A manufacturing process has a fixed cost of $300,000 per month. Each unit of product being produced contains $160 worth of material and $220 in labor. Each finished product will sell for $450.
How many units must be sold each month to break even?
What level of monthly revenue is necessary to break even?
What is the expected profit for sales levels of 1,000, 2,500,
and 5,000 units respectively.
In: Operations Management
Distinguish between upselling at a full service resort and upgrading at a full serivice resort. Give a example of each.
Compute how much more the cashier needs to get from the guest as the guest checks out OR
how much change the cashier needs to give as the guest checks out.
(Note: More information may be GIVEN than is needed.)
GIVEN: A guest from the Land of Everywhere (LE) has a folio balance of $639.00
The guest has been here 3 nights 9 LE’s = $1.00in the Land of Everywhere
The guest tenders 6 each of 1,000 LE bills
State sales tax is 5%
The bank’s rate is 8 LE’s = $1.00
Cashier’s give change in U.S. currency only
In: Operations Management
What is the role of a board of directors from an ethical governance standpoint? What is the role of CEO, Vice President, Manager, Supervisor, staff and administrative orall other employee groups of an organization. What is the ethical governance and accountability level of each group using all forms/norms or codes of ethics in today’s social and work environment.
In: Operations Management
Example of a product and service plan to redesign the menu and "dining experience" to attract more millennials to restaurants in your region. Looking for an example to draft up my discussion.
In: Operations Management
project proposal that includes project identification, a project plan, a schedule and budget with appropriate justification.
In: Operations Management
There was always a strong suspicion that the Volkswagen emissions-cheating scandal went all the way to the top. Now it’s clear that the US Department of Justice believes that to be true.
“The indictment unsealed today alleges that Volkswagen’s scheme to cheat its legal requirements went all the way to the top of the company,” U.S. Attorney General Jeff Sessions said.
The indictment alleges that Mr. Winterkorn was informed by employees of the company’s intentions to defraud U.S. regulators by cheating on diesel emissions tests in May 2014 and July 2015, but agreed with other senior VW executives to continue the efforts.
Mr. Winterkorn faces up to five years in prison and a $250,000 fine for the conspiracy count and up to 20 years jail time and a $25,000 fine for each of the three counts of wire fraud, according to the government.
Q1. Discuss why ethics are much important in this case.
Q2. Explain the ethics to be followed in marketing after Volkswagen scandal case.
Q3. Describe in detail the modern ethical models for decision making to solve Volkswagen issue.
Q4. Apply the characteristics that make a business decision ethical.
In: Operations Management
Inventory Control
You are the production manager of GVT Manufacturing, a company that manufactures a wide range of products, including fire extinguishers. Data shows that GVT is projected to manufacture 30,000 of these fire extinguishers next year. A production-year for GVT covers 300 days. Information on the product also reveals that each extinguisher requires one handle. Additional information gleaned from the production records shows the following: annual carrying cost per handle is US$1.50; production setup cost is US$150 and daily production rate is 300 handles. Required a) Calculate and state the optimal production order quantity that will minimise inventory costs. b) Calculate and state the corresponding inventory costs from the quantity calculated in (a).
In: Operations Management
Compute the anticipated room rate using the Rule-of Thumb, or Building Cost rate.
(Note: More information may be GIVEN than is needed.)
| GIVEN: | Number of rooms | 800 |
| Average Occupancy Percentage first two years | 60% | |
| Cost of erecting the building | $64,500,000 | |
| Cost of acquiring the land | $ 8,000,000 | |
| Legal costs to incorporate | $ 500,000 | |
| Upfront costs to lease furniture and TV’s | $ 100,000 | |
| Landscaping costs | $ 1,250,000 | |
| Cost of tearing down the old structure | $ 750,000 |
In: Operations Management
1- Describe a situation from work, school or your
personal life, where you have worked on a team.
2- Describe the forming and storming phases of your team's
development.
3- What actions could have been taken to make the team more
effective during these phases? Support your answer using concepts
from the book " Building High Performance Team ".
In: Operations Management
Please discuss the significance of Non Verbal Behavior. How it can block or ease communication in the Business Environment? Please provide an example to support your arguments.
In: Operations Management
Discussion question:
What kind of effects does social media have on consumer behavior when you are segmenting the market?
In: Operations Management
Fruits By the Foot By General Mills.
1) Your CEO has come to you and asked that you develop a NEW approach to pricing for your product for a specific new distribution outlet (he won’t tell you much, but it will reach a new target market: urban, mid to upper-income, multicultural, 20s-30s). What pricing strategy will you utilize and why?
2) How does this new pricing strategy fit with the Marketing Mix, Positioning, and Differentiation strategy for your company? What other creative new pricing methods might your brand consider to appeal to current customers and sell more product?
In: Operations Management
In your own words, define what is meant by "ethics in marketing"
and why it is an important subject to cover in this course.
Once you have chosen your topic(s), discuss related ethical considerations. Your post should explore how themes such as environmental, social, and legal considerations get balanced with the need to maximize a company's profit. For example, as a marketing executive part of your job would be to ensure that the company meets it sales and revenue goals. How do you balance that objective with environmental considerations? When is it "too much" or when is the push "too hard"? How are issues of consumerism affected by the type of product or service that is being marketed?
In: Operations Management
why is it important to keep detailed records for Maintenance projects? Please Explain
In: Operations Management
Discuss one job or field (e.g., sanitation workers, education, etc.) that you feel is not adequately compensated for their work efforts. Provide an explanation for your response. Support your response with an APA cited reference(s).
In: Operations Management