Assume that Stage 1 (home market) of the business produced 200 vehicles using a craft manufacturing...

Assume that Stage 1 (home market) of the business produced 200 vehicles using a craft manufacturing approach. Discuss how your manufacturing approach might or might not be different for Stage 2 (international market). In your discussion, consider and contrast craft production, mass production and lean manufacturing. Identify and discuss at least two approaches using lean principles.

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samet mamat answered 1 year ago

Target marketing of home craft business. the targets are business people, generation x and more. what...

Target marketing of home craft business. the targets are business people, generation x and more. what is the target market for home craft ? List and describe 3-4 targets of home craft business .

Assume Home produces 2 goods, clothing (C) and food (F). Clothing is produced using labor (L)...

Assume Home produces 2 goods, clothing (C) and food (F). Clothing is produced using labor (L) and capital (K), while food is produced using labor (L) and land (T). The total supply of labor, capital, and land are 1,200, 1,000, and 1,600, respectively. Labor is mobile across sectors. All markets are competitive. Home’s production functions for clothing and food are given by: QC = LC K1/3 2/3 QF = LF T1/2 1/2 Now suppose there is another country, Foreign, which...

In 200 words describe Home Budgeting vs Business Budgeting

Two-Stage ABC for Manufacturing Vollrath Manufacturing, a division of The Vollrath Company, manufactures restaurant equipment. Assume...

Two-Stage ABC for Manufacturing Vollrath Manufacturing, a division of The Vollrath Company, manufactures restaurant equipment. Assume the company has determined the following activity cost pools and cost driver levels for the year: Activity Cost Pool Activity Cost Activity Cost Driver Machine setup $ 750,000 18,750 setup hours Material handling 121,600 3,800 tons of materials Machine operation 552,500 16,250 machine hours The following data are for the production of single batches of two products, Equipment Stands and Charbroilers during the month...

Suppose the home firm is considering whether to enter the foreign market. Assume that the home...

Suppose the home firm is considering whether to enter the foreign market. Assume that the home firm has the following costs and demand: Fixed costs = $400 Marginal costs = $13 per unit Local price = $25 Local quantity = 20 Export price = $26 Export quantity = 20 a. What is the firm’s average cost from selling only in the local market? b. Calculate the firm’s profit from selling (i) just to Home’s market; (ii) to both markets. c....

Market analysis for at home custom t-shirt business

A manufacturing company produces water filters for home refrigerators. The process has typically produced some defective...

A manufacturing company produces water filters for home refrigerators. The process has typically produced some defective liters. A random sample of 300 liters yielded 12 defects. Construct and interpret a 90% confidence interval for the true proportion of defective water liters.

Assume Northern Company contracts with Speedy Manufacturing for the purchase of 200 custom manufactured lights to...

Assume Northern Company contracts with Speedy Manufacturing for the purchase of 200 custom manufactured lights to be delivered to Northern Company by August 1 of the current year. Northern Company promises to pay $5,000 for the 200 lights. Due to a shortage in materials nationwide, Speedy Manufacturing Company requests an extension for performance of October 1 of the current year. Northern agrees. Which of the following statements is true regarding this situation? The promise to extend the due date for...

1. Assume a constant cost industry. Assume it is a competitive market and that the market...

1. Assume a constant cost industry. Assume it is a competitive market and that the market is in a long-run equilibrium. Graph this.Show what happens in both the short run and the long run if the government imposes a one-time tax of $200 on each firm. That is, no taxes will ever again be imposed. What if the firm does not believe that no taxes will ever again be imposed, could this change your analysis? 2. Keeping with a constant...

b) Company CC is a manufacturing company that produced automotive parts for local market. Recently, the...

b) Company CC is a manufacturing company that produced automotive parts for local market. Recently, the top management of the Company CC intended to market their products for global markets. Thus, they will form a group to handle this project. The team will engage some important task such as planning, market entry strategies and designing global products for automotive industries. Discuss on how to make the team effective and the marketing features to market the products globally.

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