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Juan, the CEO of Hogtown Corp., has retained Don to act as the agent for Hogtown Corp in a55 purchase and sale transaction for widgets with YYZ Inc. Juan calls Elena, the CEO of YYZ Inc., to advise her that Don will be in touch to conduct the negotiations, as the agent of Hogtown Corp. Privately, Juan tells Don that the maximum purchase price he is authorized to pay per widget is $0.55. In the current market conditions, it is not uncommon for companies to pay as much as $0.70 per widget.
Don and Elena engage in negotiations. Ultimately, Don signs a contract on behalf of Hogtown, committing Hogtown to purchasing the widgets at a purchase price of $0.62/widgets.
Juan is furious. Juan wants to know if Hogtown will be bound by this contract.
Conduct on IRAC analysis based on these facts. Use full sentences. Each individual must submit his/her/their own answers to receive credit for this activity.
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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