Assignment 1: Operation Decision Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6‚000 units of output per month (working 20 days / month). The daily wage (per worker) is $70‚ and the price of the firm’s output is $32. The cost of other variable inputs is $2‚000 per day. It also tells us that the firm’s fixed cost
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Many attempts in past studies are aimed at solving the transaction crisis and rediscovering the customers. However‚ none of these attempts to solve the transaction crisis have addressed the problem: the deep structure of the standard enterprise logic. To simplify‚ they are only focused on the problem’s symptom‚ but not their cause. According to the analysis that we mentioned on previous studies which lead us raised a question about “is the restructuring of companies from within possible to solve
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Internet‚ innovative marketing methods‚ opportunities for outsourcing with IT support‚ and need for real time on-demand transactions (Consumer demand-related) wanting customization‚ wanting quality‚ diversity of products‚ and speed of delivery‚ and customers becoming powerful and less loyal (Technology-related) more innovations‚ new products and services‚ obsolescence rate is increasing‚ information overload is increasing (Societal) growth of government regulations and deregulation are growing‚ work
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Behavior and Holiday ***** 1. Identify and discuss how holiday decision-making‚ as described in the case‚ is different from the traditional problem-solving model of consumer decision-making. In view traditional decision-making‚ the consumers have been portrayed as ration and risk averse. They often spend much time to research information to solve their problem and have process to decision-making. The research has indicated that decision-making typically entails five steps: Need recognition Information
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Characteristics of customer service Bitner‚ Fisk and Brown (1993) suggest that the major output from the services marketing literature up to 1980 was the delineation of four services characteristics: intangibility‚ inseparability‚ heterogeneity and perishability. These characteristics underpinned the case for services marketing and made services a field of marketing that was distinct from the marketing of products. The literature highlights intangibility as one of the key characteristics of
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27-00502 Karen-Nairobi Phone 0720642305 • e-mail ruthkamau2009@yahoo.com RUTH WAMBUI KAMAU OBJECTIVE To give a whole hearted service in Secretarial Position and to develop my career into an effective Managerial Position. PERSONAL DETAILS Age: Nationality: Marital Status: Gender: Religion : Languages: WORK EXPERIENCE January 2004 to 2009 Safety Surveyors Ltd‚ Nairobi 36Years Kenyan Single Female Christianity English‚ Kiswahili Designation: Office Assistant Responsibilities: Dispatching of mails
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The Decision making process 2.1 Decision making 2 2.2 Rationality in making decision 2 2.3 Importance of decision-making 2 2.4 Limitation of decision-making 2 2.5 Level and types of management decision-making 3 2.6 Ethical issue and decision-making 4 2.7 Types of decision 5 2.7.1 Programmed 2.7.2 Non-programmed 2.8 Group Decision making 6 2.8.1 The Nominal Group Technique 2.8.2 Delphi Group Technique 2.9 The Decision making Process 7
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will need to be taken. References McClave‚ J. T.‚ Benson‚ P. G.‚ & Sincich‚ T. (2011). Statistics for business and economics (11th ed.). Boston‚ MA: Prentice Hall. What is the purpose of using non-parametric tests in operations management decisions? Provide examples of what you look for when conducting these tests. Proper units occur when a statistical variable understudy can signify a ratio or an interval scale of measurement. When an assumption is made on the variability of the distribution
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Financial Accounting 1) Purpose of Financial Accounting is to provide financial information to a) Shareholders b) Board Of Directors c) Tax Authorities d) All Of these. 2) According to the Money Measurement concept‚the following will be recorded in the books of accounts a) Quality Control in Business b) Commission Payable to salesmen c) Extra profits made due to introduction of Budgetory Control System d) All of these. 3) A provision is a a) General Reserve b) pecific Reserve c) Capital Reserve d)
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Building and Consumer Decision Making Lindsey Fosse April 11‚ 2012 The Porsche has always been a niche brand that makes cars for a small and distinctive segment of automobile buyers. “ The Porsche brand was created in 1931 by Ferdinand Porsche the man known for making the original Volkswagen Beetle one of the successful car designs of all time”(Kotler & Armstrong‚2010). Porsche began selling under its own name in the 1950’s‚ but not many cars were sold. The Porsche was considered a car for
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