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Assume that you own and operate a business. Your production this year was based on prior years' experience. You have been left, however, with 100,000 unsold units on hand. You have been selling your product at $5 each and expected the same price for these 100,000 units. You have exhausted all avenues you can think of for disposing of your excess product. You do not have the storage capacity for keeping these units in inventory while you continue production. This morning a giant retail organization contacted you urgently seeking the type of product you produce to fill deficits in their supply. They offer to pay you $3 per unit.
1. How would you assess whether or not you should negotiate? Identify the factors you would consider and the overall rule you would apply.
2. What factors can you readily identify that will affect your negotiation options and outcomes?
3. What unconscious factors might also affect your negotiation performance?
The Japanese firm Matsushita has a business philosophy from the strong founder Konosuke. This business philosophy was codified as the "Seven Spiritual Values" of Matsushita that all employees learn today.
the expected benefit of selecting machine B is $80,000 with a probability of 50percent also the expected benefit of selecting machine C is $60,000 with a probability of 75percent.
The recommended number of units of each printer to produce tomaximize the total contribution to profit for an 8-hourshift. What reasons might management have for not implementingyour recommendation?
Greg Davis, a business major at the University of South Carolina (USC), has opend Six Points Saco (SPS), a specialty subs-taco resturant, at the rim of the USC campus.
You are working on a calendar year basis and give all raises on january your market position at the beginning of the new plan year is 4.0% below the market.
Explain how much will this price the Co- op per yr. Under illustrate what conditions would you agree to the supplier's proposal.
Discuss the company's business strategy and how it has evolved. What firms are Netflix's most significant competitors, and how the nature of competition has changed in the industry?
There are 360 working days per year and the lead-time is 5 days. If Mark orders 200 units each time he places an order, what would his total ordering cost be for the year?
How can an understanding of organizational behavior help a manager improve employee job satisfaction and decrease turnover?
Create the risk-management plan for your company. You can use information from the following Web site to help you formulate this plan:
Illustrate what is number of orders per year if manager uses current order quantity of 1600. Also illustrate what is number of orders per year if manager uses Economic Order Quantity.
The business world today is increasingly complex and variable in virtually every country and industry, How do you define an organic organization and a mechanistic organization?
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