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Forecasting
Select a product that you can purchase at a grocery store or at a discount retailer and respond to the following:
Identify the factors that would impact the demand for the product that you have selected.
If you wish to develop a forecast of the demand for this product in a future month (or for other appropriate time period), identify what type of forecasting method would be appropriate.
Identify the variables for which you would need values to be able to calculate an actual forecast for a future month (using the forecasting method you selected).
Create an equation that you believe would accurately predict the demand for this product in a future month and solve the equation to derive a forecast for this product in the future month that you had selected.
You have noticed that the leadership culture in the organization has been ineffective, which has lowered employee morale.
Ethical, legal and regulatory conflicts occur when conflicting values are at odds. Discuss this ethical, legal and regulatory conflict with usual three comments
Two machines are currently in use in a manufacturing process. The standards for this process are LSL = 0.400" and USL = 0.403". Machine One is currently producing with mean 0.401 and standard deviation 0.0004. Machine Two is currently producing with ..
Power relationships and politics exist in all organizations and even between and among individuals.
How big is the market? Is it expanding, contracting, or stagnant? What are the barriers to entry?
Compare and contrast the advantages of global versus local ad agencies for implementing international advertising.
What are the main advantages of using a network-based approach to project management rather than a Gantt chart?
Vern Toney managed the small IT group of a growing business. Vern's boss, the CFO, was on Vern's back to cute costs in the IT group.
Explain the techniques for effective project control and their characteristics.
Now, suppose you were a design engineer that worked on the Ford Pinto, after hearing about the rear-end crash tests of early prototype, you go to the Chief Engineer and voice your concern over the design.
Why do many companies choose to have their goods manufactured overseas, where labor costs are low? Is this just good strategic thinking, or are their ethical issues involved as well? Use specifics to explain.
It influences the types of jobs that are available and requires companies to adjust to different geographies, cultures and legal environment.
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