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Your company has a market share of 25%. The total market size is $100 million. Your contribution margin (the ratio of the contribution per unit over the price per unit) is 20%. Your variable cost is $16 per unit. You are thinking of hiring 10 more salespeople. The annual cost per salesperson (including salary and benefits) is $120,000. In addition, each salesperson receives as a bonus 10% of the sales he or she generates. How much should your market share increase to make this a profitable action? (Hint: To solve the problem you need to calculate the price per unit and then calculate the new contribution per unit that will reflect the added cost of the 10% bonus given to the salespeople.) You must show all calculations to receive credit
Hill Approach to Manufacturing Operations - Operation Management Hill's five step approach to developing manufacturing operations illustrated in table below (Hill, 1993). A
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How did the corporation perform the past year overall in terms of return on investment, market share, and profitability?
I need solutions manual for production manageent
What is corporate governance? What role does corporate governance play in strategic planning? Why is it important? Explain your answer and provide an example.
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