0
some companies have outsourced jobs to Another Country as they can reduce labor costs that way.
What else can I help you with?
In order to reduce their labor cost what might a company do?
outsource some jobs to another country
How might a company reduce their labor cost?
Outsource some jobs to another country.
How can you get a copy of your annuity contract?
Contact the insurance company with whom you have the contract by registered, return receipt mail, and request a copy. You might have to pay a fee to cover costs.
What will most likely occur if a company eliminates an unprofitable segment when a portion of fixed costs are unavoidable?
If a company eliminates an unprofitable segment while facing unavoidable fixed costs, it may not see a significant improvement in overall profitability, as those fixed costs remain. The remaining segments will need to absorb the fixed costs, potentially reducing their margins. Additionally, eliminating the segment could lead to a loss of revenue that might have contributed to covering those fixed costs. Ultimately, the decision could have mixed financial outcomes depending on the structure of the business and the nature of the costs involved.
What are the important differences between fixed cost and variable costs?
Fixed costs are costs that do not change in total as the number of units increase or decrease. Examples include rent and utilities expense, manager salaries, etc. However, since the total cost does not change, the individual unit cost does change as units increase or decrease. Variable costs are costs that change in total as the number of units increase or decrease. An example might be direct labor, which increases based on number of hours work. However, total unit cost does not change.
In order to reduce their labor cost what might a company do?
outsource some jobs to another country
Paying an above-equilibrium wage rate might reduce unit labor costs by?
increasing the supply of labor
Why might a company move its production factory from Texas to Mexico?
To take advantage of lower labor costs
How might a company reduce their labor cost?
Outsource some jobs to another country.
Why does the type of product influence where it is produced?
The type of product influences where it is produced due to factors like labor costs, skill requirements, access to raw materials, transportation costs, and market proximity. For example, labor-intensive products may be produced in countries with lower labor costs, while perishable goods might be produced closer to their market to reduce transportation time and costs.
How might an automobile company use a management information system to reduce its costs and better serve its customers?
By maintaining the update details and clear Database about the System............
What is a labor agent?
A labor agent might be a person who makes sure that a company has enough labor to complete the job at hand. A labor agent might also be a person who deals with a particular union for an industry.
Factors might affect cost of product?
Labor, resources, distribution costs, overhead, and taxes.
Why might a company move locations?
Cheaper labor cheaper taxes
A socially responisble consumer might boycott a company that uses what?
A socially responsible consumer might boycott a company that uses child labor.
A socially responsible consumer might boycott a company that uses what?
Child labor
How much does the prison system gross?
The 'prison system' is the government operated incarceration system. As such, it is pure overhead and costs lots of taxpayer money, it does not earn money. There may be some ways to reduce costs such as prison labor but in general there is no profit. However, some private companies operate prisons for the government, and those companies make money. But that's no different than a city hiring a company to collect garbage, while the garbage collection company might make a profit, it is still an expense the taxpayers have to fund.
