Is it generally easier for a service or a manufacturing firm

Assignment Help Business Management

Reference no: EM131298358

A health club differs from manufacturing firms in that it produces a service rather than products. When a service firm such as a health club considers the creation of a new facility, it must forecast demand for services there.

When a manufacturing firm considers the creation of a new facility to produce more of its product, it must forecast its demand.

Is it generally easier for a service or a manufacturing firm to forecast demand?

Reference no: EM131298358

Questions Cloud

About the mcdonald''s strip search incident : Review "Clippings" on pages 607-608 of your textbook about the McDonald's strip search incident. Imagine a scenario that is not quite as egregious as the one referenced. Instead, imagine that a female assistant manager performed the same cavity se..

Most you should be willing to pay today for this investment : You have the chance to receive $700 at the end of 2 years. a) If you can earn 5% on similar risk investments, what is the most you should be willing to pay today for this investment (i.e., today's value)? b) If you pay $650 today would you be earning..

Explain three business risks or threats : Explain three business risks or threats that might threaten Whole Foods ability to accomplish their financial goals for the next 3 years. Use examples and references to support your response.

Write algebraic expression that represents the area of flag : Write an algebraic expression that represents the area of the flag. They decided the area should be 260 square feet. What would the dimensions of the flag have to be? Use what you wrote in part a) to write an equation and solve it.

Is it generally easier for a service or a manufacturing firm : When a manufacturing firm considers the creation of a new facility to produce more of its product, it must forecast its demand.- Is it generally easier for a service or a manufacturing firm to forecast demand?

Fully discuss the pros and cons of situation : If a firm shows a relatively high (much higher than the industry average) inventory turnover ratio, what does this mean? Fully discuss the pro's and con's of this situation.

Is the equilibrium an overfishing equilibrium : With a quota of 40 tons a month for the tuna fishing industry, what is the equilibrium price of tuna and the quantity of tuna that fishers catch?

How much energy is released in an earthquake : How are earthquakes recorded? How are earthquakes measured? How is the magnitude of an earthquake determined? How much energy is released in an earthquake?

Designing training for an international : A human resources department needs to take into account a variety of practical matters when designing training for an international assignment. What should the department focus its training resources on when preparing employees for overseas assign..

User Account

All Pages