Tutorial 8 Sourcing & Purchasing Decisions Part A MULTIPLE CHOICE 1. One advantage of outsourcing is that it: a. gives the company a high degree of control over its operations. b. increases the company’s access to state-of-the-art products and processes. c. protects the company’s proprietary designs and processes. d. encourages the development of the company’s core competencies. 2. Which of these is an indirect cost associated with insourcing?
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The purpose of the Chain of Command is to install structure‚ discipline and respect into newer enlisted soldiers. Each branch has its own secretary that assigns forces under their jurisdictions to unify and specific combatant commanders they perform missions and report back to their chain of command. The chain of command starts with the Commander-in-Chief and works its way down to the lowest ranking private in the Army. Within the military‚ the chain of command is a method for leading and communicating
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Elasticity of Labour Demand A firm always incurs a change in labour or capital. It is important for a firm to know the effects on the wage or capital increase since it would help the firm make accurate decisions. A change in wage would make an impact on the firms employment. When there is a wage cut‚ it reduces the price of labour relative to that of capital‚ and now labour is cheaper. However‚ when the wage increase the price of labour increases and the firm would substitute away from labour toward
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DESIGN OF QUESTION PAPER ECONOMICS Class – XII Marks – 100 1. Duration – 3 hrs. Weightage by type of questions Type Number of questions Long answer questions Short answer questions I Short answer questions II Very short answer questions 2. 6 4 3 1 Total Estimated time a candidate is expected to take to answer 36 60 minutes 24 36 minutes 30 50 minutes 10 15 minutes Weightage by content Unit No 1 2 3 4 6 7 8 9 10 3. 6 6 10 10 Mark Unit
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Demand Estimation Demand Curve Estimation ■ Simple Linear Demand Curves ■ The best estimation method balances marginal costs and marginal benefits. ■ Simple linear relations are useful for demand estimation. ■ Using Simple Linear Demand Curves ■ Straight-line relations give useful approximations. Identification Problem ■ Changing Nature of Demand Relations ■ Demand relations are dynamic. ■ Interplay of Supply and Demand ■ Economic
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Supply‚ Demand and Price Elasticity Anjni Kumar Jennifer Marciel Me Mai Nou Yang Rosina Hughey Eco/212 December 14‚ 2010 Zack Zardo Supply‚ Demand and Price Elasticity Consumers and economists use the concept of elasticity to measure how an economic variable responds to changes in another economic variable (Hubbard & O’Brien‚ 2010‚ p. 168). Supply and demand go together and play an important part in price elasticity. “Price elasticity of demand is the responsiveness of the quantity
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Value Chain Analysis Value chain analysis is a method to review all the activities in an organization that contribute to maximizing competitive advantage and customer delight while identifying non value added waste and costs in the value chain process (Walter & Rainbrid‚ 2007). The purpose of this paper is to analyze Amazon’s value chain. Amazon’s mission statement reads as “our vision is to be earth’s most customer centric company; to build a place where people can come to find and discover anything
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and wild animals due to tour activity. For the employees in Thomas Cook Group‚ they experience a tough period‚ since business transformation took place in 2011 and annual performance was not good. These efforts are not enough‚ since it neglected the demand of customers in the background of global recession‚ and a customer investigation is necessary to set up the next
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Chain of Command Communication COM 425 Instructor Robert Strain January 13‚ 2014 Chain of Command Communication In the world of business‚ communication has to exist for any company to meet the goals of employees and of its own. As in the military a chain has been developed so that all troops can understand that flow of communication and authority. This style is known as the chain of command which is defined as: “The order in which authority and power in an organization is wielded
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COLD CHAIN MANAGEMENT FOR MILK AND DAIRY PRODUCTS Standard to Keep Dairy Products Fresh The fast-moving consumer goods (FMCG) and dairy industries can enjoy higher productivity and greater consumer confidence‚ with a standard that will help to ensure that dairy products are kept fresh all the way from dairy farms to supermarket shelves and home refrigerators. The Singapore Standard CP 95:2002 Code of Practice on Cold Chain Management – Milk and Dairy Products was developed for the management
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