The statement " market expansion approaches do include opening more stores in the target market and/or keeping existing stores open for longer hours." True. This is because increasing the number of stores or extending operating hours can help a company reach more customers and increase sales.
By opening new stores, a company can increase its physical presence in a market, making its products or services more accessible to potential customers. Additionally, by keeping existing stores open for longer hours, a company can cater to customers who may not be able to shop during traditional business hours. This can be particularly effective for businesses in industries such as retail, where consumers often prefer to shop outside of their regular work hours. However, it is important to note that these approaches may not be suitable for all businesses, as they can require significant investments in terms of time and resources. Companies should carefully evaluate the potential benefits and costs of market expansion approaches before implementing them.
For more such questions on sales
https://brainly.com/question/25743891
#SPJ11
The amount of time needed for the cash flows from an investment to pay for its initial cost is the _____ period.
The payback period is the length of time required for the cash returns from an investment to offset its initial cost.
By payback period, what do you mean?The length of time needed to repay the initial monetary investment is known as the payback period. In other terms, it is the length of time that passes after a machine, facility, or other investment generates enough net income to pay its costs.
What is the time frame for an investment to produce enough cash flows to recoup its initial investment?The time it takes to recover the money invested is used to calculate the payback period, which ignores the time value of money. For instance, the payback period is five years if it takes five years to recoup the cost of an investment.
To Know more about initial cost.
https://brainly.com/question/19865185
#SPJ4
what prevents a perfectly competitive firm from seeking higher profits by increasing the price that it charges?
A perfectly competitive firm cannot seek higher profits by increasing the price it charges because of the presence of other firms in the market. In a perfectly competitive market, there are many firms in the market and customers can easily switch to another firm if one firm tries to raise its price.
This would lead to reduced demand for the firm's product and lower profits. In addition, other firms would likely respond to a price increase by lowering their own prices, further reducing demand for the firm's product, and further reducing profits. Therefore, in a perfectly competitive market, it is not possible for a firm to seek higher profits by increasing the price it charges.
To know more about perfectly competitive firm click here
https://brainly.com/question/30330275
#SPJ4
Consider the following cash flows: Year Cash Flow 0 $-28,600 1 15,100 2 13,800 3 10,200
Requirement 1:
What is the profitability index for the above set of cash flows if the relevant discount rate is 11 percent? (Do not round intermediate calculations. Round your answer to 3 decimal places (e.g., 32.161).)
Profitability index
The profitability index for a given cash flow is approximately 0.908 with an associated discount rate of 11%.
To calculate the Profitability Index, we need to divide the present value of the cash flows by the initial investment. The present value of each cash flow is calculated discounted using the appropriate discount rate. The formula for calculating the present value of cash flows is:
PV = CF / (1 + r)ⁿ
where:
PV = present value
CF = cash flow
r = discount rate
n = period
Let's calculate the present value of each cash flow and then calculate the Profitability Index.
Year |Cash Flow |Discount Rate |Present Value
0 | -$28,600 | 11% | -$28,600
1 | $15,100 | 11% | $13,558.56
2 | $13,800 | 11% | $11,998.29
3 | $10,200 | 11% | $8,970.24
To calculate the Profitability Index, sum the present value of the cash flows (excluding the initial investment) and divide by the initial investment.
Profitability index = (total present value of cash flow) / initial investment
Profitability Index = (13,558.56 + 11,998.29 + 8,970.24) / 28,600
Profitability index ≈ 0.908
To know more about profitability index visit :
https://brainly.com/question/30641835
#SPJ4
Problem analysis identifies which of the following? A. The potential target of a risk
B. The effect of a risk
C. Whether the risk is internal or external
D. How to avoid a risk
How to avoid a risk identifies a problem analysis. The correct option is D. Understanding real-world issues and user needs, then putting forward solutions to address those needs, is the process of problem analysis.
What is a problem analysis?Understanding real-world issues and user needs, then putting forward solutions to address those needs, is the process of problem analysis. Prior to developing a solution, problem analysis aims to gain a deeper understanding of the issue at hand.
In order to analyze a problem, it is necessary to first identify the main issue and then determine its causes and effects. This analysis' main goal is to find the "root causes," not just the symptoms of the issue so that they can be addressed in the project design.
Learn more about problem analysis here:
https://brainly.com/question/15400006
#SPJ1
You need a new computer, and you will need a loan in order to buy one. Which lender is most likely to charge you the highest interest rate on your loan?
A. finance company
B. savings and loan association
C. credit union
D. savings bank
Savings and loan association is the lender is most likely to charge you the highest interest rate on your loan. Hence, option B is correct.
What is the main purpose of a savings and loan association?Building Societies or Savings and Loan Associations perform the same fundamental duties by gathering funds from the general public and using those savings to fund mortgage loans for residential real estate.
The S&L crisis may have caused the banking sector to collapse with the greatest degree since the Great Depression. By 1989, more than 1,000 S&Ls had failed nationwide, thus destroying one of the most reliable sources of house mortgages.
In that they provide many of the same services, including banking and mortgage financing, savings and loan associations function similarly to banks and credit unions. Savings and loan organizations, however, prioritize savings and mortgages more.
Thus, option B is correct.
For more information about purpose of a savings and loan association, click here:
https://brainly.com/question/1178580
#SPJ6
boi, why am i alive.-
Answer: so you can grow older
Explanation:
Raymond’s grandfather recently passed away. He left Raymond $1,000,000 in his will. Raymond’s lawyer tells him not to spend all $1,000,000 because he will owe some of it to the government. Why is this MOST likely true?
A. Raymond will have to pay inheritance tax.
B. Raymond will have to pay real estate property tax.
C. Raymond will have to pay excise tax.
D. Raymond will have to pay estate tax.
Answer:
Raymond will have to pay inheritance tax.
Explanation:
When you receive money or property from a decedent's estate, you are required to pay an inheritance tax, which is a type of state tax. In contrast to the federal estate tax, the property's beneficiary is in charge of paying the tax, not the estate. Only six states have inheritance taxes as of 2022.
Explain about the inheritance tax?For federal tax reasons, whether you inherit money, investments, or property, inheritances are not regarded as income. However, unless they come from a tax-free source, any further earnings on the inherited assets are subject to taxation.
There is no federal inheritance tax, which is a charge on the total amount of assets a person inherits from a decedent. For 2021 and 2022, however, estates worth more than $11.7 million and $12.06 million, respectively, are subject to a federal estate tax. Only the portion of an estate that exceeds such sums is subject to tax.
If you leave a home, vacate, and live in another place for seven years, there is typically no IHT to pay.
The answer is Raymond will have to pay inheritance tax
To learn more about inheritance tax refer to:
https://brainly.com/question/27015438
#SPJ2
a) Miranda needs to build new shelves in her pantry to store all these items. She wants to put each type of item on a separate shelf. The shelves will be able to support 25 lbs. Will the new shelves be able to support her current supply of powder goods? Use the conversion table below and a spreadsheet to help you determine the answer. (2 points)
Answer: yes
Explanation:
Converting each to pounds it equals 13.3 pounds
Miranda needs to build new shelves in her pantry to store all these items. Yes, the new shelves be able to support her current supply of powder goods.
What do you understand by the supply of goods?The following are included in a supply of goods: the agreement-based transfer of property rights over things. the commission-based sale of moving items by an agent or auctioneer.
They must be carrying out an action in their own name under another person's orders. delivery of items under a hire-purchase agreement.
Demand and supply have a strong relationship that influences market equilibrium, which determines the amount of items available on the market and their selling prices.
Here,
Converting each to pounds it equals to 13.3
pounds
Standard 1 pound (lb) = 16 ounces (oz)
Metric 1 kilogram (kg) = 1000 grams (g)
Metric to standard 1 kilogram = 2.20 pounds
Standard to metric 1 pound = 0.45 kilograms
Therefore, Miranda needs to build new shelves in her pantry to store all these items. Yes, the new shelves be able to support her current supply of powder goods.
To know more about the supply of goods, visit:
https://brainly.com/question/11264522
#SPJ2
Complete question is attached with the image.
When the business cycle or economic activity is declining, the economy is said to be in....?
A
the trough
B
contraction
C
expansion
D
recovery
contraction is to decline the answer is B
A complex structure of offices, tasks, and rules organized within a hierarchy of authority is known as a(n) ______.
An organization is said to have achieved strategic alignment when the priorities and activities of the is function and the strategic direction of the firm are aligned:
An organization is said to have achieved strategic alignment when the priorities and activities of the IT function and the strategic direction of the firm are aligned Strategic alignment is a condition in which a company's IT priorities are the consistent with the strategic goals of the business.
The objective of strategic alignment is to link IT resources and investments with business strategy to achieve the most value. Strategic alignment is critical since it may lead to IT efforts that are not supporting the company's goals .A business that has achieved strategic alignment will have IT initiatives that support business strategy. The IT function and the company's business strategy are unified in this approach. When a business has achieved strategic alignment, the IT strategy should support the overall business strategy, with IT projects and initiatives designed to meet business objectives.
To achieve strategic alignment, there are various techniques that an organization can use. These include IT portfolio management, enterprise architecture, and IT governance. IT portfolio management is a technique for aligning IT investments with strategic objectives. It involves examining the value and risk of IT initiatives and aligning them with business goals. Strategic alignment is a condition in which a company's IT priorities and activities are consistent with the strategic goals of the business. The objective of strategic alignment is to link IT resources and investments with business strategy to achieve the most value. When a business has achieved strategic alignment, the IT strategy should support the overall business strategy, with IT projects and initiatives designed to meet business objectives. IT portfolio management is a technique for aligning IT investments with strategic objectives.
To know more about organization Visit;
https://brainly.com/question/4949617
#SPJ11
A carton of eggs broke onto the floor in the dairy section, making the floor slippery. Little Johnny slipped, fell, and hit his head on the floor, causing a cut and mild concussion. The grocery store incurs___________liability for his injuries.
a) premises.
b) operational.
c) professional.
d) product.
Answer:
premises
Explanation:
The grocery store incurs premises liability for his injuries. This form of liability is a legal concept that has to do with personal injuries that have been caused by some form of unsafe or defective conditions on someone's property, usually due to negligence. This is exactly what happened in this scenario since it was negligent of the store to not have cleaned up the mess made by the broken eggs which ultimately caused Johnny to fall.
From the information given, the grocery store incurs premises liability for his injuries.
Premises liabilityIt should be noted that premise liability comes into play in personal injury cases when an injury is caused by some type of unsafe condition on someone's property.
Since the carton of eggs broke onto the floor in the dairy section, making the floor slippery, the grocery store incurs premises liability for his injuries.
Learn more about liability on:
https://brainly.com/question/25687338
When was the International Association of Exhibitions and Events founded?
Answer:
1928
Explanation:
hope this help:)) 100% correct
Answer: 1928
Explanation:
true or false: the imf no longer has the financial leverage to act aggressively in times of global financial crisis. true false question. true
True. In times of a global financial crisis, the IMF no longer has the financial clout to take decisive action.
IMF: What is it?The International Monetary Fund's (IMF) 190 member countries work to promote sustainable growth and prosperity. It does this by supporting economic policies that promote monetary cooperation and financial stability in order to increase productivity, job creation, and economic well-being.
Advancement of international monetary cooperation, promotion of trade and economic growth, and deterrence of unfavorable policies are the three key duties of the IMF. To accomplish these missions, member countries of the IMF work together as well as with other international organizations.
Learn more about the IMF with the help of the given link:
brainly.com/question/12145507
#SPJ4
How do perception, learning and attitudes affect consumer decision making and how marketer influence these processes
Perception means how a person is thinking, learning refers to acquiring new knowledge and attitudes means feeling towers the product or service. Consumer decision-making is significantly influenced by perception, learning, and attitudes.
Perception, learning, and attitudes are all important factors that affect consumer decision making. Perception influences how a consumer interprets and evaluates stimuli in the marketplace. Learning affects how a consumer learns from past experiences and develops buying habits. Attitudes influence a consumer's predisposition towards a product or service. Marketers can influence these processes by designing their campaigns to appeal to the target audience's senses, past experiences, and biases.
For such more question on Perception:
https://brainly.com/question/30580004
#SPJ11
based on levins (1970) model (taught in class), building corridors among isolated habitat patches would?a. Decrease per patch extinction rate (e) resulting in increase in equilibrium Pb. Decrease per patch migration rate (m) resulting in increase in equilibrium Pc. Increase per patch extinction rate (e) resulting in increase in equilibrium Pd. Increase per patch migration rate (m) resulting in increase in equilibrium Pe. Increase per patch migration rate (m) resulting in decrease in equilibrium P
Based on Levin's (1970) model, building corridors among isolated habitat patches would decrease per patch extinction rate (e) resulting in an increase in equilibrium P (population).
Levin's model proposes that the probability of a patch being occupied (P) depends on two factors: the per patch extinction rate (e) and the per patch colonization rate (c). Building corridors among isolated habitat patches would increase the per patch colonization rate (c) by facilitating movement of individuals between patches, while decreasing the per patch extinction rate (e) by increasing the availability of resources and reducing isolation. This would ultimately result in an increase in the equilibrium P, which is the probability that a patch is occupied in the long run.
Learn more about Levin's model here:
https://brainly.com/question/28822320
#SPJ11
1. Suppose we have obtained the following regression results: ý = 12 - 6x +0.5(Male x x) + 3Male - 2Rural + 1(Rural x Male) where Male is a dummy variable that takes one for males and zero for females and similarly Rural takes one if individual lives in a rural area and zero if urban. (a) What is the equation for a female that lives in a rural area? (b) What is the equation for a male that lives in an urban area? (c) What coefficient estimates would we get if we estimated the following model instead: y = Bo+3₁x+3₂(Femalexx)+B3Female+34Urban+35(Urbanx Female) + u where Female takes a value one for females and zero for males and Urban takes a value one if individual lives in an urban area and zero if rural? (d) Using the model in part a) explain how you would test the hypothe- sis that there is no differences across gender (while still allowing for differences across regions) in the relationship between y and x in the two areas, that is, explain how to do a Chow Test. Describe all the steps in performing this test, the hypothesis being tested, the models, the regressions you need to do, the test statistic used and how to get the corresponding critical value.
ý = 12 - 2Rural. ý = 12 + 0.5 + 3. Coefficient estimates would remain the same as in the original model. Perform separate regressions for rural and urban areas, calculate SSR, and use Chow Test statistic for hypothesis testing.
To test the hypothesis of no differences across gender in the relationship between y and x in the two areas, we would perform separate regressions for rural and urban areas. Then, calculate the sum of squared residuals (SSR) for each regression. The Chow Test statistic, which compares the SSR from the separate regressions to the SSR from the combined regression, can be used to test the hypothesis. The critical value for the test can be obtained from the F-distribution table. If we estimate the model y = Bo + 3₁x + 3₂(Femalexx) + B3Female + 34Urban + 35(Urbanx Female) + u, the coefficient estimates would remain the same as in the original model, as the coefficients represent the same relationships between the variables.
Learn more about coefficient estimates here:
https://brainly.com/question/28179755
#SPJ11
Which action by the government would be used in expansionary monetary policy?
a. decreasing the reserve requirement
b. raising the federal funds rate target
c. selling more bonds to the general public
d. increasing the discount rate
The most important equipment that central banks use to expand monetary coverage encompass lowering the bargain rate, growing the buy of government securities, and reducing the reserve requirement.
What happens if the government of a u . s . a . uses expansionary financial policy?a. reducing the reserve requirement b. elevating the federal funds rate target c. selling more bonds to the conventional public d. increasing the cut price rate
Expansionary economic policy is when a central bank makes use of its equipment to stimulate the economy. That will increase the cash supply, lowers activity rates, and will increase demand. It boosts financial growth. It lowers the price of the currency, thereby decreasing the alternate rate.
What is the policy action in an expansionary economic policy to promote financial growth?Expansionary economic coverage goals to spur monetary growth via expanded liquidity. Increased money provide promotes monetary growth. It takes place because companies and people seem to be to capitalize upon the without difficulty accessible dollars by means of task increased investments, expanding operations, and growing consumption.
Learn more about expansionary here;
https://brainly.com/question/30097286
#SPJ1
Manufacturers can show that a device to be marketed is substantially equivalent to a marketed product that was on the market prior to 28 may 1976, by submitting a?
Manufacturers can show that a device to be marketed is substantially equivalent to a marketed product that was on the market prior to 28 may 1976, by submitting a Premarket Notification.
Device manufacturers who are required to register are required by Section 510(k) of the Food, Drug and Cosmetic Act to give FDA at least 90 days' notice of their intention to commercialize a medical device.
Premarket Notification, often known as PMN or 510, is what this is (k). This enables FDA to decide whether the device is comparable to a device that has already been classified into one of the three categories.
Thus, "new" devices that weren't classified and weren't in commercial distribution before May 28, 1976, can be appropriately identified.
Manufacturers of medical devices must file a premarket notification, specifically, if they plan to release a new device into commercial distribution or rerelease an older product with significant changes.
To learn more about Manufacture here
https://brainly.com/question/25778869
#SPJ1
T/F : your message will be more persuasive if you put the main idea in the middle of a proposal.
The statement " your message will be more persuasive if you put the main idea in the middle of a proposal" is false because your message is more persuasive if you put the main idea at the beginning of a proposal.
This is known as the primacy effect, which states that people tend to remember the first information they receive better than information received later.
By putting the main idea at the beginning, you grab the reader's attention and make a strong impression, increasing the chances of them being receptive to your proposal.
Starting with the main idea is especially important in business communication, where people are often short on time and inundated with information.
They may not read your entire proposal, but if you start with the most important information, they will at least get the gist of your message. Additionally, if your proposal is being presented in a meeting, starting with the main idea allows you to make your point quickly and efficiently, leaving more time for discussion and questions.
However, it is important to provide supporting details and evidence to back up your main idea in the body of your proposal. This will help to build credibility and strengthen your argument. But remember, the main idea should be presented first to ensure that it receives the attention it deserves.
To know more about message refer here:
https://brainly.com/question/28508271#
#SPJ11
If the quantity of financial capital supplied is equal to the quantity of financial capital demanded then, the national savings and investment identity is written as (M - X) - S
Answer:
False
Explanation:
If the quantity of financial capital supplied is equal to the quantity of financial capital demanded then, the national savings and investment identity is written as S + (M - X) = I + (G - T)
Where S = Private sector saving.
I= Private sector investment.
G= Government spending.
T=Government income, i.e. tax.
X =Exports.
M=Imports.
Which depreciation method generally results in the lowest net income for the first year a plant asset is utilized?.
The double declining-balance is a depreciation method generally results in the lowest net income for the first year a plant asset is utilized.
What is double declining balance (DDB) method all about?The double declining balance method can e explained as type of declining balance method that uses double the normal depreciation rate.
Some of the Depreciation rates used are;
150%, 200% (double) 250% of the straight-line rate.Learn more about double declining balance (DDB) method at:
https://brainly.com/question/15418098
The ending inventory of finished goods has a total cost of $10,000 and consists of 500 units. If the overhead applied to these goods is $2,000, and the overhead rate is 50% of direct labor, how much direct materials cost was incurred in producing these units?.
Direct Materials cost of $4,000 was incurred in producing these 500 units.
Direct Material + Direct Labour + Overhead =Total Cost
Direct Material + ($2,000/0.50) + $2,000=$10,000
Direct Material cost =$4,000
The price of the raw materials and parts needed to make a product is known as the direct material cost. With the finished product, the materials must be clearly visible (otherwise they are considered to be joint costs). Since the direct material cost is one of the few variables in the manufacturing process, it is taken into account while determining throughput from the production processes. Sales minus all completely variable costs equals throughput.
Learn more about Direct Material cost, here
https://brainly.com/question/15012260
#SPJ4
A __________ classification system determines thresholds for diagnoses, while a _________ classification system determines the degree of an entity that is present.
A **diagnostic** classification system determines thresholds for diagnoses, while a **severity** classification system determines the degree of an entity that is present.
In the context of healthcare or psychology, a diagnostic classification system establishes criteria and thresholds that must be met for a particular diagnosis to be assigned to an individual. These systems, such as the Diagnostic and Statistical Manual of Mental Disorders (DSM) in psychology or the International Classification of Diseases (ICD) in medicine, provide guidelines and criteria to classify and diagnose specific conditions or disorders.
On the other hand, a severity classification system is used to assess and determine the degree or level of severity of a particular condition or entity. It is often used to quantify the intensity, extent, or progression of a disease, disorder, or phenomenon. Severity classification systems can be used in various fields, including medicine, psychology, engineering, and environmental sciences, to categorize and measure the severity or magnitude of an entity.
Both diagnostic and severity classification systems play important roles in providing standardized frameworks for understanding and assessing conditions or entities. The diagnostic system establishes criteria for identifying and categorizing conditions, while the severity system quantifies and evaluates the degree or extent of those conditions.
Learn more about classification system here:
https://brainly.com/question/645379
#SPJ11
Businesses get paid for the value it delivers through its business model. True or False?
True. Businesses get paid for the value they deliver through their business model.
The business model is the blueprint that outlines how a company creates, delivers, and captures value. It defines how a business generates revenue by providing products or services that fulfill customer needs and solve their problems. When a business effectively delivers value to its customers, it can charge a price that reflects that value. This allows the business to generate revenue and sustain its operations.
In conclusion, businesses do get paid for the value they deliver through their business model.
To know more about blueprint visit:
https://brainly.com/question/28187253
#SPJ11
What does the video recommend if you notice a lot of fees appearing on
your statement?
When money is deposited into your account, a credit is recorded on your bank statement. A debit is recorded when money is withdrawn out of a bank account.
To be sure that all of the debits and credits on bank statement are legitimate and there are no unlawful transactions or errors, carefully review each debit and credit. This enables you to recognize any concerns with your money and communicate them to your bank as soon as possible.
According to the video, you should check to see if any fees on your statement seem weird or unlawful if you find a lot of them. You can check the fees and charges listed on your statement to make sure they are all accurate and pertinent to how your account is being used. You should ask your bank for more information if you have any doubts or queries about the fees.
Learn more about “ Bank Statement ” visit here;
https://brainly.com/question/24007779
#SPJ4
complete Question -
ASIC's Money Smart Top Tips on Checking Your Bank Statement Each month your bank will provide a hard copy or electronic version of your bank statement , which should list all of the transactions you’ve had since the last statement date. Watch this video for tips on how to read the statement .
Then, answer the questions
1- Complete the following sentence with either "debit" or "credit": When money is put into your account, it is listed on your statement as a credit When money is taken out of your account, it is listed as debit
2- Why should you look closely at all debits and credits?
3- What does the video recommend if you notice a lot of fees appearing on your statement ? Make sure none are unusual.
.All but which one of the following is an example of noninterest income or noninterest expense?
Multiple Choice
Salaries and benefits paid to employees
Income from trust services
Earnings on securities held for investment
Income from service charges on deposits
Gains and losses from trading account assets
Earnings on securities held for investment is not an example of noninterest income or noninterest expense.
Noninterest income and noninterest expenses are financial terms referring to income and expenses that are not directly related to the core business of lending and borrowing.
In the given choices, salaries and benefits paid to employees, income from trust services, income from service charges on deposits, and gains and losses from trading account assets are all examples of noninterest income or noninterest expense, as they are not directly related to lending and borrowing.
However, earnings on securities held for investment are considered interest income since they are derived from investments made by the financial institution, which is directly related to its core business.
To know more about financial institution click on below link:
https://brainly.com/question/16026225#
#SPJ11
Competition and prices act as regulators of production in HELP ASAP
a command economy
a democratic economy
a market economy
a traditional economy
Answer:
A market economy
Explanation:
A market economy is better, since you will have a lot of food to sell, naybe you go higher when its poular around the areas
The use of ABC information to support an organization's strategy, improve operations or manage costs is called
The use of ABC information to support an organization's strategy, improve operations or manage costs is called Activity-based management ABM.
ABM is a management approach that concentrates on activities as the primary driver of an organization's expenses and considers the continuous improvement of these activities to be the most effective way to increase profitability. Activity-based management (ABM) employs the output of activity-based costing (ABC) to identify opportunities to improve productivity, decrease waste, and reduce cost.The objective of ABM is to improve the bottom line by enabling businesses to identify, quantify, and evaluate the relative benefits of all activities performed to produce, sell, and deliver their goods and services. ABM is the process of using cost data to recognize and analyze the relationships between the cost of business activities and the goods and services produced by those activities. Activity-based management (ABM) is a management methodology that focuses on activities as the primary driver of an organization's expenses and views the continuous improvement of these activities as the most effective way to enhance profitability. It identifies opportunities to increase productivity, minimize waste, and reduce expenses by using the output of activity-based costing (ABC).
ABM aims to enhance the bottom line by enabling businesses to recognize, quantify, and assess the relative benefits of all activities performed to produce, sell, and deliver their products and services. ABM uses cost data to analyze and understand the connections between the cost of business activities and the products and services that those activities produce.Activity-based management (ABM) has the following benefits:It identifies and monitors cost drivers: ABM assists in the identification and tracking of cost drivers. Cost drivers are the activities that drive up costs. They may be controlled or eliminated to reduce expenses.It establishes the costs of goods and services: ABM aids in the accurate determination of the costs of goods and services. It breaks down the costs of the activities involved in the production of products and services and allocates them to the products and services produced.It aids in the identification of non-value-added activities: ABM assists in the identification of non-value-added activities and the development of strategies to eliminate them. This aids in the identification of opportunities for cost reduction and process improvement.
To know more about ABM visit:
https://brainly.com/question/29352999
#SPJ11
a first-line manager for a large electric generator manufacturer would:
A first-line manager for a large electric generator manufacturer would have several key responsibilities.
Firstly, they would oversee a team of employees and ensure that they are performing their tasks efficiently and effectively. This includes providing guidance, support, and feedback to the team members, as well as addressing any performance issues that may arise.
Secondly, the manager would be responsible for coordinating and organizing the production process. They would collaborate with other departments, such as engineering and procurement, to ensure a smooth workflow and timely delivery of electric generators. This involves setting production targets, monitoring progress, and making adjustments as needed.
Thirdly, the manager would be involved in quality control and assurance. They would implement and enforce quality standards and procedures, conduct inspections, and address any product defects or customer complaints.
Additionally, the manager would be responsible for managing resources, such as manpower, equipment, and materials, to optimize productivity and minimize costs. They would also participate in strategic planning, budgeting, and forecasting to contribute to the overall success of the organization.
Overall, a first-line manager for a large electric generator manufacturer plays a crucial role in leading a team, ensuring efficient production, maintaining quality standards, and contributing to the company's goals and objectives.
To learn more about electric generator visit:
brainly.com/question/23993381
#SPJ11