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Futura Furniture Products manufactures upscale office furniture for the "Office of the Future." The sales division is comprised of regionally based sales offices made up of sales representatives and regional managers. Sales representatives--who report to the regional managers--conduct direct sales efforts with customers in their regions. As part of the sales process, representatives gather information about likely future orders and convey that information back to the regional managers. Regional managers use that information to create sales forecasts, which are then used as the basis for manufacturing schedules. Sales representatives and regional managers are both compensated on a salary plus commission (percentage of revenue as pricing is centrally controlled). However, a regional manager's commision is adjusted based on regional sales that exceed the forecasted budget. Corporate managers are concerned with one of futura's key products, the "DeskPod." they worry that DeskPod forecasts are inaccurate, causing extreme havoc int he manufacturing process. How are the forecasts likely to be inaccurate? What do you think is driving inaccuracy? How might this problem be solved?
In 1991 and 1994, Apple Computer engaged in a holding action in desktop market dominated by PCs using Intel chips and running Microsoft's operating systems.
Why do you thing they each would work. Illustrate what would the benefits of each action be besides emissions reduction.
Illustrate what is the fed funds rate in the banking system. Explain how the Fed manipulates this rate in order to achieve macroeconomic objectives.
Compute the resulting dead weight loss (DWL) inefficiency from the monopolistic optimal outcome.
Illustrate what total amount of output will firm A produce in a competitive market. Which output level would be efficient.
Explain how might knowledge of organizational behavior help the company's frontline store supervisors manage their employees.
The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
what money growth rate should the Fed aim for to hit its inflation target in that period? If the Fed instead maintained the money growth rate from part a, what is likely to happen to inflation.
Illustrate what does this mean for the survival of small firms in the industry.
When workers already have a large quantity of capital to use in producing goods and services, giving them an additional unit of capital increases their productivity only slightly.
A cousin of James Darwin, examined the relationship between the height of children and their parents
Calculate the Income elasticity of Demand first and then give your explanations for both questions
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