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Decreasing purchases of the items that regularly expire, assuming that such a decrease does not dramatically increase the per-unit cost of each of these items, would definitely present a cost savings to the organization. The other major costs that the organization has some (though not total) control over are the lost balls and the cost of trainers; it is likely that a move to hiring permanent trainers would be more cost-effective than hiring them on an as-needed basis, but more regular participation levels will need to be established for this to be effective. Likewise, it is possible for the organization to reduce lost equipment costs by erecting a temporary barrier to contain wildly hit balls, but the cost of the barrier would need to be fairly low and its durability fairly high to justify this.
6)a. Sales price variance = (25x40000) -- (25x39200) = 20000
Sales volume variance...
Direct labor variances are differences in budgeted and actual labor costs, and can be caused by differences in the actual rate of pay and in the actual labor hours per output unit.
c. Direct material variances are differences in actual and budgeted material costs, and can be caused by differences in the cost of materials and in the amount of materials needed.
d. Contingency plans are important because there are many uncontrollable variables in any business, and understanding/being prepared for several likely scenarios greatly increases effectiveness and efficiency.
e. Risk management allows companies to balance risks with rewards, selecting appropriate measures given a specific set of circumstances and projections while at the same time "hedging bets" and preparing to capitalize on multiple outcomes.
Political upheavals can work in a similar fashion, increasing the perceived risk of an investment without a direct corresponding increase in the potential rewards, as well as directly threatening the ability to transport goods, access and move capital, etc. (Peterson & Fabozzi 2002). Differences in tax laws could also make it advantageous for firms to restructure their capital budget to show income and expenditures in the nations that have the
2. What have you learned from a mistake? Of course, even as I speak with great pride of my accomplishments, I can quite easily recall some of my more humbling moments. Without question, and especially in the complex and fast-paced world of global finance, one is bound to make a mistake. And quite often, if one is to truly learn a lesson, the mistake might very well have been fairly huge and
Branding Affects the Buying Decision "How Does Branding Affect Consumer Purchasing?." Using this research question, analyze the strengths and weaknesses of each research method (qualitative and quantitative) within the scope of the proposed dissertation topic. Identify which method you will select (or state whether you will use a mixed methodology) and explain the reasons for your choice. DBA Qs 1 Answer The marketing guru Philip Kotler perceives branding as a "name, term,
Integrated Management Framework The notion of Operations Management (OM) resembles that of a tree with various branches attached to it; although each of the branches represents a separate icon, their roots are linked. Here, the various branches stand for Logistics, Purchasing, Supply Chain Management (SCM), Management Information Systems (MIS), Accounting, Engineering and Marketing. All have a different persona but play a significant role in the implementation of Operations Management and
This level of the maturity model is a transitory one and is focused more on either small, incremental gains from the first level, which is Reacting. In the Reacting layer of this proposed Branding Maturity Model, the majority of brand departments have a decidedly "every department for itself" approach to process maturity and have information flow that is purely dependent on personal productivity applications only. That is to say
Cognitive laziness, according to the experts, is a condition in which people reveal a tendency to take short cuts for a number of things, including a short cut to flying on automation, as in this case. Social loafing refers to the tendency displayed by people, in which people tend to expend lesser effort in any given situation, when there is a group of individuals involved. ("Cockpit automation may bias