440 Case 2 – Application Controls a) A sales person should not be able to change the selling price of products without management authorization. Each time a product’s price is reduced beyond its sales price the manager should have to physically come up to the register and authorize the transaction. If the company implemented this segregation of duties control the salesperson could not get away with reducing the price of products to increase gross sales. b) A manager or someone else of authority
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has found that an increase in the unemployment rate will cause a lack of consumer spending in their stores. Retail stores use the unemployment rate to estimate how much inventory to keep at their stores‚ which is important in maintaining cost effectiveness. In this consultant role you will apply calculations and research to create a predictive sales report. Part I Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual 1948 3.4 3.8 4 3.9 3.5 3.6 3.6 3.9 3.8 3.7 3.8 4 3.75 1949 4.3 4.7 5 5
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Advantages of Sales Promotion Sales promotions have a significant effect on the behaviour of consumers and trades people. Such promotions can bring in more profits for the manufacturers because they permit price discrimination. 1. Price discrimination: Producers can introduce price discrimination through the use of sales promotions. They can charge different prices to different consumers and trade segments depending on how sensitive each segment is to particular prices. Coupons‚ special sales events
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Response to “Organs for Sale” “Organs for Sale” is an argument written in response to the on-going ethical debate of a market-based incentive program to meet the rising demands of organ transplants. With many on the waiting list for new organs and few organs being offered‚ the author‚ Sally Satel‚ urges for legalization of payment to organ donors. Once in need of a new kidney herself‚ Sally writes of the anguish she encountered while facing three days a week on dialysis and the long wait on the
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flexible leadership styles‚ motivation‚ empowerment‚ creativity and innovation to drive maximum performance. The core of leadership today is the art of mobilising and putting together the intellectual resources of all employees (i.e. skills‚ knowledge and experience) of the organisation to maximise productivity. Most organisations are experiencing the challenges of understanding that leadership styles do have a significant impact on performance and employee motivation. This study investigates
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OPERATİON MANAGEMENT BENCHMARKİNG TABLE OF CONTENTS 1. INTRODUCTİON 2. WHAT IS BENCHMARKING? 3. TYPES OF BENCHMARKING AND LİMİTATİONS 4. COSTS İN BENCHMARKİNG 5. CRITICISMS OF BENCHMARKING 6. ETHICAL PRACTICES CONCERNING BENCHMARKING 7. XEROX CORPORATION 8. CONCLUSION 9. REFERENCES 1. INTRODUCTION It is often stated that those who benchmark do not have to reinvent the wheel. By following others one can make improvements and not focus on stale ideas
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Sales and Inventory System For Snack – a – holic A Project Presented to The Faculty of STI College-Global City In Partial Fulfilment of the Requirements for Theory of Database and System Analysis and Design By Corpuz‚ Clarence S. Mahusay‚ Cheyene H . Manalili‚ German L. Sta. Ana‚ Gelene C. Mr.Joselito Oyao Project Adviser Table of Contents 1. Introduction I 1.1. Background of the Study 1 1.2. Business Rules 2 1.3. Statement
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1.0 Introduction Sales and Inventory System is a computer based way of checking and auditing of the sales of the company‚ it is faster and more reliable rather than doing manually. The system can lessen errors in editing and can be easily accessed any time by the company. Sales and Inventory System makes the company more productive‚ efficient‚ and convenient to the company and its customers. The system is meant to help the company show more relevant items to the customers‚ hoping to expedite
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ways which are 10-oz aerosol and 6-oz fogger and they account for 66% and 34% of total sales in test market respectively. From the first part of table 1‚ the weighted average unit price and contribution for the product are calculated as $3.02 and $1.66‚ which means that the expense $1‚478‚000. It seems that it is not wise to introduce the product into a larger market which covers 19 cities‚ but a forecast of the sales and profit of the 19 cities market is necessary. Table 2 shows the result of forecasting
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The Sales and Inventory System is creating a web-based system. Advanced system on sales provide more reliable recording of sales of the company with comparison to its actual cost. Sales and inventory makes the company more productive‚ efficient and convenient to the company and its client. The system is meant to help the people show to their customers more relevant items‚ hoping to expedite and increase the sales and most importantly to increase the profit of the company. With the aid of sales and
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