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A company modifies production automobiles to create custom hybrid vehicles for the high-end auto enthusiast market. They develop and build these custom designs as a single unit or at times in multiples of as many as 20 for larger orders. The orders are generated by the marketing department with help from the owners who participate in the management of the company. Each new order is assigned to a project team, which starts by making an estimate to the customer before a contract is signed. The project teams have a great deal of experience in these projects.
As would be expected, the owners are hands-on and have opinions on the estimates. The marketing folks also provide suggestions on what the customer is willing to pay.
What are some processes and techniques that you would suggest to make the budgeting process work well? Start with general but also provide some specifics as relate to creating detailed project budgets. Be sure to justify why you think your recommendations will work
Evaluating strategies on a continuous rather than a periodic basis is desired. Discuss the pros and cons of this statement
manufacture of business copier workstations has a 75 percent customer retention rate. ir accounting department approximates incremental contribution to profit and overhead as 40 percent. Determine average value of a loyal customer.
What types of decisions common to manufacturing firms does Amazon make? What types of decisions common to service firms?
American Capitalism. Is a large discrepancy between executive pay and that of the average worker unfair to the worker? Is it unfair to increase a CEO's compensation at the same time that he or she downsizes
A service garage uses 120 boxes of cleaning cloths per year. Boxes cost $6 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on annual basis. Determine annual cost of ordering and carrying cloth.
What cycle time would match capacity and demand if demand is 110 units a day, there are two shifts of 383 minutes each, and workers are given three half-hour breaks during each shift, one of which is for lunch or dinner?
What is your opinion of Honda's allowed rate and the mechanics' performance?
Explain the historical relationships between risk and return for common stocks versus corporate bonds.
Recommend at least three (3) risk mitigation strategies to address project plan details that might be forgotten or overlooked. Justify the selection.5.Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as ..
What are the effects of corruption on capitalism and foreign investment? How can MNCs deal effectively with these problems?
The University refused to pay the card charges on the grounds they were unauthorized. Is the University correct? Discuss why or why not.
Discuss the principal reasons why project management has become such a popular business tool in recent years.
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