Brokers advertise and facilitate the sale of business

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Reference no: EM132239117

1. ln the context of a production process such as a manufacturing plant, what is the technique used to identify all of the value-adding as well as non-value-adding processes that materials are subjected to within a plant, from raw material coming into the plant through delivery to the customer?

Lean Manufacturing

Lean Supply Chain

Kaizen

Value Stream Mapping

Lean Production Schedules

2. Brokers advertise and facilitate the sale of business for a fee, usually a percentage of the ultimate selling price.

True

False

3. What explanations do you have for the effect of "M" on P in the equation P= ( M x A )+/- E ?

What specific theory(ies) support this?

4. Which of the following is a disadvantage of buying a franchise?

A. It is more expensive than starting a new business.

B. You give up control of marketing and operations.

C. You compete with the franchise company itself.

D. You receive no training and management support.

4. ln the context of a production process such as a manufacturing plant, what is the technique used to identify all of the value-adding as well as non-value-adding processes that materials are subjected to within a plant, from raw material coming into the plant through delivery to the customer?

Lean Supply Chain

Kaizen

Value Stream Mapping

Lean Production Schedules

Reference no: EM132239117

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