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Assume that you own and operate a business. Your production this year was based on prior years' experience. You have been left, however, with 100,000 unsold units on hand. You have been selling your product at $5 each and expected the same price for these 100,000 units. You have exhausted all avenues you can think of for disposing of your excess product. You do not have the storage capacity for keeping these units in inventory while you continue production. This morning a giant retail organization contacted you urgently seeking the type of product you produce to fill deficits in their supply. They offer to pay you $3 per unit.
1. How would you assess whether or not you should negotiate? Identify the factors you would consider and the overall rule you would apply.
2. What factors can you readily identify that will affect your negotiation options and outcomes?
3. What unconscious factors might also affect your negotiation performance?
Racer contracted in writing to drive Owner's one-of-a-kind, specially designed championship race car in the Miami 500 Race on July 15 for a fee of $2500.
Determine the sample standard deviation(s) and range (R) for the following data: 7, 9, 2, 0, 1, and 5.
It has a payback period of four years. What Is the simple rate of return on the machine?
Using your calculator you sample some days' demands and estimate that the standard deviation of daily demand is 9 boxes. You also search out these figures
The business firm is no longer just a place where people come to work. For most of the employees, the firm confers on them that sense of belonging and identity-the firm has become their "village", their community.
Calculate the present value of the cash flow stream in problem 2 with the following interest rates.
Having been exposed to introductory material about ergonomics, can you imagine an analytical approach to documenting problem reported by drivers.
Panera Bread's competitors and discuss cons that Panera has with competitor and explain how this cons may be overcome.
Bill of material errors can cause serious problems for MRP system calculations of dependant demands. No matter what forecasting technique is used, the probability of a production forecast being exactly correct is almost zero.
Assume you are the responsible senior executive of a hospital in a city with a population of 30,000 people, located about 50 miles away from a large city
decision variables carefully; write the objective function and all relevant constraints. Use Excel SOLVER to find the optimal solution.
Happy Ten Produces sports socks. The company has fixed expenses of $80,000 and variable expenses of $0.80 per package. Each package sells for $1.60. 1.
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