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Define lean logic?
Lean logic is defined as activities that are designed to reach high volume production while using the least possible in work in progress, raw material inventories, and finished goods. Internal demand or customer demand triggers production in lean logic.
What is pure market capitalist economy?
a social and economic system where prices are fixed by supply and demand
What steps does the firm need to take to reconcile labor supply and labor demand?
Labor supply, and demand is what determines the cost of Labor. Firms must consider their margin, pricing policy, improvement costs to raise productivity, market share, and competition, to arrive at a labor level reconciliation. Or The first step a firm needs to take to reconcile labor supply and labor demand is to analyze what problems need to be resolved. The goal is to have the labor supply, which is made up of the hours employees work, equal the labor demand, which is the work that needs to be done. Some firms hire outside consultants to do this for them.
What forces that make market economies work are?
supply and demand
How does our economy work and what factors influence its functioning?
The economy works through the production, distribution, and consumption of goods and services. Factors that influence its functioning include supply and demand, government policies, technological advancements, global trade, and consumer behavior.
Why it is necessary for the production and marketing managers to work hand in hand?
Because - it's no good the production team making products to sell - if the marketing section doesn't have the skill to sell the stock that's already in store. Both 'teams' need to work together - to make enough produce for the demand - without overstocking the shelves.
How did the Cottongin lead to more slavery?
The invention of the cotton gin made it easier and faster to process cotton, leading to increased demand for cotton production. This demand resulted in the expansion of cotton plantations, which in turn increased the need for labor, leading to the use of more enslaved people to work on the plantations to meet the growing demand for cotton.
How does Sales and Production work together?
to make a profit for a business. as production makes the product and sales ( the answer is in the name) · Production first makes the product · Production then gives the product over to distribution · Distribution then sends the product over to sales · Sales then proceed to sell the product
Define lean logic?
Lean logic is defined as activities that are designed to reach high volume production while using the least possible in work in progress, raw material inventories, and finished goods. Internal demand or customer demand triggers production in lean logic.
Importance of production planning in production management?
as the workers are moving around the work-place they need a plan to tell them what job and where they are at a certain time. this is important because it will not hold back the production of a factoryas the workers are moving around the work-place they need a plan to tell them what job and where they are at a certain time. this is important because it will not hold back the production of a factoryas the workers are moving around the work-place they need a plan to tell them what job and where they are at a certain time. this is important because it will not hold back the production of a factory
What was the Production Budget for Blood Work?
The Production Budget for Blood Work was $50,000,000.
What was the Production Budget for The Work and the Glory?
The Production Budget for The Work and the Glory was $7,500,000.
What was the Production Budget for I Love Your Work?
The Production Budget for I Love Your Work was $1,600,000.
What was the Production Budget for The Work and the Story?
The Production Budget for The Work and the Story was $103,000.
Does the 4 on Demand player work on Wii?
No, at the present time (November 2013) 4 on Demand does not work on the Nintendo wii.
What increased the need for slaves in the south?
The expansion of cotton plantations in the South, particularly after the invention of the cotton gin in 1793, significantly increased the demand for slaves to work in the fields. The profitability of cotton as a cash crop led to an expansion of slave labor in the region to meet the growing demand for cotton production.
Is there a big demand for veterinarians?
This depends upon what you mean by "big demand". Overall there is moderate demand for veterinarians in private practice; in rural areas there are unmet needs for large animal and production veterinarians, although there is not enough work to support a full-time veterinarian in these areas. In food safety and public health there is a major need for veterinarians, although most employers don't recognize that they could use veterinarians to fill their vacancies.
