The monopolist's profit is $64. The monopolist's profit refers to the financial gain or earnings obtained by a monopolistic firm operating in the market.
To calculate the monopolist's profit, we need to find the quantity at which marginal cost (MC) equals marginal revenue (MR), and then substitute this quantity into the demand equation to find the corresponding price.
First, set MC equal to MR:
MC = MR
2 = 20 - 4Q
Solving for Q:
4Q = 20 - 2
Q = 18/4
Q = 4.5
Substitute the value of Q into the demand equation to find the price:
P = 20 - 2Q
P = 20 - 2(4.5)
P = 20 - 9
P = 11
To calculate the monopolist's profit, we need to find the total revenue and subtract the total cost. Total revenue is calculated by multiplying the price by the quantity:
Total Revenue = P * Q
Total Revenue = 11 * 4.5
Total Revenue = 49.5
Total cost is calculated by multiplying the marginal cost by the quantity:
Total Cost = MC * Q
Total Cost = 2 * 4.5
Total Cost = 9
Profit = Total Revenue - Total Cost
Profit = 49.5 - 9
Profit = $40.5
Therefore, the monopolist's profit is $40.5 or $64 (rounded to the nearest whole number).
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mom???????????????????????
mom ??????????????????????
Answer:
Go back to bed sweetie, here some fruit snacks now go to sleep.There are no monsters under your bed honey.
Explanation:
Have a great day.
Imagine you are a real estate agent and you’ve just met a couple who is ready to
buy their first home. Create a list of at least 20 possible questions you could ask
to determine what they are looking for in their new home.
Which is the main reason why IT professionals need to pursue continuing education and self-directed learning?
to obtain a formal degree
to develop a broad historical perspective
to meet legal training requirements
to maintain and improve professional skills
Answer:
B
Explanation:
Continuous professional development gives people the chance to improve their existing abilities and fill in any knowledge gaps, giving them an advantage in situations where they might need it, like a job interview.
Thus, Option D is correct.
What does professional development serve as?To support individual, school-wide, and district-wide improvements for the objective of raising student achievement, professional development aims to enhance knowledge and abilities. Federal and state mandates place a constant increase in demands on educators.
The rules and expectations for all public schools across the nation have drastically changed as a result of the federal No Child Left Behind legislation. One of the numerous modifications is the requirement that all professional development be directed on raising student accomplishment.
Therefore, professional development typically entails teachers expanding their knowledge of instructional strategies or extending their comprehension of academic content.
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A monopoly has two production plants with cost functions C1 = 40 + 0.2 Q1 and C2 = 50 + 0.1 Q2. The demand it faces is Q = 480 - 5P.
What is the profit-maximizing level of output?
A: Q1 = 50; Q2 = 100
B: Q1 = 60; Q2 = 120
C: Q1 = Q2 = 75
D: Q1 = Q2 = 160
The profit-maximizing level of output for a monopoly with two production plants and cost functions C1 = 40 + 0.2 Q1 and C2 = 50 + 0.1 Q2, and a demand function of Q = 480 - 5P, is Q1 = 60; Q2 = 120 (option B).
Explain: To find the profit-maximizing level of output, we need to find the quantity of output that maximizes the difference between total revenue (TR) and total cost (TC).
TR = PQ = (480 - 5Q)Q = 480Q - 5Q^2
TC = C1 + C2 = 40 + 0.2 Q1 + 50 + 0.1 Q2 = 90 + 0.2 Q1 + 0.1 Q2
To maximize profit, we need to find the values of Q1 and Q2 that maximize TR - TC. We can do this by taking the derivative of the profit function with respect to Q1 and Q2, and setting them equal to zero.
∂(TR - TC)/∂Q1 = 480 - 10Q - 0.2 = 0
∂(TR - TC)/∂Q2 = 480 - 10Q - 0.1 = 0
Solving these equations simultaneously gives us the values of Q1 and Q2 that maximize profit:
Q1 = 60
Q2 = 120
Therefore, the profit-maximizing level of output is Q1 = 60 and Q2 = 120 (option B).
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because monopolies have market power and can influence the price of the goods they sell, they tend to restrict and charge a higher than would prevail in a competitive equilibrium.
Because monopolies have market power and can influence the price of the goods they sell, they tend to restrict output and charge a higher price than would prevail in a competitive equilibrium.
What is a monopoly?A scenario known as monopoly occurs when there is only one seller in the market. The monopoly case is viewed as the polar opposite of perfect competition in conventional economic analysis.
A company with a monopoly is one where its product is sold exclusively and there are no close substitutes. Unrestrained monopolies have the ability to set prices and exercise market power. Examples include Microsoft and Windows, DeBeers and diamonds, and your neighborhood gas provider.
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because monopolies have market power and can influence the price of the good they sell, they tend to restrict ___ and change a higher _____ than would prevail in a competitive equilibrium
The _____________ represented sweeping changes to the tax code and reframed the computation of employee income tax.
The Tax Cuts and Jobs Act represented sweeping changes to the tax code and reframed the computation of employee income tax.
What is Tax Cuts and Jobs Act?Tax Cuts and Jobs Act serves as the established act that focus on the changes to the tax code as regards the employees.
Therefore,Tax Cuts and Jobs Act changes to the tax code reframed the computation of employee income tax.
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The United States is unique in its use of a 24-hour Internet; in most countries the Internet shuts down between 2:00 AM and 6:00 AM for maintenance. true or false
Answer:
False
Explanation:
The internet is composed by multiple Hosts and obviously the only way to shut down the internet is to shut down the catrillion computers that all together host the internet.
TRUE/FALSE. the relevant range of activity is the activity level where the firm will earn income.
The statement is true because the relevant range of activity refers to the range of production or sales volume in which a firm can operate efficiently and profitably.
It is the level of activity where all fixed costs and variable costs can be covered, and the firm can earn income. Outside of this range, the fixed costs cannot be covered, and losses will be incurred. Therefore, it is crucial for the management of a firm to identify its relevant range of activity to make informed decisions about pricing, production, and sales.
By doing so, the firm can optimize its profitability and avoid incurring unnecessary costs and losses. In conclusion, the relevant range of activity is a critical concept that affects the overall financial performance of a firm.
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Which statement about the Federal Reserve (the Fed) is true?
O Unless a person works there, the Fed has little impact on everyday life.
O The Fed determines the criteria banks must use to evaluate loan requests.
O The Fed sets monetary policy, which affects the interest rates banks offer.
O Because it is independent, the Fed reviews and approves the national budget.
A statement that is true on the Federal Reserve is that C. The Fed sets monetary policy, which affects the interest rates banks offer.
What does the Federal Reserve do ?The American central bank is known as the Federal Reserve System (FRS). It is conceivably the most potent financial organization in the entire globe and is sometimes referred to as "the Fed." It was established to give the nation a secure, adaptable, and stable financial and monetary system.
Its primary duties include controlling the money supply, establishing interest rates, and overseeing the financial system. In times of economic crisis, it also serves as a lender of last resort, as was shown during the financial crisis of 2008.
These powers of the Federal Reserve mean that it is the one which sets the monetary policy of the United States. This monetary policy will then affect the interest rates on loans, offered by banks.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Prompt
What is debt?
Answer:
debt is when you spent more money than you had
Which one of these is not a factor when determining ad rates.
"Incomplete".
Although part of your question is missing, you might be referring to this..
A factor when determining ad rates,
Generally, it is calculated based on the circulation and readership of the publication, which it has earned over time. In other words, the more popular a newspaper, the higher the Ad rates.
Size- One of the biggest and most obvious factors in cost will be the size of your ad., Frequency, Quality Content and Design, Regional Rates, Color, A Clearly Defined Target Audience, etc.
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Which of the following are money market instruments? Check all that apply.
Common stocks
O Treasury bills
O Long-term bank loans
O Commercial paper
Im Certificates
Certificates of deposit
Commercial paper is one of the following money market instruments. Commercial paper is a type of short-term, unsecured debt instrument issued by corporations to fund short-term liabilities.
What is money market?Bank accounts, including time credentials of deposit; interbank loans (loans between banks); money market mutual funds; commercial paper; Treasury bills; and securities lending and repurchase agreements are all examples of money markets (repos). The money market is an economic component that provides short-term funds. The money market specializes in short-term loans of one year or less. Money market funds are widely regarded as one of the most stable investments, as they have low volatility and are less susceptible to market fluctuations. Money funds are also more liquid than other investments with comparable returns, such as CDs, because they allow you to quickly withdraw cash or purchase other investments.To learn more about money market, refer to:
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A unique, nonroutine, important decision requiring conscious thinking, information gathering, and careful consideration of alternatives is a(n)
Answer:
Non-programmed decision.
Explanation:
A unique, nonroutine, important decision requiring conscious thinking, information gathering, and careful consideration of alternatives is a non-programmed decision.
Generally, when an individual (decision maker) makes a non-programmed decision it is typically considered to be an unstructured decision, original and new to him or her, as such these type of decisions are mainly complex or complicated in nature. An example of a non-programmed decision is the decision made by an individual whether to acquire a business firm from his close associates.
assume the beta for the stock market in general is 1.0 and the beta for world-wide television productions is 2.4. if the stock market increases in value by 10 percent, what is the expected increase in value for the world-wide productions stock? group of answer choices 14 percent 48 percent 24 percent 20 percent 12 percent
24 percent, Assume that World-Wide Television Productions' beta is 2.4 and that the beta for the stock market as a whole is 1.0. The predicted rise in value for the World-Wide Productions shares is 24% if the stock market appreciates by 10%.
Consider the stock market as a network of stock exchanges where investors and traders may buy and sell shares of publicly listed corporations. This is a simple way to think about the stock market. A procedure known as an initial public offering allows private firms to list shares of their stock on a market (IPO). The investment includes real-time trading of the stocks of the firms, making it also referred to as a "stock market." Primary and secondary stock markets are two different categories. Please be aware that it only deals in shares, whereas the stock market deals in bonds, derivatives, and foreign exchange, and that both markets operate in different ways.
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EZ Wheels Corporation manufactures kick scooters. The company offers a one-year warranty on all scooters. During 2017, the company recorded net sales of $1,900 million. Historically, about 4% of all sales are returned under warranty and the cost of repairing and/or replacing goods under warranty is about 30% of retail value. Assume that at the start of the year EZ Wheels' balance sheet included an accrued warranty liability of $16.3 million and at the end of the year, the accrued warranty liability balance was $12.4 million.
How much did EZ Wheels pay during the year to repair and/or replace scooters under warranty?
EZ Wheels paid $115.9 million during the year to repair and/or replace scooters under warranty.
To calculate the amount paid by EZ Wheels during the year to repair and/or replace scooters under warranty, we need to consider the change in the accrued warranty liability.
At the start of the year, the accrued warranty liability was $16.3 million, and at the end of the year, it decreased to $12.4 million. This decrease of $3.9 million represents the reduction in the liability due to warranty expenses paid by EZ Wheels.
We know that historically about 4% of all sales are returned under warranty. Therefore, the warranty expenses for the year can be estimated as 4% of the net sales:
Warranty expenses = 4% * $1,900 million = $76 million
Since the cost of repairing and/or replacing goods under warranty is about 30% of the retail value, the amount paid during the year can be estimated as 30% of the warranty expenses:
Amount paid = 30% * $76 million = $22.8 million
However, this amount represents the net reduction in the accrued liability. Therefore, to calculate the actual cash paid, we add back the decrease in the accrued warranty liability:
Actual cash paid = Amount paid + Decrease in accrued liability
Actual cash paid = $22.8 million + $3.9 million = $26.7 million
Hence, EZ Wheels paid approximately $26.7 million during the year to repair and/or replace scooters under warranty.
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Which of the following is an example of a direct materials efficiency standard? A.
$0.95 per square foot B. 6 direct labor hours per unit C. $40 per direct labor hour
D.50 square feet per unit
An example of a direct materials efficiency standard is D. 50 square feet per unit. This is because it measures the amount of direct materials (square feet) required for each unit produced, focusing on the efficiency in the usage of the materials.
Direct materials efficiency standard is the difference between the actual quantity of materials used and the standard quantity that should have been used at the actual production level, multiplied by the standard price. The Direct Materials standard isolates quantity issues from cost issues. Just as the Direct Materials Cost Standard reflects a deviation from the standard unit cost of raw materials, the efficiency standard reports when more or less than the standard amount of material is used to produce a product or complete a process.
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combinations of hand-tied and machine-made wigs and hairpieces are called
Combinations of hand-tied and machine-made wigs and hairpieces are called Semi-hand-tied.
An amalgam of hand-tied and machine-made techniques is used to create a semi-hand-tied wig. The loose fiber used in hair extensions is designed to be attached to the client's natural hair at the root.
Since they are smaller than wigs, hair pieces are available in a number of styles depending on the region that needs to be covered. Scrunchies, ponytails, clip-in fringes, and extensions are common hair accessories. One-piece and multiple-piece systems of hair are both possible.
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Explain Market Segmentation
In marketing, market segmentation is the process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers based on some type of shared characteristics.
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What is the max cycle time for the following process? (Keep one decimal place)
Task
Immediate Predecessor
Task Time (in minutes)
A
-
0.3
B
A
0.8
C
-
0.7
D
C
0.3
E
B
0.3
F
D, E
1.0
G
F
0.4
H
G
0.3
The maximum cycle time for the process is 3.1 minutes.
To determine the maximum cycle time for the given process, we need to identify the critical path, which is the longest path from the start to the end of the process. The critical path represents the sequence of tasks that will take the most time to complete and determines the maximum cycle time.
Looking at the task dependencies provided, we can construct the following network diagram:
A (0.3)
\
B (0.8)
/ \
E (0.3) F (1.0)
/ \
C (0.7) D (0.3) \
\ G (0.4)
H (0.3) /
\ /
-------
Based on the dependencies, we can identify the critical path as follows:
A -> B -> F -> G -> H
To find the maximum cycle time, we sum up the task times along the critical path:
0.3 + 0.8 + 1.0 + 0.4 + 0.3 = 3.1
Therefore, the maximum cycle time for the process is 3.1 minutes. This means that if all tasks are executed efficiently and without any delays, the process will take a minimum of 3.1 minutes to complete. It is important to note that any delays or variations in task completion times along the critical path can impact the overall cycle time.
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A customer needs to attach a
A. credit report
to a customer authorization form
Everyone responds differently to risk. When it comes to business risk, small business owners are mostly risk seeking rather than risk averse.
a. true b. false
False. When it comes to business risk, small business owners are not universally characterized as being mostly risk-seeking.
The response to risk varies among individual small business owners, and their risk tolerance can differ based on various factors such as personal circumstances, industry dynamics, financial considerations, and business goals.
While some small business owners may indeed exhibit a higher risk tolerance and be more inclined to take risks for potential rewards, it is not accurate to generalize that all small business owners are predominantly risk-seeking. Many small business owners, especially those concerned with stability, sustainability, and long-term success, adopt a more balanced approach to risk management, weighing the potential benefits against the potential downsides.
Ultimately, the attitude towards risk and the level of risk tolerance can vary significantly among small business owners, depending on their individual characteristics, experiences, and risk-reward preferences.
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Write a scenario that will help you understand the following word or topic and show me that you understand their importance.
Criticism - is the practice of judging the merits and faults of something. Criticism as an
evaluative or corrective exercise can occur in any area of human life. In specific areas of
human endeavor, the form of criticism can be highly specialized and technical; it often requires professional knowledge to understand the criticism.
Criticism is the practice of judging the merits and faults of something. Criticism as an evaluative or corrective exercise can occur in any area of human life.
Write a scenario that will help you understand criticism?You are a film director and your latest film has just been released. You're excited to see what people think of your work, but when you read the reviews, you are met with a lot of criticism. Some reviewers claim the acting was lackluster, others say the plot was confusing, and a few even say that the special effects were underwhelming.
At first, you feel disheartened and defensive. But after some reflection, you realize that criticism can be a valuable tool for growth and improvement. You start to take the criticism seriously and use it to inform your future work. You work on improving your acting direction, make sure that your plots are clearer, and pay more attention to the special effects.
A year later, you release a new film and it is met with widespread praise. Critics call it a major improvement over your previous work and praise the acting, plot, and special effects. You realize that criticism is an important part of the creative process and can help you become a better filmmaker.
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Assume that a local restaurant sells two items, salads and steaks. The restaurant’s only two customers on a particular day are Mr. Carnivore and Ms. Leafygreens. Mr. Carnivore is willing to pay $20 for a steak and $7 for a salad. Ms. Leafygreens is willing to pay only $8 for a steak, but is willing to pay $12 for a salad. Assume that the restaurant can provide each of these items at zero marginal cost.
How much additional profit can the restaurant earn by switching to the use of a tying strategy to price salads and steaks rather than pricing these goods separately?
a. $20
b. $12
c. $7
d.$6
Answer:
d.$6
Explanation:
$6 profit can the restaurant earn by switching to the use of a tying strategy to price salads and steaks rather than pricing these goods separately
What are the goods?The term Goods are products and resources that satisfy people's needs and wants. A good can be a natural science object, a provided service, or some accumulation of the two. Just about anything is good if it supplies some kind of benefit to consumers.
Using the technique of tying, products are packaged so that the price of the tied (combined) good is more in line with the buyer's overall willingness to pay for the two things.
There are four different types of goods in economics, which can be classified based on excludability and rivalrousness: private goods, public goods, common resources, and club goods.
Therefore, option (D) is correct.
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Knowing the laws about protecting employees and the environment are, and following them, is an example of how to deal with this type of risk.
2 points
strategic risk
compliance risk
financial risk
operational ris
Answer: compliance risk
Explanation:edg2021
C- Compliance risk relates to following the appropriate laws applicable on the specific organisation and reporting them to the respected authority.
Laws are the most basic yet mandatory compliance and following them is important as misbehavior will lead to penalties and punishments. Laws also refer to the base of functioning of an organisation in a particular way.
A business is subject to various risks depending upon its scale and nature of business. Laws relating to employee protection refers to igloo the rights of employees and providing them aid at different aspects of life.Not only the employees but their families also need to be protected and taken care of by ways such as providing them insurances, education to their children, healthcare aid and timely salaries to the employees.It should also be noted that, protection of environment is equally important. The organisation should function as per the limits provided in the laws and comply with them. No harm shall be caused to the environment over and above the limit .Hence, the correct option is C compliance risk relates to protection of employees and the environment.
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Which of the following is TRUE? *
Short term goals are typically 1 - 2 years long
An example of a goal being achievable is someone wanting it really badly
Your most expensive expenses are typically entertainment and clothing
If you are over budget, you must increase income or decrease total expenses
Answer:
increase income or decrease total expenses
Explanation:
Over budget refers to a situation where the estimated costs exceed the actual resources available or the amount allocated. Over budget is when expenses are more than allocated finances.
There are insufficient funds in an over budget. To address the insufficient funds issue, more resources must be obtained, or the expenses must be reduced.
before business managers consider the social responsibilities of firms in their communities, they need to:
Before business managers consider the social responsibilities of firms in their communities, they need to collect all relevant facts.
Business managers lead or supervise the firms, organizations, or departments they are associated with. They ensure the productivity and efficiency of the organization. They keep it organized and functioning by performance reviews, implementing operation strategies, and regulating daily activities.
Business managers are closely involved with employees to assuring the successful completion of projects on time. When business managers consider the social responsibilities of firms in their communities, they are obliged and committed to improving and protecting society's welfare along with their firms' interests.
Business managers can take up societal responsibilities after ensuring the availability of diverse resources like money, labor, functional expertise, and competencies.
Therefore, it is important to collect all relevant facts before committing to societal goals.
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describe reasons and steps you would take to implement safe for an organization. also, what insights led you to believe that these might work and why is this a sustainable competitive strategy?
Implementing safety measures in an organization involves conducting risk assessments, developing comprehensive safety policies and procedures, and providing regular training to employees.
Implementing safety measures in an organization is crucial to protect the well-being of employees, safeguard company assets, and ensure regulatory compliance. To achieve this, the following steps should be taken:
1. Conduct risk assessments: Begin by identifying potential hazards and assessing the level of risk associated with each. This can involve inspecting work areas, reviewing accident reports, and engaging employees in the process to gain valuable insights. By understanding the risks, appropriate preventive measures can be implemented.
2. Develop safety policies and procedures: Create clear and concise safety policies that outline the organization's commitment to maintaining a safe work environment. Establish procedures for reporting incidents, handling emergencies, and addressing potential safety hazards. These policies and procedures should be communicated effectively to all employees to ensure compliance.
3. Provide regular training: Training sessions should be conducted regularly to educate employees about safety protocols and best practices. This includes training on emergency response procedures, proper use of equipment, and awareness of potential workplace hazards. Ongoing training ensures that employees are well-informed and equipped to prioritize safety in their daily tasks.
By implementing these steps, an organization demonstrates its commitment to prioritizing the safety of its employees and stakeholders. It not only reduces the risk of accidents and injuries but also fosters a culture of safety, which can lead to increased productivity, employee satisfaction, and overall organizational success. Moreover, by complying with safety regulations and industry standards, the organization can mitigate legal and financial risks associated with non-compliance.
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This jacket is so thin. It can't possibly keep out the rain."(Use the boomerang method.)
Answer:
The jacket is thin because it uses a fiber called thinsulate that enables it to have the lightest weight but is also the warmest.
Explanation:
In general marketing, the boomerang method refers to the 'reconstruction' of the customer's objection into the main reason for buying. In other words, using the same excuse that a customer has about a product to entice him/her to buy that product by reframing it as a selling point is known as the boomerang method.
In the given scenario, the customer's objection is about the thinness of the jacket can be used as a selling point by the salesman by stating that the lightness of the jacket is what makes it a good product. So, if the seller tells the customer "the jacket is thin because it uses a fiber called Thinsulate that makes it thin but also warm", then that will make it an interesting and important factor for the customer to like the product more.
One of the LEAST effective supplier strategies for lean systems is:____________
A. smaller, more frequent stock shipments.
B. a short-term, competitive relationship between the company and the supplier.
C. use of local suppliers.
D. to include suppliers during the product design phase.
Option B is correct. One of the least effective supplier strategies for lean systems is short-term competition between the company and the supplier.
What is a lean supply system?Lean supply chain management consistently eliminates non-value-added time and consistently shortens lead times at all stages of the supply chain, from raw material production by suppliers to delivery of finished goods to end users.
What is ultimate goal of lean systems?The goal of all lean systems is to maximize customer profits. Lean thinking can greatly improve the productivity and functioning of teams and departments, but implementing Lean across an organization has the greatest impact on customers.
What does lean system do with suppliers?Lean systems typically require suppliers to be able to deliver large lots on a regular basis. Lean systems require suppliers who often deliver small batches. Lean buying requires frequent contract offers from multiple sources to ensure competitive pricing for buyers.
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