Preview

ids cheat sheet

Good Essays
Open Document
Open Document
988 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
ids cheat sheet
An operation increases its production level and observes that the cost of producing each unit decreases.
This is an example of: Economies of scale. Organizations have: internal and external supply chains. The center of gravity method for location choice is often used to minimize: shipping costs. Which of the following are common reasons a firm might expand into new countries?: To operate under less restrictive regulations and to improve access to foreign markets. . Compared to service operations, manufacturing operations tend to have more and to be less: standardized output; labor-Intensive. Regarding the transportation model, which of the following statements is true? Each unit shipped on the same route has the same shipping cost. Strategy formulation typically includes: Assessing core competencies and Environmental scanning Factory managers have built a small version of a building as a training aid for fire drill procedures this is an example of a model: Physical. Given the following information, what would utilization be? Design capacity = 1000 units per day Effective capacity = 800 units per day Actual output = 600 units per day: (UTILIZATION = ACTUAL OUTPUT/DESIGN CAPACITY): 600/1000 =60%. Compared to manufacturing operations, an important difference in capacity planning for service operations is that: service operations must often be located near customers and Services cannot be stored. Given the following information, what would efficiency be? Design capacity = 800 units per day Effective capacity = 600 units per day Actual output = 400 units per day: (EFFICIENCY = ACTUAL OUPUT/EFFECTIVE CAPACITY): 400/600=67%. In regard to hierarchical planning, tactics are best described as: the methods and actions taken to accomplish strategies. Productivity is expressed as: output divided by input. Gourmet Pretzels bakes soft pretzels on an assembly line. It currently bakes 4000 pretzels in each 12-hour shift. If the production is increased to 5000 pretzels each

You May Also Find These Documents Helpful

  • Satisfactory Essays

    unit 3

    • 310 Words
    • 2 Pages

    b) Economies of Scale in material purchasing: Economies of scale are reductions in average costs attributable to production volume increases.…

    • 310 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Hammons Center Case Study

    • 1259 Words
    • 6 Pages

    c. a decline in the price of the basic raw material used in producing X…

    • 1259 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Technical progress causes the production process to change over time. For example, wider roads and improved traffic control systems may result in increased output (i.e., bus miles) even though the number of buses (i.e., capital input) and drivers (i.e., labor input) remains constant. Likewise, the replacement of older buses with new models may increase output since the new buses may be faster and more maneuverable. Finally, as the experience level of the bus drivers increases over time, output may increase even though the number of drivers remains constant…

    • 532 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Eco Study Question

    • 3044 Words
    • 13 Pages

    The economic principle that producers are willing to produce more output when price is high is depicted by the:…

    • 3044 Words
    • 13 Pages
    Good Essays
  • Satisfactory Essays

    Glg 101 Final Exam Paper

    • 1436 Words
    • 6 Pages

    36. The practice of increasing the production levels of a product to reduce the cost of each item is known as _________.…

    • 1436 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    This usually creates a more efficient process that is able to employ resources more fully (Chase et al., 2006, p. 432). Whereas diseconomies of scale would exist if the plant becomes too large and the demand required for keeping up with the facility required discounting the price. When a plant gains economy of scale, it produces more. As plants produce more, they gain experience in the best production methods and reduce the costs of production. Every time a plants cumulative production doubles, the production costs decline (Chase et al., 2006, p. 432). Using capacity flexibility allows for the rapid increase or decrease in production levels or the ability to shift production capacity from one service to another. This requires flexible workers with multiple skills and the ability to switch tasks easily. Riordan employees all self-directed teams in which each team member is trained in multiple areas providing for this…

    • 765 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Economics Midterm Exam

    • 2518 Words
    • 11 Pages

    2. A company in a competitive market can increase its producer surplus by selling below…

    • 2518 Words
    • 11 Pages
    Good Essays
  • Satisfactory Essays

    f. The reduction in unit cost achieved from a higher level of output. Economics of scale.…

    • 1713 Words
    • 9 Pages
    Satisfactory Essays
  • Good Essays

    Economics 561: Case Study

    • 1117 Words
    • 5 Pages

    a. Labor- to increase output, labor force for this product must occur. Due to the simplicity of the production process, Will can hire non skilled labor at hourly rate that is favorable to his budget. Labor is a variable cost because it will fluctuate with the rate of production. To free him of some time, he can hire one person for a couple of days a week and then gradually hire more as the revenue increases.…

    • 1117 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    According To Figure 13-6

    • 1192 Words
    • 5 Pages

    2. According to Figure 13-7, how much profit will the firm make if it sells 400 pictures?…

    • 1192 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Accounting

    • 748 Words
    • 3 Pages

    2. Costs that rise and fall proportionately with the volume of output are often referred to…

    • 748 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    18) In the short run, marginal product of labor increases at first and then falls because…

    • 1275 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Ans in: The development of new automated machinery for the production of minivans is an improvement in technology. This reduction in firms' costs will result in an increase in supply. Demand is not affected. The result is a decline in the price of minivans and an increase in the quantity sold Supply increases, so the price falls and the quantity rises.…

    • 352 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Cost Control

    • 2059 Words
    • 9 Pages

    * Increase in sales volume results in greater employee efficiency at lower labor cost per unit…

    • 2059 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    that the more goods produced leads to less production cost per item. The cost of living decreases…

    • 1748 Words
    • 7 Pages
    Good Essays