To prevent gasoline prices from having devastating effects on the economy it has been proposed that all gasoline prices in the United States be fixed at the average price for the last two years. For simplicity it will be assumed that this price is $2.50 per gallon. When equilibrium prices are under $2.50 per gallon the excess payments will be kept in a government fund. When retail prices exceed $2.50 per gallon money from this fund will be distributed to pay the difference. Do you think that this
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Definition of Productivity Productivity: Definition Productivity is the relationship between the outputs generated from a system and the inputs that are used to create those outputs. Mathematically P = O I PRODUCTIVITY is a broader concept that pertains to effective use of overall resources. One of the primary responsibilities of an operations manager is to achieve PRODUCTIVE USE of an organization’s resources. Systems Concept inputs Land people capital facilities equipment tools energy
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Question1. Describe the concept of vision in an organisation with example. How is it different from mission statement ? A vision statement is a vivid idealized description of a desired outcome that inspires‚ energizes and helps you create a mental picture of your target. It could be a vision of a part of your life‚ or the outcome of a project or goal. Vision statements are often confused with mission statements‚ but they serve complementary purposes. Examples of vision statement The nature
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Productivity bargaining is a process that employers and employees enter into in order to increase the overall efficiency and productivity of the business. This type of negotiation is almost always seen in factory or construction work‚ although it may also be present in the film industry and other heavily regulated workforce areas. It is rarely used in service industries where specific types employee labor are not required. A form of collective bargaining leading to a productivity agreement in
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house to sort our your computer problems. Geek Squad employees‚ “agents‚” wore simple black and white uniforms with a Geek Squad logo and drove black-and-white Volkswagen Beetles‚ or Geekmobiles. They charged fixed prices‚ regardless of how much time was spent fixing the problem. The prices ranged from $100-$300 and were for services such as installing networks‚ debugging computers‚ or setting up entertainment systems. In 2002‚ the Geek Squad was purchased by electronics retailer Best Buy for approximately
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Let It Go When people can walk away from you let them walk. I don’t want you to try to talk another person into staying with you‚ loving you‚ calling you‚ caring about you‚ coming to see you‚ staying attached to you. I mean hang up the phone. Your destiny is never tied to anybody that left you. People leave you because they are not joined to you. And if they are not joined to you‚ you can’t make them stay…Let them go. And it doesn’t mean that they are a bad person it just means that their
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Many companies in today’s business world face tremendous pressure from its shareholders to maximize profits. Those companies are forced to find ways to maximize revenues from sales and minimize the costs of doing business. One way to determine the correct pricing for a product would be to use the concept of elasticity of demand. This paper will look at elasticity and the factors that go into calculating it‚ and describe how using elasticity could help Apple Inc. (Apple) maximize its revenue from
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production? (a) Land (b) Labor (c) Capital (d) Natural resources [16 marks] 2. In an exogenous growth model‚ growth is caused by (a) capital accumulation. (b) government policies. (c) human capital accumulation. (d) forces that are not explained by the model itself. [16marks] 3. Suppose that two countries share identical levels of total factor productivity‚ identical labor force growth rates and identical savings rates. According to the Solow model (a) the country with the greater initial
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Essential IT Skils level 2 IPU2 Improving Productivity Using IT Level 2 (Credit value 4) Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document‚ either onto your computer or a disk • Then work through your Assessment‚ remembering to save your work regularly • When you’ve finished‚ print out a copy to keep for reference • Then‚ go to www.vision2learn.com and send your completed Assessment to
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functions are hereunder: Recruitments and Job Specifications Hiring and firing are opposite faces of the coin and for an organization where expansion phase is in progress‚ there are always bright chances for induction of staff rather the deduction but even then sometimes the bitter pills are to be swallowed. Human Resource Department based on the on going expansion and vacant positions‚ invites applications and short list the best stuff for further process. A duty list for each key post is defined and
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