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Naya [18.7K]
1 year ago
7

Using the Chipotle example we have discussed in class imagine that all employees are paid $15/hour, the grill costs $300, and ea

ch cash register costs $200. All other utensils and items come at zero cost. Applying the principles of business process improvement that we have discussed in class, what is the lowest cost Chipotle can achieve with the highest flow rate
Business
1 answer:
Lelechka [254]1 year ago
5 0

Answer:

The correct answer will be "$620".

Explanation:

It is important to note that certain principles are involved in the process of streamlining business processes, including:

  • Interpersonal skills of the organizational leaders.
  • Client focus entirely, defined objectives, accuracy, and so on., are encouraged.

The lowest cost will be:

= (15\times 8)+300+200

= 120+300+200

= 620 ($)

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Consider a basket of consumer goods that costs $90 in the United States. The same basket of goods costs CNY 105 in China.
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Answer:

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For the second row in the table RER is <u>9</u>.

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Note: The table in the question is merged together. It is therefore sorted before answering the question. See the attached excel file for the sorted table.

The answer to the explanation to the answer is now provided as follows:

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e = Nominal exchange rate or Yuan per dollar = 10.50

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