Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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To be successful, all business organizations, including internet service providers, software manufacturers, hospitals, private schools, transport companies, freightliners, cruise ships, restaurants, hotels, holiday resorts, amusement parks, car makers, bookshops, construction, courier services, tax-collection agencies, logistics companies, wholesalers, retailers, agro-commodity cinema theaters, sporting clubs, banks, real estate agencies, and event organizers, must provide products and services of value to their clients/customers. In not more than five paragraphs, discuss the foregoing in the context of Operations Management.
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- Be prepared to discuss the following, supporting your arguments with biblical principles that apply: How to set prices that are just and fair that allow firms to pay employees well, but still make a profit. How to advertise and promote one’s product/service in a way that truly represents the value/performance of the product/service.arrow_forwardPersonal Operating Solutions should specify in its privacy policy if and how the firm will disclose customer information to third parties (law enforcement, public, other vendors, etc.).arrow_forwardWhat are the challenges in the Lodging Industry, Hotel Industry of which affects the entire Tourism industry and the economy in general. Give concrete examples and discuss briefly.arrow_forward
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- Are there any risks or legal issues that preclude a specific option for an online clothing business? What about cloud services? Can SaaS, DaaS, or other cloud-based tools be more economical and convenient than traditional ones? is there a need for occasional upscaling of services in times of increased usage like sales, inventory cycles, or holidays?arrow_forwardWhat goods or services does the company manufacture orsell?arrow_forwardDiscuss the circumstances under which increasing out-of-pocket costs for consumers might increase the value and efficiency of healthcare provided. Under what circumstances might doing so have an undesirable effect?arrow_forward
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