As a part of planning process managers at Star LLC regularly involve in planning about its future by assuming the new markets that would emerge, supply of competitors and new technologies. Identify the step of planning mentioned here: a. Establishing objectives and goals b. Being aware of opportunities and strengths c. Developing premises d. Determining alternative courses
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As a part of planning process managers at Star LLC regularly involve in planning about its future by assuming the new markets that would emerge, supply of competitors and new technologies. Identify the step of planning mentioned here:
Establishing objectives and goals
Being aware of opportunities and strengths
Developing premises
Determining alternative courses
Step by step
Solved in 3 steps
- General guidelines for making decisions or taking action in response to a particular event are known as? a. procedures b. regulation c. policies d. none of the above In organizations, effective planning typically involves: Select one: a. determining or revising the organization's mission and goals b. formulating strategy c. implementing strategy d. all of the abovewhat are the pros and cons of the following five-point plan? 1. Each salesperson would continue to supervise company-owned stores and independent dealers. 2. Salespeople would be given specific objectives for facilities appearance and a percentage of sales of convenience store merchandise purchases from the Company’s designated distributors. 3. Salespeople would be given mandates that no retail outlet would remain closed for more than 30 days. 4. Sales volume objectives for salespeople would remain in place. Current year volume objectives would not change. 5. Regional sales managers’ annual objectives would be revised to be consistent with salespeople’s new objectives.What are the most common decision variables for agg-regate planning in the manufacturing setting? In a service setting?
- Sanders Bears produces stuffed animals. Sanders is in the process of implementing a cost forecastingsystem using the high-low method. The variable cost per animal is $2 and the high and low costs usedare $80,000 for 30,000 animals and $40,000 for 10,000 animals. What is the value of the fixed costfor the cost estimating equation?which is a better planning tool: Benchmarking or forecasting?Id-6c An aggregate plan provides justification for: Select one: a. the budget amount requested b. demand for individual products c. demand for product families d. the demand for the parts of each product and. number of customers
- please help me with Question 3 thanks! Demand forecasts for 2021 are as follows: Month Demand Jan 140,000 Feb 78,900 Mar 85,800 Apr 89,100 May 123,600 Jun 136,350 Jul 120,450 Aug 106,950 Sep 121,950 Oct 135,750 Nov 87,000 Dec 93,300 Each worker can produce 900 products per month and is paid $1500 per month. Assume that at the end of last year, the company has 100 employees working on the production line. Hiring and layoff (firing) decisions are made at the beginning of each month, and associated costs are charged at that time. It costs the company $400 to hire and $800 to lay off a worker. The company incurs holding cost for the amount of ending inventory in each month, and incurs backorder cost at the end of each month for any unfilled orders. The company incurs $2 per month for holding one unit in inventory and $4 per unit backorder. 1 Prepare a level aggregate plan. Under this level aggregate plan, how…Briefly discuss the advantages and disadvantages of each of these planning strategies:b. Vary the size of the workforce to correspond to predicted changes in demand requirements5. (a) When a new business is started, or a patent idea needs funding, venture capitalists or investment bankers will want to see a business plan that includes forecast information related to a profit and loss statement. What type of forecasting information do you suppose would be required? (b) A picnic spot is open on Thursday, Friday and Saturday. The manager hopes to improve resource availability and scheduling of part-time employees by forecasting visitors in the next week. Data on visitors of the recent 5 weeks at the spot has been found. On Saturday, Thursday, and Friday there were 182. 95, and 280 in week 1; 197, 105, and 295 in week2; 178, 92, and 275 in week 3; 210, 109, and 305 in week 4; and 192, 100. and 284 in week 5. i. Find seasonal relatives of the days. ii. Forecast number of visitors in the resort for week 6 and that is for the days of week 6.
- Forecast Data is given within problem. Cost Data is attached Southeast Soda Pop, Inc., has a new fruit drink for which it has high hopes. John Mittenthal, the production planner, has assembled the following cost data and demand forecast: LOADING... Click the icon to view the demand forecast. LOADING... Click the icon to view the cost data. John's job is to develop an aggregate plan. The three initial options he wants to evaluate are: • Plan A: a strategy that hires and fires personnel as necessary to meet the forecast. • Plan B: a level strategy. • Plan C: a level strategy that produces 1,000 cases per quarter and meets the forecast demand with inventory and subcontracting. Part 2 a) Which strategy is the lowest-cost plan? Try hiring and layoffs (to meet the forecast) as necessary (enter your responses as whole numbers). Hiring and Layoff Plan Quarter Forecast Production Hire (Units) Layoff (Units)…Write at least 2 event objectives for each of these situations. 1. A real estate company will host a party and present its newest condominium project to the alumni of the Asian Institute of Management. 2. The Parent-Teacher Association will hold a dinner dance as a fund-raising project. 3. The national sales office of a pharmaceutical company will hold its annual sales managers' meeting to kick off this year's sales campaigns. 4. The head of the Vergara clan of Batangas calls all clan members to a reunion in their hometown. 5. The Catholic Women's League plans a rummage sale at the parish activity area.This type of operational planning may cover the medium‐term needs of the business including budgeting, the purchasing and supply system and organisation thereof, purchasing and supply methods, negotiation and development of human resources.(1) Strategic level planning.(2) Tactical or middle‐management planning.(3) Operations level planning.(4) Operational planning.(5) Short‐term planning. pick which fits the question