Explain the meaning of the terms lean production and synchronous management. How are these relevant to operations in a small company?
Answer to relevant QuestionsCustomer demand for services is generally not uniform during a day, week, or other period of time. What strategies can be used by service businesses to better match a company’s capacity to perform services to customers’ ...1. What can be done to improve capacity?2. What can be done to improve efficiency?3. What could be done at a store level to improve the performance of the business?How may a seller speed up the collection of accounts receivable? Give examples that may apply to various stages in the life cycle of receivables.Define business risk and then distinguish between pure risk and market risk?1. What types of business risk do you think Essman might have overlooked? Be specific.2. Would risk retention be a good strategy for this company? Why or why not?3. What kinds of insurance coverage should this type of ...
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