and inspection procedures * Opportunities for long production runs‚ automation * Need for fewer parts justify increased expenditures on perfecting designs and improving quality control procedures. Disadvantages of Standardization * Decreased variety results in less consumer appeal. * Designs may be frozen with too many imperfections remaining. * High cost of design changes increases resistance to improvements * Who likes optimal Keyboards? * Standard systems are more
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1. A nation’s ability to compete with other nations impacts a business’ strategy in the area of: A) Marketing B) Finance C) Operations D) Distribution E) All of the above 2. Competitiveness doesn’t include: A) Productivity B) Effectiveness C) Profitability D) Operations Strategy E) Operations Management 3. Cost cutting in international operations can take place because of A) lower taxes and tariffs B) lower wage scales C) lower indirect costs D) less stringent regulations
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any business organisation‚ achievement of efficiency in production or cost minimisation for a given production activity appear to be one of the prime concern of the managers In the manager’s effort to minimise production costs‚ the fundamental questions he or she faces are: (f) How can production be optimized or costs minimised? (g) What will be the beaviour of output as inputs increase? (h) How does technology help in reducing production costs? (i) How can the least-cost combination of inputs
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Production Cycle The production cycle is a set of business activities and data processing operations associated with the manufacturing of products. Louwers (2007) points out that “the production cycle is closely linked to the acquisition cycle in which goods and services are purchased and to the revenue cycle in which the inventory is sold (p. 328). As products cycle through the stages from raw goods all the way through finished goods‚ the production cycle is concerned with how to account for
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Production Budget: Learning Objective of the article: 1. Define and explain production budget. 2. Prepare a production budget. Definition and Explanation of Production Budget: Theproduction budgetis prepared after thesales budget. Theproduction budgetlists the number of units that must be produced during each budget period to meet sales needs and to provide for the desired ending inventory. Production needs can be determined as follows. | Budgeted sales in units-------------------
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Cellular Respiration: ATP Production What is ATP? -stands for Adenosine Triphosphate. -often called the “molecular unit of currency” -a chemical compound which cells use to store energy or to release energy. -consists of the adenine‚ ribose sugar‚ and 3 other phosphate groups. ATP’s main purpose is to transport chemical energy within cells for metabolism. In this production‚ the Mitochondrion is the production centers of ATP. NADH and FADH2 • Are electron carriers that
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P.6 The federal government should stop the production of pennies‚ because the pennies have become useless in this economy today‚ makers of pennies could be doing more useful jobs‚ and the bill would simply decrease the use of the penny. The time has come to abolish the outdated‚ almost worthless
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Question No. 1 P: 219 Explain the difference between short run and long run production function; cite one example of this difference in a business situation. The short run production function shows the maximum quantity of a good or service that can be produced by a set of inputs‚ assuming the amount of at least one of the inputs used remains unchanged. While a long run production function shows the maximum quantity of a good or service that can be produced by a set of inputs‚ assuming the
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Section 5 Operations Production Production Techniques From Jollibee’s deep wellspring of resources‚ Jollibee Worldwide Services (JWS) was formed to be the JFC Group of Companies’ partner in delivering shared services for all its business lines. Borne out of JFC’s foundational values and in full support of its mission and vision‚ JWS is positioned to be the leader in the shared services industry‚ a “partner of choice” for the most aggressive business movers in the world today. Our mission
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Worlds Cocoa. So we go directly to the production of chocolate. Chocolate production starts with harvesting coca in a forest. Cocoa comes from tropical evergreen Cocoa trees‚ such as Theobroma Cocoa. Cocoa needs to be harvested manually(вручную) in the forest. The seed pods(семена) of coca will first be collected; the beans will be selected and placed in piles(сваи). These cocoa beans will then be ready to be shipped to the manufacturer for mass production. Step #1: Roasting and Winnowing the Cocoa
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