Describe the nature of each of the ‘dropping a product or service’ and ‘special contract’ decisions for which the CVP technique can be useful.
Q: Explain all options. 21. Price, quality, timing, need, and source represent sources of…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Read a license agreement for a software product. It could be a game, operating system, video editor,…
A: License Agreement If you read the licencing agreement carefully, it will almost certainly state.…
Q: Discuss the main components of CVP analysis by providing your own numerical example and constructing…
A: The cost-volume-profit analysis, also normally referred to as break-even analysis, looks to work out…
Q: tnership and its advantages in your own words. Explain SINGLE, SOLE, and MULTIPLE Sourcing in…
A: Supplier Partnership In a supplier partnership, a buyer and supplier agree to a long-term…
Q: Identify the assumptions and limitations of CVP analysis.
A: Cost Volume Profit Relationship: Profit is always primary concern to management. The sales volume…
Q: 1. How does the type of contract influence the format of the payment request? 4. What type of…
A: А соntrасt is а legаlly binding dосument between аt leаst twо раrties thаt defines аnd…
Q: Started in early 80’s from Buying and selling to relationship marketing and maintaining customer…
A: The correct option is option b. CRM(Customer Relationship Management).
Q: “Did the Austin wedding contract you were working on go out yet?” asked Tonya Roberts, the executive…
A: Business ethics helps the organizations to run their business ethically and responsibly. Business…
Q: Why should an organization invest in supplier development programs?
A: Suppliers are one of the key mediators in any association. The role of Suppliers in the association…
Q: As the lead engineer in an automotive company, you need to make a critical decision: whether to…
A: given data: Probabilities Costs Alternatives - Outsourcing and in hours Existing and new design…
Q: The grievance process/procedure is the vehicle for administering the contract on a _____basis a.…
A: Ans. At the point when an employee feels that they've been violated - be it an unjustifiable check,…
Q: Describe where you think the following categories—paper clips, machine tools, castings, personal…
A: A portfolio matrix is a visual method of characterizing the potential of a product to make profits…
Q: Applying the concepts to organizations (actual cases or proposed scenarios): Apply the concepts in…
A: Organizations procure different kinds of articles, raw materials, and other items for the production…
Q: You are appointed by the government as part of the committee to evaluate the tender submitted for…
A: The scope and obligations of the bidder both during the bidding process and for the procurement…
Q: City Bus Corporation provides school bus transportation to public schools in Lancaster County. City…
A: Risk management is a strategic management tool to identify, assess, monitor, and evaluate risks and…
Q: pend a little bit of time perusing Alibaba.com and looking at some samples of the things that are…
A: Transportation is one of the most important pillar of any commercial activity. A brick and mortor…
Q: Which of the following contract type has the least risk to the owner? Select one: O None of the…
A: Contract types are tools in arranging purchases and acquisitions that are significant for the…
Q: What is meant by contractual closure or closeout? Explain with the help of suitable examples.
A: The term contract closure alludes to the way toward finishing all errands and terms that are…
Q: buyers could be the following individuals ? a. Customers and suppliers b. Workers…
A: A buyer is a person who buys products from the manufacturer directly for the purpose to showcase it…
Q: Essay on why Mercedes Benz is the best car brand. Include a thesis/introduction, 3 arguments, and a…
A: A brand is the unique identity of any firm which makes its stand out from all other competitors.…
Q: Crane Corp. had total variable costs of $281,400, total fixed costs of $130,350, and total revenues…
A: The Break-even point is the point where the total cost of production and total revenue from the…
Q: With an aid of a diagram, show the relationship between risk assessment and risk management.
A: Risk assessment is a micro-level term which comes under risk management. This process involves…
Q: Describe how is CVP analysis used to calculate the break even point for multiple products?
A: CVP stands for cost-benefit analysis. It enables firms to understand the impact of their fundamental…
Q: What are the consequences for ensuring that each of the many sponsoring firms receives the maximum…
A: Sponsors provide money for merchandise and resources used to promote meetings, trade shows, teams,…
Q: Thainess Co., a mid-size firm, has set up its ERM framework and wants to assess whether its ERM…
A: Option (a) is incorrect because corporate score card did not tell correct differences.
Q: What are the major objectives that form the part of the scoping process?
A: Scoping is a process in Environmental Impact Assessment (EIA) wherein, the important issues in EIA…
Q: Following a tendering process your firm has recently been appointed external auditor of Dazzle Ltd…
A: Auditors are relied upon to give an unprejudiced and expert assessment of the work that they review.…
Q: What would you advise Lara to do if she asked you for advice on how to respond to Tonya’s directive?…
A: According to me, she should ask the Austin’s if the date could be changed due to the Mayors…
Q: A tender advert appeared in the print media on 12th March 2020 to run for four (4) weeks. A week…
A: Procurement is a vital business function. When managed efficiently and done well, it can help…
Q: a) If Donna Battista returns from a 300-mile trip that took her out of town for 5 days, what is the…
A: The multiple regression equation is ŷ = 90 + 48.5x1 + 0.40x2. Here the independent variables x1 and…
Q: 11. How many performance obligations are there in the contract? a. one b. two C. three d. four 12.…
A: Introduction: The term Business refers to an exchange of goods and services between the buyer and…
Q: Analyze the schedule and caleulate the additional cost you will request from Patty to shorten the…
A: Determine the data and rename the activities as shown below for easy calculations:
Q: Explain FIVE potential internal benefits of implementing an Enterprise Resource Planning (ERP)…
A: Enterprise resource planning - is the incorporated management of main enterprise processes, usually…
Q: Distinguish between supplier audits and supplier scorecards.When should each be used?
A: Supplier Audits refers to the approach that occurs during the audit, it follows some course of…
Q: Suppose that the Designer on your project team abruptly resigned his position. Instead of filling…
A: Need to take Consultant's Services over filling the Vacancy Internally: Save Time: Internal…
Q: What is Letter of Intention (LOI). What is difference between LOI and Lease Agreement?
A: In general, the agreement is nothing but the mutual understanding between the individuals or parties…
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- Discuss the activities and content specific concerns associated with contracting for and embarking into an OD initiative: Iqra University plans to launch its new campus at Bahria Town Karachi. Thiscampus will facilitate media science and business studies. For a complete setup, the procurementdepartment will have to facilitate a number of purchases including equipment, lab facilities andgeneral items. Develop a procurement strategy for this new campus. You are required to prepare amatrix showing, the nature of purchases, types and requisitions required for the completesetup.One of the products of Edwards Lifesciences (EL) is artificial heart valves made from the heart valves of pigs.8 Different sizes of valves are required. However, the size of a pig's heart valve cannot be ascertained before the heart is purchased and opened. Therefore, EL has a mismatch problem: shortages of some sizes and excess of others. A program was established to document the size distribution of valves supplied by each supplier, and purchases were made from those suppliers with the needed sizes. Linear programming was used to determine the set of the suppliers that collectively satisfied EL's demand. Suppose EL purchases pig valves from three suppliers. The cost and size mix of the valves purchased from each supplier are given in the table below. Each month EL places one order with each supplier. Suppose next month, 250 large, 300 medium, and 100 small valves are needed. Formulate an LP that can be used to minimize the cost of acquiring the needed valves and use Excel's Solver to…
- A document used to solicit bids from interested and qualified suppliers for goods and services that the organization needs to obtain is called a “rfp” request for approval, true or false?Describe the criteria that needs to be met in order to have a valid Bill and hold agreement.Discuss the yellow dog contract.
- You are the managing Director of Mediconsult, a medical supplies company, located at Tema. Due to the COVID-19 pandemic, your regular import of supplies has been cut by half. As a result, you are unable to meet the demands of most of your clients. Write a letter to the Procurement Director of Abala Hospital, Spintex Road, to inform her of your inability to supply her company's request for face masks.If a product in question has an insignificant cost, it might not be worth the trouble to trace the cost of that item to a particular cost center, and that item would be considered indirect. If the cost of tracing the cost of that item is high in relation to the benefits received from tracing it, the item would likely be considered as indirect material. If the design of the manufacturing process easily permits all the items to be traced to a single type of cost center, then it would be easy for a company to consider that material to be direct. Overall, the direct/indirect classification is decided on a cost/benefit basis. In your response to this discussion, state why is it possible that a raw material such as glue might be considered as an indirect material for one furniture manufacturer and as a direct material for another furniture manufacture? Also for this discussion, what are the differences between direct costs and indirect costs? Give an example of each.Describe the various offline and online distribution methods for purchasing software.
- Specialty Toys, Inc., sells a variety of new and innovative children’s toys. Management learned that thepreholiday season is the best time to introduce a new toy, because many families use this time to look fornew ideas for December holiday gifts. When Specialty discovers a new toy with good market potential, itchooses an October market entry date.In order to get toys in its stores by October, Specialty places one-time orders with itsmanufacturers in June or July of each year. Demand for children’s toys can be highly volatile. If a newtoy catches on, a sense of shortage in the marketplace often increases the demand to high levels and largeprofits can be realized. However, new toys can also flop, leaving Specialty stuck with high levels ofinventory that must be sold at reduced prices. The most important question the company faces is decidinghow many units of a new toy should be purchased to meet anticipated sales demand. If too few arepurchased, sales will be lost; if too many are…Suppose that the Designer on your project team abruptly resigned his position. Instead offilling the vacancy internally, you decide to procure the services of a well-known externalconsultant to assist with the user interface design.a) Identify your choice of procurement document(s) as the mostsuitable to solicit the consultant’s services.Iqra University plans to launch its new campus at Bahria Town Karachi. This campus will facilitate media science and business studies. For a complete setup, the procurement department will have to facilitate several purchases including equipment, lab facilities and general items. Develop a procurement strategy for this new campus. You are required to prepare a matrix showing, the nature of purchases, types and requisitions required for the complete setup