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Chapter 6: Learning Objectives You should be able to: Explain the strategic importance of process selection Describe the influence that process selection has on the organization Compare the basic processing types Explain the need for management of technology List some reasons for redesign of layouts Describe the basic layout types, and the m...

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Can We Talk? Verbal communication use of any linguistic symbols—spoken, sign, or written language—to accomplish message goals What Is a Verbal Style? Verbal style our particular choice of words, phrase or sentence arrangements, and the formality of expression we use

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Why Is Free Trade Beneficial? Free trade - a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country trade theory shows why it is beneficial for a country to engage in international trade even for products it is able to...

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BARRIERS TO ENTERING A MARKET PRODUCT DIFFERENTIATION ECONOMIES OF SCALE CAPITAL REQUIREMENTS ACCESS TO DISTRIBUTION CHANNELS COST DISADVANTAGES UNRELATED TO SIZE GOVERNMENT POLICY

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Bad News Message Usually in the Indirect Order Bad news is received more positively when preceded by explanation. Cushioning the bad news shows consideration for your reader’s feelings. But exceptions can be made When the message will be routinely accepted When you know frankness is wanted

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Learning Objectives Identify the types of firms or operations for which a process costing system is most suitable Explain and calculate equivalent units produced Describe the five steps in process costing Demonstrate the weighted-average method of process costing Demonstrate the FIFO method of process costing

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Learning Objectives LO 6-1 Identify the characteristics of a probability distribution. LO 6-2 Distinguish between a discrete and a continuous random variable. LO 6-3 Compute the mean of a probability distribution. LO 6-4 Compute the variance and standard deviation of a probability distribution. LO 6-5 Describe and compute probabilities for a b...

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Supplement 5: Learning Objectives You should be able to: Describe the different environments under which operations are made Describe and use techniques that apply to decision making under uncertainty Describe and use the expected-value approach Construct a decision tree and use it to analyze a problem Compute the expected value of perfect in...

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FOUR STEP PROCESS RANK YOUR BEST CUSTOMERS MAXIMIZE REVENUES THROUGH COLLABORATION EFFORTS DEVELOP SPECIFIC PRODUCTS FOR EACH CUSTOMER LEARN OF SPECIAL NEEDS FROM YOUR CUSTOMER’S CUSTOMERS

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Preliminary Assessment Determine the reader’s probable reaction – positive, neutral, negative If positive or neutral, directness usually recommended If negative, indirectness usually recommended

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