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Ohm Control Systems is a large manufacturer of control systems for the electrical power generation and distribution industry. Over the past few years, Ohm has watched overseas competitors take away market share with products that are priced lower and that, at the same time, have a reputation for better reliability. The company is not in a dangerous position yet, but the board of directors wants to see a concerted effort to improve the company's competitive posture. Among the senior management, two factions have developed: faction 1, which supports TQM, and faction 2, which supports ISO 9000.1.Assume that you are siding with faction 1. List the arguments for implementing TQM, and justify them. 2.Now assume that you are siding with faction 2. List the arguments for ISO 9000, and justify them. 3. Compare the arguments of the two factions. Which faction would you like to be with? Justify your choice.
What is a minimum monthly rent required to make this investment economically acceptable if the company's minimum attractive rate of return is 6% per year, compounded monthly?
At what level of output will this firm maximize profit. Elucidate what is the level of profit for every unit of output produced at equilibrium.
Social Security has revenues of $1.8 trillion and expenditures of $1.3 trillion. The nonsocial Security budget has revenue of $2.1 trillion and expenditures of $2.4 trillion. In recent years government debt grew much faster than GDP. Conservative eco..
What is a characteristic line? How is this line used to estimate a stock's beta coefficient? Write out and explain the formula that relates total risk, market risk, and diversifiable risk.
Burning coal to generate electricity can create pollution. If the market for generating electricity is competitive and is allowed to operate without any government intervention, is the equilibrium quantity of coal burned equal to, more than, or less ..
Sue, of Sue's Sandwiches, sells sandwiches and soda from a sidewalk cart in a popular park near her home. She sets up her rented cart in the summers to raise money for college. Last month she sold $3,000 worth of product (sandwiches and sodas) to 300..
At December 31, 2013 and 2012, G Co. had 66,000 shares of common stock and 6,500 shares of 8%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2013 or 2012. Net income for 2..
If you wanted to assess the competitiveness of a country, would you focus on its spot exchange rate, its real exchange rate, its effective exchange rate, or some other measure of the company's currency's value? Explain
Consider the BP oil spill that spawned a heavy public relations campaign after beaches were closed and wildlife was affected. write a two- to three-page paper that answers the following questions: Did BP use a proactive or reactive strategy? Explain ..
Can you share the economic development strategies also quote some examples of Elucidate how Singapore also US use them.
Throughout much of the 1970s, the United States experienced rising energy prices. Assume that the US economy was in long-run equilibrium before these increases began. Use the aggregate demand- aggregate supply model to illustrate graphically the shoc..
For a business that sells a product for which there are many close substitutes,
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