Business

3.2 Carry out research on customer requirement and satisfaction levels for a selected business, suggesting potential improvements

* Human resource management= the management function focused on maximizing the effectiveness of the workforce by recruiting world-class talent, promoting career development and determining workforce strategies to boost organizational effectiveness

ISO 9001 is a key international standard.  It shows that the business uses a QMS.  It shows that quality is built into all aspects of operations.  This must include all systems, whether inside or outside of the business.  It therefore includes suppliers.  There are eight quality measures that must be met to gain certification to ISO 9001.

6) Pricing- Setting prices is a critical decision in implementing a retail strategy because prices are a critical component in customers’ perceived value. In setting prices, retailers consider the price sensitivity of customers in their target market, the cost of the merchandise and services offered competitive prices and legal restrictions.

Equity is a branch of law, founded in justice and fair dealing, which seeks to supply a remedy when no adequate remedy at law is available.

Introduction to Management Science, 10e (Taylor) Chapter 16 Inventory Management 1) Independent demand items are used internally to produce a final product. Answer: FALSE Diff: 2 Page Ref: 744 Main Heading: Elements of Inventory Management Key words: dependent demand items 2) Dependent demand items are final products demanded by an external customer.

4.|In the Keynesian-cross model, both the price level and interest rate are held constant. A decrease in government spending reduces output by 1/(1 – MPC) times the change in government spending. In the IS-LM model, the reduction in output caused by the decrease in government spending is partially offset by an increase in investment (crowding in). In the IS-LM model, the decrease in government spending reduces income as in the Keynesian-cross model, but the reduction in income also reduces the demand for money, which in turn reduces the interest rate for a given money supply. The lower interest rate stimulates the off setting investment spending.|

WedgeCorp manufactures golf clubs. The clubs have rubberized grips that golfers hold onto to swing them. Neil bought his wife a set of clubs for her birthday. Cindy, Neil’s wife, is an avid golfer and uses the clubs frequently at the local golf course. When WedgeCorp manufactured the clubs, they used improperly mixed glue that did not tightly bond the grips to the end of the clubs.  Seven months after acquiring the clubs, Cindy went golfing with her friend, Kate.  While Cindy was swinging a five iron, the grip came loose and the club sailed through the air, striking Cindy’s golfing partner, Kate, in the forehead.

Quinte MRI, Inc. is a small international provider specializing in a variety of medical technologies including MRI. Quinte MRI’s founder, Dr. Syed Haider believes that the residents of smaller communities deserve the same level of health services as the residents of the larger urban centers. Quinte MRI is experiencing difficulty in meeting the expectations of 2 scans per hour. As a result, productivity is declining and they losing the referral of many of their colleagues. The process is creating a lot of variability and uncertainties that Quinte MRI are dealing with. Solving the issue of the “bottleneck” will make the operation more effective and manageable.

Read the attached article regarding new techniques for treating heart attack victims and identify the problem statement for a study among residents in the Minn. area where this new technique is being practiced.  This study is to learn how the residents feel about the new technique being used.  You might want to include survivors of this technique to learn of their assessment of the technique vs. the more commonly used techinque of clot busting.

Advantages of using the social media aspect can attract the attention needed to promote a product or service intended or drive traffic to the intended website of services. This type of channel has the ability to bring people together from all over the world as well as allows each person to express their own opinions and ideas, providing well-needed feedback. Disadvantages of this method when not used properly or failed to promote the communication effectively can cause a permanent damage to the company’s reputation; as this mistake is seen in front of hundreds or thousands of people who also have direct and easy access of spreading their messages online. This way of communicating can also be more time consuming as someone has to be constantly checking in to make comments, answer questions, and reply to feedback.

* Analyze the investment requirements and develop a plan for how the company should pay for it (debt or equity).

Avon faces number of strategic challenges as operating structure needs to be well-established to face growing competitive global markets and overall organizational effectiveness.

The other approach is the creation of fun pages on Facebook and Twitter. Consumers can understand the store’s agenda and inform them about the new materials produced. The advertisement method has made it easier to get more customers (Soskin, 2010, p. 27). The development has resulted from the fact that the major visitors of social sites are the youths who comprise a greater percentage of the store’s potential customers. iTunes has created various pages for different products marketed at the store. This has helped to advertise the products thereby marketing them to new customers.

Now social media isn't a negative thing for our society, but it is making our community busy with it. Businesses use different advertisements to encourage people to buy their products by building self-esteem for others when a person advertise it. For example, a beauty makeup company can benefit a lot by posting pictures on Facebook or Instagram and by making people to buy their beauty product and mention