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On July 8, 2013, The Kitchen Store bought a set of pots with a $120 list price from Corning Manufacturing. The Kitchen Store receives a 25% trade discount. Terms of the sale were 2/10, n/30. On July 14, The Kitchen Store sent a check to Corning for the pots. The Store's expenses are 20% of the net price. The Store must also make a profit of 15% on the total costs (cost plus expenses). A competitor marked down the same set of pots 30%. Assume The Kitchen Store then reduces its selling price by 30% as well
What is the sale price at Kitchen Store?
What was the operating profit or loss?
Now develop a modified level strategy where you can hire (or layoff) at the beginning of the year only. There are to be no backorders, but inventory and overtime is allowed. What is the total additional cost of this plan?
In organizations there are supervisors, managers and leaders. What makes them different? Define each role and discuss the fundamental differences of each.
Determine the upper and lower control limits of the x-bar chart. Please give the formulas for calculating UCL and LCL and at least one step of calculation for full credit.
Illustrate what alternative kinds of promotions are most likely to build brand equity further. Explain how can product/service extensions do same. Illustrate what are pros also cons of each.
Explain some of the group decision-making challenges the team may experience and recommend ways to overcome them.
which parts of the strategic management process do you think are most difficult, and why? Given the importance of strategic management, why do so many strategies fail?
What about selling the same t-shirts individually on the street, at a craft fair or on eBay? What strategies would you consider for lowering your costs?
If the labor productivity at the plant is 0.15 hot water heaters per labor-hour, how many laborers are employed at the plant?
The number of no-shows is an approximated normal distribution with a mean of 1 and a standard deviation of 1. How many rooms the inn should overbook per night?
Of the four conflicts that characterize teenagers, which would be more of an issue in Asian societies where conformity is highly valued.
Which of the following responsibilities do human resource managers fulfill in their role as employee advocates?
Discuss at least two pricing strategies you can use to increase your revenues and analyze them in terms of their ability to generate additional profits. Indicate any additional assumptions you are making.
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