True or False: If a company with low automation wanted to invest in a single area that exclusively lowers labor costs, they would select QIT (Quality Initiative Training). A. True B. False
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True or False: If a company with low automation wanted to invest in a single area that exclusively lowers labor costs, they would select QIT (Quality Initiative Training).
A. True
B. False
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- 4. Happy Toy Company's R&D The Happy Toy Company's R&D department is always looking for great ideas for new toys. On average, the R&D department generates about 10 new toy ideas a week. To go from idea to approved product, the idea must go through 5 stages: Pr(Fail) = 40% Pr(Fail) = 50% Pr(Fail) = 65% Pr(Fail) = 80% Initial Safety testing Focus Final decision Mockup screening group In initial screening a staff member spends 2 hours considering the idea. In mock-up, the idea is sent to one of many suppliers to produce a physical mock-up of the toy. There is essentially unlimited capacity at this stage, but it takes 4 days to get the mockup built even though multiple mockups can be built simultaneously. In safety testing each idea requires 2 days from a staff member to have the idea checked for safety. In focus groups each idea requires 3 hours from a staff member to have the idea test marketed. Finally, the management team meets for 4 hours per idea to decide if the toy should be added…Which of the following should NOT be included in the analysis of a new product? 1. money already spent for research and development of the new product II. reduction in sales for a current product once the new product is introduced III. increase in accounts receivable needed to finance sales of the new product IV. market value of a machine owned by the firm which will be used to produce the new product V. $1,000,000 the company spent 5 years ago to buy a machine which will be used to produce the new product I and III QI and V II, III, and IV I, II, and IVIn case of a production company which produces 3 different products (RE1, RE2, RE3), we know the following information: Measuring Unit RE1 RE2 RE3 Quantity unit 3,000,000 4,000,000 5,000,000 Sales Price Euro/unit 2,500 3,000 3,500 Production Cost Euro/unit 1,500 1,500 1,500 Consumption Factor kg/unit 0.02 0.04 0.01 Tasks: a) Has a company scarce resource if the company has only 250 tons raw material? b) Calculate the optimal composition of products! c) Determine the estimated total sales!
- I want the answerA customer's perception of ** value **is largely determined by What the customer knows about the firm's unit cost of production in comparison to A what the firm charges its customers (retail price). What it costs the customer (in terms of time) B to search for information and evaluate alternatives. What it costs the customer to transfer his/ her existing brand loyalty to another brand. The perceived benefits the customer receives from a product in relation to what D it costs the customer to purchase the product.A new product, an automated crepe maker, is being introduced at Knutt Corporation. At a selling price of $59 per unit, management projects sales of 70,000 units. Launching the crepe maker as a new product would require an investment of $500,000. The desired return on investment is 12%. The target cost per crepe maker is closest to: A. $59.00 B. $65.12 C. $58.14 D. $66.08
- Suppose that the Mendenhall Corporation, a producer of women’s handbags, has determined that a 73 percent experience curve accurately describes the evolution of its production costs for a new line. If the first unit costs $100 to produce, what should the 10,000th unit cost based on the experience curve?One of the ways that Just-In- Time (or JIT) influences quality is that by reducing inventory, bad quality is exposed. * а. True b. False "Making it right the first time" is je La, an unrealistic definition of quality b a user-based definition of quality a manufacturing-based definition of С. quality e, a product-based definition of qualityNeed analysis has the same meaning not only with requirement analysis but also with gap analysis. Select one: True False
- 36. This risk stems from the unavailability of raw materials, IT, skilled labor, facilities, or other resources that threaten the organization's ability and capacity to continue operations. Group of answer choices None of the choices Product or service failure risk Availability risk Business interruption risk Commerce riskA work team is looking at a current product in the LUML catalog --- the L555X fixture. The L555X was introduced about 2 years ago; is a pretty good seller; seems to meet customer needs (virtually no complaints and few returns); and should be in production for several more years. No major changes in capability are planned. However, LUML is interested in improving the profits from the product. Marketing opines that the L555X is fairly priced given the competition and L555X’s capabilities. One option to try to increase profits is to raise the price (revenue) while holding the production expenses constant. Marketing believes that the L555X has a typical demand curve; and an increase in price will lead to a decrease in sales volume and lower overall revenue. On January 13, the team analyzed the current design and identified 63 parts in the L555X. On January 27 and 28, the team met with the industrial engineering department. Together they were able to identify 108 interfaces in the L555X.…14. If Product Z costs $1000 and Product Y costs $1500 Benefits 2300 units. Benefits 4000 units A.Calculate the perceived value that the customer will get from product Z and Y. (show the formula and the calculation) B.Which one will the customer probably buy ? explain . * Enter your answer