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Futura Furniture Products manufactures upscale office furniture for the "Office of the Future." The sales division is comprised of regionally based sales offices made up of sales representatives and regional managers. Sales representatives--who report to the regional managers--conduct direct sales efforts with customers in their regions. As part of the sales process, representatives gather information about likely future orders and convey that information back to the regional managers. Regional managers use that information to create sales forecasts, which are then used as the basis for manufacturing schedules. Sales representatives and regional managers are both compensated on a salary plus commission (percentage of revenue as pricing is centrally controlled). However, a regional manager's commision is adjusted based on regional sales that exceed the forecasted budget. Corporate managers are concerned with one of futura's key products, the "DeskPod." they worry that DeskPod forecasts are inaccurate, causing extreme havoc int he manufacturing process. How are the forecasts likely to be inaccurate? What do you think is driving inaccuracy? How might this problem be solved?
Union B faces a demand curve in which a wage of $6 per hour leads to demand for 30,000 person hours, whereas a wage of $5 per hour leads to demand for 33,000 person hours. Which union faces more elastic demand curve.
How to design an experiment to test the theory that changing the oil of the new backhoes and forklifts will reduce repairs.
In your opinion should our government impose price floors and/or price ceilings in our economy.
Illustrate what has happened in the market for your good or service in the curve you labeled D1. What happened to the equilibrium price.
What is the equilibrium Price and Quantity in the market? Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.
Suppose that a pay equity plan has just been put in place in your organization. The pay equity consulting firm did a job evaluation and assigned points to each of the male-dominated and female-dominated jobs.
Illustrate if the company has the cash necessary for the installation would you recommend the change. Illustrate if the company has to float 5,000,000php worth of noncallable bonds at 15%.
Illustrate what monthly profit would she realize with that level of business during the next 3 years.
illustrate what is cost of each combination. Illustrate what is minimum-cost combination. Plot iso-cost curves and isoquant, explain how cost-minimizing combination.
Explain why would elasticity of demand be important to you in determining the products on which the taxes should be leived.
Decide whether the Demand for paint is elastic, unitary elastic or inelastic. Elucidate your reasoning also interpret your results.
Compute the upper and lower limits within which marginal cost may vary without affecting the profit maximizing output or the price.
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