An essential Lean principle is levelling production, which makes the production process more fluid. It enables production to move materials in response to demand, which will shorten response times to demand fluctuations and upstream schedule variability.
Explain about the level production?Production smoothing, also known as production levelling, is the process by which businesses meet consumer needs while minimizing manufacturing wastes, such as capital expenses, labor costs, and lead times for production.
A production strategy that adjusts the volume of inventory to keep production constant throughout a certain time frame. Plans for level production may be necessary due to facility constraints or to meet seasonal demand. Lean Affiliates defines this.
Pre-production (planning), production (filming), and post-production are the three crucial phases of every film's production (editing, color-grading, and visual effects).
Hence, the number of units to be produced per month would be divide the annual production amount by 12 in level production is true
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the car lot is a large car dealership. it could sell its cars for $500 and give customers a lifetime guarantee, but based on the marketing concept, why shouldn't it do this?
It shouldn't do this since the business should balance meeting its consumers' needs with accomplishing its organizational goals.
What is the marketing concept's significance to consumers?By increasing profit through higher sales, marketing concepts not only help marketers beat the competition but also are tied to the method they use to appeal to clients.
Is the notion that a business must work to meet customers' requirements even as it tries to meet its own aims one word?The marketing concept is fascinated with the notion of meeting customer demands through the product as a remedy for the customer's issue (needs). The Marketing Concept is a key shift in how businesses are organized today and lays the groundwork for gaining a competitive edge.
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a characteristic feature of a prestige demand curve is that as price is lowered, the curve turns back to the left toward its initial level. why is this so?
The reason why the curve turns back to the left toward its initial level was : because of the decrease in demand.
What is demand curve?Demand curve can be defined as the curve that help to show the price of product in the market and the quantity that was demand at a specific period of time.
With prestige product the demand for the product tend to increases as the price increases and demand as well decreases as the price of the product decreases which is why the demand curve is like backward (ↄ) .
Therefore the reason is due to the decrease in demand.
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under what circumstances would a firm be more likely to buy the required number of bonds in the open market as opposed to using one of the other procedures? when interest rates are higher than they were when the bonds were issued g when interest rates are lower than they were when the bonds were issued
When interest rates are lower than they were when the bonds were issued a circumstance would a firm be more likely to buy the required number of bonds in the open market as opposed to using one of the other procedures. The correct option is B.
What is the goal of open market operations?Open market operations are designed to alter the reserve balances of American banks and bring about reactionary adjustments to the current interest rates. The Fed can expand the money supply in the US by purchasing securities.
Bond prices fluctuate between increases and decreases on the open market. OMOs, therefore, have an impact on bond pricing. Bond prices and interest rates have a negative relationship. 1 Therefore, open-market purchases lower interest rates while open-market sales raise them.
Thus, the ideal selection is option B.
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g identify which offering process is typically used for treasury debt securities? group of answer choices a. brokered b. competitive c. direct listing d. negotiated
Competitive (Auction) is a government-identified offering method that is commonly utilized for treasury debt securities.
What are treasury debt securities?United States Treasury securities, often known as Treasuries or Treasury, are government debt instruments issued by the United States Department of Treasury to fund government expenditure rather than taxation.
Treasury bills, Treasury notes, Treasury bonds, and Treasury Inflation-Protected Securities are the four forms of marketable Treasury securities. The government auctions off these securities through the Federal Reserve Bank of New York, after which they can be sold in secondary markets.
Treasury securities are backed by the full confidence and credit of the United States, which implies that the government guarantees to repay them using any legally possible methods. Despite the fact that the United States is a sovereign authority with no recourse, its track record of repayment has earned Treasury securities a reputation as one of the world's lowest-risk investments. Treasuries have a unique niche in the financial system because of their low risk, where they are utilized as cash equivalents by institutions, businesses, and affluent investors.
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on september 1, your calendar year company rents a machine to another firm for $24,000 a year. as of december 31, $17,000 has been received and recorded in rent revenue. what adjusting entry do you record at year-end?
Annual rent revenue = $24,000
Rent revenue for 4 months from September to December = 24,000 x 4/12
= $8,000
Rent revenue has been credited by $15,000. Thus, adjusting the entry on December 31 will be as under:
Journal
Dec. 31 Rent revenue 7,000
Unearned rent revenue 7,000
Revenue is the total quantity of financial gain generated by the sale smarts|of products} or services concerning the company's primary operations. Revenue, additionally referred to as gross sales, is usually named because the "top line" as a result of it sits at the highest of the income statement. When examining revenue vs income you must recognize that “revenue” refers to the entire amount of cash an organization generates before removing any expenses.“Income”, on the opposite hand, is up to revenues minus the prices of doing business, equivalent to depreciation, interest, taxes, and other expenses. Revenue and profit are each good signs for your business, but they're not interchangeable terms. each represents a very important thanks to perceive your business. Revenue describes income generated through business operations, whereas profit describes lucre when deducting expenses from earnings.
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since 1984, foreign holders of eurobonds are exempt from blank tax withheld from interest payments, making it more feasible for u.s corporations to sell eurobonds directly to borrowers. multiple choice question. capital interest income property
Since 1984, foreign holders of Eurobonds are exempt from income tax, withheld from interest payments, making it more feasible for u.s corporations to sell eurobonds directly to borrowers.
A financial instrument known as a "Eurobond" is one that is issued on a market or in a nation where the native currency is not used. By the currency they are denominated in, such as eurodollar or euroyen bonds, eurobonds are widely categorised. Eurobonds are frequently referred to as foreign bonds because they are offered in a different currency. Eurobonds are significant because they enable businesses to raise cash while providing the option to issuing them in different currencies. Eurobonds are typically issued on behalf of the borrower by a global syndicate of financial institutions, one of which may underwrite the bond and therefore guarantee the sale of the entire issuance.
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In the ________ activity of scm, supply chain managers develop processes for managing their goods and services inventory, including receiving and verifying shipments, transferring the shipped materials to manufacturing facilities, and authorizing supplier payments.
Supply chain managers create procedures for managing their inventory of goods and services in the source activity of SCM. These procedures include receiving and validating shipments, moving the sent items to production facilities, and approving supplier payments.
What jobs do supply chain managers have?The five primary elements of supply chain management are planning, procuring raw materials, production, delivery, and returns. The planning phase involves developing a comprehensive supply chain strategy, while the other four components concentrate on the prerequisites for carrying out that plan.
Sourcing is the process of buying goods and services from suppliers who will do so in the most economical and effective way possible. Suppliers are required to follow a set of guidelines in order to guarantee that the company delivers high-quality goods to the consumer.
Supply chain managers create procedures for managing their inventory of goods and services in the source activity of SCM. These procedures include receiving and validating shipments, moving the sent items to production facilities, and approving supplier payments.
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in an open economy, gross domestic product equals $2,450 billion, consumption expenditure equals $1,390 billion, government expenditure equals $325 billion, investment equals $510 billion, and net capital outflow equals $225 billion. what is national saving? a. $1,390 billion b. $225 billion c. $735 billion d. $510 billion
The national saving is $225 billion as the consumption exceeds the savings in an open economy.
What is Gross Domestic Product?
The market worth of all the finished goods and services that nations produce and sell in a certain time period is measured in dollars by their gross domestic product (GDP). This measurement is frequently reviewed before being regarded as a valid indicator due to its subjective and complicated character and can be gained by economic growth propering the economy.
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A ______ is a form of intellectual property that gives exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of years in exchange for detailed public disclosure of an invention.
A patent is a form of intellectual property that gives exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of years in exchange for detailed public disclosure of an invention.
What is a patent?
A patent is a type of intellectual property that gives the owner of one product or creation the legal right to exclude others from using, making, or selling an invention. Patent rights fall under private law. The patent holder can sue someone who infringing the patent in order to enforce their rights. There are three types of patents, they are design patents, utility patents, and plant patents.
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although bangladesh and india have the same annual growth rate, their economies are much different in size. one way to explain the size difference to someone who is unfamiliar with scaling large numbers is to visualize it. india's gdp is a
India's GDP growth rate is lower than that of Bangladesh.
GDP or Gross Domestic product is defined as the final value of all the products that are produced within a country in a specified period of time or within a financial year. GDP growth rate may be an important feature to compare the economies of two countries. India and Bangladesh do not have same territorial boundary and their economies are also not equal. There are many factors to compare the economies of the two countries and the main factor is the GDP growth rate as the other factors are almost same. India is witnessing a slight increase in the GDP growth rate though the growth rates are comparatively smaller than that of Bangladesh. Covid-19 has struck the GDP of India and affected it to a very large extent and efforts are being made to recover the GDP growth rate.
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paltrowski company issued 1 million shares of no-par common stock with a stated value of $2. the issue price was $54 per share. which journal entry is prepared?
The journal entry that is prepared is debit Cash $50 million, credit Common Stock $2 million, and credit Paid in Capital in Excess of Stated Value Common $48 million.
What is the balance sheet?The balance sheet contains the stockholder's equity. It is said to be the sum of the company's remaining assets after all obligations have been paid. Common share and retained earnings balances are included in shareholder equity.
Debit Cash = $54 million,
Credit Common Stock = $2 million,
Credit Paid-in Capital in Excess of Stated Value (Common) = $52 million.
So, the journal entry will be
Debit Cash $50 million, credit Common Stock $2 million, and credit Paid in Capital Exceeding Par Common $48 million.
The issue price divided by the number of shares equals market value. Market value is equal to $50 divided by one million, which equals $50 million.
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The complete question is:
"Paltrowski Company issued 1 million shares of no par common stock with a stated value of $2 per share. The issue price was $50 per share.
Which journal entry is prepared?
A. debit Cash $50 million, credit Common Stock $2 million and credit Paid in Capital in Excess of Par Common $48 million
B. debit Cash $50 million, credit Common Stock $2 million and credit Paid in Capital in Excess of Stated Value Common $48 million
C. debit Cash $50 million and credit Common Stock $50 million
D. debit Cash $50 million and credit Retained Earnings $50 million"
when the yield curve is upward-sloping, then: multiple choice short-maturity bonds offer the highest coupon rates. long-maturity bonds are priced above par value. short-maturity bonds yield less than long-maturity bonds. long-maturity bonds increase in price when interest rates increase.
When the yield curve is upward sloping then Short-maturity bonds yield less than long-maturity bonds.
A bond in financing may be defined as the money raised by the borrowers from the investors who are willing and are capable of lending them money. A bond may be private or governmental. The bond is a symbol of the trust between the borrower and investor. Bonds can be bought or sold whenever they get matured. Yield curve may be defined as the graph plotted showing the relation between the interest rates of the bonds which have equal credit quality but different maturity period. This curve shows the risk which a investor poses while issuing a bond to a borrower. This curve shows relation between different bonds whether short term or long term.
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which two industries are significantly influenced by laws regulating product purity and labeling? multiple select question. pharmaceuticals automobiles technology food
Food and pharmaceuticals are the two industors that are known to be affected by the laws that have to do with purity and labeling.
What is labeling?This is the term that is used to refer to the fact that the items that are to be consumed by people are well tagged so that people would be able to read it properly.
This would help to prevent certain incidents. The FDA is the body that is responsible for the regulations that have to do with foods and drugs This is so that people would not have to take in products that are wrong or unhygienic for them.
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raven company has a target income of $70,700. the contribution margin ratio is 25%. what amount of dollar sales must be achieved to reach the goal if fixed costs are $37,300?
The amount of dollar sales that must be achieved to reach the goal is $432,000 if the fixed costs are $37,300
To determine the amount of dollar sales to be achieved to reach the goal, we first calculate the total contribution required. The contribution required in this case will be the sum of the target income and the fixed cost. Therefore;
contribution required = Target income + Fixed cost
contribution required = $37,300 + $70,700
contribution required = $108,000
Now the amount of dollar sales required can be determined by using the following formula of contribution margin ratio;
contribution margin ratio = Contribution margin / Sales
As the contribution margin ratio is given to be 25%, therefore;
25/100 = 108,000 ÷ Sales
0.25 × Sales = 108,000
Sales = 108,000 ÷ 0.25
Sales = $432,000
Therefore $432,000 is calculated to be the amount of dollar sales required to reach the goal.
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you find a zero coupon bond with a par value of $10,000 and 18 years to maturity. the yield to maturity on this bond is 5 percent. assume semiannual compounding periods. what is the dollar price of the bond?(do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The value of the zero coupon bond is 4156.27
At maturity, a zero-coupon bond is redeemed for its face value. The bond does not pay any more interest payments aside from that. Instead, the bond usually trades at a significant discount to its face value.
Par value of the bond = $10,000
Years to maturity = 18 years
Yield to maturity rate = 5%
Compounding semi-annually
Using the formula to calculate the price of the bond:
Zero coupon bond = F/(1 + r)^T
where F = face value/par value
r = rate of yield
t = time in years
Substituting the values in the formula, we get:
Zero coupon bond = 10000/(1 + 5%)^18
= 10000/(1.05)^18
= 10000/2.406
= 4156.27
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which of the following statements is true regarding how various decision styles impact employees? group of answer choices a democratic style results in positive attitudes a democratic style is the fastest way to make decisions a laissez-faire style results in higher performance an autocratic style results in lower performance a laissez-faire style results in positive attitudes
Positive attitudes are the product of a democratic style. The following traits are frequently found in leaders that practice democratic leadership. Leaders that practice shared leadership put their teams in charge of coming up with ideas and solutions.
This trust motivates teams to collaborate in novel ways without micromanaging, which fosters organizational creativity. Positive attitudes are the product of a democratic style. A company's top management decided that low sales would prevent them from awarding end-of-year bonuses.
It encourages an atmosphere of creativity. A creative environment is promoted by the democratic leadership style by promoting team members' invention and contribution. For instance, due to the inherent support in this style of leadership, creative professionals typically prosper under it.
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in its first year of business, laker corporation had sales of $2,150,000 and cost of goods sold of $1,275,000. laker expects returns in the following year to equal 5% of sales and 5% of cost of goods sold. the adjusting entry or entries to record the expected sales returns is (are):
The Sales Returns and Allowances entry or entries are used to adjust for the anticipated sales returns. 160,000 Inventory Returns, 160,000 Sales Refund Due around 96,000 sold items cost was 96,000.
A sales return is an adjustment to sales resulting from the actual return of goods by a consumer who had previously purchased them from the Inventory Returns company. The account "Sales Returns and Allowances" is frequently used to record it.
Typically, a sales return is entered under "Sales Returns and Allowances." The income statement shows this account as a debit from "Sales" (or Gross Sales).
Actual physical returns of the product are required for sales returns, and Inventory Returns the consumer will receive a refund or credit to their account in exchange. Contrarily, a sales allowance occurs when the customer sales returns consents to accept the item for less than it was originally sold for. Both instances are classified as sales adjustments and are listed under "Sales Returns and Allowances."
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discuss the major barriers to entry into an industry. explain how each barrier can foster either monopoly or oligopoly. which barriers, if any, do you feel give rise to monopoly that is socially justifiable?
There are five major barriers to enter in to any industry.
1) Economies of scale – On occasion, the market prohibits the operation of more than one firm due to cost advantages brought about by economies of scale. This could result in a monopoly.
2) High fixed costs – Since the majority of manufacturing required some fixed factors, the new company might not have the necessary funds.
3)Patents: When a company has patent rights for a certain class of goods, it can monopolize the market.
4)Ownership of specific input is required since outcome requires input. However, there are situations when a single company is the only owner of an input needed to make an output. Additionally, a market monopoly can result from this.
5) Competition from others - Already existing businesses will compete with the new entry. However, the performance of that competing company depends on the state of the market.
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Kenda needs her manager to review the memo she wrote so that she can send it out to her clients before the end of the day. what's the best way for kendra to end her email to her manager? question 1 options: a.please review the memo for any spelling or grammatical errors. b.here's the memo i want to send clients today. c.please review the memo and let me know if you have any changes by 3 p.m. today. d.do you think this looks ok?
The BEST way for Kendra to end her email to her manager is option A: Please review the memo and let me know if you have any changes by 3 p.m. today.
What do you mean of review?A review is an opinion or analysis of something's quality. Review can also refer to going through a subject again as part of a study session or returning to something.
Note that when used as a noun and a verb, review has numerous additional meanings. A review is a critique of something, telling both its strengths as well as weaknesses.
Therefore, a book memo is an analysis of the book, or a review. A review, which is more than just a summary, presents an argument.
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the action that eventually led to polaroid's bankruptcy was their major strategic shift into the digital camera market. question 14 options: true false
False . Polaroid was forced to declare bankruptcy after 30 years of strong financial performance.
Why did polaroid have to declare bankruptcy ?
Patent infringements and bad corporate governance were to blame for Polaroid's inability to adjust quickly. Around the year 2000, the business concepts that had sustained their success since its foundation in 1937 began to crumble. The failure of Polaroid was mostly caused by two factors: a flawed business strategy and aversion to becoming a leader in their industry. Given all of their early work on digital photography, Polaroid may have controlled the industry today.
But very early on, failure anxiety set up within the firm. If you want to continue being successful, you can't let business failure scare you too much. The ability to diversify, innovate, and understand the market are crucial competencies.
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gilchrist corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. at the beginning of the most recently completed year, the corporation estimated the machine-hours for the upcoming year at 35,900 machine-hours. the estimated variable manufacturing overhead was $4.80 per machine-hour and the estimated total fixed manufacturing overhead was $945,606. the predetermined overhead rate for the recently completed year was closest to: multiple choice $31.14 per machine-hour $30.14 per machine-hour $4.80 per machine-hour $26.34 per machine-hour
Predetermined manufacturing overhead rate= $31.14 per machine hour.
Estimated the machine-hours= 35,900
The estimated variable manufacturing overhead was $4.80 per machine-hour. The estimated total fixed manufacturing overhead was $945,606.
How to calculate predetermined overhead rate?
To calculate the predetermined overhead rate, we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate=(945,606/35,900) +$4.80
Predetermined manufacturing overhead rate= $31.14 per machine hour
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brittany is traveling in germany and went to a bank to convert $200 into euros. she was concerned when she received fewer euros than she had last week when she converted the same amount of money. the teller explained that the money had been converted based on the rate that was available today for currency exchange and this rate fluctuates. what type of rate is being used in this transaction?
The rate being used is the spot exchange rate.
The spot exchange is the current exchange rate between two currencies is a spot rate in foreign exchange. It is the price that must be paid in order to finalise a currency exchange immediately. The spot exchange rate is determined by the forex market, and some nations actively control or influence this rate through tools like currency pegs. Trading opportunities in the spot market and futures, forward, and options markets are found by currency traders by monitoring spot rates.
In the given case the amount was converted at the given rate at that time. It was the price that Brittany would have paid in one currency to buy another currency at that time. This is why the deviation came in the total amount during currency exchange.
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television commercials for halo laundry detergent are aired several times a day, on various cable networks, throughout the year. advertisers of halo believe that this will serve as a constant reminder of the brand to the consumers. media planners of halo are likely to be using a(n) scheduling method.
Media planners of halo are likely to be using a continuity scheduling method.
What is continuity marketing?A way of offering consumers products or services that focuses on direct marketing and lasts forever is known as continuity marketing. This relationship, also known as auto-replenishment, lasts until the client notifies the marketer that they no longer want it. The basic idea is that a buyer places an initial order, either online or through a mail order offer. This original product typically has a steep discount and serves as a loss leader. A further shipment will be sent to the customer within the specified time frame. After that, further supplies would keep coming at regular intervals. The marketer will make the decision on the client's behalf based on the customer's prior selections if the customer has not specified the specific product they wish to acquire.
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A share of stock with a beta of 0. 75 now sells for $50. Investors expect the stock to pay a year-end dividend of $2. The t-bill rate is 4%, and the market risk premium is 7%. Suppose investors believe the stock will sell for $52 at year-end. Calculate the opportunity cost of capital. Is the stock a good or bad buy? what will investors do? at what price will the stock reach an "equilibrium" at which it is perceived as fairly priced today?.
What the investors will do depends on whether the actual return will be higher, lower or the same as the required return (Opportunity cost of capital) .
What is Equilibrium in business?When market supply and demand are in balance, prices become steady. This is known as equilibrium. In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortfall or undersupply raises prices, which decreases demand.The holding period return, which is (earnings (dividends) + (ending stock price - beginning stock price))/beginning stock price = (2 + (52 - 50))/50 = 4/50 = 8%, can be used to determine the actual return.CAPM can be used to determine the Opportunity Cost of Capital. = Risk Free Rate + beta(Market Premium) = 4% + 0.75(7%) = 9.25%The stock is a bad buy since the Opportunity Cost of Capital exceeds the Actual Return on the stock.Investors won't buy anything.
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us firms that issue securities in the us have to comply with sec regulations. if these firms issue securities in the eurobond market, an advantage is limited blank requirements, as they do not have to provide as much information. multiple choice question. disclosure taxation political economic
Politics and economics are both involved in the topic of taxes. Political leaders have implemented a variety of tax changes, such as lowering (or raising) tax rates, altering the definition of taxable income, enacting new taxes on particular goods, and so forth, to further their political objectives.
Explain about the taxation political economic?
A taxation authority, typically a government, levying or imposing a financial obligation on its inhabitants or residents is known as taxing them. Since ancient times, paying taxes to governments or officials has been a fundamental aspect of civilization.
Specific tax preferences can have an impact on how economic resources are allocated, whereas high marginal tax rates can discourage work, saving, investing, and innovation. Tax cuts, however, can also reduce long-term economic development by raising deficits.
For instance, the highest payroll taxes in the United States are 2.9% for Medicare and 12.4% for Social Security, totaling a 15.3% tax rate. In this instance, the employer pays half of the payroll taxes, or 7.65% of the tax rate.
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what does beworks do and how is it different from typical consulting firm? please visit beworks website. what is behavioral economics? although we covered this in class, do your own research to provide details on behavioral economics.
The study of how people's economic decisions affect market prices, returns, and resource allocation is known as behavioral economics.
What is be works' function?
We comprehend human behavior and alter it for the better.
Using science, we reveal the unseen factors that influence everyday behavior and develop innovative solutions to today's issues and foresee the challenges of tomorrow.
What is the work of behavioral economists?
Based on psychology and market research, behavioral economic consultants work to comprehend their clients' requirements and create individual business plans and solutions. You can choose to work as a consultant in a specialized field, such as education or health care, and either work for yourself or for a private company.
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What does a ""u"" stand for on a credit report? what does it mean? is it concerning? does a ""u"" appear on john’s report?.
The “U” for your credit score file stands for “unclassified,” which means that the account hadn't been updated on the time the record was pulled. it is certainly one of many repute codes that could seem subsequent to an account on your credit report.
An unclassified document has in no way contained categorized records. Declassified files originally contained categorized records that changed into either eliminated or redacted, or the facts changed into decided to no longer require protection beneath E.O. 13526, rendering the file unclassified.
An unclassified misdemeanor is the name given to a misdemeanor crime that does not fall into a specific class of misdemeanor offenses, including a class B misdemeanor or a misdemeanor inside the 2nd diploma.
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Answer:
Means unclassified, that the report hasn't been updated, or if the account is new. It's not concerning. And there is no "U" on John's report.
Explanation:
That's what I put as my answer for the class, hope it helps :)
if the united states raised its tariff on tires, then at the original exchange rate there would be a a. surplus in the market for foreign-currency exchange, so the real exchange rate would appreciate. b. shortage in the market for foreign-currency exchange, so the real exchange rate would depreciate. c. shortage in the market for foreign-currency exchange, so the real exchange rate would appreciate. d. surplus in the market for foreign-currency exchange, so the real exchange rate would depreciate.
The cost of a country's goods and services rises as its exchange rate rises compared to that of another. Costs for imports decrease. In the long run, this can result in a decline in exports and an increase in imports.
The value of one currency will increase as the exchange rate changes, while the value of the other currency will decrease. A currency is considered to have appreciated when its value rises. Conversely, a currency is said to have depreciated when its value falls.
Tariffs increase the cost of imports, which importers frequently pass through to consumers through increased prices and inflationary pressure.
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Who prioneered a manufacturing method based around the principle of take the work to the man, not the man to the work?.
The belt is boss, as one worker put it, or as Ford said in 1925, "the point is to keep everything in motion and convey the job to the man not the work to the man." The former method required 14 hours to assemble a Model T in 1913.
Explain about the manufacturing method?A business constructs or produces a product is through a manufacturing process. Using computers, robots, and cloud-based technologies, it can be a complex process involving a variety of machines, tools, and equipment with several levels of automation.
Manufacturing is the process of creating products—either manually or mechanically—that the company then sells to a client. Rough materials or smaller portions of a larger product are both examples of items utilized in manufacturing.
Manufacturing is the process of creating new goods from components or raw materials. Automotive businesses, bakeries, shoemakers, and tailors are all examples of manufacturing because they all produce goods rather than provide services
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Identify and explain two possible reasons why some ministers want to
privatize some businesses in the public sector.
The ministers seek to privatize some public sector operations because it would lead to stronger management infrastructure and a more technical and specialized personnel. Operating outside of political hierarchies and through commercial organizations would be more effective.
Explanation:.Private businesses can provide a larger range of experience in service provision in line with the international trading climate.
.The government sectors now need to look more closely at opportunities in the cutthroat world of trade due to the changes in the dynamic markets.
.The privatization of the commercial sectors will increase the effectiveness of this.
.More money is available to invest in the infrastructure that supports trade is it necessary to have the public sector.
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