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A company has introduced a process improvement that reduces processing time for each unit; output is increased by 25 percent with less material, but one additional worker is required. Under the old process, five workers could produce 60 units per hour. Labor costs are $12/hour, and material input was previously $16/unit. For the new process, material is now $10/unit. Overhead is charged at 1.6 times direct labor cost. Finished units sell for $31 each. What increase in productivity is associated with the process improvement?
The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 34 percent of its business on Friday night, 28 percent on Saturday night, and 23 percent on Thursday night. What seasonal relatives would desc..
Define concentrated segmentation and geographic segmentation, state the advantages and disadvantages of each one, and give an example of each one.
Suppose your firm purchases a $4 per unit part from a supplier. Your firm uses the part to assemble red widgets. On average, you use 50,000 units of this part each year. How many parts should you purchase each time you place an order (i.e., what is t..
What are some steps an entrepreneur can take to improve the company's cash position?
Craft your Personal Mission Statement (see 7Habits of highly effective people p106) and describe in a 2-page paper. Discuss both left and right brain contributions. Also discuss your process of developing your mission statement and reflect on..
After an all-night study session the day before their last final exam, four first-year MBA students decide to stop for some much-needed coffee at the campus Starbucks. They arrive at 8:30am and are dismayed to find a rather long line. What is the imp..
In the corporate world, growth is a primary goal. In the public sector, service is paramount. This week, you learned about non-profit and international organizations. How does strategic planning differ between small businesses and multinational corpo..
List and explain the five categories into which all quality problem solving can be classified. Provide a product quality-related example and a service quality-related example for each category
Some retailers now allow consumers to respond to their text messages announcing a sale for a specified time period. Consumers must then visit the site to purchase the sale items. Which of the following retailing websites offer these limited time "fla..
A manager just received a new price list from a supplier. It will now cost $1.00 a box for order quantities of 801 or more boxes, $1.10 a box for 200 to 800 boxes, What order size would you recommend
Select a public company of your choice and run a PESTS analysis. Based on your analysis, what strategic initiative would you recommend? Why?
Research a global reverse logistics company and give a full report about the company including a full historical description of the company and major officers. In your research, locate financials about the company from the past 5 years and include th..
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