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Your company has just made the scientific breakthrough of the century. It has invented a wrinkle cream that really works. One application results in smooth, wrinkle-free skin without costly and painful plastic surgery. There are other products that claim they eliminate wrinkles, but they only conceal them for an hour or two. Your cream works so well it needs to be used only once a month to keep skin silky. The cream is relatively inexpensive to produce with a total production cost of 20 cents per ounce. The cream could, therefore, be priced at either a competitive level or below it. The firm is not sure which policy is the best to follow.
When your Silky Skin Solution is promoted, your firm wants to have as many tubes as possible on the retailers’ shelves. Thus, the firm plans to offer its wholesalers a much larger discount than is normal.
If the product is handled correctly, the return on investment should be between 40 and 70% after taxes. It would be the most profitable product in your firm.
Assume that you are the product manager for Silky Skin Solution. Don’t forget to justify your answers.
1. What pricing policy will you follow?
2. Describe how you would package the product.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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