Answer:
True
Explanation:
As in the lean philosophy the production is based on specific customer demands, there are chances that when the order is received then the inventory required is not present and that the inventory is not held in hand.
Whereas in the traditional philosophy the production is based on the principle of budgets and sales forecast, accordingly the sales keeps on moving and the inventory is also held in hand prior to confirmation of order from customers.
Since there is no planning before the order is received from customers under lean, in emergency cases, or scarcity of resources, the inventory will fall short, and acquisition of inventory would not be easy.
Answers with Explanations:
1. What type of market is Huy Fong targeting with its Sriracha sauce?
"Huy Fong's Food Inc." is a company that sells <em>Sriracha sauce</em> made in California. It has also partnered with several companies in order to provide variety of products based on its official flavor.
Since Huy Fong is <u>open to competition with other rivals</u>, it is clear that the company is using the "monopolistic competition" <u>type of market.</u> Hung Fung is not the only company that sells sriracha sauce, other companies like <em>Heinz</em> and <em>Tabasco</em> are also selling the same sauce.
However, it has been branded as the most authentic and original of all. Such <u>uniqueness of the Huy Fung Sriracha sauce</u> makes it<em> stand out from the rest</em>. In this aspect, the company is <em>monopolizing the competition.</em>
2. Of the four categories of segmentation variables, which is most important to Huy Fong's segmentation strategy, and why?
Of the four categories of segmentation variables, "demographic" is the most important to Huy Fung's segmentation strategy. The company's target market are men and women who belong to the<u> age range of 20-30 in the United States.</u>
This is the<em> specific population</em> that the company is focusing on. These people are considered to be<em> budgeting their money</em> and in that sense, they'd be able to afford the sriracha sauce.
Answer:
expect the customer to wait = 6.74 sec
1 car would expect to see in the system.
Explanation:
given data
arrive rate λ = 300 per hour
verify the debit card u = 1 card per 5 second = 720 card per hour
solution
L(q) = 300² ÷ ( 2 × 720 (730-300) )
L(q) = 0.1453
L(q) = 2.0833
and
L(s) = 0.1453 + 300/720
L(s) = 0.5619 W(s)
so
expect the customer to wait = 0.5619 ÷ 300
expect the customer to wait =0.001873
expect the customer to wait = 6.74 sec
and
L(s) 0.5619 = 1 cars
so 1 car would expect to see in the system.
Answer:
$5,000
Explanation:
<em>Note that Lakeland Chemical manufactures uses weighted-average method of process costing</em>
Equivalent units
Materials = 9,000
Conversion Costs = 7,500
Total Costs
Materials = $20,500
Conversion Costs = $15,000
Cost per equivalent units
Materials =
Conversion Costs =
Total Cost in remaining in work in process
Total Cost
The total costs remaining in work in process on May 31 are $5,000.
