Answer:
Option (a) is correct.
Explanation:
Mike can make 4 tables or 20 chairs:
Opportunity cost of producing 1 chair = 4 ÷ 20
= 0.2
Sandy can make 6 tables or 18 chairs:
Opportunity cost of producing 1 chair = 6 ÷ 18
= 0.33
Therefore,
Mike has the comparative advantage in producing chair because he has the lower opportunity cost as compared to Sandy.
By asking questions and demonstration. In this way, you would be able to understand the instructions fully. With the help of demonstration, it will help you understand on what to do while by asking questions, it allows you to understand the whole procedure and its importance.
Answer:
a. Cost Leadership
Explanation:
Porter five forces of the model refers to the rivalry among competitors, bargaining power of suppliers, bargaining power of buyers, the threat of new entrants, the threat of substitution.
The competition between rivals deals with the competitors ' strengths and weaknesses so that the business does the planning appropriately.
The supplier's bargaining power indicated that the shift in the price of the product caused by the supplier's offer and the consumer is motivated to the product as the product is special which affects the overall profit
The buyer's bargaining power relates with the number of buyers and how many orders a single buyer places.
The threat of new entrants will affect the company's total position if the competitor comes on the market.
The threat of substitution is an alternate way of producing the goods and services that can also weaken your position and have a direct impact on profitability.
<u>Answer:</u>
<em>Yes, but only to clarify the ambiguous contract terms
</em>
<em></em>
<u>Explanation:</u>
Breach of contract is a legitimate reason for activity and a sort of common wrong, wherein a sound understanding of anticipated trade isn't regarded by at least one of the gatherings to the agreement by non-execution or obstruction with the other party's presentation.
A material breach is the most genuine type of break of agreement. In these cases, somebody has failed to maintain their obligations as spread out in the contract. At the point when this happens, the harmed party can seek after harms in a standard suit. In the end, when a contractual worker finishes an undertaking yet isn't paid, this is viewed as a material breach.
Answer:
8.5
Faster than Normal
Explanation:
Charlene Brewster normal time for the operation will be calculated by taking average of times.
( 8.4 + 8.6 + 8.3 + 8.5 + 8.7 + 8.5 ) / 6
= 8.5
The normal time will be calculate by dividing the Charlene Brewster time by performance rating
8.5 / 110% = 7.7
The Charlene work performance is rated as faster than the normal time.
