Q: 3 (A) What factors must a firm consider while addressing the make or buy decision? Ans: International Operations management and corporate strategy: Operations management of an International business needs to be integrated with the firm’s corporate strategy. The central role of operations management is to create the potential for achieving superior value for the firm. If operations management takes Rs. 100 worth of inputs and brings out product worth Rs. 150‚ it has crated considerable value
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3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analysis in decision making 5. Explain how sensitivity analysis helps managers cope with uncertainty 6. Use CVP analysis to plan variable and fixed costs 7. Apply CVP analysis to a company producing multiple
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Essential Graphs for Microeconomics Basic Economic Concepts ( Production Possibilities Curve Nature & Functions of Product Markets ( Demand and Supply: Market clearing equilibrium (Floors and Ceilings (Consumer and Producer Surplus (Effect of Taxes Theory of the Firm (Short Run Cost (Long Run Cost
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Description: The Intel Essentials Course is a worldwide initiative to provide teachers with the skills to effectively integrate technology into existing curriculum to improve student learning. Course Themes: • Using technology effectively in the classroom to promote 21st century skills • Identifying ways students and teachers can use technology to enhance learning through research‚ communication‚ collaboration‚ and productivity strategies and tools • Providing hands-on learning and the creation
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Within the following essay‚ the three main Strategic approaches in Human Resource Management will be named and explained. Due to its complexity giving a detailed definition of HRM would significantly extend the report. Instead‚ a rather shallower one by D. Torrington‚ L. Hall and S. Taylor in the seventh edition of their Human Resource Management (2008): They state that “On the one hand it is used generically to describe the body of management activities” and continue that; “Used in this way HRM
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Return on Investment (ROI) and Total Cost of Ownership: A Comparison Introduction When a business decision is made to make an investment‚ the need for metrics arises to decide the profitability of the investment. These metrics can be measured before an investment is made to gain an insight into expected returns or they can be measured at regular intervals‚ (quarterly or yearly) to analyse the profitability of the investment. There are quite a few metrics that are used to calculate profitability
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Introduction Good food is a basic requirement for the human body. It is of prime importance in the attainment of normal growth and development. Food not only satisfies the appetite but aids in the maintenance of all body processes and supply essential energy required for maintaining body temperature and activity. In the role of nutrition‚ food cannot be neglected in the promotion of health and prevention of disease .The understanding of these concepts in addition to the basics of proper nutrition
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Essentials of American Government: roots and reform Chapter One: The Political Landscape Roots of American Government: What Are They and Why Are They Important? A Government is the formal vehicle through which policies are made and affairs of state are conducted. Governments are often a result of trial and error‚ experiment‚ compromise‚ and sometimes bloodshed. A Citizen is a member of the political community to whom certain rights and obligations are attached. Politics is the study of
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Essay about the types of programs available to parents in the Low Socio-economic bracket. In today’s society‚ there are people who are affluent‚ people who are well-off and people who are poor. The affluent and the well-off are usually held in high regard while the poor are looked at with disdain. They poor are those people who are in the Low Socio-economic Status bracket. They sometimes cannot afford the basic necessities to sustain their lives
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Prioritizing Climate Change Adaptation Needs for Food Security in 2030 David B. Lobell et al. Science 319‚ 607 (2008); DOI: 10.1126/science.1152339 If you wish to distribute this article to others‚ you can order high-quality copies for your colleagues‚ clients‚ or customers by clicking here. Permission to republish or repurpose articles or portions of articles can be obtained by following the guidelines here. The following resources related to this article are available online at www
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