Answered: Managing the Operations 1. What are the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Managing the Operations 1. What are the 6 important activities of a productive system? 2. What is a workflow layout? 3. What are the 4 ways of achieving proper inventory Control? 4. Draw the transformation process of an existing company. Indicate where the improvements of the flow can be introduced. Managing the Marketing Function 1. What is the marketing concep 2. What are the 4 P’s of Marketing 3. Choose an engineering firm with an existing marketing unit. Draw the organization chart of the firm showing the marketing unit and the relationship with other units. Managing the Finance Function 1. What is the Finance Function of an organization? 2. What are the 4 major fund requirements of an engineering firm? 3. What are the 6 major sources of funds to finance an engineering firm? 4. What is Risk Management? What are the methods in dealing with risks? 5. Identify an engineering firm of your choice Determine the methods used by the firm in handling risk. Do you consider these methods adequate? If not, suggest the appropriate method that must be used.

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