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A job shop receives an order for high precision formed parts. The cost of producing each part is approximately $20,000. The customer requires that either 4 or 5 good parts be supplied. Each good part sold will yield $30,000. However, if fewer than 4 good parts are produced, none will be purchased. The probability of an individual part being acceptable to the customer is .80. Determine the optimum batch production quantity given that the job shop has agreed to supply the formed parts. Is the situation a profitable one for the job shop? If not, how must the selling price be changed for the expected profit to be positive?
Describe the sentence "The world economy is globalizing at an accelerating pace"
Explain why operational efficiency is so important to Net Income, Return on Capital and Income.
How is the activity of listening impacted by the particular situation?
Discuss the following theory: The study of global business is relevant if you work or plan to work in a large multinational company, but it has little or no significance for indivi
Question 1: Change is often resisted because of the uncertainty and ambiguity it creates, the concern that it might not be in the organisation's best interest. (i) Discuss
Illustrate the strategic positioning tools? Strategic positioning tools according to Reck and Long: • Passive (as clerical and transaction based) purchasing functions only o
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value chain analysis
Discuss how ethical organizations are created through ethical leadership and organizational structures and systems.
1 Address the following questions and concepts: 1) Describe one attribute or capacity of servant leadership and explain how and where you might apply this pri
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