Question: Mr. Kuo is considering opening a new foundry in Denton, Texas; Edwardsville, Illinois; or Fayetteville, Arkansas, to produce high-quality rifle sights. He has assembled the
Mr. Kuo is considering opening a new foundry in Denton, Texas; Edwardsville, Illinois; or Fayetteville, Arkansas, to produce high-quality rifle sights. He has assembled the following fixed-cost and variable-cost data: Table 5 I. Graph the total cost lines (4 Marks) II. Over what range of annual volume is each facility going to have a competitive advantage? (2 Marks) III. What is the volume at the intersection of the Edwardsville and Fayetteville cost lines? (2 Marks) e) Explain the Lean Principle of Kaizen and how it may be applied in both service and manufacturing organizations ( use Jamaican company/companies as your example).
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