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What are the three elements necessary for the formation of a business contract? What are the six defences to formation of a contract? Illustrate your definitions with examples of each. Why is contract law so important in our free enterprise economy?
_____ is the objective under JIT and time-based competition. WIP reduction Material velocity Lead-time reduction Decreasing material wait time
What are the Chase demand strategies? Chase demand strategies: It is just the opposite of a level capacity strategy. The organisation frequently chases customer demand an
A small rural county has experienced unprecedented growth over the past 6 years, and as a result, the local school district built the new 500-student North Park Elementary School.
Describe a ethical dilemma ( be detailed)? What was the situation? Who did it involve? Why? What happened? What was and wasn't done?
Consider the following batch-flow process consisting of three process steps performed by three machines: STEP 1 Processing Time: 0.25 Min/Part Processing Time: 0.20 Min/Part Pro
1 To ensure that its supply chain can handle a surge in demand, MitiTech should: a. hire additional manufacturing employees b. modify its design to speed up production time
What is your opinion on the Rapid Reflection model? Do you believe it could be implemented in today's hectic corporate world? Elaborate.
At what rate of interest, compounded annually, will an investment triple itself in (a) 8 years ? (b) 10 years? (c) 12 years?
Factors Determining Production Control 1. Nature of Production: In job oriented manufacturing products and operations designed for some particular order which may or may not b
Lincoln electric is gradually moving toward using a more traditional approach to pay, putting less emphasis on earnings at risk. What strategic objectives would lead the company to
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