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The Hickory Cabinet and Furniture Company has decided to concentrate on the production of chairs. The fixed cost per month of making chairs is $7,500, and the variable cost per chair is $40. Price is related to demand according to the following linear equation:
v = 400 - 1:2p;
Where v is the demand and p is the price. Develop the nonlinear profit function for this company and determine the price that will maximize profit,the optimal volume, and the maximum profit per month.
Identify technologies we covered that can be used as part of a CRM strategy and discuss its applicability to the Fresh Foods grocery store we reviewed as a case study.
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The first unit took 85 hrs to produce. Depend on past experience with manufacturing similar units, Cambridge estimates that the learning rate is 93 percent. Elucidate how long will it take to produce the 5th unit.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Inform top management of the concerns expressed by the employees and design a set of recommended steps that management can follow to deal with the challenges of downsizing.
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