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It lets you obtain goods and services at a low cost, plus avoids having to write complex RFPs (request for proposal).

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What are the advantages of DSDM?

This method is a short way of producing a project for product. In this method you can skip steps which save time and money.


How can one determine the method for finding marginal revenue in a perfectly competitive market?

To determine the method for finding marginal revenue in a perfectly competitive market, one can calculate the change in total revenue when one additional unit of output is sold. This can be done by taking the derivative of the total revenue function with respect to quantity. In a perfectly competitive market, marginal revenue is equal to the market price.


What are the advantages of flow production?

Flow production, also known as continuous production, offers several advantages. It allows for high efficiency and consistency in manufacturing, as products move seamlessly through the production process with minimal delays. This method also reduces labor costs and waste, as it typically relies on automated processes and standardized operations. Additionally, flow production can lead to faster production rates, enabling companies to meet large-scale demand effectively.


The inventory valuation method that has the advantages that it assigns a value to the inventory on the balance sheet that approximates current cost and also mimics the actual flow of goods is called.?

lifo


What is a method of answering scientific questions by testing a hypothesis through the use of a series of carefully controlled steps?

What is a series of carefully planned steps that test a hypothesis?

Related Questions

What are the strategic management process?

The strategic management process is a method by which managers conceive of and implement a strategy that can lead to a sustainable competitive advantage. There are five parts to it.


What is Nelson method?

its a method for determination of reducing sugars


What are the advantages and disadvantages of deductive method?

the advantages of deductive method


What are the advantages of organization and method team?

advantages of organisation and method team


What are the advantages of descriptive research methods?

The descriptive method of research refers to the process of observing and describing a topic of study, rather than trying to answer a hypothesis. There can be many advantages of the descriptive method of research. For example, a descriptive method of research does not interfere with populations existing in a habitat.


What are the Advantages of poaching method?

whats the advantages?


What are the advantages of Frasch method?

Following are the advantages of Frasch method: 1. This process is economical because there is no wastage of sulphur. 2. This process does not require requisite building of structures because even used structures can be again used. 3. Sulphur obtained in this process is 99.5 % pure. 4. This process is not very complex to perform and simple to do. 5. This method is cost effective.


What is the standard reference method for protein determination?

The standard reference method for protein determination is the Kjeldahl method. This method involves digesting the protein sample with concentrated sulfuric acid and then measuring the amount of nitrogen present, which is used to calculate the protein content.


What are the advantages of debate method?

no


What are the advantages and disadvantages of Delphi method in forecasting demand for a product?

advantages and disadvantages of delphi method of group technique


What are the advantages in viewing manufacturing as a system?

Manufacturing is what it is, regardless what you call it. But as far as words go, and their Definitions, A system is prone to Failures, whereas a Method, is a strict set of operational rules, whereas a Process is a means to a end. So Manufacturing is a Process, not a System, and not a Method, lest you consider the Process, the Method for Manufacturing. And in the End, perhaps it's all three.


What is advantages and disadvantages of distillation method?

The distillation method's advantages are that it will make a pure result. The disadvantages are that the method is time consuming and is not cheap. The distilled method as a result is avoided unless needed.