The new business reality is that machines, capital and geography are the main competitive advantage Question 13 options: True False
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The new business reality is that machines, capital and geography are the main competitive advantage
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- Please help with the question below. Thanks! Point of Indifference - The William Company manufactures personal sized drip coffee makers. The coffee makers sell for $25. At present, the coffee makers are manufactured in a small plant that relies on direct labor workers. Therefore, variable costs are high, totaling $15 per machine. Last year, the firm sold 30,000 coffee makes with the following results. Williams Company Income Statement Sales $750,000 Less Variable Costs 450,000 Contribution Margin 300,000 Less Fixed Costs 210,000 Operating Income $ 90,000 The firm is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable costs per coffee maker by 40% (that is, variable costs will decrease by 40% per unit).…Exercise 1: You are the operations manager at the company Servicios de Salud, Inc., which provides care services to the elderly. An important aspect of your job is ensuring that nursing homes have a healthy inventory of nutritional drinks for residents. Below is the historical demand for the product for one year: Month Historical demand (boxes) Forecasted demand (boxes) January 300 February 340 March 370 April 410 ¿? May 470 ¿? June 570 ¿? July 630 ¿? August 720 ¿? September 640 ¿? October 460 ¿? November 420 ¿? December 390 ¿? a. Calculate the average demand for each period from April to December using the 3-month simple moving average. Presents calculations and findings in a clear and organized manner. b. Discuss any trends or patterns observed in the calculated moving average demand values. c. Make an interpretation of the results and their implications for forecasting…The quiz will be Due 11:59 PM., Sunday 20 questions Question 3 Which of the following is not one of Porter's five forces? O Buyer Power O Supplier Power O Threat of Regulation O Threat of Substitutes * Previous 8
- 28. 4.4 The Gorman Manufacturing Company must decide whether to purchase a component part from a supplier or to manufacture the component at its own plant. If demand is high, it would be to Gorman's advantage to manufacture the component. If demand is low, however, Gorman's unit manufacturing cost will be high because of underutilization of equipment. The projected profit in thousands of dollars for Gorman's make-or-buy decision is as follows. Demand Medium $40 $45 Decision Manufacture component Purchase component a. Determine the best decisions using the maximax, maximin, and opportunity loss decision criteria. b. Assume that the probability of low demand is 0.35, of medium demand is 0.35, and of high demand is 0.30. What is the best decision using the expected value criterion and what is the expected value of perfect information? Low $220 $210 High $100 $70Q 9. Describe "Business Intelligence"? Q 10. Explain enterprise systems, KMS, CRMS, and SCMS and describe their business benefits?Mini-Case 3-1: Finding a Competitive Advantage Copreneurs Ed and Yolanda recently opened a vintage used car lot called Cherry Lane. They sell antique and collectible cars on consignment for the owners at a fee of 30 percent of the selling price. The price is further reduced by 10 percent if a particular car is not sold within the first 30 days. One of the first customers convinced Yolanda that this was the only fair thing to do, and in an effort to provide something for "the cost conscious buyer," she provided what she thought was excellent customer service and implemented the idea. Ed and Yolanda feel Cherry Lane has an ideal location. It is located adjacent to the city's baseball stadium, alongside the freeway in the center of all the other car dealerships. Although Cherry Lane has significant foot traffic, most people never make offers to buy. In an effort to increase sales, Ed and Yolanda are working on a new marketing strategy that they believe should be quite different from the…
- please answer in details within 30 minutes as to why the option is right and why other options are wrong.Mini-Case 3-1: Finding a Competitive Advantage Copreneurs Ed and Yolanda recently opened a vintage used car lot called Cherry Lane. They sell antique and collectible cars on consignment for the owners at a fee of 30 percent of the selling price. The price is further reduced by 10 percent if a particular car is not sold within the first 30 days. One of the first customers convinced Yolanda that this was the only fair thing to do, and in an effort to provide something for "the cost conscious buyer," she provided what she thought was excellent customer service and implemented the idea. Ed and Yolanda feel Cherry Lane has an ideal location. It is located adjacent to the city's baseball stadium, alongside the freeway in the center of all the other car dealerships. Although Cherry Lane has significant foot traffic, most people never make offers to buy. In an effort to increase sales, Ed and Yolanda are working on a new marketing strategy that they believe should be quite different from the…subject: Strategic management (creating competitive advantages) Cite two example where the concept of Shared Value is being applied.
- Q1 (B). What is more important for a firm–profit maximization or value maximization? What issues or conflict of interest can come up between owners and managers and how can they be solved?Q The owner of a small manufacturing business has patented a new device for washing dishes. Before trying to commercialize the device and add it to the existing line of products, the entrepreneur wants reasonable assurance of success. Variable costs are estimated at Rs. 50 per unit produced and sold. Fixed costs are Rs. 4,00,000 per year. A) If selling price is set at Rs. 250, how many units must be produced and sold to break-even? B) Forecasted sales for the first year are 4500 units, if price is reduced to Rs. 150. With this pricing strategy, what would be the product’s profit?“We promise our customers stellar service, our suppliers a valuable partner, our investors the prospects of sustained profitable growth, and our employees the allure of huge impact.” Q1. Analyse Netflix’s mission statement by applying the questions below that should be answered by a typical mission statement Why is the organisation in business? What are our economic goal? What is our operating philosophy in terms of quality, organisational image and self-concept? What are our core competencies and competitive advantage? What customers do and can we serve? How we view our responsibilities to shareholders, employees, communities, the environment, social issues and competitors?