-fixed expense or a…

Q: A physical item that is produced and can be weighed or measured O Service O Good O Inventory O…

A: In the world of commerce, products play a central role. These products, often referred to as…

Q: Balanced Scorecard SCOR Model EVA - Economic Value Analysis The Logistics Scoreboard ABC -…

A: A balanced scoreboard can be defined as the performance metric in strategic management that helps in…

Q: The probability that a product operate within an expected timeframe is the dimension of quality…

A: Quality can be referred to as a totality of product or service features and characteristics that…

Q: Montaño Manufacturing is considering a purchase of robots to automate their manufacturing system.…

A: The term system availability represents a metric used by the companies in order to determine the…

Q: Statement 1 – For providing higher service levels an organization must hold higher levels of…

A: 1. The service level is the expected possibility of not having a stock-out. As a result, the target…

Q: Which one of the following is not an Operational Listings or Report from the Revenue cycle? Open…

A: Operational listing includes all those elements which brings sales to the company not the element…

Q: The demand analysis aims to develop an understanding of customer perceptions of a product or…

A: Conducting a demand study is necessary to determine consumer demand for a commodity or service in a…

Q: What is an “equivalent unit of production” and why it is a necessary concept to employ in a process…

A: Equivalent units of production: They are the total amount of units of finished inventory produced by…

Q: Which of the following business is referred to as extraction business? O a. Wholesaling business O…

A: Extraction business: Businesses that are involved in the extraction process. Businesses extract raw…

Q: Which foodservice system(s) should be considered in each of the following situations ? a. High…

A: In the dynamic landscape of the foodservice industry, selecting the appropriate foodservice system…

Q: full explanation please do.

A: Step -1Option ( b) is correct answerNew firms will enter the market decreasing price and…

Q: Which of the following is not a part of the production plan? Select one: Machinery and equipment…

A: The production plan is consisting of various factors that help the organization to complete the…

Q: A lathe is used to process an automobile part. The processing time per part is 4 minutes. After…

A: Batch size = 140 units Maintenance or setup time = 46 minutesProcessing time = 4 minutes per…

Q: Need the correct answer to this practice question I found online please Iggy's Ice Cream is working…

A: The objective of the question is to determine the appropriate buffer percentage that Iggy's Ice…

Q: Because of the perishability of services, _____________ is especially important. Group of answer…

A: Service delivery is perishable in nature, i.e. it cant be produced and stored for later use like…

Q: Example of business strategy where is about profit or value

A: A business strategy would outline the plan of action to achieve the vision and set objectives and…

Q: Chemical plants, oil refineries, liquor producers, pharmaceuticals, and nuclear power plants are…

A: A production process is based on the technique used by the business to produce products for its…

Q: A large hospital that batches orders for a variety of surgical supplies with its preferred supplier…

A: A large hospital that batches orders for variety of surgical supplies should use a fixed period…

Q: Which of the following answers best describes the term core competency?. O a capability that the…

A: Strategic management is the most common way of setting and executing an association's drawn-out…

Q: Which of the following are significant ways in which service systems differ from manufacturing…

A: Services are experience, satisfaction, and benefits that are consumed at the point of purchase.…

Q: Champagne and Christmas decorations generally exhibit a _______ pattern of demand. Group of answer…

A: Seasonal demand is defined as a specific time series with repetitious or predictable ways of demand,…

Q: Economies of scale, production techniques, product design and managerial efficiency are all examples…

A: Correct Answer : c) Cost drivers.

Q: when a product undergoes rapid changes in the technology it carries, manufacturers generally enjoy…

A: Rapid changes in a product's technology indicate that the product's technological characteristics…

Q: Explain briefly a) Efficient Production b) Inefficient Production c) What causes NPV to…

A: a) Efficient production or production efficiency is a situation in the economy where the business…

Q: Which of the following is not a part of the 3 processes for supply chain? Logistics…

A: Supply chain management entails the oversight of the processes that are involved in the acquisition…

Q: The goal when making the overbooking decision is to maximize supply chain profits by None of…

A: Supply chain management is all about managing supply chain activities effectively. All the…

Q: Examine the possible cash-flow issues and operational improvement possibilities of at least two KPIs…

A: Let's explore the potential cash-flow problems and ways to improve operations for the two key…

Q: Abrahamm Maslow's hierarchy is an efficient methodd to send purchase orders digitally fromm an…

A: Abraham Maslow put forth a theory regarding the decision-making process followed by humans in his…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.

Similar questions

A matrix of information that helps a team translate customer requirements into operating or engineering goals.
The supply chain management opportunity called postponement involves delaying deliveries to prevent inventory buildup at the customer site. Select one: a. False b. True
Which of the following is a primary activity in the value chain? A. Receiving and handling of raw materials and other inputs B. Setting up Contractual arrangements with various suppliers C. Finding suitable vendors to supply raw materials D. Negotiating prices with vendors E. Investigating new designs.
A is defined as an item consumed in one or a few uses. Select one: O a. durable good Ob. convenience good C. specialty good O d. nondurable good e. shopping good
Borges Machine Shop, Inc., has a 1-year contract for the production of 225,000 gear housings for a new off-road vehicle. Owner Luis Borges hopes the contract will be extended and the volume increased next year. Borges has developed costs for three alternatives. They are general-purpose equipment (GPE), flexible manufacturing system (FMS), and expensive, but efficient, dedicated machine (DM). The cost data follow: Annual contracted units Annual fixed cost Per unit variable cost General-Purpose Equipment (GPE) 225,000 $125,000 $18.00 The option GPE is best when the contracted volume is below Flexible Manufacturing System (FMS) Dedicated Machine (DM) 225,000 $500,000 $13.00 225,000 $200,000 $14.00 ☐ units (enter your response as a whole number).
Refers to the range of the number of items produced by the operation over a given period of time.(1) Volume of output.(2) Variation of output.(3) Variety of output.(4) Transformation process.(5) Transmission proces
The Bill of Material for a manufactured part has 10 items. These items are stored in a stockroom. No safety stock is planned for these items. The stockroom has inventory record accuracy of 95%. What is the probability of successfully finding required quantities of all 10 items to produce the manufactured part in this system? A. 60% B. 78% C. 90% D. 95% E. none of the above
Break-even volume is the number of unit sales required for total revenue to cover total cost. Select one: O True O False
The Northridge Company tends to keep the inventory low. At the same time, it is important to respond to demand quickly, since a customer who wants a product K is very likely to get one from a competitor if Northridge Company doesn’t have one available immediately. Northridge Company’s current policy to produce the product K is to produce 100 per week, which is the average demand. Even this is a problem, as the production manager has pointed out, since the equipment is also used for other products and the lot size of 300 would be much more efficient. He said he is currently set up the production for product K for the next week and states that he has capacity available to produce 300 at a time next week. The following lists the forecasts and actual customer orders for the next 12 weeks. Week 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 90 120 110 80 85 95 100 110 90 90 100 110 Customer Orders 105 97 93 72 98 72 53 21…
Cards are the easiest option for low volume tracking of a few products that are all in the same place. Select one: a. False. b. True.
Examine the possible cash-flow issues and operational improvement possibilities of at least two KPIs from the middle of the revenue-cycle dashboard of the chosen organization. Charges are captured for services provided. 91%(Color: Yellow)92%(Color: Yellow)85%(Color: Yellow)86%(Color: Yellow)Clinical documentation is completed within 5 days of patient visit/discharge.93%(Color: Green)96%(Color: Green)81%(Color: Yellow)81%(Color: Yellow)Area of the CycleKey Performance Indicator (KPI)Target: 100%January - MarchActualApril - JuneActualJuly - SeptemberActualOctober -DecemberActualMembers of the medical staff are notified within 2 days of any delinquent (greater than 5 days) clinical documentation in patient charts.100%(Color: Green)98%(Color: Green)99%(Color: Green)100%(Color: Green)Coding is completed within 5 days of clinical documentation completion in the medical record.100%(Color: Green)70%(Color: Red)78%(Color: Red)76%(
What happens to availability when the MTTR (time between failures) approaches zero? Is there a way to convey this circumstance correctly?