The Economy and Production below and respond to the questions. Businesses are confronted with economic challenges that pertain to the business cycle. During expansionary periods, businesses are pressured to increase the number of variable inputs (such as employees and raw materials) to meet short-term demand. At some point, however, a company must consider expanding other factors of production (such as equipment). Managers can use capacity planning to meet economic challenges during the business cycle.

What could be three operational (short-term) challenges that Jim will need to plan for?
Response:

b. What could be three strategic (long-term) decisions that Jim could make to increase the rate of output during a prolonged expansionary period.
Response:

What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Aproduction line has three machines a, b, and c, with reliabilities of .96, .86, and .85, respectively. the machines are arranged so that if one breaks down, the others must shut down. engineers are weighing two alternative designs for increasing the line’s reliability. plan 1 involves adding an identical backup line, and plan 2 involves providing a backup for each machine. in either case, three machines (a, b, and c) would be used with reliabilities equal to the original three. a. compute overall system reliability under plan 1. (round your intermediate calculations and final answer to 4 decimal places.) reliability b. compute overall system reliability under plan 2. (round your intermediate calculations and final answer to 4 decimal places.) reliability c. which plan will provide the higher reliability? plan2plan1