If a company fails to meet its designated KPIs, such as if a restaurant does not meet its target number of customers, what should it do?
Q: According to the text, your ethical decisions are based on your level of moral development Questio...
A: True. Yes, our ethical decisions are based on our level of moral development.
Q: local firms to become global competitors
A: The market share and trajectory of companies provide a significant contribution to the global presen...
Q: Identify any 10 risks related with the management of IT projects. Define project risk management and...
A: Concept Of Project Risk Management - In the specific project management, the risk management is a co...
Q: The three managerial levels in a business hierarchy are A) managing directors, operational managemen...
A: Levels of Management : The term Levels of Management defines the line of division between various ma...
Q: Requirement: Prepare your best business practices guided by classical philosophies, bellef system an...
A: The world of business is fast-paced. There is alot riding on every company decision. Business is tri...
Q: Overbooked: The Housekeeping Perspective It is no secret that in all hotels, the director of houseke...
A: Concept Of Housekeeping In A Hotel - Housekeeping, in a hotel, is a concept, which can be said as a ...
Q: Explain 1-2 sentences Operations Risk- Environmental Technological Obsolescence Integrity
A: RISK MANAGEMENT: Risk management is the process of identifying, evaluating, and controlling the unce...
Q: wby hotel brands have several individual brands
A: The ability to articulate and communicate the experience at that hotel unlike any other is how a hot...
Q: The abundance or shortage of critical organizational resources is an example of uncertainty Questi...
A: Business environment refers to all those internal and external factors that affects the functioning ...
Q: Which of the following is an incident that can be taken up to the top management by a whistleblower?...
A: Human Resource Management: Human resources management is the process of managing the human element o...
Q: Most political action committees (PACs) are now associated witha. labor unions.b. citizen groups.c. ...
A: Political action committees are the ones who raise and distribute the funds collected to those peopl...
Q: What are three security measures that will help a company while reducing productivity?
A: Productivity:- The efficiency with which workers produce goods or services in an organization. The p...
Q: Critical thinking is a deliberate, purposeful act. Which of the following are tasks required of you ...
A: Correct answer is Option E . All oF the above.
Q: Melina Tourism Company closed its operations due to Pandemic. They are not giving salaries and allow...
A: Moral principles are part of a normative theory that supports or defends ethical standards and/or et...
Q: 19. Choose the best answer. This tip for managing a successful sales force involves managing employe...
A: Managing the sales workforce is a challenging task for the organization. The organization needs to u...
Q: Identify five strategies used in this online forum.
A: Q) Identify five strategies used in this online forum? ANS:- The Five Strategies used in this online...
Q: For conscious parallelism to be proven, each manufacturer should be found to have acted on its own. ...
A: In order to stay profitable, businesses in very competitive markets do conscious parallelism almost ...
Q: Q: Read the case study thoroughly and brainstorm based on "Four-Step Process for Making Ethical Deci...
A: Ethics plays a major role in business. Ethical conduct is an important aspect of leadership and deci...
Q: What are incentive pay plans and why do businesses use this system?
A: Human Resources Human Resources is the division of a company that is responsible for recruiting, pr...
Q: Possible ideas for behavior and motivation on Sales Supervisor Bank Manager Office Staff regarding...
A: Motivation describes the procedure that instructs the employees' behaviour toward their work for the...
Q: Assess the relationship between productivity and job design.
A: Human Resources Human Resources is the division of a company that is responsible for recruiting, pr...
Q: 1. What is the difference between innovation and invention?
A: Disclaimer- "Since you have asked multiple questions, we will solve the first question for you. If y...
Q: The primary concern of resource based view is industry selection and positioning. True False
A: The resource-based view, or called (RBV) is the managerial structure utilized to define the strategi...
Q: The best way to help group members to learn how to make ethical decisions is to Select one: O a. giv...
A: Ethics is important in a company because it lays the foundation of strategic decision-making within ...
Q: conclude about cost leadership strategy...
A: There are various business strategies that are formulated by the management of the company. These st...
Q: How invested should a company be in hiring and providing benefits to their hires? Is it too demandin...
A: Introduction to recruitment Recruitment is the process of sourcing , screening and interviewing the ...
Q: IT outsourcing arrangements with specialist companies
A: IT outsourcing is referred to as the utilization of external service providers to fulfil IT-related ...
Q: Could I have a brief introduction to Pret a Manger, how they were founded and how they became so suc...
A: Entrepreneurs through their business ventures aim to provide something different and unique in the m...
Q: Explain Organizational behavior in a corporate world under the topics balanced scorecard, variance t...
A: Organizational behavior- for any working environment it is important to understand the human beha...
Q: What did Pret a Manger do to become such a successful business in London? How did they deal with com...
A: An organization adopts various strategic options in order to make their business operations sustaina...
Q: In the chapter's opening case, Nick, an intelligent and capable software developer, was assigned as ...
A: Project management has always been a predominant business function and it is getting more importance...
Q: Give relevance of having a risk management in an organizatio
A: The source of risk in an organization is indecision. Therefore, businesses progressively concentrate...
Q: How do corporations affect political decision making?
A: Decision-making is one of the key processes to arrive at a specific conclusion. While making a ratio...
Q: You are a manager and have been assigned to a task force to consider discontinuing a number of the e...
A: Benefits : Benefits can be defined as the additional rewards given to an employee which can be both ...
Q: Qatari company
A: Vodafone Qatar offers a comprehensive range of services that includes connectivity offers using mess...
Q: Describes activities involved in Problem Management with the aid of diagram
A: Many companies suffer needlessly due to they don't maintain an effective Problem Management approach...
Q: Which departmental area in a firm is responsible for product promotion and customer identification? ...
A: Every organization is made up of different departments, This department creates & manages overal...
Q: Negotiating hospital and managed care contracts means to keep contracting customers engaged with con...
A: Negotiation is an essential conversation that recompenses an issue that the two participants see as ...
Q: cooperative,
A: A team member who does not cooperate with the members should be given feedback and constructive crit...
Q: TRUE OR FALSE 1. Ethical principles remain the same and do not change over time.
A: The business values are the said as the working principles that guides decision making and other act...
Q: global leader
A: Global leadership is concerned with channelling and motivating employees who belong to distinct back...
Q: How can the management ensure that the redundant and out-of-date information flows are identified an...
A: Financial report processing is very important for any company because they depict the true picture...
Q: Write a short note on project implementation on the below topic Risk Assessment and potential risk t...
A: Risks and uncertainties. are part and parcel of the business lifecycle. Whether the organization is ...
Q: Tropical Leisure Limited has been making high-quality Caribbean leisure wear for over twenty-five ye...
A: Dear student as per our guidelines we can answer only 1 question in case of multiple questions poste...
Q: Multinational corporationsa. are easily manipulated by the governments of low-economy nations.b. som...
A: The international business is known for having business operations across various nations. It is req...
Q: When is it possible for a company to opt against having a website? What factors can lead a company t...
A: Company Website A site is an assortment of openly open, interlinked Web pages that share a solitary ...
Q: Samiyah and DeAndre play the following game. They take turns choosing either 1, 2 or 3. When it is a...
A: Samiyah has an ingratiating strategy in this game and she can consistently win this competition. The...
Q: 2. Using the figure above, draw channel of distribution diagrams for Expedia anc Priceline. What do ...
A: The structure of this firm is essentially based on the distribution channels which are wholesalers, ...
Q: STRATEGIC MANAGEMENT TOPIC: EXTERNAL ASSESSMENT 1. Describe the importance of an external assessmen...
A: [Hi! Thanks for the question. As per our Bartleby guideline, we are supposed to answer only ONE ques...
Q: What is the best way to for a leader to support one's memberg in achieving its performance targets? ...
A: Leadership is the capability of a person or a set of individuals to impact & direct followers or...
If a company fails to meet its designated KPIs, such as if a restaurant does not meet its target number of customers, what should it do?
Step by step
Solved in 2 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Papaya Partners is a distributor of papayas. They purchase papayas from individual growers and package them in 10-pound cartons for delivery to their various customers, generally supermarkets. Last month, they budgeted to sell $500,000 worth of cartons at a price of $25 each. Actual sales met a budget of $500,000 at $25 per carton. The management has received cost information based on actual performance and needs to understand the drivers of the overall variance from the budget. They have asked you, as an analyst in their management accounting department, to calculate and explain the variances. The following data has been provided: Budget Cost of fruit @ 10 pounds per carton $ 200,000 Cost of packaging @ 1 pound per carton $ 10,000 Labor costs @ .5 hourse per carton $ 90,000 Total Cost $ 300,000 Actual Cost of fruit @ 10 pounds per carton $ 244,200 Cost of packaging @ .55 pound percarton$ 11,000 Labor costs @ .75 hourse per carton $ 150,000 Total Cost $405,200 WHAT IS THE STANDARD COST…A company had an average inventory last year of $203,000 and its inventory turnover was 6. If sales volume and unit cost remain the same this year as last and inventory turnover is 8 this year, what will average inventory have to be during the current year?
- Tinker's 2020 cost of goods sold was $750,000 and 2019 cost of goods sold was $770,000. The inventory at the end of 2020 was $188,000 and $208,000 at the end of 2019. What was Tinker's inventory turnover during 2020? Group of answer choices A)3.79 b)3.99 C)3.84 D)3.89 E)None of the aboveSuppose the newsvendor model describes a firm’s operations decision. Is it possible to havepositive stockout probability and positive expected leftover inventory? Choose the best answer. a. No. If there is leftover inventory, then a stockout doesn’t occur.b. No. If the stockout probability is positive, then expected inventory must be negative.c. No. Actual demand can differ from sales.d. Yes. A firm does not stock out and have leftover inventory at the same time, but the stockout probability can be positive even though there is positive expected leftover inventory.e. Yes, as long as the underage cost is greater than the overage cost.An airline studied the data from their passenger records and noted that their customers turn up only about 95% of the time. A flight can accommodate 40 passengers and each seat costs 4,000 Php. Suppose each passenger books a ticket independently and the airline decides to sell 42 tickets for the flight. If more than 40 show up for the flight , then the extra passengers will be compensated PhP10,000 for rebooking and other expenses. 5. If Profit = Ticket sales-Compensation of Bumped passenger(s). What is the profit if 42 customers show up?
- Wholemark is an Internet order business that sells one popular New Year’s greeting card once a year. The cost of the paper on which the card is printed is $0.05 per card, and the cost of printing is $0.15 per card. The company receives $2.15 per card sold. Because the cards have the current year printed on them, unsold cards have no salvage value. Its customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each ofthe four regions is normally distributed with a mean of 2,000 and a standard deviation of 500. (Assume these four are independent.) What is the optimal production quantity for the card?On August, a light business bought $3600 worth of lamps. At the beginning of September, the store had $1400 in lights on hand, and by the end of September, it projected to have $1600 in lamps on hand to meet some of the forecasted October sales. And what's the August planned cost of goods sold?John buys goat milk at a cost of $5 per gallon from a local dairy and sells it for $8 per gallon in its store. The dairy will buy back any milk that is unsold at the end of the day for $2 per gallon. Each day John must determine how many gallons to order. Past sales have ranged between 15 and 18 gallons per day, according to the following demand pattern.Demand:15161718Number of days demand occurred:2486Assume that demand will be within this range in future.(a) What are the possible actions and states?(b) Determine the daily profit (rewards) and show on a reward table.(c) Using each of the following criteria, determine John’s best action.- Maximin- Maximax- Expected value(d) Construct the regret (opportunity cost) matrix and using minimax regret criteria determine John’s best action.
- Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.05 per card, and the cost of printing is $0.15 per card. The company receives $2.15 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Its customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,000 and standard deviation 500. (Assume these four are independent.) What is the optimal production quantity for the card?Over the past 12 months, Super Toy Mart has experienced a demand variance of 10,250 units and has produced an order variance of 12,050 units. Part 2 a) The bullwhip measure for Super Toy Mart is ______ (round your response to two decimal places). Part 3 b) If Super Toy Mart had made a perfect forecast of demand over the past 12 months and had decided to order 1/12 of that annual demand each month, the bullwhip measure would have been ______ (round your response to the nearest whole number.)Knights Ltd Wayne tells you he is planning the 30 June 2021 Audit of Knights Ltd, a company that produces and exports timber products to South East Asian countries. Knights contracts timber cutters to deliver set tonnages of logs to its mill throughout the year. The timber is then transported to Asia on charter vessels, which make an average of one trip a month. Timber is purchased in 50 hectare lots from plantations and state forests. In the past, 75% of timber was sourced from plantations, however this has fallen to 40% in the current year. The corresponding increase in timber sourced from state forests has angered environmental groups. Protests have been held in several forests, which has slowed production and frustrated the contractors, who are only paid once set tonnages of timber are delivered to the mill. These issues have meant that several shipments of timber have been delayed, angering the Japanese customers who are threatening to deduct 20% from amounts owing as compensation…