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Imagine that you are the head of strategic planning for a 150-bed general hospital located in a medium sized city with a diverse population representing a cross section of US society. Compile a list of the segments into which the hospitals overall market could be defined. you might want to start by thinking about the most prominent variables that define a population. it should not be hard to come up with at least twenty or thirty possible segments. once you have the list in hand, check off those segments that your common sense says are the most likely bases for a differentiated product or service offerings. in other words, look for segments that probably want something unique in their hospital services.
A company uses a continuous-review inventory system for a product. The weekly demand of the product approximately normally distributed with a mean of 706 units and a standard deviation of 30 units. Furthermore, weekly demands are independent. What is..
Your company is considering the introduction of a new product line. The initial investment required for this project is $500,000, and annual maintenance costs are anticipated to be $35,000.
In the present business environment, the best decisions are the ones that are informed decisions. Such decisions are based on collecting and analyzing good data. In order to properly measure, for example, the customers’ preferences regarding a produc..
A production process at Kenneth Day Manufacturing is shown below. The drilling operation occurs separately from, and simultaneously with, the sawing and sanding operations. A product needs to go through only one of the three assembly operations (the ..
What value does using graphics add to the project management process? Why is estimation an important skill and process in project management?
You notice your project schedule is starting to slip and you would like to reassign some resources. What is one of the first steps you should take?
select a small business with which you are familiar. imagine that you have been called into that business to provide a
Calculate the economic manufacturing quantity to minimize the total annual inventory cost for the following situation: Annual demand = 10,000 units per year Daily production rate = 100 units per day Workdays per year = 250 days Order cost = $20 Annua..
Be sure to describe which of the Control Theory's would apply to the concept. Be sure to describe the system using feedback loops and a detailed narrative.
It’s hard to accomplish anything without a plan. Whether you’re coaching a football team, cooking Thanksgiving dinner, or running a small business, you need a strategic plan. Strategic planning is a process that brings to life the mission and vision ..
A physician in private practice asks you, as a marketing consultant, how to attract more patients. The practice is serving about ten patients a day and cannot run profitably unless the physician sees about twenty patients a day. What questions would ..
Briefly compare and contrast the concepts of needs, wants, and demand, explain with the help of examples keeping an eye into your surroundings. Discuss how these concepts relate to marketing practices ( IN YOUR OWN WORDS)
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