Basically the optimal choice will be dependent on the actual demand for the product. Although the company has no actual data on demand it can be expected that demand for a new product will exceed 25 units and will remain under 300 units. This assumption makes the reconditioning option the optimal choice. Another fact that will drive the choice towards outsourcing is the operating director does not like the idea of outsourcing and the added expense of purchasing new equipment is ill advisable due
Fewer companies are willing to enter the market because of the SOX requirements that make going public too costly. Plus, the maintenance required to stay public is too expensive for smaller companies, forcing companies to look elsewhere to raise capital. Rising costs persuade large numbers of companies to exit the public markets to sidestep SEC regulation, creates two problems. First, the overall economy could suffer because corporations limit investment projects due to the higher-cost sources of capital to fund potentially new operations. Second, financially stressed companies that go dark are the very companies’ shareholders need to monitor usually and where transparency is most important.
The LFS limits the accuracy of the calculation of the unemployment rate because it results in the issue of “underemployment” or “underutilisation” meaning that people are able and willing to work more hours, however are unable to do so due to the lack of demand from firms for workers to work additional hours. 4) Suppose a firm decides to pay its employees “efficiency wages” that are much higher than in other comparable firms. What may be the reasons for this and
• Ethical Violations: Some sales reported were greater than total cash register receipts ➢ Employees were pushed to be results and sales oriented. • No camaraderie between the sales personnel: Not willing to help each other out during down times, slow periods. Clerks would attempt to steal sales from other departments. • Employees felt pressured to make sales. • Poor communication after Mr. Barton discontinued the tally system.
Even though the prices will lower of time, companies will take advantage of the recession, knowing that consumers still require their goods, no matter if it falls outside their budget or not. It is the government and consumer’s responsibility to overcome the “stickiness” of the prices via certain stimulations. Essentially the government will directly, or indirectly, create opportunities for work for its unemployed citizens, therefore increasing consumer incomes to a point where they will match a compromise price level. This, in turn, will cause the demand for goods to go up which will decrease the price temporarily. The economy is not run by a single entity, which means that it is the individual or individuals that are driving our economy.
“If your product requires advertising or salespeople to sell it, it’s not good enough.” 6. “It’s always a red flag when entrepreneurs talk about getting 1% of a $100 billion market. In practice, a large market will either lack a good starting point or it will be open to competition so it’s hard to ever reach that %1. And even if you do succeed at gaining a small foothold, you’ll have to be satisfied with keeping the lights on: cut-throat competition means your profits will be zero.” 7. “You’ve probably heard about “first mover advantage”…but moving first is a tactic, not a goal…It’s much better to be the last mover—that is, to make the last greatest development in a specific market and enjoy years or even decades of monopoly profits.” 8.
"Generate More Repeat Customers" is useless as a KPI without some way to distinguish between new and repeat customers. "Be The Most Popular Company" won't work as a KPI because there is no way to measure the company's popularity or compare it to others. It is also important to define the Key Performance Indicators and stay with the same definition from year to year. For a KPI of "Increase Sales", you need to address considerations like whether to measure by units sold or by dollar value of sales. Will returns be deducted from sales in the month of the sale or the month of the return?
The latter, the author claims, in definitely not true. Different forms and amounts of compensation is another tricky issue, as in some countries retired rehired specialists are earning both the pension and the salary, doubling the company’s expenses and many human resource managers admit it is quite challenging, embarrassing and thus quite rare to offer senior employees to take less money for less work. Despite all these obstacles, the author believes boomers may serve as a reliable workforce in the future, as “working in retirement” is
The only downfall I see or disadvantage I see is depending on where those lower rent locations are because some uppity people don’t feel secure in lower rent locations. And majority they are the big spenders with the big money. Also It will take away a consumers shopping experience. Sometimes just being in a department store and looking around is not too bad it all has to do with your
This linear equation shows the increase of average annual income as the quantity demanded grows. Coefficient of determination shows that the variation of quantity explained by the variation in the variables is not in perfect correlation (R2 = 0,9116)and so this interpretation of data (linear model) does not perfectly fit this analysis. Linear regression model represents data relatively accurately and is easiest for managers to read from. This data shows us that Eastern Electric should keep the growing trend in productivity of their products because there is also a growth in quantity demanded by its customers. It is not possible to decide if the annual income of the company depends on the quantity demanded because there is no timeline