dfss is a tool for decision making that helps companies focus on a customer driven approach and set of product characteristics
Answers
It is incorrect to state that DFSS is a tool for decision-making that supports businesses in concentrating on a customer-driven strategy and set of product attributes.
Design for Six Sigma (DFSS) is a business process management approach connected to conventional Six Sigma. It is employed in a wide range of sectors, including electronics, banking, marketing, process industries, basic engineering, and waste management.
The goal of DFSS is to identify consumer and business needs and incorporate them into the product solution that has been established, whereas the tools and order utilized in Six Sigma demand that a process be in place and operating.
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Related Questions
Explain the check and balance of power between the legislative and executive branch when it comes to the power to make laws.
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Laws are created by the legislative branch, but the President, who is part of the executive branch, has the power to veto them.
How do the legislative and executive branches work together?The day-to-day administration and enforcement of Federal legislation is the duty of the executive branch, through the Federal agencies. The aims and responsibilities of these federal ministries and agencies range greatly, from safeguarding the environment to securing the country's borders.A statute may be subject to the President's veto in the executive branch, but with enough votes, the legislative branch can override the veto.The legislative branch has the authority to ratify presidential appointments, manage the budget, impeach the president and force their resignation.Executive orders, which are akin to proclamations and have legal effect, can be declared by the executive branch, but they can also be ruled unlawful by the judicial branch.Learn more about legislative and executive branches here:
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True or False: Classifying products into meaningful categories helps marketers decide which strategies and methods will help promote a business's product or service.
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True. Product categorization assists marketers in determining which techniques and approaches will best promote a company's product or service. Marketers may acquire a better knowledge.
of each product and its market potential by categorizing them based on its qualities, features, advantages, and target audience. This data may then be utilized to create effective marketing plans and select the best channels and approaches for reaching out to and engaging potential clients. If a product is classed as a luxury item, the marketer may opt to target wealthy clients through high-end retail establishments, high-end periodicals, and exclusive events. If, on the other hand, a product is designated as a low-cost item, the marketer may opt to target low-cost clients through discount outlets.
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Assume that you would like to put money in an account today to make sure your child has enough money in 10 years to buy a car. If you would like to give your child $10,000 in 10 years, and you know you can get 5% interest per year from a savings account during that time, how much should you put in the account now?
Answers
A = P(1 + r/n)^(nt)
Where:
A = the future value of the investment
P = the principal (initial investment)
r = the annual interest rate (as a decimal)
n = the number of times the interest is compounded per year
t = the time period (in years)
Using this formula, we can solve for P, the amount of money we need to put in the account now:
A = $10,000 (the future value we want)
r = 0.05 (the annual interest rate)
n = 1 (since interest is compounded annually)
t = 10 (the time period in years)
P = A / (1 + r/n)^(nt)
P = $10,000 / (1 + 0.05/1)^(1*10)
P = $10,000 / (1.05)^10
P = $10,000 / 1.62889
Therefore, you should put approximately $6,131.41 in the savings account now to ensure that you will have $10,000 in 10 years, assuming a 5% annual interest rate compounded annually.
The Red Toy Company currently uses an injection moulding machine that was purchased 2 years ago at cost RM28,000. This machine is being depreciated on simplified straight line method and has 6 years of remaining life. This machine can be sold for RM20,000 at this time. Red Toy is offered a replacement machine which has a cost of RM25,000. It would incur another RM5,000 to modify the machine for special use by the firm. The machine has estimated useful life of 6 years and estimated salvage value of RM2,000. The replacement machine would permit an output expansion and greater efficiency, so sales would rise by RM5,000 per year and operating expenses are expected to decline by RM1,200 per year. The new machine would require that inventories to be increased by RM20,000, but account payable would simultaneously increase by RM5,000. The tax rate is 28 percent and the cost of capital is 15 percent.
i. What is the project’s initial outlay? (5
Answers
The project's initial outlay is -RM5,000, which shows a cash flow a cash outflow.
What is the project's initial outlay?To calculate the project's initial outlay, we got to consider money streams related with the purchase and adjustment of the substitution machine, changes in working capital, and any rescue value from the existing machine.
Purchase of Substitution Machine:
Cost of substitution machine: RM25,000
Cost of alteration: RM5,000
Total fetched of substitution machine: RM25,000 + RM5,000 = RM30,000
Changes in Working Capital:
Increment in stock: RM20,000
Increment in accounts payable: RM5,000
Net alter in working capital: RM20,000 - RM5,000 = RM15,000 (outpouring)
Salvage Value of Existing Machine:
Sale income from existing machine: RM20,000
let's calculate the initial outlay:
Initial Outlay = Taken a toll of substitution machine + Changes in working capital - Salvage value of existing machine
Initial Outlay = RM30,000 + (-RM15,000) - RM20,000
Initial Outlay = RM30,000 - RM15,000 - RM20,000
Initial Outlay = RM30,000 - RM35,000
Initial Outlay = -RM5,000
The project's initial outlay is -RM5,000, showing a cash outpouring.
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A person is a professional truck driver and a car salesperson. Which action
would she most likely take if she wanted to increase her level of economic
specialization?
A. Move to another country that has fewer truck drivers
B. Hire an employee who can both drive trucks and sell cars
ce
C. Stop driving trucks to focus on becoming better at selling cars
D. Continue driving trucks and selling cars, while also learning to
repair engines
Answers
Answer:
C. Stop driving trucks to focus on becoming better at selling cars
Explanation:
I would think this because she would be more successful since she would get paid more
C. Stop driving trucks to focus on becoming better at selling cars
The following information should be considered:
For increasing the level of economic specialization the driving truck should be stopped. Due to this, it should be focus on becoming the better at selling the cars.Learn more: https://brainly.com/question/17961582?referrer=searchResults
Fill The Blank! a ________ is a multinational corporation that centralizes its management and other decisions in the home country.
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A multinational firm that centralizes all management as well as other decisions with in home country is referred to as a "centralized global corporation."
Explain about the centralized global corporation/multinational corporation?A worldwide corporation with centralized management has its main headquarters in the nation of origin.
There, executive officers with management are in charge of both domestic and international operations. They make the important business choices rather than managers in local offices in other nations. For big actions, the offices normally have to report to and get permission from headquarters staff.An organization is considered a global corporation if its operations span at least two nations. Some individuals would classify any business having an overseas branch as a multinational corporation. Some people might restrict the term to only include businesses with at least 25% of their revenue coming from sources outside of their own nation.Thus, a multinational firm that centralizes all management as well as other decisions with in home country is referred to as a "centralized global corporation."
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If the supply of iron ore mined in Venezuela has fallen due to significant political disruptions in the country, then the
A. Equilibrium price and equilibrium quantity of Venezuelan iron ore will rise
B. Equilibrium price and equilibrium quantity of Venezuelan iron ore will fall
C. Equilibrium price of Venezuelan iron ore will fall and equilibrium quantity of Venezuelan iron ore will rise
D. Equilibrium price of Venezuelan iron ore will rise and equilibrium quantity of Venezuelan iron ore will fall
Answers
If the supply of iron ore mined in Venezuela has fallen due to significant political disruptions in the country, then the Equilibrium price of Venezuelan iron ore will rise and the equilibrium quantity of Venezuelan iron ore will fall.[D].
What makes iron non-renewable?
Due to the period of time, it takes to produce, iron ore is a non-renewable source that is difficult to refill. It is 1.8 billion years old for the majority of the iron ore that is present deep within Earth's rocks.
The Venezuelan iron ore equilibrium price will increase while the equilibrium amount of iron ore in Venezuela will decrease.
Therefore, All elements naturally attempt to change into iron because it is the universe's most stable element.
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Why would domino’s and little caesar segment the market for pizza?.
Answers
Answer:
Because customers' requirements aren't always the same, To be able to focus on a certain portion.
Explanation:
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A price-taking firm is one of a ______ number of firms producing a product that is identical to that of every other firm in the industry and providing ______ of total market supply.
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It should be noted that price-taking firm is one of a large number of firms producing a product that is identical , though providing only fraction of total market supply.
What is a price-taker firm?
A price-taker can be regarded as individual or firm that doesn't have control over the prices of goods or services sold.
This is because, they usually have small transaction sizes as well as trade at whatever prices.
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on march 1, young co. borrowed $1,000 by extending their past-due account payable with a 120-day, 6% interest-bearing note. on june 29, the due date, young pays the amount due in full. this entry would be recorded by young with a credit to in the amount of . multiple choice question. notes payable; $1,020 cash; $1,000 notes payable; $1,060 cash; $1,020 cash; $1,060 notes payable $1,000
Answers
The entry recorded by Young Co. on June 29 when they paid the amount due in full would be a credit to Notes Payable account in the amount of $1,020.
This is because the original loan amount was $1,000 and it accrued interest at a rate of 6% for 120 days, which adds up to $20. Therefore, the total amount due on the note is $1,020. Young Co. would credit the Notes Payable account to reduce the liability on their balance sheet and debit the Cash account to reflect the payment made.
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Which is an example of an accounting function for a business?
1.) Designing print advertisements
2.) Preparing a balance sheet
3.) Hiring employees
4.) Testing computer software
Answers
what is the difference between internal and external growth? Please explain?
Answers
Complete the following:
If a company makes $5 off of each unit it sells and has a target operating income of $5,000, then it must sell units. Similarly, if a company has a target operating income of $175,000 and knows that total expenses for the period will be $25,000, how much revenue must it earn to reach its target operating income? $
Units sold or revenue earned above and beyond the break-even point contributes to the margin of safety for a company. Margin of safety is a crude measure of risk, in that it serves as the padding between profit and the break-even point
Answers
For the second scenario, where the total expenses are known, we need to determine the total variable costs to calculate the contribution margin, which will allow us to determine the revenue required to reach the target operating income.
Once the break-even point is determined, the margin of safety can be calculated by subtracting the break-even point from the actual level of sales or revenue. The margin of safety represents the cushion that a business has before it reaches the break-even point and serves as a measure of the company's risk.
The break-even point is a critical concept in business and finance, representing the level of sales or revenue at which a company's total costs are equal to its total revenue.
At this point, the company is not making a profit nor incurring a loss. To calculate the break-even point, the total fixed costs of a business are divided by the contribution margin per unit. The contribution margin is the difference between the sales price per unit and the variable cost per unit.
In the given scenario, we are provided with the target operating income and the unit contribution. Using the formula for break-even point, we can determine the number of units that must be sold to achieve the target operating income.
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would anyone be willing to give away tickets for a concert please?
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1.In the scenario where the Central Bank creates policies which increase the money supply but the aggregate demand is unchanged, is created by following what type of monetary policy?
An expansionary policy.
A contractionary policy.
A balanced policy.
2.Quantitative easing undertaken after 2008 is different from traditional central bank intervention in that it focused on
purchasing long-term government securities to encourage long-term capital projects and ease mortgage conditions.
purchasing "toxic assets" and restoring credit to the private sector.
raising private bank’s revenues and therefore encouraging investment.
Answers
An expansionary policy. In this scenario, the Central Bank is increasing the money supply, which is a characteristic of expansionary monetary policy.
The purpose of expansionary policy is to stimulate economic growth by encouraging spending and investment through lower interest rates and increased liquidity in the economy. However, if the aggregate demand remains unchanged, it suggests that the increased money supply is not translating into increased spending or investment by consumers and businesses. Quantitative easing undertaken after 2008 focused on purchasing "toxic assets" and restoring credit to the private sector.
Unlike traditional central bank intervention, which primarily involves adjusting interest rates, quantitative easing (QE) implemented after the 2008 financial crisis involved the central bank purchasing "toxic assets" from financial institutions. These assets included mortgage-backed securities and other troubled assets. The goal was to provide liquidity to financial institutions, restore confidence in the banking system, and ease credit conditions for businesses and consumers. By purchasing these assets, the central bank aimed to stimulate lending, stabilize financial markets, and encourage economic recovery.
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In business, a group of people who work together in an attempt to achieve some specific purpose is known as a(n) _____. Multiple choice question
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A team is a collection of individuals working towards a common goal or set of goals. In order to fulfil a shared mission or particular goal, a team is made up of individuals who work together on a variety of interdependent duties.
Some teams only last for a certain amount of time, such as design teams working on brand-new products or teams dedicated to continual process improvement. Others are ongoing, like a department team that frequently meets to discuss objectives, activities, and performance. Careful alignment is necessary in a large-team organisation. Although the structure will become more complicated as teams and people interact with other teams, the fundamentals of building understanding and trust will still be applicable. Knowing how various organisational units and processes are interconnected.
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NEED ASAP
What are the steps for properly carrying an item
Answers
Answer:
Do not twist or turn the body; instead, move your feet to turn. Your hips, shoulders, toes, and knees should stay facing the same direction. Keep the load as close to your body as possible with your elbows close to your sides. If you feel fatigued, set the load down and rest for a few minutes.
Explanation:
Someone is looking to buy a franchise needs to consider the brands failure rate
Answers
Hey, this app was made for doing homeworks, I am going to report and block your account because you are not following the rules!
What expertise and characteristics should directors have or possess in companies like Spar and Shoprite? Explain THREE each
Answers
Expertise and characteristics that directors in companies like Spar and Shoprite should possess include knowledge of retail industry trends, financial acumen, and strong leadership skills.
What expertise and characteristics should directors have or possess?Directors in companies like Spar and Shoprite play a crucial role in guiding the strategic direction of the organization, ensuring that it remains competitive and profitable in a constantly evolving retail landscape.
To do this effectively, they must possess a deep understanding of the industry, including emerging trends in consumer behavior, technology, and logistics. They must also have strong financial acumen, as they are responsible for overseeing the company's financial performance and making decisions that will drive growth and profitability.
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Why is construction financial management different than other industries?
-Retention may be withheld, causing unusual cash flows
-It is project oriented, rather than process oriented
-Work is typically done in house, with little reliance on subcontractors
-Progress payments are made, often on long-term contracts
-Work is done at a number of decentralized locations
*select all that apply*
Answers
Construction financial management is different from other industries because it is project-oriented rather than process-oriented. Work is typically done in-house, with little reliance on subcontractors. Progress payments are made, often on long-term contracts. Retention may be withheld, causing unusual cash flows.
Work is done at a number of decentralized locations. The construction financial management is different from other industries because of the following terms: Retention may be withheld, causing unusual cash flows It is project oriented, rather than process oriented Progress payments are made, often on long-term contracts.
Work is typically done in-house, with little reliance on subcontractors. Progress payments are made, often on long-term contracts. Retention may be withheld, causing unusual cash flows. Work is done at a number of decentralized locations.
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PLEASE HELP!! NO ONES HELPED YET T^T WILL MARK BRAINLIEST!!!!!!!!!!!!
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Answer:One of the main reasons why people are motivated to do a job well is the sense of achievement they get from it. Achievement is the feeling of pride that comes from knowing you have done your job well.
A second type of motivation that is common in the workplace is that of power. Some people get a lot of pleasure out of having power and authority. This is not necessarily a bad thing, as sometimes these people are particularly good at directing others and can make good managers.
Both types of motivation are common, and they can be very important in the workplace. However, the sense of achievement can be created by the person individually, and requires little group work. On the other hand, the motivation of power depends on the type of interaction the person has with others.
Explanation:self motivation requires a personal drive where as group motivation has other people tell you when your doing good or they can help you when it isnt going right.
please help me with my question from my profile.
if a person attempts to make a phone call while they are waiting for a meeting to begin, they are________
a. combining tasks
b. multitasking
c. sequential tasking
d. cleaving tasks
Answers
fiat money is generally issued by group of answer choices major multinational corporations. private banks. central banks. brokerage firms.
Answers
Fiat money is generally issued by central banks. These institutions are responsible for managing a country's monetary policy and regulating its money supply.
Central banks, such as the Federal Reserve in the United States or the European Central Bank in the Eurozone, issue fiat money as a form of legal tender, which means it is recognized and accepted for all debts, public and private.
Unlike commodity-backed money, fiat money has no intrinsic value and derives its worth from the trust placed in the issuing authority.
Central banks play a crucial role in ensuring the stability and functionality of the financial system by controlling the money supply, setting interest rates, and overseeing the overall economic health of a nation.
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In the organizational structure, it is responsible for managing of income and expenses of a company.
Answers
Financial Controller is responsible for managing of income and expenses of a company.
Who is Financial Controller?Vital controllers additionally influence direction, anticipating, and planning at the organization level, in view of bookkeeping information.
The FC is a senior forerunner in the money group. Consequently, it's generally expected that employment forms show huge involvement with bookkeeping and assessment issues, in addition to the capacity to direct others and take responsibility for organization's books.
This requires more than just a gift for numbers. Controllers should be coordinated self-administrators, with the abilities to urge the more extensive organization to follow strategies and techniques.
Therefore it is the Financial controller who basically helps in managing the overall income.
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Loss of business, increased liability, decreased productivity, and higher costs are all likely consequences of: Multiple Choice labor unions. globalization. poor quality. robotics. micro-factories.
Answers
Loss of business, increased liability, decreased productivity, and higher costs are all likely consequences of poor quality. Poor quality is a problem that affects businesses and consumers alike. When a company produces low-quality goods or services, it can lead to several negative outcomes.
These consequences can include loss of business, increased liability, decreased productivity, and higher costs. In this response, we will discuss each of these consequences in more detail.
Loss of business: Poor quality products and services can lead to a loss of business. Customers will likely become dissatisfied with a company that provides them with inferior products or services. They may choose to take their business elsewhere, which can result in a loss of revenue for the company.
Increased liability: Poor quality can also increase liability for a business. If a product is defective and causes harm to a consumer, the business may be held liable for any damages. This can result in legal action against the company and potentially high costs in terms of settlements or damages.
Decreased productivity: Poor quality can also lead to decreased productivity. If a company is producing low-quality products, it may require additional time and resources to fix or replace them. This can result in delays in production and a decrease in overall productivity.
Higher costs: Finally, poor quality can lead to higher costs for a business. If a company needs to fix or replace defective products, it will require additional resources and expenses. This can lead to higher costs and potentially lower profits.
In conclusion, loss of business, increased liability, decreased productivity, and higher costs are all likely consequences of poor quality. It is important for businesses to ensure that they are producing high-quality products and services to avoid these negative outcomes.
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A continuous process indicates production of discrete parts moving from workstation to workstation at a controlled rate. True or false?.
Answers
A continuous process does not indicate the production of discrete parts moving from one workstation to another workstation at a controlled rate. So, the statement is False.
The mentioned situation can cause confusion between a Continuous process and an Assembly line process. A continuous process indicates that the production process is controlled by the administrator. It is similar to the assembly line production that follows a predetermined sequence of steps, but the flow is continuous such as with liquids, rather than discrete.
One difference between a production line flow and an assembly line flow is that in the mechanical system the flow is rather discrete rather than liquid which makes them different from each other. The only similarity between both the assembly line process and production line flow is that they follow a predetermined pattern of steps.
Thus, the statement is False.
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Which type of survey provides the greatest flexibility for asking probing?
Answers
Online survey are one of the best surveying methods. They are easy to adapt for a particular target and can be used by anyone for almost anything.
Likert scales, which were created by American social scientist Rensis Likert and are named after him, are among the most reliable tools for evaluating opinions, perceptions, and behavior's.
EDMs provide surveyors with much more accuracy than metal measurement tapes. Numerous surveys, including detail surveys and a control survey, use this technology. Surveyors measure the horizontal separation between two control points using an EDM device. When the device is in use, the energy is received by a different surveyor who is holding a reflector.
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Malaki ran 9,656 meters on Monday and 4,687 meters on Tuesday. How many more meters did she run on Monday than on Tuesday?
Answers
Answer: 4969 meters
Explanation: Here's what you do: 9,656 - 4,687 = 4969
Answer: 4969 meters
Explanation:
Nathan is analyzing the demand for baseball bats that illuminate when they hit something. The managing director of his company has asked him
to understand the type of need that exists for such a product. What are the two types of needs that Nathan should consider?
Nathan should consider the
B and
needs that would exist for a self-illuminating baseball bat.
Reset
Next
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Answer:
Isuzu trooper the intended addressee please notify the best of
How do objectives make it more likely that you will reach your goals?
A. Objectives are based on others' experiences.
B. Objectives help guide your career choices.
C. Objectives provide a step-by-step path to success.
D. Objectives are the best way to assess your interests.
Answers
Answer:
C seems the most reasonable
Objectives provide a step-by-step path to success: make it more likely that you will reach your goals. Thus, option C is the correct option.
How to achieve your objectives?You may achieve your goals by setting realistic goals for yourself to strive toward. The way objectives do this is by outlining specific actions you can take immediately to move closer to your long-term goals. An aim is a specific activity that must be taken in order to accomplish a goal, whereas a goal is a more general, longer-term, achievable conclusion.
Despite being distinct, the two terms are frequently used together when working on a project. This is due to the fact that both are necessary for project planning and execution. It enables you to put your grant's ideas into practice. Setting SMART goals ensures that the project advances, facilitates accountability and scheduling, and informs you of accomplishing what you set out to accomplish.
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