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Your company has a market share of 25%. The total market size is $100 million. Your contribution margin (the ratio of the contribution per unit over the price per unit) is 20%. Your variable cost is $16 per unit. You are thinking of hiring 10 more salespeople. The annual cost per salesperson (including salary and benefits) is $120,000. In addition, each salesperson receives as a bonus 10% of the sales he or she generates. How much should your market share increase to make this a profitable action? (Hint: To solve the problem you need to calculate the price per unit and then calculate the new contribution per unit that will reflect the added cost of the 10% bonus given to the salespeople.) You must show all calculations to receive credit
Identify MNEs whose operations reflect each of those management strategies. Then discuss the ways in which organized labor can possibly affect (or has affected) their pursuit of those strategies.
Should ethical considerations be included in analyses of an organization's internal also external environments. Explain why or explain why not.
Why and how are the following an integral part of the strategic management of an organization, i.e., strategic planning, strategic execution, and strategic control.
What are the essential differences among the relationships of principal and agent, employer and employee, and employer and independent contractor?
Describe why each of these may be considered errors. Discuss how you should avoid each of these errors being a health care manager
Discuss some (at least two) of the consumer protection laws that exist in the United States. What areas do the Department for Consumer Protection cover and discuss the pros and cons for the establishment of this agency.
What motivates people in each level of Maslow's Hierarchy? Provide an example of what could be done to move a person to a higher level of the hierarchy within your work group.
Customers arrive at Paul Harrold's Styling Shop at a rate of 3 per hour, distributed in a Poisson fashion. Paul can perform haircuts at a rate of 5 per hour, distributed exponentially. Find the average number of customers waiting for haircuts.
Here, you are asked to select a business of interest and develop QA best practices that can be developed and implemented to increase revenues and/or to decrease costs
Although ERP (Enterprise Resource Planning) Systems are a great concept. Implementation of such systems have a high rate of failure and often after such systems are installed the results may not be as desired
Identify three principles of leadership from this chapter that you think would be most important to include in the training for supervisors in a customer care company.
Phelps Petroleum Company must decide between two methods of processing oil at a refinery. Method 1 has fixed costs of $22000 for depreciation
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