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- Marco, a plumbing, heating and AC company located in California, has a simple butpowerful product strategy: ‘Solve the customer’s problem no matter what, solve theproblem when the customer needs it solved, and make sure the customer feels goodwhen you leave’. The company guaranteed, same day service for customers requiringit. The company provides 24 x 7 services at no extra charge for customers whose ACdies in hot summer Sunday or whose toilet overflows at 2.30 AM. The companyguarantees the price of a job to the penny before the work begins. Whereas mostcompetitors guarantee their work for 30 days, Marco guarantees all parts and labourfor one year. The company assesses no travel charges as “it’s not fair to charge customers for driving out.” The company owner says: “We are in an industry thatdoesn’t have best reputation. If we start making money our main goal, we are introuble. So I stress customer satisfaction; money is a by-product.”The company uses hiring, ongoing training and…. Marco, a plumbing, heating and AC company located in California, has a simple butpowerful product strategy: ‘Solve the customer’s problem no matter what, solve theproblem when the customer needs it solved, and make sure the customer feels goodwhen you leave’. The company guaranteed, same day service for customers requiringit. The company provides 24 x 7 services at no extra charge for customers whose ACdies in hot summer Sunday or whose toilet overflows at 2.30 AM. The companyguarantees the price of a job to the penny before the work begins. Whereas mostcompetitors guarantee their work for 30 days, Marco guarantees all parts and labourfor one year. The company assesses no travel charges as “it’s not fair to charge customers for driving out.” The company owner says: “We are in an industry thatdoesn’t have best reputation. If we start making money our main goal, we are introuble. So I stress customer satisfaction; money is a by-product.”The company uses hiring, ongoing training and…An all-you-can-eat buffet invites various types of customers. The ones whovalue food at $20 but eat only for $5 and the hungry ones who value the buffetat $40 and eat $20. If the restaurant gets 100 customers of each type a dayhow much revenue will the restaurant get? Show breakdown
- A. Assuming that sales personnel are paid on a commission basis, which product should they sell? B. On the basis of maximizing gross profit per unit, which product should be sold? C. To maximize total profit for the firm, which product should be sold?(a) Model the problem of maximizing next months profit as a linear program and solve it. Reportboth your LP and optimal solution in your submission. (b) Find the Shadow Price of each of the three processes as they relate to your optimal solutionand report them here. Describe how you found the prices and identify the units for each price. (c) Management is considering hiring some extra inspection time, but the union requires thatinspectors are paid $12 per hour. Will it be profitable to hire another man-hour of inspectioncapacit at a price of 12 dollars? How do you know? (d) At what price would should be willing to rent 1 machine-hour of vibration to a competingproducer? How many machine-hours can be rented out before your optimal solution changes.(a) Model the problem of maximizing next months profit as a linear program and solve it. Reportboth your LP and optimal solution in your submission. (b) Find the Shadow Price of each of the three processes as they relate to your optimal solutionand report them here. Describe how you found the prices and identify the units for each price. (c) Management is considering hiring some extra inspection time, but the union requires thatinspectors are paid $12 per hour. Will it be profitable to hire another man-hour of inspectioncapacity at a price of 12 dollars? How do you know? (d) At what price would be willing to rent 1 machine-hour of vibration to a competingproducer? How many machine-hours can be rented out before your optimal solution changes.
- 1.) Because most equipment is not used on a project for an entire year, the costs must be converted to an hourly, weekly, or monthly cost. true or false 2.) Operation costs include tires and other wear items, fuel, lubricants and filters, and repair reserves. true or false 3.) Operating costs are those costs that are most closely related to how long a piece of equipment is owned rather than how much a piece of equipment is used. true or false Note: please help us in this sample problem and also please explain even a little bit so that we can understand it thank you27) A company’s corporate office has to decide between investing capital in a given business as it in a high growth industry or divesting that business given its current low market share. The company business is represented by which of the following? a) A star b) A question mark c) A cash cow d A doga. What level of incremental sales should the company analyst attribute to the new line of baked chips? b. Assume that 20 percent of Morten's existing customers are actively looking for a healthier snack alternative and will move to another company's baked chip offering if Morten does not introduce the new product. What level of incremental sales would you attribute to the new line of baked chips in this circumstance?
- (a) If the cost of manufacturing (direct material and direct labor) is 60% of sales and profit is 10% of sales, what would be the improvement in profit if, through better planning and control, the cost of manufacturing was reduced from 60% of sales to 50% of sales? (b) how much would sales have to increase to provide the same increase in profits? System service When locating a retail outlet such as a supermarket, the objective is to ______________. Select one: a. Maximize profit b. Minimize cost c. Maximize revenue d. Maximize customer satisfaction e. Minimize fixed cost Customer expect _________ from any franchise outlet.Select one: a. high quality service b. low prices c. fast service d. identical service e. all Which of the following is not a characteristic of the co-creation of the dimension of the B2B service experience?Select one: a. The customer is a coproducer of the value b. The customer performs the service c. The customer is an input to the service process d. All e. NoneThe CEO of J&B, Ld., would like to propose in the next Council meeting a rise of capital as one of thepossible ways to increase the forecast of the working capital for the next financial year and reached6,000,000 €. This number will allow the company to have a degree of robustness comparable toother competitive companies in the industry. Daily Amount Average Deferments (days)Raw Materials 60.000 10Salaries 150.000 7Overheads 90.000 ? If the operating cycle is 30 days, what should the manager answer if a director asks him about theaverage deferment of the overheads?( answer: Average deferment in Overhead is 15 days) HOW DO I DO THIS?????
