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Ski Boards, Inc., wants to enter the market quickly with a new finish on its ski boards. It has three choices: (a)refurbish the old equipment at a cost of $800, (b) make major modifications at the cost of $1,100, or (c) purchase new equipment at a net cost of $1800. If the firm chooses to refurbish the equipment, materials and labor will be 1.10 per board. If it chooses to make modifications, materials and labor will be $0.70 per board. If it buys new equipment, variable costs are estimated to be $0.40 per board. 1) Graph the three total cost lines on the same chart. 2)Which alternative should Ski Boards, Inc., choos if it thinks it can sell more than 3000 boards 3) which alternative should the firm use if it thinks the market for boards will be between 1000 and 2000.
What is the effect of a compensation package (benefits, salary, nonfinancial) on employee motivation and satisfaction? Use examples.
Why is environmental analysis important for an organization?
What are the total annual holding and ordering costs associated with your recommended EOQ? What is the cycle time?
When is the best time to promote? Is there seasonality in the market? Are there any wider environmental issues that suggest or dictate the timing of your market launch, or the timing of subsequent promotions?
The following diagram describes a process that consists of eight separate operations, with sequential relationship and capacities (units per hour) as shown:
Just-in-Time as a continuous process improvement program details seven wastes that take away from the profitability and efficiency of a company. Discuss examples of each of these seven wastes.
Jason Trevor owns a commercial bakery in Blakely, Georgia, that produces a variety of goods sold in grocery stores. Trevor is required by law to perform internal tests on food produced at his plant to check for contamination.
Distinguish between customer value, satisfaction and quality.
What types of decisions common to manufacturing firms does Amazon make? What types of decisions common to service firms?
A local nursery, Greens, uses 1560 bags of plant food annually. Greens works fifty-two weeks per year. It costs $10 to place an order for plant food. The annual holding cost rate is $5 per bag. Lead time is one week.
The tennis club has a number of inventories it must manage and must minimize all its expenses to stay in business. For each inventor, describe a goo management policy or system:
Explain the elements of valid contract, and describe how consumers and banks each have a duty of good faith and fair dealing in the banking relationship.
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