Xolani has just completed matric and has enrolled at a University in Cape Town, to complete a BCom Degree. His dad is unable to drop and fetch Xolani due to work commitments and therefore believes it best to purchase Xolani an entry-level car, not more than R150 000. He has given Xolani the freedom to choose and purchase the car. Xolani has two older brothers who are car enthusiasts with lots of experience. He decides to take them along to the car dealerships. They helped him find a car that was safe with a fair number of additional features and style. Xolani was happy to be driving himself to Varsity on his first day. 1 - Read the scenario above and identify examples of the following family roles. You may make assumptions as you see fit. Explain your answers. Initiator Influencer User Decision maker Purchaser 2 - Read the scenario above and identify examples for each phase of Xolani’s decision making process, when purchasing his car.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
complete a BCom Degree. His dad is unable to drop and fetch Xolani due to work
commitments and therefore believes it best to purchase Xolani an entry-level car, not
more than R150 000. He has given Xolani the freedom to choose and purchase the
car. Xolani has two older brothers who are car enthusiasts with lots of experience.
He decides to take them along to the car dealerships. They helped him find a car that
was safe with a fair number of additional features and style. Xolani was happy to be
driving himself to Varsity on his first day.
1 - Read the scenario above and identify examples of the following family roles. You
may make assumptions as you see fit. Explain your answers.
- Initiator
- Influencer
- User
- Decision maker
- Purchaser
making process, when purchasing his car.
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