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Organisational Planning tool
a) Opportunity cost refers cost calculated in terms of the next best alternative choice that is predetermined when a decision is made. In this case, the opportunity cost to Peckham Traders Ltd. in selecting to locate in Kazakhstan would be the inevitable opportunities that could be reaped if it located in South Korea (and vice versa).Subtract one mark for each error (but award according to the Own Figure Rule) grant maximum marks only if the candidate shows which of the two options is the best choice, i.e. South Korea.
How is the responsibility and authority affected in the organisation? Responsibility and Authority: Responsibility implies accountability. This is the obligation of the s
What are the objectives of the Inventory Control? Inventory control is concerned with achieving an optimum balance between two objectives which are:- 1. For minimising inves
You must create a fictituous supply chain (loosely based on a real world system) that has at least three companies A, B and C. Each company will have its own ordering, invoice and
Q. What is Breaking Time Barriers? Computers as well as telecommunication networks break time barriers. The major capabilities of IT are to shorten the barriers. The major capa
In a paper of 750-1,000 words, describe the strategic marketing process and its three key phases of planning, implementation, and control. Address the following: How does the mark
However, there are also costs for Natalie choosing to operate as a single trader: individual proprietors have limitless liability so this means that Natalie could possibly l
Discuss about the term marketing briefly. Marketing: All organisations are engaged within producing products or services meant for employ/consumption through people at huge.
QUESTION (a) Explain how effective teamwork is beneficial to both the individual and the organisation. (b) Team leaders must be on the lookout for symptoms of ineffective te
What is free rein or laissez faire in leadership? Free Rein or Laissez Faire: • Leadership leaves subordinates completely to themselves for task achievement. • Exercis
This is innovative approach of maintenance developed by Japanese manufacturers for their plants and machinery. In this concept the principle of all the above there method
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