1 Carlos owns a private limited company called BettaBakers Limited. It produces

a variety of cakes which are sold in local shops. The method of production

used by BettaBakers is batch production. Carlos says 'I have been told that lean

production techniques in the bakery would help me to increase profits'.

a) What is meant by 'lean production'?

b) Identify two ways lean production might be achieved.

c) Identify and explain two ways, other than lean production, Carlos could

use to increase productivity.

d) Identify and explain two advantages to Carlos of using batch production.

e) Do you think Carlos should change his production methods to flow

production in the bakery? Justify your answer.

Answer:

Explanation:

A) Lean production basically focuses on using all of the waste that a company produces in all of its processes so that no actual resources are left unused.

B) In this scenario, this can be achieved by using all of the excess baking mixtures and combining them into extra products as well as recycling used containers.

C) Carlos could either lower costs by using cheaper materials or hire more employees.

D) Batch production allows Carlos to produce large quantities of his products at a much faster and therefore more efficient pace. This also increases profits as they have more supply to match the demand.

E) This depends on whether or not Carlos has sufficient demand for his products. Otherwise, he would waste large amounts of money on implementing a flow production method and then not have enough demand to sell all of his products, which will therefore cost him even more money in losses.

You deposit $1,500 in a bank where you have a savings account. The bank
pays you an interest of 5% per month. But later, the bank reduces the
interest rate from 5% to 3%, and that reduces your interest earnings from
$75 to $45.
What kind of risk explains the given situation?

Which statement best describes a recession?

A. More people are unemployed, causing more competition for jobs.
B. The prices of goods make them too expensive for people to buy them easily.
C. People cannot afford to buy goods because competition leads to higher prices.
D. A large number of people are unemployed and have decreased spending power.

If you were pitching the idea for this product, what would you say?

Can some please explain what a core feature is for business class

what is the importance of identifying target markets?​

Additional Information Check No. 5904 is correctly drawn for $2,090 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,060. The NSF check shown in the statement was originally received from a customer, S. Nilson, in payment of her account. Its return has not yet been recorded by the company. The credit memorandum (CM) is from the collection of a $1,500 note for Chavez Company by the bank. The bank deducted a $15 collection expense. The collection and expense are not yet recorded.

Why do you think it is better for the industry to advertise its product through magazine than newspapers.Give two reasons

(Zaxbys)
select all the salads that are made with regular zalad base x (check all that apply).
Answer choices:fried caesar, buffalo blue, grilled caesar, blackened blue, grilled house, grilled cobb, fried house, fried cobb ​

The game hides the amount of cookies-per-second a new "vendor" (the grandmothers, the cookie farm, the mines, etc.) will grant you until you have purchased your first unit of that upgrade. How did that affect your strategy? How is that similar or different from what real businesses confront when creating a business plan?

what are some economic concerns that may need to be addressed in the future?