What is the difference between a chase strategy and a level strategy in sales and operations planning?
What will be an ideal response?
A chase strategy involves hiring and laying off employees to match the demand forecast over the planning horizon. The output level varies as the employee count varies. The level strategy involves keeping the workforce constant and either varying utilization and/or varying level of inventory.
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What is meant by the digital marketing?
What will be an ideal response?
A partner invests into a partnership a building with a $50,000 carrying value and $80,000 fair market value. The related mortgage payable of $25,000 is not assumed by the partnership. The entry to record the investment in partnership is:
A) Building 50,000 Capital 50,000 B) Building 80,000 Capital 80,000 C) Capital 80,000 Mortgage Payable 25,000Building 55,000 D) Building 80,000 Mortgage Payable 25,000Capital 55,000
Most firms display the components of cost of sales
Indicate whether the statement is true or false
Economies of scale
A. are only relevant to manufacturing industries. B. refer to the rising scale on which efficiency improves as a result of cumulative experience and learning. C. occur due to the presence of abundance resource endowments within a nation. D. are difficult to achieve if fixed costs are high. E. are the predictable decline in the average cost of producing each unit of output as a production facility gets larger and output increases.