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A company modifies production automobiles to create custom hybrid vehicles for the high-end auto enthusiast market. They develop and build these custom designs as a single unit or at times in multiples of as many as 20 for larger orders. The orders are generated by the marketing department with help from the owners who participate in the management of the company. Each new order is assigned to a project team, which starts by making an estimate to the customer before a contract is signed. The project teams have a great deal of experience in these projects.
As would be expected, the owners are hands-on and have opinions on the estimates. The marketing folks also provide suggestions on what the customer is willing to pay.
What are some processes and techniques that you would suggest to make the budgeting process work well? Start with general but also provide some specifics as relate to creating detailed project budgets. Be sure to justify why you think your recommendations will work
The I-10 Carpet Outlet wants to develop a means to forecast its sales. The store manager believes that the store's sales are directly related to the number of new housing starts in town.
Compare and contrast the different kinds of costs in carrying inventory and what role the inventory turnover ratio has in determining those costs. Then think about a product(s)
There are approximately 300 customers shopping in Fackert Department Store in Mexico City between 9 a.m. and 5 p.m. on Saturdays. All those entering the store will make purchases.
Assuming that the probability of a customer waiting more than "X" seconds is 67.36%, determine, with the help of the normal distribution table, the value of X.
Identify and describe a current situation, within your current or former organization, where the challenges of the process of change.
Semans is a manufacturer that produces bracket assemblies. Demand for bracket assemblies (X) is 135 units.
Define departmental processes, enterprise processes, and inter-enterprise processes. Describe their characteristics.
Find one scholarly journal article reporting on one or more of the following techniques: business/predictive analytics, dashboards, decision support systems, supply chain management.
What are the benefits of working for someone else? What are the advantages of being part of a company or agency that is established? Explain.
George has a standard, unendorsed personal auto policy (PAP) with coverage for collision loss( with $ 500.00 deductible) and other than collision loss
A new job F will arrive on the 8th day. The processing time for job F is 5 days. On which day (from present time) job F will be completed?
How many prospective customers would have to be queried for Luxor to be 90 percent certain that its estimated proportion was within five percent of the true value?
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