A VSM is ______.
a. much more narrowly defined in relation to a process flow
b. particularly useful for processes showing a high degree of variation
c. a communication tool
d. a tool for reducing the carbon footprint
c. a communication tool
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According to Michael Porter, which of the following is a barrier to the entry of new companies into an industry?
A) vertical integration B) horizontal integration C) product differentiation D) rapid manufacturing
Only the Big 4 audit firms can conduct audits of private companies in the United States
a. True b. False Indicate whether the statement is true or false
Lopar Company uses a predetermined overhead rate based on direct labor dollars. Lopar Company estimated that its 2010 overhead would total $938,000 and that 2010 direct labor costs would be $670,000 . During 2010, actual overhead costs were $960,000, and actual direct labor costs were $700,000 . By how much was Lopar's overhead over- or underapplied?
a. $20,000 overapplied b. $20,000 underapplied c. $18,000 overapplied d. $10,000 underapplied
What are the primary requirements for effective market segmentation?
What will be an ideal response?