Decisions making and profit maximization, Operation Management

Question 1.

It is often said that profit maximization is the sole objective of business conduct. Do you agree with this view? Justify your answer using at least one example / case study from the Greek economic reality.

Question 2.

In your opinion, can the CEO of a company take decisions relying on the information he gets from the firm's production function? Justify your answer.

 

 

Posted Date: 2/15/2013 2:03:45 AM | Location : United States






Your posts are moderated
Related Questions
Theory of Constraints in a Company The XYZ Group is one of the largest landscaping companies in the United States. Sixty per cent of the business is landscape maintenance; the

You put your operations intern on the case, and she provided you with the following information: • The clinic generally sees two types of patients: simple and complex. • The

A firm that operates 300 days in a year and uses a level material usage approach has collected the following data: Annual Demand = 30,000; Daily Demand = 100; Daily production= 300

1.What purpose do they serve under a performance management system? 2.Performance appraisals are they necessary or not? 3.What to do if an performance appraisal is unsatisfac

In the table given below the Distribution Manager is expected to service these DCs as per the demands placed. If the actual sales after completing week one is as follows, what woul


What is Grapevine? Ans: Grapevine is an informal communication system.

After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine

Explain work study as a management tool. Work Study as a Management Tool: Work study checks the work done in an organization and this aims at finding the best and most effici

#questionSpencerville Products is expanding its operations west of the Mississippi. Its first step is to build a manufacturing facility in Denver to satisfy demand on the West Coa