conventional costing system for their production of valves. The conventional costing system is used to trace and as well as to accumulate all of the direct costs and then disseminates the indirect costs of a manufacturing process. And so in this case‚ it is known that Mahir Industrial’s conventional costing system is used firstly‚ in order to find out every manufacturing department’s product costs. Besides that‚ the company’s direct cost consists of valves‚ pumps and as well as flow controllers
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Chapter 11 Use the following to answer questions 1-2: Table: Barrels of Oil Barrel of Oil Produced 1 2 3 4 5 6 7 8 9 10 Total Revenue $50 100 150 200 250 300 350 400 450 500 Total Cost $4 10 21 38 61 90 126 176 266 390 Price $50 50 50 50 50 50 50 50 50 50 1. (Table: Barrels of Oil) Refer to the table. How many barrels of oil should the company produce to maximize profit? A) 6 B) 7 C) 8 D) 9 2. (Table: Barrels of Oil) Refer to the table. What is the marginal revenue of producing the fifth barrel
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Case Study Ans.to the question no.1 Economy is central to an understanding of the problems because economy gives us a clear view about the problems ‚related to economic development such as problems of widespread poverty‚ rising unemployment‚ extreme income inequality etc. Ans.to the question no.2 The concept of the developing world is useful to identify the difference between the development and undevelopment.Developing countries are countries which
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Tanglewood Case 1: Tanglewood Stores and Staffing Strategy Introduction: Tanglewood has experienced success and very fast growth over the years‚ due to the involved efforts of its founders‚ its core workforce and strategies around participative style of management. This report looks at the Tanglewood strategy and goals for the future‚ the two key elements of staffing decisions‚ namely staffing levels and staffing quality‚ to come up with recommendations on these elements which will help Tanglewood
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HOW ATTRACTIVE IS THE INDUSTRY ? An attractive industry with a high average return on investment will be difficult to enter because entry barriers are high‚ suppliers and buyers have only modest bargaining power‚ substitute products or services are few‚ and the rivalry among competitors is stable. An unattractive industry like steel will have structural flaws‚ including a plethora of substitute materials‚ powerful and price-sensitive buyers‚ and excessive rivalry caused by high fixed costs and a
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Case 1: Saffronart.com: Bidding for Success Identify the positive and negative effects of the general environment faced by Saffronart.com. Positive: India has become an international business major power of country now. Local works of art more popular in the international market‚ not only in India or the United States; it extends the size of the population may be interested in Saffronart art sales geography in the world. In economic areas: global positive macroeconomic trends‚ promote the
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Assignment Case 4-1‚ “Red Spot Markets Company”‚ page 72. Answer all 8 questions. Please review the case thoroughly and do not split the work among group members. Everybody should have answers for all questions and share them with the team in group discussion area‚ and then try to integrate all answers into one report from the group‚ in a Word file. Name the file as “Group No.- Week No.” for example: “Group 3-week 3” This assignment is due at the end of week 3(Sunday‚ 11:59 pm) Assignment
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the company will have to downsize. What are the factors that are forcing the company to make that decision? (10 marks) Stonewall Industries is impacted greatly by the external environment‚ and as such downsizing is a way for the organization to continue to survive during times of decreased demand. There are a number of external factors that have lead Stonewall Industries to consider the option of downsizing. The main cause of Stonewall’s concern’s stemmed from the fact that “Housing starts had stagnated
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Case #1: Movies Why aren’t you going to the movies? No good movies Too expensive Bad experience Other ways to see movies Better things to do for the $ Better experience at home What would make you go back to the movies? Lower ticket price Food/beer Group discount Cheaper Loyalty/Reward Older movies Marketing (limited) Better location Better seats Better technology Better plots/TV Content Hit Books make movies from those No Ads Better Customer Service Tell people to be quiet if they are loud
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lawrencelkh1989@gmail.com | * Unit name | * Strategic Marketing 310 | * Unit code | * 3900 | * Assignment title | * Case Study One | * Date submitted | * 8th of April 2013 | * | * | * | * | * Marker’s comments | * | * Recorded mark | * | * Marker | * | * Comments | * | Question 1. What competences has IBM had to invest in arising from its transformation from a ‘product-centric’ to a ‘service-centric’ organization
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