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Operation Management.
A firm is about to undertake the manufacture of a product, and it is weighing three capacity alternatives: small job shop, large job shop, and repetitive manufacturing. The small job shop has fixed costs of Tk.3,000 per month, and variable costs of Tk.10 per unit. The larger job shop has fixed costs of Tk.12,000 per month and variable costs of Tk.3 per unit. The repetitive manufacturing plant has fixed costs of Tk.30,000 and variable costs of Tk.1 per unit. Demand for the product is expected to be 1,000 units per month with "moderate" market acceptance, but 2,000 under "strong" market acceptance. The probability of moderate acceptance is estimated to be 60%; strong acceptance has a probability of 40%. The product will sell for Tk.25 per unit regardless of the capacity decision. Which capacity choice should the firm make?
For years, Ferrari has been known as the manufacturer of expensive luxury automobiles. The company plans to attract the major segment of the car-buying market that purchases medium -priced automobiles.
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The subject is Technology and the world of advertising
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College enrollments increased at the same time that average tuition rose dramatically. Does this contradict the law of downward-sloping demand? Explain briefly.
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Each job wants its own skill set of personality characteristics, Why people who are continuously optimistic end up getting everything they want
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