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- QUESTION 5 The resource-based view (RBV) is a managerial framework used to determine the strategic resources a firm can exploit to achieve sustainable competitive advantage. Evaluate on how RBV leads to achieving a sustainable competitive advantage (SCA) and recommend ways to address any shortcomings of the RBV model in achieving SCA.Practice Question 1 BackgroundKC Mechanic Shop was established by Mr. John, a seasoned mechanic who has over 20 years ofexperience in the automotive repair industry. Sales figures for the last ten months are as follows:-Months Actual Sales1 30,0002 39,0003 42,0004 50,0005 55,0006 61,0007 70,0008 77,0009 81,50010 90,000Spare Parts Use a three-period and a four-period weighted moving average to forecast salesfor the 12th month. (Use weights of 1,2,3 and 1,2,3 4). From the data provided in the case, use MAD to determine which forecastingtechnique is more accurate. If forecast for month 7 is $72,000, with an alpha of 0.4, use exponentialsmoothing to forecast sales for months 8 and 9.question: What are the optimal number of Lounge Chairs and Small Sofas to produce and what is the total profit?
- Question 4 The workers at Tesco’s are regularly complaining about overwork. Although, Mr. Freya has found that the workers have been spending a lot of time on tea breaks, lunch breaks, and even in between the production workers spend a lot of time talking to each other. This resulted in poor productivity and in order to complete the work and deliver the products timely, Mr. Freya had to employ workers on overtime costing the company even more. 4.1 Discuss the relationship between production and productivity. 4.2 One of the most important responsibilities of an operations manager is to motivate his or her employees to work in a manner that utilizes their full talents. This is not an easy task because individuals are motivated by different things and in different ways. Discuss THREE (3) advantages of employee motivation. 4.3 Discuss SIX (6) hindrances to motivating employees.Question 1: Janana De Malucho Textile Mill Co., Ltd. produces and sells 40/s combed and 60/s combed yarns for air-jet looms, which are being sold at high prices. To this end, they hired people from nearby villages, where there are few job opportunities. Sher Zaman employees devised a cost reduction plan, but the production manager did not welcome it. Another employee, Waseem, made some suggestions to improve its design, but the production manager was also not satisfied.1.State the management principle violated in the above paragraph.2.Determine any two values that the company wants to convey to society and how? Explain in your own words?Op1. Question 2 WYZ Ltd. is a manufacturing company incorporated in Ghana under the Companies Act of 2019, Act 992. After successfully conducting their external and internal audits, the company formulated and implemented some of the best strategic moves in the manufacturing industry. However, several factors hampered the delivery of the desired outcomes and the company continued to struggle with their competitiveness for several years. Required: As a Strategist, recommend five (5) issues, covering; management, marketing, finance & accounting, human resource and MIS, that could be responsible for the firm’s inability to successfully implement their strategies and meet strategy expectations. Question 3 Using the 4-point Empirical Indicators as characteristics of capabilities, conduct an appraisal of a Ghanaian company and justify why you believe they are basis for gaining sustainable comptetitive advantage .
- Module 5 Question 8 Mayborn Enterprises, LLC runs a number of sporting goods businesses and is currently analyzing a new T-shirt printing business. Specifically, the company is evaluating the feasibility of this business based on its estimates of the unit sales, price per unit, variable cost per unit, and fixed costs. The company's initial estimates of annual sales and other critical variables are shown here: Base CaseUnit sales 7,500Price per unit $16.00Variable cost per unit $10.00Fixed cash expense per year $10,000Depreciation expense $4,000 a. Calculate the accounting and cash break-even annual sales volume in units. b. Bill Mayborn is the grandson of the founder of the company and is currently enrolled in his junior year at the local state university. After reviewing the accounting break-even calculation done in part a, Bill wondered if the depreciation expense should be included in the calculation. Bill had just completed his first finance class…Question Seven 1. Discuss briefly skills every entrepreneur should have and risks with examples. 2. Discuss briefly Financial displine and conduct of every entrepreneur with practical examplesQuestion 3 The Mental Health Parity Act requires the same level of health benefits coverage for mental illness as for a physical condition. True False Question 4 A hospital in a rural community is having difficulty attracting radiation therapists. In an effort to attract young, newly trained therapists, the department has decided to pay these newly graduated therapists at a pay rate equivalent to that of radiation therapists who have been with the hospital for up to ten years. What compensation issue is relevant to this scenario? O Internal equity O External competitiveness OExtrinsic rewards O Intrinsic rewards
- Question 38 Pasensya Ka Na Ha God Bless Co., an investment company, is constructing a complex of four residential rental buildings that will have more than 100 units. The complex is in a geographic area that has a long rainy season. Which of the following steps would likely be most essential to monitoring and mitigating the risk of rain damage? a. Assuring compliance with local codes during construction b. Establish a reserve for capital expenditures, if needed c. Actively encouraging renters to report possible problems d. Monthly inspection by internal maintenance staff and annual assessment by external engineering firms Question 39 Which of the following is the best approach in assessing an organization's risk management approach? a. Consider multiple components of an organization's industry, culture, and objectives to determine the most effective risk management approach b. Find out what is the most common framework being used by competitors in the industry c.…QUESTION THREEa) Zambia Breweries has a backlog of 250 crates of Fanta drinks at the end of December. The demand of Fanta drinks is expected to be 400 crates in January, 500 crates in February and 550 crates in March. Each worker can produce 50 crates of drinks per month with regular wage costing the company K10 000 per worker per month. Hiring cost has been calculated to be K25 000 per. Hiring cost has also been calculated to be K50 000 per worker. Backlog cost have been determined to cost the company K250 per worker. There are no cost associated with carrying the inventory. Develop a level of production plan (aggregate plan) and determine the cost. b) Explain why aggregate planning is necessary in production and operation management.c) Define the meaning and what happens at each of these aggregate capacity planning;i) Matching Demand approachii) Level Capacity approach.Question 02 Mr. Rahman is the CEO of Rider Inc. a ride sharing, digital ticketing and reservation platform for public transport. Right now, they collaborate with the AC bus services on a few routes only. However, they want to start their own transport services on a new route. To run this operation, it requires leasing a few buses for monthly payments of 50000 taka/year. Variable costs would be 50 per/ticket. Each ticket will be sold to customers at an average price of 70taka. What would be the profit/loss if 3000 tickets are sold per year? How many tickets per year should be sold in order to break even? What volume is needed to obtain a profit of 20000 taka per year? If 2300 tickets can be sold and a profit target is 15000 taka, what price should be charged per ticket? If the buses have design and effective capacities of 10,000 and 5000 customers per year, respectively, and only 3000 customers/year use these buses during pandemic, what will be the utilization of the holding area?
