Questions
Many consumers are shopping in bulk to stock enough supplies for “stay at home” period and...

Many consumers are shopping in bulk to stock enough supplies for “stay at home” period and many stores has faced difficulties in providing necessary products. Many services are suspended till the further notice, and many online/offline sellers have taken advantage of this historical moment by limiting the supply and increasing the price dramatically.

As a marketer, how do you interpret consumer behavior and the opportunistic behavior of marketers?

What do you suggest to the government and policymakers?    

In: Operations Management

2-Each student will prepare an 8-12 page research paper (2-3 pages for each question): double-spaced, Times...

2-Each student will prepare an 8-12 page research paper (2-3 pages for each question): double-spaced, Times New Roman and 12-point font.

3-Originality is a “must” in research. Therefore, use your own words when answering questions - DO NOT copy text from your book or any other source. Copied answers will result in a zero on this assessment.

4-Use references, if needed. Please use APA format when citing sources.

The coronavirus is hitting businesses and their employees. Some businesses are still open and millions of employees are working to serve customers. Some of the employees work in their workplaces while some others work from home. Almost all employees worry whether they will lose their jobs or if they will have a pay cut. It is obvious that unemployment will rise because millions of employees will lose their jobs and the remaining employees may have a pay cut (10, 20, 30, 50%) depending on the position in his/her workplace. Because of the coronavirus, the business environment has started to change. It is becoming a challenging fast-changing environment. Currently, many managers are faced with difficulties. In the near future and in the long run, they will need to deal with important issues. Lastly, you have to remember that one can easily manage firms during prosperous times but effective managers flourish during difficult times.Below is a sample list of terms that you can use when answering the questions. Job security and protection; Employee morale; Employee stress; Anxiety; Employee wellness; Effective decision making; Work performance; Key competencies; Productive employees; Quality of work produced; Work-life balance; Mental health; Employees in a high-risk health category; Illness; Government sector; Health sector; Security forces.

Q1-What should managers do to manage employees and minimize the negative effects of the coronavirus on employees? Discuss the major OB issues faced by managers when dealing with employees who are currently working and the major OB issues that managers need to handle in the near future.

Q2-What would be the possible changes and developments in the workforce and workplace diversity in the near future and in the long run? Discuss.

Q3-How should managers handle an employee that is unable to work due to age or health issues?

Q4-What kind of expertise, knowledge, skills and abilities will be needed from employees in the near future and in the long run? Discuss.

Q5-What should managers do to increase the job satisfaction of currently working employees? Discuss.

Q6-Discuss how to deal with emotions that can arise from the current situation and how to stay emotionally healthy during the coronavirus outbreak.

In: Operations Management

what is the difference between "rule of law" and "rule by law"? Can the different approaches...

what is the difference between "rule of law" and "rule by law"? Can the different approaches to law help to explain government structure in Pacific Asia?

In: Operations Management

Decentralized warehousing system is consistent with: Group of answer choices A. Lower safety stocks required, Shorter...

Decentralized warehousing system is consistent with:

Group of answer choices

A. Lower safety stocks required, Shorter lead times

B. Higher safety stocks required, Longer lead times

C. Higher safety stocks required, Shorter lead times

D. Lower safety stocks required, Longer lead times

In: Operations Management

A Manufacturing Company produces three types of expresso machines: Grade-A model, Grade-B model, and Grade C...

A Manufacturing Company produces three types of expresso machines: Grade-A model, Grade-B model, and Grade C model. The Grade-A model is sold at a unit price of $750 per unit; Grade-B model is sold at $600 per unit; Grade-C model is sold at $450 per unit. XYZ requires 25lb of steel and 5 labor hours to manufacture a Grade-A machine requires, 22lb of steel and 4 labor hours for a Grade-B machine, and 20lb of steel and 3 labor hours for a Grade-C machine. A total of 6000lb of steel and 1500 hours are available. If any Grade-A machine is produced, an equipment cost of $20,000 is incurred; if any Grade-B machine is produced, an equipment cost of $18,000 is incurred; if any Grade-C machine is produced, an equipment cost of $15,000 is incurred.

  1. What is the effective capacity for each model of expresso machine, respectively?

  1. In the optimal solution, which type(s) machine will be manufactured? What is the optimal production quantity? What is the optimal profit?

In: Operations Management

what are the differences between customer audit and market audit

what are the differences between customer audit and market audit

In: Operations Management

Write your thoughts on this discussion. Estimating the product demand for a product is extremely crucial...

Write your thoughts on this discussion.

Estimating the product demand for a product is extremely crucial to a business for several reasons. Those in charge of a business hold the responsibility of keeping that business profitable in the short and long term. In order for a business to be profitable, they must be able to accurately assess product demand for each item that is being marketed in order to cut out excess costs involved with overproduction. It is crucial for companies to understand the factors affecting their product demand. For starters, increasing a products price will inherently lower product demand if all other factors remain the same. However, certain elements such as income level, the size of the consumer population, complementary and substitute goods present in the market, and variations in consumer preferences and taste can all have major influences on the demand curve (Samuelson & Marks, 2015). Another factor that may have an effect on product demand is price elasticity, which basically gauges the consumers response to price changes. As stated earlier, increasing price typically decreases demand. Although, if a product is inelastic, like say the Apple iPhone, a business can essentially raise the price a little each year and maintain strong sales with little decease in quantity.

One example where a business failed to adequately estimate demand is in the mid 2000s when Blockbuster, a video rental company, decided that having physical brick and motor locations were going to remain in demand even after the digital age of streaming was taking off. Although blockbuster had weathered the storm in the VHS to DVD crossover, they were not able to maintain profitability when companies such as Netflix offered services that allowed people to receive DVDs by mail and also eventually stream movies. Blockbuster likely though that they had enough brand loyalty seeing they had dominated the video rental market for several years. However, their inability to predict the demand of a physical store for pickup and drop-off of rental DVDs, ultimately cost them everything.

In: Operations Management

Define Utilitarianism, Ethical egoism, Virtue Ethics , Right Ethics, Duty Ethics. How ethical frameworks interlap with...

Define Utilitarianism, Ethical egoism, Virtue Ethics , Right Ethics, Duty Ethics.

How ethical frameworks interlap with management issues and bad decisions.

How ethical frameworks help improve a business or organization. Simple terms please.

In: Operations Management

Answer the following three questions. You can use any reference to write your answers (e.g., textbook,...

Answer the following three questions. You can use any reference to write your answers (e.g., textbook, articles, internet web pages, etc.

1. Your boss told you that he wants to put you on charge of the opening ceremony for company new plant in Jeddah. He gives you the authority to choose your team members and to make all necessary decisions. The ceremony will be held on October 30th. Explain in details how are you going to manage your team throughout the assignment.

2. One day you came back home to find your older brother setting there. You asked him: “Why did you come early from work?” He replied: ”I did not go to work today.” You noticed that he was frustrated and nervous. Obviously, his job satisfaction is low. Using what you have learned from this course, explain in details what are the possible reasons for his dissatisfaction.

3. You have decided to become the president of the student club at the college. Based on what you have learned from the topics of leadership, power & politics, and conflict & negotiation, explain in details how you are going to practice your leadership role as the club president.

In: Operations Management

Formulate workplace scenario dealing with the following topics sexual harassment. Recommend corrective action for this scenario,...

Formulate workplace scenario dealing with the following topics sexual harassment. Recommend corrective action for this scenario, so they fall in line with the current statutes and laws. Make sure to provide a scenario for topic and provide a recommendation. The scenario and recommendation should be a minimum of 300 words in length.

In: Operations Management

Write your thoughts on this discussion when it comes to the success of an organization or...

Write your thoughts on this discussion

when it comes to the success of an organization or firm its extremely important to be able to predict the product demand of the current market. This calculation, if determined correct, will help to grow the firm’s business, grow their experience, also it will help them set a price for their product, so they are competitive. The firm uses this calculation to determine if the ability of their production efforts will meet the markets demand. If their calculation is positive, the firm can produce a large amount of a product which will make them successful, if they are unable to produce a product to meet the market’s demand then this will hurt their chances of receiving a large enough profit. When it comes to this calculation or demand forecasting, this process of predicting the future sales of a product is derived from data collected over the years to help the decisionmakers make the best and informed decision about the inventory, planning, and warehousing needs to promote the item to the market and towards the customer demands (Lopienski, 2019). An example of a successful demand forecasting that took place was, when a successful vehicle producing company researched and investigated their current sales of a specific vehicle. They also looking at past data of that specific vehicle and the style, model, trim, engine type, and color. After looking at the data presented by the research department the vehicle production company was able to predict the expected growth of the vehicle, along with predictions of the short-term demand of the product over the next twelve months (Oti-Yeboah, 2018). The firm used in the example was able to successfully sell their vehicle to the demanding market and then profit from the research and investigation work that took place. When it comes to estimating the product demand there are a few different factors that contribute. Passive demand forecasting is normally conducted by a business that has a good business structure and conservative growth plans. An active demand forecasting can be conducted with the purpose of diversifying the firm with an aggressive plan to grow the firm quickly in the market. Also, short-term demand forecasting can be conducted within a three to twelve-month period, here the firm will look at the data presented during all four seasons to accurately adjust for the market. The vehicle corporation was able to utilize passive, active, and short-term demand forecasting to predict the markets outcome and contribute a product in which all consumers will gravitate towards (Oti-Yeboah, 2018).

In: Operations Management

Formulate workplace scenario dealing with the following topic; affirmative action. Recommend corrective action for each of...

Formulate workplace scenario dealing with the following topic; affirmative action. Recommend corrective action for each of these scenarios, so they fall in line with the current statutes and laws. Make sure to provide a scenario for topic and provide a recommendation. The scenario and recommendation should be a minimum of 300 words in length.

In: Operations Management

What are the strategically relevant components of the Macro-Environment of ''Man Türkiye(Turkey)''?

What are the strategically relevant components of the Macro-Environment of ''Man Türkiye(Turkey)''?

In: Operations Management

Write your thoughts on this discussion. Hypothesis testing is how one would be able to define...

Write your thoughts on this discussion.

Hypothesis testing is how one would be able to define a certain population. According to the text, Hypothesis testing involves drawing inferences about two different theory related to the population (Evans, 2013). Most healthcare uses hypothesis testing in medical packaging validation, to ensure that products reach consumers safely. Also, hypothesis testing is used to show that package creation will continue to produce the outcome they designed it for (Fotis,2008). The first step in hypothesis is to propose an educated guess, by utilizing the ‘IF’ and ‘AND’ within the statement. The null hypothesis represents an existing theory that is accepted, while the alternative hypothesis must be true if reject the null hypothesis (Evans,2013). Regarding the medical packaging validation, one would ask, are the sampling data misleading or do they support the decision to validate the production process?

  The next step in the process is data would then be collected and summarized. This is where you want to gather enough data to draw conclusions about whether there is enough evidence to reject the null hypothesis. Next, evidence is collected to assess the testing to help draw the conclusions. This is when one would show a statistical inference through charts, by finding the p-value to define the level of significance. The significance level usually provides a good guideline for drawing conclusions.

The difference between parametric and nonparametric hypothesis testing is parametric takes the form of a normal distribution, this typically rely on quantitative data being nearly distributed to display the population parameters. Nonparametric is used on nominal, ordinal, and quantitative data (Lecky, 2019). If any differences exist, this would be found using the parametric data. In other words, non-parametric can be used on any data versus parametric can only be used on normal distribution.

In: Operations Management

Use the 7 steps in an advertising campaign for one of your favorite product. Clearly label...

Use the 7 steps in an advertising campaign for one of your favorite product. Clearly label each step, and provide details for each.

In: Operations Management