A company's profit (loss) is calculated as a difference between Total Revenue and Total Cost. So,...
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A company's profit (loss) is calculated as a difference between Total Revenue and Total Cost. So, if Total Revenue is smaller than Total Cost, the company is facing a loss. Assuming that Total Revenue is fixed (no way to increase it), so the company could improve its financial situation only by cutting the cost of the production. Consider two different companies: a small manufacturing firm and a small consulting firm. For each company, name three major steps they should take to cut the cost of the production. Tips: one step will be identical for both companies, but other steps would work for the manufacturing firm but would not work for the IT firm, and otherwise. You post should include 2 paragraphs: 1.The manufacturing firm: steps 1, 2, 3 2.The consulting firm: steps 1,2,3. A company's profit (loss) is calculated as a difference between Total Revenue and Total Cost. So, if Total Revenue is smaller than Total Cost, the company is facing a loss. Assuming that Total Revenue is fixed (no way to increase it), so the company could improve its financial situation only by cutting the cost of the production. Consider two different companies: a small manufacturing firm and a small consulting firm. For each company, name three major steps they should take to cut the cost of the production. Tips: one step will be identical for both companies, but other steps would work for the manufacturing firm but would not work for the IT firm, and otherwise. You post should include 2 paragraphs: 1.The manufacturing firm: steps 1, 2, 3 2.The consulting firm: steps 1,2,3.
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Answer rating: 100% (QA)
Answer I Manufacturing Firm 1 Streamline Production Processes i Identify and eliminate inefficiencies in manufacturing processes Implement lean manufa... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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