Answer:
a. Inflation rate is 75%
b, Inflation rate is 40%
Explanation:
Inflation rate = (the value expended on same quantity of goods last year minus the value expended on same quantity of goods in Base year) divided by the value expended on same quantity of goods in Base Year
The derivation of Inflation is shown in the attached document
Answer:
The unstated assumptions in the problems given is that the company may require more units of aluminium and steel, which would allow for producing more bicycles.A linear programming model cannot account for this.
Explanation:
Linear programming model: this is an algebraic description of te objectives to be minimized and the constraints to be satisfied by the variables.
Answer:
d. Low levels of job specialization
Explanation:
Firms that pursue cost advantage have effective & efficient management techniques.
Employee remuneration based upon individual productivity , Frequent performance reporting , High levels of outsourcing : are all important for proper management of firms to achieve cost advantage.
However, proper effective & efficient management cant be achieved without proper division of labour & specialisation of job. So, firms pursuing cost advantage have all features in their systems except 'Low levels of job specialization'