A shipper wishing to reduce transportation costs will:
A) use trucks for all his shipments.
B) ship only in small quantities.
C) ship to LTL lots.
D) all of the above
E) none of the above
E
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Which of the following production concepts was invented in Japan and gave Japanese automobile companies a knockout advantage in world markets through lower costs and higher quality?
A) horizontal integration B) vertical integration C) lean manufacturing D) mass customization
The process of studying how to exploit a firm's resources to achieve short-term and long-term marketplace success, deciding upon a course of action, and flexibly updating it as learning occurs during implementation is _______
a. understanding firms as customers b. crafting market strategy c. customer relationship management d. market sensing
Harris Corporation uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of standard direct labor-hours (DLHs). The company has provided the following data: Denominator activity 5,000DLHsActual activity 5,600DLHsStandard hours allowed for the output 5,500DLHsPredetermined overhead rate ($2 variable + $3 fixed)$5per DLHThe volume variance would be:
A. $1,800 F B. $1,800 U C. $1,500 F D. $2,500 F
Taitron Components Incorporated engages in the distribution of brand name electronic components, as well as the supply of original designed and manufactured (ODM) electronic components. The company decides to improve its value chain management function. What are some of the possible benefits that Taitron can obtain from this move?
What will be an ideal response?