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Ques: How can we make comparisons between the cost of a product in two different periods if salaries and cost of living may have changed?
Ans: The average income is published in government statistics. The figure can be divided by the average number of hours worked. This gives an income rate per hour. Divide the cost of an item by this rate and it gives the number of minutes an average worker had to work in order to purchase the item. If you compare these figures over time you will see that the number on minutes needed to purchase a television set in the year 2000 is significantly less than any previous period.
Concept of Trade off in Business Strategy The trade-off concept was first introduced by Skinner (1969,1974) who carried out a large study of successful American manufacturing
Cattell's 16PF test is normally associated with Employee selection
Where in Europe, Africa, and Asia does Nestlé have operations? How many factories do they have in Spain and Thailand? Why does Nestlé have multiple facilities in a single country?
How does the transformation process apply to the field of construction management, and how you might apply the basic concepts?
Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30,000 good T-shirts per month. Their plant operates 200 hours per
what do you mean by "line balancing''? what happens if balance doesn''t exist?
What is the economic justification for the rapid growth of premium package services?
Identify the process strategy you will utilize at CPC and explain why this strategy is appropriate for your business. Create a process flow chart for CPC. Identify opportunities to
Key Performance Objectives of Operation Strategy There is broad consensus that supports the view that operational competitive priorities which satisfy customers such as price
PERFOMANCE IMPROVEMENT By categorizing radical and continuous process improvement methods, outline different operations improvement methods which you know a) Tanzania
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