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Customisation - Customers Needs For a Product
The ability of the operations system to tailor its outputs to meet special requirements of customers. Vision Express has taken a sizeable share of the UK market for spectacles through operations which excel in fast customisation: customers can have spectacles made with their choice of frames and lenses, which may be plain or multi-focal and/or photochromatic, to their personal prescription within an hour or so.
Explain Trial Balance. Trial Balance : After posting all journal entries in the ledger, a statement termed as trial balance is prepared to check the accuracy of postings in th
How Break even Analysis helps in solving the problems. Break even Analysis assists solving the problems of following: (a) What volume of sales will be necessary to cover?
Calculate the present value of a stream of cash flows based on a discount rate of 8%. Annual cash flow is as follows 1. Year 1 = $100,000 2. Year 2 = $150,000 3. Year 3 = $200,0
What happens to inventory as the number of kanban cards increases? Inventory decreases Inventory increases Inventory remains the same The number of kanban cards has no
Orange Company is allocating its advertising budget for its new smartphone targeting graduate and undergraduate students in RTP. The company has invited representatives from the lo
A project consists of activities A, B, C, D, E, F, and G. The precedence relationships and the estimated times to complete each activity are given below: Activity Preceding Activit
Management Management can be elucidated as an art or science, (however, it is combination of art and science) of getting things completed by the people, by planning coordina
What is the present value of $10000 to be received 20 years from now , if the principle is invested at 8% per year, compounded annually ?
Tangibles - Customer Satisfaction and Service Quality Include the physical evidence of the service: physical facilities, appearance of personnel, tools or equipment used to pr
1. Porter (1996) attempts to resolve the issue of Skinner's quandary with trade-offs by introducing the concept of a productivity boundary and operating efficiencies. Explain where
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