A company concluded that maintenance costs of running the company was too high. Discuss at least 5 ways to keep the company profitability, citing practical examples.
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A company concluded that maintenance costs of running the company was too high. Discuss at least 5 ways to keep the company profitability, citing practical examples.
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- The maintenance costs of running a company was too high. Explain at least 5 ways to retain the company profitability, and give practical examples.Some new product launches fail and this leaves a negative impact on the profitability of the company. Using a particular product as an example, discuss 1. What steps should the company launching the product take in order to mitigate product launch failure or to address the situation in the event of a failure of the launch of that productWould you put of safety measures because the cost will affect profitability? Explain.
- A company is introducing reusable straws in the market on the 1st of January 2022. They estimate the total market for reusable straws is approximately 3 million per year. The company expects to sell 500000 straws in the first year. There is a competitor already in the market whose sales per year is 1 million straws per year. Your group have been hired as consultants to answer the following questions: Q1- The company is building a facility to produce 1 million straws per year. Is this capacity just right, too little or too much? What factors will you consider in building capacities? Should they adopt a a) leading strategy b) lag strategy or c) straddle strategy to build further capacities. Please justify.Sybeery is a multinational company known for developing quality software products in EU. For the past two year, the company is facing a problem for not generating enough yearly revenue. The main reason is that resources to carry out the task of developing products are not being managed properly which resulted delays in product completion. For this purpose, the CEO of the company wants to hire a person who will be responsible for overcoming this loss, the company is facing. Which type of person the company should hire? Justify your answer with valid reason.Hawaiian resort is one of the largest entertainment groups and makes a major contribution through its role in tourism, employment, training, and its corporate responsibility programs. They own a chain of business with a greater focus on the customers. With the increasing number of customers worldwide the organization has significantly contributed in terms of economy, employment and community support. Assuming that the business group has been able to do this with the help of a CRM, answer the following question: How did the organization manage to collect and analyse data about their different customer groups?
- Scaffold Equipment manufactures and sells scaffolds and ladders that are used by construction firms. The products are sold directly to independent retailers in the United States. The company's risk manager knows that the company could be sued if a scaffold or ladder is defective, and someone is injured. Because the cost of products liability insurance has increased, the risk manager is considering other techniques to treat the company's loss exposures.a. Describe the steps in the risk management process.b. For each of the following risk management techniques, describe a specific action using that technique that may be helpful in dealing with the company's products liability exposure.1. Avoidance2. Loss prevention3. Loss reduction4. Noninsurance transfersTheme parks are considered a staple family attraction worldwide, known best for their rides and rollercoasters that appeal to thrill-seeking children and adults alike. Its success and profitability are maintained by installing more daring rides and appealing to popular cultural figures and franchises. However, due to the nature of theme park rides, the results can be incredibly serious when something goes wrong, and the stakes for theme park managers in ensuring the safety of their facilities are very high. Over the years, failure to comply with health and safety regulations, poor management systems, and mechanical defects have led to unfortunate incidents on various rides and rollercoasters, resulting in serious consequences. In 2005, an incident on the Smiler ride at Alton Towers caused by the failure of a test carriage that collided with a carriage carrying 16 people led to serious injuries, prosecution, and a £5million fine to the operating company, Merlin Attractions Operations…Theme parks are considered a staple family attraction worldwide, known best for their rides and rollercoasters that appeal to thrill-seeking children and adults alike. Its success and profitability are maintained by installing more daring rides and appealing to popular cultural figures and franchises. However, due to the nature of theme park rides, the results can be incredibly serious when something goes wrong, and the stakes for theme park managers in ensuring the safety of their facilities. are very high. Over the years, failure to comply with health and safety regulations, poor management systems, and mechanical defects have led to unfortunate incidents on various rides and rollercoasters, resulting in serious consequences. In 2005, an incident on the Smiler ride at Alton Towers caused by the failure of a test carriage that collided with a carriage carrying 16 people led to serious injuries, prosecution, and a £5million fine to the operating company, Merlin Attractions Operations…
- The purpose of a Business Impact Analysis (BIA) is to determine: Choose the correct answer? The cost to repair a failed system The extent of a disaster's damage Critical business processes that must be maintained How often an incident will occurDescribe the three policies that ensure honesty and reliability throughout the company. It would be helpful if you could explain the rationale behind each rule that is presently being enforced.Reliability prediction is a design-assist process by which the reliability characteristics of a system are obtained, by calculating the anticipated system RAMS (Reliability, Availability, Maintainability and Safety-Integrity) from assumed component failure rates. Discuss the importance of reliability prediction and the factors that affect the reliability performance of electronics components.