Define decision variables?

Q: Differentiate between Service Projects and Revenue Projects?

A: One of the main differences between revenue projects and service projects is that, in the case of re...

Q: WRITE AN ESSAY ABOUT THOUSAND WORDS what are the key areas in which contract law has evolved from tr...

A: A true contract rule which is enforceable guarantees is used to promote the economy of the corporate...

Q: Leadership Development Training courses and other forms of professional development arecommonly used...

A: Good coach will not be partial and treat all his team members equally. Empowering your team means to...

Q: There are two types of sales forecasts, build-up method and break-down method. Explain these methods...

A: There are two type of sales forecast – build up method and break down method. These two methods star...

Q: “Service Operations Management as a subject is significantly important for any service-oriented indu...

A: Service operations management recognize the service component in an organisation. It helps in unders...

Q: A small mail order firm Seas Beginnings has one phoneline. An average of 60 people per hour call in ...

A: Answer: The company can put 16 persons on hold.

Q: Management is not an easy task to perform. What managers needs to do to perform management and achie...

A: Management is the process of achieving organizational goals effectively and efficiently. Therefore, ...

Q: What are the Ways companies can reduce ethical and privacy issues?

A: The Ethical issues in the workplace is a condition when a moral conflict occurs and it must be resol...

Q: Who are the Stakeholders of a firm?

A: Stakeholders is the party that would be affected by the business and that has an interest in a compa...

Q: Why is it important for the various functional areas of a business organization to collaborate?

A: It is important for the various functional areas to collaborate because:

Q: Who needs to be involved in formulating organizational strategy?

A: Developing an organisational strategy is very essential task for each and every organisation which i...

Q: Explain the activities,responsibilities and decisions of operation manager in service organization.

A: Conservative approach in dynamic market is an investing in asset allocation designed to provide retu...

Q: A truck driver has to deliver a load of lumber to oneof two construction sites, which are, respectiv...

A: a) The odds are 5 to 2 lumber should go on the construction site, which is 33 miles from the lumbery...

Q: What is the essence of a fixed-performance contract and what dysfunctional consequences canoccur thr...

A: Fixed Performance contracts: They can only be counter-productive in times when uncertainty and surpr...

Q: MacBurger’s is attempting to determine how manyservers (or lines) should be available during the bre...

A:

Q: The materials handling charge for ABC Corp. is $0.50 per pound of finished product. What is themater...

A: The material handling cost of goods is the cost which is incurred during the production process. It ...

Q: Explain how a manager’s risk aversion can affect decision making and how compensation plansshould be...

A: Risk-averse describes the investor who chooses the preservation of capital over the potential for a ...

Q: Why are services important? Why is manufacturing important? What are nonmanufactured goods?

A: Services in general are important because there are so many who cannot care for themselves without o...

Q: On 2nd March 2020, the GTV advertised a promotion sale for Dabe Limited stating that the Company’s B...

A: Serlom should be aware of unrealistic practices of the companies these days to attract the customers...

Q: Prepare a business plan for Broiler Enterprise and the number of birds should be 5000.

A: A broiler is a type of chicken that is being raised for meat production.  Broiler Chicken production...

Q: In a P system, the lead time for a box of weed-killer is 2 weeks and the review period is 1 week. De...

A: a) Cycle service level at target inventory of 300 boxes.   The cycle service level at target inven...

Q: An airline company must plan its fleet capacity and its longterm schedule of aircraft usage. For one...

A: Formula:

Q: Bonus Compensation Base and Pool There are three components to a bonus plan: the base ofthe bonus co...

A: We all know that most companies want to hire the most qualified employees and keep those employees l...

Q: What is the danger of attempting to manage risks without properly researching them?

A: Risk management is the process of identifying, analysing & responding to the risk factors. Prope...

Q: Sales for a product for the past three months have been 203, 365, and 293. Use a three-month moving ...

A:

Q: Khabua books for a hotel facility and pays in advance. The hotelier tells him nothing more than the ...

A: Khabua booked a hotel by paying in advance .As usual the hotel staff did not mention the safety of b...

Q: Describe what is issue management?

A: Issue management is the process of identifying and resolving issues. Problems with staff or supplier...

Q: Value-Chain Analysis Sheldon Radio manufactures yacht radios, navigational equipment, anddepth-sound...

A: 1. The value chain for Sheldon Radio follows: Value Activity Option One Option Two First: ...

Q: Case A: Food Fare is a small chain of restaurants that has developed a loyal customer base byprovidi...

A: The structural cost drivers for Food Fare are the atmosphere: interior of the restaurant: maintenanc...

Q: Compared to the assumptions Stereo Warehouse used to value stock options in 2008,earnings in 2009 we...

A: The answer is B . risk-free rate.

Q: What are the two primary factors that are difficult to estimate theinitial market size?

A: Estimating market size is the one of the crucial tasks for a company. It is done to understand the p...

Q: List two analytical tools that can assist in evaluating risk associated with a product and explain t...

A: Risk is made up of two parts: the probability of something going wrong, and the negative consequence...

Q: Define Inventory holding?

A: The process of storing inventory is called inventory holding. Companies hold inventory for avoiding ...

Q: Assuming you  wish to be sponsored to start your own business, identify any viable and feasible busi...

A: 1.Company description: Company description would highlight the legal standing of the restaurant and ...

Q: What is the best Negotiation strategy?

A: Integrative negotiation is best strategy because it involves interest-based, merit-based, or princip...

Q: Describe and give examples of time-based strategies.

A: Time - based strategies: Time based strategies that focus on reduction of time needed to accomplish ...

Q: For what types of firms is the theory of constraints analysis most appropriate? Why?

A: Cost management involves the development and use of cost management information within the informati...

Purchase Process

Purchasing refers to the act of procurement of products or services from a market of resources. The procedures used to accomplish the acquisition of the requisite resources are referred to as the purchasing process. Consumer behavior, customer strategy, product pricing, consumer necessity, and other variables are various parts of the process.