Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

The following appeared as part of an annual report sent to stockholders by Olympic Foods, a processor of frozen foods: “Over time, the costs of processing go down because as organ- izations learn how to do things better, they become more efficient. In color film process- ing, for example, the cost of a 3-by-5-inch print fell from 50 cents for five-day service in 1970 to 20 cents for one-day service in 1984. The same principle applies to the processing of food. And since Olympic Foods will soon celebrate its 25th birthday, we can expect that our long experience will enable us to minimize costs and thus maximize profits.”

a. what do we call this argumentation scheme?

b. what are the critical questions to decide whether this argumentation is sound?

c. Is this argumentation sound?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92522053

Have any Question?


Related Questions in Operation Management

Learning outcome - justify roles of leaders followers and

Learning Outcome: - Justify roles of leaders, followers, and teams, and their influence on the culture and performance of an organization are addressed through the analysis of key organizational behavior. Critical Thinki ...

What challenges did zara focus on supply chain efficiency

What challenges did Zara focus on supply chain efficiency create? Are all such systems setimed to suffer such growing pains? Describe business analysis transition requirements. Describe in two or three sentences why you ...

Feasibility analyses and business plans please respond to

Feasibility Analyses and Business Plans Please respond to the following with a 250-300 word response: Develop an idea for a new business and conduct a feasibility analysis. Please be as creative as you like in the develo ...

Jcx ltd operates in a highly competitive market and is

JCX Ltd operates in a highly competitive market and is involved in the production of parts for the farming industry. It has plants in Auckland, Wellington, Christchurch and Dunedin. One of its plants, the Wellington Plan ...

Read the case entitled should us imports of prescription

Read the case entitled, "Should U.S. Imports of Prescription Drugs from Canada Be Widened" at the end of Chapter 7. Then, answer the following questions: Should the United States legalize the importation of lower cost ph ...

1 what do you understand to be the difference between

1. What do you understand to be the difference between "advertising" and "propaganda”? 2. What professional items do you still need to develop to fully balance your brand? 3. A legal contract, to be enforceable, consists ...

Explain the size growth and direction of foreign direct

Explain the size, growth, and direction of foreign direct investment. Explain some of the theories of foreign direct investment and supplement why your favor a specific type of direct investment. Posts should be written ...

1 whatever the product the price has always been a real

1. Whatever the product the price has always been a real determinant for the future of the company. The value of a product depends on the demand of this product that has a positive or negative effect on the price 2. An a ...

1 is uber an ethical company why or why not2 what is your

1. Is Uber an ethical company, why or why not? 2. What is your opinion on the future of Uber? 3. Would you invest in Uber? Why or why not?

You are advising a privately held corporation they have

You are advising a privately held corporation. They have employees for which they want to create incentive-aligning compensation. Because the company is not traded, there is concern about avoiding costly appraisals. They ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As