Question 8You have recently been hired at a medium-scale foodfactory in Grove, East Bank Demerara, which produceswine from various fruits all throughout the year. Youhave noticed, however, large amounts of waste fromthe manufacturing being washed down and dischargeddirectly into the main drainage canal outside thefactory.In your own words, write a justification to yourmanager on why they should invest in a wastewatertreatment set-up/plant.

If not properly processed and disposed of, the waste from food manufacturing facilities can have a…

Answered: You have recently been hired at a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

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 4 Consider the following scenario and then answer the questions that follow: You intend to open a car battery sales and service store in a centre featuring two used car dealerships. You intend to differentiate your business based on excellent customer service. Explain the following types of customer service you intend to offer: Note: it is important that you consider using examples when responding to the below questions. Q.4.3.1 Complementary services Q.4.3.2 Delivery
Question 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 4 Consider the following scenario and then answer the questions that follow: You intend to open a car battery sales and service store in a centre featuring two used car dealerships. You intend to differentiate your business based on excellent customer service. Q.4.4 Explain how you will receive feedback from customers, as one step in setting up your customer service strategy. Note: it is important that you consider using examples when responding to this question.
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?
QUESTION THREE (3) SOKOI Group has been involved in the production and distribution of shoes and an assortment of leather products for over 25 years. SOKOI Group has recently decided to diversify its business portfolio and have invested about $2million dollars in the establishment of a modern hospital and health centre known as the SOKOI Medical Centre. As the Business Development consultant of this new hospital, explain to the management of SOKOI Group four (4) ways in which the shoes business differs from the hospital and healthcare business. Describe four (4) unique strategies you shall adopt in ensuring the operational success of SOKOI Medical Centre.
QUESTION 5:What is demand forecasting and why it’s vital to the company’s operations?
Question 2 "In air cargo revenue management, for every flight we operate, we first must forecast the capacity so we can understand how much space we can sell. Unlike on the passenger side where the number of seats is rather standard, the cargo capacity will vary based on the route, the aircraft, the number of passengers, the number of bags passengers are carrying and other metrics." Karri Kauppi, Head of Cargo Revenue Management & Pricing, Finnair Source: The Complexities of Air Cargo Revenue Management https://www.kambr.com/articles/the-complexities-of-air-cargo-revenue-management (a) According to Karri Kauppi, cargo revenue management (CRM) is complex. The first thing in CRM is to forecast the air cargo capacity which would depend on factors e.g. the route, the aircraft, the number of passengers, the number of bags and other metrics. Appraise how Karri practises CRM in forecasting air cargo capacity and pricing available cargo space for sale in order to maximize profitability.…
Question 1 (a) Adam has been layoff from his current company. He decided to start a new business by selling beverages. Describe FIVE (5) stages of individual product decisions that Adam need to go through. (b) Identify FOUR (4) types of service and illustrate your answer with relevant example.
Q21 The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue $ 348,000 Cost of goods sold 305,000 Value of production materials on-hand 42,500 Value of work-in-process inventory 67,000 Value of finished goods on-hand 27,500 a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) b. Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.)
Question 3George, a Pharmacist, has recently graduated from college where he did most of his coursesonline. He has no experience in management and is interested in opening his own Pharmacy in arural community where he is of the belief that there is a demand.George has approached you, a third-year student pursuing a Bachelor’s Degree in BusinessAdministration, to assist him to select the most appropriate business formation based on hispresent situation.A. The THREE (3) types of business formations are Sole Proprietorship, Partnership, and aRegistered Company. Give him a detailed analysis of any TWO (2) types of businessformations by critiquing TWO(2) main characteristics of each
Question 18 The study of operations management is A.Design, operation and improvement of productive systems B.A sequence of activities across organizations that are involved in producing and delivering a product or service C.A series of activities from suppliers to customers that add value to a product or service D.The identifcation of and elimination of activities from suppliers to customers that do not add value Question 21 TRUE OR FALSE Businesses that use Just in Time (JlT) purchasing consider purchase price to be the only cost Question 25 Supply chain management is the study of A.Material flows, information flow and financial flows across organisations B.Material flows, information flow and fnancial flows within organisations C.Suppliers involved in getting goods or services to market D.The measure of costs across organisations to determine the customer selling price

SEE MORE QUESTIONS

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS