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In considering the price part of the 4Ps, and the customer demand aspect of that, I'd like you to leave this course knowing about "elasticity of demand". Can you explain how that concept works?
1. What are an operations manager's responsibilities? Answer: They design the operation; they plan and control activities by: 1. Developing an operations strategy 2. Un
Some ethical philosophers are deep thinkers. In the area of distributive justice, the concept of ‘Veil of Ignorance' by John Rawls is not an easy concept to understand. In your own
What are the CSF''s in making location decisions
Q. What is need of computer-integrated manufacturing to manufacturing operations? Computer-integrated manufacturing (CIM) implies manufacturing supported through computers. The
travel on Mountain Airlines for the past 18 weeks was: Week Passengers Week Passengers 1 402 10 440 2 410 11 446 3 420 12 451 4 415 13 455 5 412 14 462 6 414 15 466 7 424 16 474 8
Disadvantages of Observation Methods: According to bailey the disadvantages in observation technique are: 1. Lack of Control: In artificial setting control over variable sis
1. What is a serial entrepreneur? Is this a new phenomenon? 2. What does it take to be a successful serial entrepreneur? 3. Steve Chen, former PayPal engineer who co-founded
George Johnson recently inherited a large sum of money; he wants to use a portion of this money to set up a trust fund for his two children. The trust fund has two investment optio
Describe the advantages of work study. The following are the advantages: (i) Uniform and enhanced production flow, (ii) Higher productive efficiency, (iii) Decreased
Do you anticipate that Facebook will ever be successful in developing a business model that monetizes their site traffic even further? When they had their public offering, the valu
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