Mr Ajay is the divisional manager of ABC Tea Ltd. For some time since past a restriction has been imposed on export of tea. It is evident that the company's export business depends on the Government policy. Recently there has been a change of Government in the centre. As soon as the new Government took over, it removed the restriction imposed on the export of tea. With the coming of this news the division under Mr Ajay heaved a sigh of relief.(a) The change of Government is having its impact on the two dimensions of Business Environment. Identify them.(b) Identify one of the characteristic of 'Business Environment' described.(2 marks) *

Atoy manufacturer makes its own wind-up motors, which are then put into its toys. while the toy manufacturing process is continuous, the motors are intermittent flow. data on the manufacture of the motors appears below. annual demand (d) = 50,000 units daily subassembly production rate = 1,000setup cost (s) = $85 per batch daily subassembly usage rate = 200carrying cost = $.20 per unit per year(a) to minimize cost, how large should each batch of subassemblies be? (b) approximately how many days are required to produce a batch? (c) how long is a complete cycle? (d) what is the average inventory for this problem? (e) what is the total annual inventory cost (holding plus setup) of the optimal behavior in this problem?

If a team of three workers, each making the u. s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.