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Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
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- Chapter 3 Discussion: Home Depot – Making a New Culture 33 unread replies.44 replies. The below scenario presents a management situation for you and your classmates to consider, specifically, what is involved in changing an organization’s culture from one that focused on maximizing revenues to one that is focused on delivering excellent customer service? Home Depot – Making a New Culture Home Depot stores used to be known for customer service. A host of friendly employees would help customers navigate a huge inventory, find exactly what they needed, and even provide detailed instruction. Those days seem long gone, though. Under the leadership of the former CEO, the company shifted its focus away from customer service and toward reducing inventory and cutting costs. Stores that once had an employee in nearly every aisle are now being manned by just a handful, even during the busiest times. Customers who were used to getting help and personal attention can no longer find even…Competitive advantage 1) The ability of an organization to beat its competition. 2) Depends on the organization’s resources and capabilities. a. Only 1 is correct b. Both 1 and 2 are correct c. Both 1 and 2 are not correct d. Only 2 is correctI really need help these questions please 1. As Matilda entered the lawyer's office she was immediately impressed by the plush carpets, the premium quality furniture, and the tasteful art on the walls. She knew this would be the lawyer to handle her crpyto gains and associated tax issues. The well decorated office is focusing on which part of quality (customer satisfaction)? customer support (such as information, warranty, etc) conformance quality (the lawyer's conformance to legal specifications) soundness of legal advice given by the lawyer psychological impressions of the customer 2. Which of the following is an example of type I error? The control chart says the process is in control, and the process is actually in control The control chart says the process is not in control, and the process is actually in control The control chart says the process is in control, and the process is actually not in control…
- 1. Eight out of ten women recommend Dove soap for smoother skin. Therefore, it must be effective. A. Ad Misericordiam B. Hypothesis Contrary to Fact C. Hasty Generalization D. False Analogy 2. "Officer, please don't give me a ticket. I was rushing home to help my spouse care for our sick child." A. Ad Misericordiam B. Poisoning the Well C. Post Hoc D. Contradictory PremisesSome starters for you! Customers seldom articulate their needs in a proper manner; rather they more than often express their needs (many times, bitch and moan!) in the form of their problems. Below given are a few such statements. Translate the following customer statements about a student book bag into proper ‘needs’ statements: a) “I never use both straps on my knapsack; I just sling it over one shoulder.” b) “See how the leather on the bottom of the bag is all scratched; it’s ugly.” c) “I hate the sound of zipping and unzipping.” d) “There’s nothing worse than a banana that’s been squished by the edge of a text book.” e) “When I’m standing in line at the cashier trying to find my chequebook while balancing my bag on my knee, I feel like a stork.”Which of the following is an INCORRECT use of "advise"? 1. I love grandpa, but his advise is crazy. 2. When I want your advise, I'll ask for it. 3. all of the above 4. My professor always gives great advise during office hours. 5. none of the above
- It is not Essay question, please help me answer it in your words ZeeHome took a new project, building a school, in a new geographical area. The company (ZeeHome) was designated as a consultant on the project with the main task of supervising the work of the contractor. To operate as a consultant, the senior engineers of ZeeHome needed to perform site inspection on a regular basis. ZeeHome management insisted on taking on the consultancy project without making sure that they have the capacity to fulfil their obligations. In fact, during that period, ZeeHome was overloaded and had eight other important projects under process and all ZeeHome senior engineers were already assigned tasks to their full capacity. Consequently, ZeeHome could not dispatch a team of senior engineers to proceed with the inspection visits on a regular basis. Moreover, the few inspection visits that have taken were made by fresh graduated engineers who were still under training. The school building was completed on…١( In some companies, values and spirit which drive the company have far more to do with its achievements than technological or economic resources. Select one: a. TRUE b. FALSECASE 2 - STARBUCK : Listen to Your Customers Starbucks unleashed "My Starbucks Idea" in 2008. The goal was to give customers an easy way to submit their requests and concerns in a better place than a suggestion box. The result - over 300 ideas from this microsite have made it into Starbucks stores around the world. Some of the highlights include: the new Hazelnut Machiatto flavor, a free treat for birthdays, and even the iconic green splash sticks that are now on the self-service counter by the napkins and sleeves. All of this came from hearing out what customers wanted and making the necessary changes. Promotional items are always valuable, whether they're offered for free or sold in a gift shop. Starbucks knows all about that value with their eye-catching custom travel mugs, tumblers, and ceramic mugs. They change these up every season, keeping things interesting for their dedicated fans. Today, the Starbucks mugs are some of the most iconic promotional items of all time! In fact,…
- As a part of the quality control procedures, an audit firm may maintain records indicating which partners or employees of the firm were previously employed by the firm’s clients. Which quality control objective would this be most likely to satisfy? Select one: a. Leadership and Management. b. Professional judgement. c. Communication and Development. d.Independence.The revenues of a large grocery store chain, zMart, have been falling since the past 4 months. They have on-the-ground stores across major metros in India but no ecommerce presence. They now face competition, both from neighborhood stores as well as growing number of ecommerce stores. Their target customer base (28-35 years, technology savvy) enjoy variety, choice and value for money. zMart is hence finding it difficult to retain customers and build loyalty. The CEO has kicked off a project and appointed you as a consultant to improve current on-the-ground experience and launch a new online experience that will enable ecommerce sales. Question: You have been asked to help them better empathize and understand their customers. What are the deliverables you will produce to document this understanding? Describe the content and purpose of these deliverables with short examples. Once you have developed a thorough customer understanding, you are expected to present insights and come up…The MBO technique was criticised for placing so much focus on achieving objectives (end) and not sufficient emphasis on strategies used to achieve them means). Can you think that this is a technical error or how administrators ( implement it? How can you focus on ends and means in a balanced way?