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Explain about the economics of scope of lean production.
Economies of scope:
It is possible while resources as like machinery or labour can be shared to manufacture various products for instants a condition where small type inputs can create a greater variety of outputs or products, by using multi skilled staff and multipurpose machinery. A larger business value and lower cost can be attained by jointly producing various products using similar common inputs for example, flexibility to diversify production without important investment needed, since scope exists to substitute resources through one process to another.
Describe the four-step framework for one-to-one marketing that can be adapted to CRM marketing?
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The Stone Company produces three sizes of window fans: small, medium, and large. The manager has formulated an LP model for fan production: maximize 6 x1 + 8 x2 + 5 x3 (profit) sub
Describe the eight general strategies in the business buying decision process.
Cindy, an employee of Stellar Snowboard Manufacturing, has just signed an authorization card during a union organizing campaign by Local 79 of the Teamsters Union. Cindy has agreed
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I asked the wrong question last time. I asked it wrong. How does a project life cycle differ from a product life cycle?
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