Improve financial performance of a modern business

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Reference no: EM132915057

1.You are required to explain clearly how the following techniques could be used to improve the financial performance of a modern business: (i) Building block model (ii) Just in time (iii) Zero-based budgeting (iv) Business process re-engineering.

2.Assuming that you are the head of the finance department at Chengshi Refrigerator Company (CRC), who is participating in a meeting to negotiate a strategic partnership with the German Engineering Group (GEG). What are the financial aspects to be considered, financial offer/statement?

3.It has been found that the repair cost (to the company) for the products returned averages $350 per unit returned. An engineering change has been suggested that will reduce the defect rate from 10% to 4%, but this engineering change will add $5 to the cost of each unit produced. Due to competitive forces, there is no opportunity to raise prices to recover the additional cost.

If the decision to adopt the engineering change is driven by financial considerations only, should the company make the engineering change or not (justify your decision)?

Reference no: EM132915057

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