Answer:
Outputs of operations management processes are always tangible goods.
Explanation:
Operations management focuses on the production and distribution processes of both goods and services. Its main goal is to improve the efficiency and effectiveness of the processes involved.
When applying operations management o service processes, you must pay attention to how the service is delivered to customers, e.g. procedures, schedules, activities, etc.
Answer:
The correct answer is downward sloping; downward sloping.
Explanation:
In a perfect competition the demand curve for an individual firm is a horizontal line parallel to the x axis. This happens because the firm is a price taker and operate on the price determined by the intersection of demand and supply curves. Any increase in the price will cause the demand to become zero.
While in the monopolistic market a single firm has downward sloping demand curve. Here, the firm is price maker and decides price level. Though, the consumers will demand more at lower price.
The industry supply curve for both will be downward sloping. This happens because, the firms consumers in a market will always demand more at low prices. The demand and price are inversely related.
<span>A firm determines its profit by subtracting total cost from revenue</span>
Answer:
The best batch size for this item is 400 units.
Explanation:
As given Annual demand (D)=1000 units, Carrying cost (H)=$10 per unit, set up cost (S)=$400.
As per the production order model formula will be:
\sqrt{2}D*S/H[1-d/p]} .
d for week=1000/50
=20. p per day
=40 units/7 days.
=5.71
d per day = 20/7
=2.85
Therefore on applying all these:\sqrt{}2*1000*400/10[1-2.85/5.7.
on solving this we will get 400 Units
Therefore, The best batch size for this item is 400 units.
Answer:
Current liabilities $3.2 million
long-term liabilities =$16 million-$3.2 million-$3.2 million=$9.6 million
Explanation:
The amount classified as current liabilities as at 31st December 2018 is the portion of the loan repayable within a year,that the repayment due at 31st December 2019 which is $3.2 million.
The amount to be classified as long term liabilities is the balance of the loan after having taken out the payment in year 1 as well as the repayment to be made in year 2
