LECTURE NOTES OPS 5095 ONLINE FORMAT WEEK ONE Welcome to class! In today’s complex and highly competitive business environment‚ it is critical for you to understand the importance of service operations. In a service business‚ operations is truly where the "rubber meets the road". OPS 5095 is an intensive course in which you will learn strategic and tactical views of service operations‚ as well as gain valuable knowledge about important quantitative tools and techniques. This
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WORKING WITH OTHER PEOPLE IN A BUSINESS ENVIRONMENT 1) Describe the sector in which your organisation operates WCBC is public sector‚ which means that it is a not for profit organisation that is mainly funded by the government but is also funded by things such as Council tax‚ fees for car parking and business rates. The department I work in (Assets and Economic Development) focuses on developing businesses within Wrexham. 2) Describe your organisation’s missions and purpose
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MICRO ENVIRONMENT/ INDUSTRY ANALYSIS The environment which is close to business and affects its capacity to work is called micro or operational environment. Industry is a group of companies which offer same or similar product or services. These products and services are close substitutes of each other. It consists of: 1 Suppliers Supplier are the people who supply raw materials and required components to the companies. Increasing prices and reducing the quality of their products are potential
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The Power of Social Media and its Impact on the Current Business Environment The number of internet users has increased over the last decade due to the development of new technologies‚ internet availability and improved connectivity. Various online communications platforms have been invented and are widely used for both personal and business purposes world wide and social networking is the latest communication platform helping people connect to each other across different places. Its introduction
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There has been a gradual change in the mode of packaging for last years.For instance‚ earlier fruits and vegetables were used to be transported in wooden boxes but today cardboard crates are used .This is mainly to reduce the cost. Obviously‚a cardboard crate would cost less than wooden crate. Moreover‚using cardboard crates is more eco friendly than cutting trees and making wooden boxes and supporting an environmental cause helps firms improve their goodwill and eventually their sales. Similarly
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Think back to the first time you ever heard of nature. At one stage or another‚ every man woman or child will be faced with the issue of nature. Remarkably nature is heralded by shopkeepers and investment bankers alike‚ leading many to state that it is impossible to overestimate its impact on modern thought. The juxtaposition of nature with fundamental economic‚ social and political strategic conflict draws criticism from global commercial enterprises‚ many of whom blame the influence of television
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Akhenaten’s experiment with monotheism failed because Answer | A. | it could not compete with Christianity. | | B. | it did not gain the support of the pharaoh. | | C. | the hated and corrupt priesthood endorsed it. | | D. | it had no connection with the Egyptian past. | | E. | its elaborate ritual was too confusing. | Question 2 Mesopotamian agriculture depended on Answer | A. | irrigation. | | B. | slavery. | | C. | the regular flooding of the Nile. | | D. |
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company “Westfleet” based in Greymouth and NIMPL‚ a mussel farm based in Tauranga. Sealord has alliances in Europe‚ Asia and the United States (Sealord‚ 2010).The industry that Sealord operates in is that of the fishing‚ processing and distribution business. Sealord offers frozen and canned seafood. Threat of new entrants It is very hard for a new company to enter the fishing industry. Firstly they must have a great starting capital as they require boats and need to hire people. Secondly the fishing
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various nations make profit from market expansion than limited selling within their own region‚ the importance economic integrations between different state‚ nation and how the importance of global marketing integrates across various countries in business organisation International trade is the exchange of capital goods and services between countries‚ trade that gives rises to countries economy‚ which enhances domestic competitiveness‚ increases on sales and profits. It represents a significant
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CHAPTER 1 THE CHANGING ROLE OF MANAGERIAL ACCOUNTING IN A DYNAMIC BUSINESS ENVIRONMENT Learning Objectives 1. Define managerial accounting and describe its role in the management process. 2. Explain four fundamental management processes that help organizations attain their goals. 3. List and describe five objectives of managerial accounting activity. 4. Explain the major differences between managerial and financial accounting. 5. Explain where managerial accountants are located
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