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ABC's president believes there is substantial competition for this type of pump, and that price is a significant factor in potential customer's purchase decision. He estimates that the company will sell 3,600 pumps (unit volume or UV) if they are priced at $100, and will sell 2,900 pumps if they are priced at $110. He wants to know what contribution to profit (CP) would result from each of those two selling prices, and thus which is the better price.
Analyze this operations management issue.
Provide the algebraic equation (using CP, UV, P, and VC as variables) for this analysis.
Calculate and provide the numeric contribution to profit (in dollars) for each of the two price points.
There are different types of total quality management (TQM) tools that can be used in quality management. These tools are useful in analyzing data and determining the methods of improving the quality process for an organization.
1. compare and contrast the differences and similarities between cpm and pert. support your position with one 1
Find a current article from Huffington Post Infographics that includes an infographic and enter the text from the associated article into Wordle. (Note: Make sure the infographic has an associated article with it.)
Explain Amazon's strategy for slow moving, low-volume products and fast moving, high-volume items.
MI6's Q Branch is developing a new ultra dry martini. The martini is a mixture of vodka plus three liquid ingredients: A, B, and C.
Describe ways that managers can process the information they collect.
ABC Co. can manufacture a subcomponent at the rate of 500 per day when required. Its annual demand for this item is 60000 units. Assume 250 working days per year. Holding cost is $15 per unit per year. Set-up cost is 500 per set-up. find Economic pro..
Identify and explain in detail at least three challenges that supervisors may face in a leadership role. Are organizations considering new ways of supervising and leading employees in 2016 due to changes over the past few years? Should companies reco..
Discrimination on the basis of sexual preference or sexual identity: When a person believes she or he has been the victim of discrimination covered by Title VII, the first step is to file a complaint with the federal or a state equal employment oppor..
The first section of the chapter reviews the most important issues an entrepreneur should consider in choosing a form of ownership. Based on your personal preferences and your planned business, Briefly discuss each one significant concerns. How would..
Bethesda Hospital has recently developed an occupational medicine program. It wants to target employers in the Baltimore metropolitan area. The director of the program has a range of services within this program, including toxicology assessment, Sugg..
The McDonald’s fast-food restaurant on campus sells an average of 3,200 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 540 pounds of hamburger in stock. Assume that the hamburger pattie..
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