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Components/Elements of JIT JIT manufacturing consists of several components or elements which must be integrated together to function in harmony for its successful implementatio
Manchester United Football Club a) By opting for the AIG sponsorship deal worth £56.5m, MUFC is prior the larger deal of £70m, i.e. the opportunity cost is the extra £13.5m ha
Question 1: ‘With the growth in team working, organizations are increasingly turning to team role models in the hope of enhancing the effectiveness of their teams. Working in a
What are categories of ratios for financial position and performance? Usually, there are four main categories of ratios every attempting to measure the financial position and p
Modeling and simulation mean using models, prototypes, attributes, and strategies in order to get results that help to choose the right decision. Recently, simulation becomes a maj
Business Process Analysis 1. Comprehensive business process analysis with suggested improvements. Must include projected quantitative results. Report must include use of analyt
Decision trees permits: The user to gain a wide idea of possible outcomes of the project/decision, i.e. in this case the selection of two locations Easier understandin
What are the benefits of leaving the allocation of country resources to the price mechanism? Ans) The main conditions needed are: 1. Either a finite number of agents or goods
What is an art of recording? Art of recording: Accounting is an art of recording business transactions within the books of accounts into a systematic way soon after their
QUESTION 1 How does body language differ from culture to culture? Using the day to day life situations, give the differences and similarities of the non-verbal communication am
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