Your firm has expertise with a special type of hand-finished furniture. The learning curve is known to be 82%. If the first piece of furniture took 6 hours, how long will it take to make the second? How long will it take to make the fourth?
What will be an ideal response?
Use the doubling approach. The second will take 0.82 ? 6 = 4.92 hours; the fourth will take
0.82 ? 0.82 ? 6 = 4.03 hours.
Business
You might also like to view...
Business Buyer decisions can range from routine to incredibly complex, involving only a few or very many decision-makers and buying influences. There are three major types of buying situations that businesses adopt. The modified rebuy buying decision is a situation wherein the buyer modifies product specifications BUT leave prices, terms, and suppliers the same.
Indicate whether the statement is true or false.
Business
The objective of Pancultural analysis is to assess the comparability of findings from one country to another
Indicate whether the statement is true or false
Business