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A company has decided to bid on a follow-on contract for 500 units of a product. The company has already produced 2,000 units on a 75 percent learning curve. The 2000th unit requires 80 hours of production time. If a fully burdened hour is $80 and the company wishes to generate a 12 percent profit, how much should be bid?
A term hands-on transactional management (HOT).My first thought was micro-management. Bruce Tulgan Tulgan (2004) identified the following traits of a HOT manager (pp. 120-122):
You are concerned about the cost of accepting this proposal, especially since it is not clear that LPL will realize any savings or additional revenue from the conversion.
a. Calculate the expected average flow time. b. What changes would you recommend to meet the goal of processing a returned video within 6 hours?
Why is it important to continuously update the implementation and communication of a strategic plan? Who should be responsible for updating and communicating a strategic plan? Why?
Williams Products is evaluating whether to introduce a new product line. Estimates the variable costs of each unit produced and sold at $9 and the fixed costs per year at $55,000"
Prepare a service blueprint for each of these banking transactions Make a savings deposit using a teller. Apply for a home equity loan.
Cell Phone Bills the average monthly cell phone bill was reported to be $50.07 by the U.S. Wireless Industry. Random sampling of a large cell phone company found the following monthly cell phone charges: At the 0.05 level of significance can it be co..
Your sales and costs figures should be split into external sales and inter-divisional transfers, where appropriate
Friends Curt and Rich own a local bookstore. They are very interested in making plans for improving the store and better dealing with competition from the other bookstores that serve the college students in town. Curt said to Rich: "We should be benc..
Today, some companies are considered weak in “cost advantage”. Define “cost advantage and provide two examples of sources of “cost advantages”.
About Tata Motors. Would one characterize Tata, purchase of JLR as horizontal, vertical or related? Why? What did Tata seek from JLR? What things indicate Tata and JLR will integrate successfully? What things may create acquisition or integration dif..
Adjustments were made in the process at the Mach4 Tool Co. discussed in Problem 17 and 25 more samples were taken. The results are given in the worksheet tab Prob. 8-18 in the Excel file C08Data.xlsx on the Student Companion Site for this chapter. Wh..
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