What percentage improvement is needed in a sales strategy for profit to improve to $6000? What must sales be for profit to improve to $6000?
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- 1. Give four examples of firms you think would be significant users of cost management information and explain why. 2. Give three examples of firms you think would not be significant users of cost management information and explain why.A purchasing and supply chain performance measurement and management system should directly support corporate goals and objectives. A measurement system that directs behavior and activity away from those goals and objectives is counterproductive and can cause greater harm than good. Effective performance measurement systems have certain characteristics. Select three characteristics and discuss why a measure should possess that characteristic. Why is it sometimes advantageous to benchmark performance against a non-competitor?You are the management accountant for a small company that makes and distributes picante sauce. You’ve been asked to prepare a presentation that will illustrate the company’s value chain. a. What activities or types of companies would you include in the upstream (supplier) part of the value chain? b. What activities would you include in the internal value chain? c. What activities or types of companies would you include in the downstream (distribution and retailing) part of the value chain? Need Proper explanation
- You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 10 racing bikes per week at a retail price of $649.99. Recently, you put the bikes on sale at $599.99. At the sale price, 13 bikes were sold during the one week sale.What was your markdown percent on the bikes? (Round your answer to one decimal place.)What is the percent increase in number of bikes sold during the sale?How much more revenue (in $) would be earned in 6 months by permanently selling the bikes at the lower price rather than having a 1 week sale each month? (6 sale weeks in 26 weeks.)$ more revenue1. A hotel tries to reduce the perishability of its services by selling last minute inventory at a highly discounted price. This technique presents threats to a company’s: A. Brand image B: Variability of services C: Relationships with suppliers D: Human resources turnover 2. Sometimes, hotel and airline companies upgrade guests to higher-end services. For such services, there are not a lot of word-of-mouth, reviews, or pictures available. For example, a hotel may upgrade a guest who paid for a regular room to a suite in order for the guest to experience an upscale product that the customer does not purchase often, but may purchase in the future. This situation, where a guest may experience an unfamiliar upscale service for the first time, is likely to result in a __________ in the __________ of services. A: increase, intangibility B: reduction, intangibility C: reduction, variability D: increase, variability 3. In hospitality and travel industries, customers and frontline…If you were assessing the value of a business which two factors would you take into account and in which financial statement would you find them? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt A V I.
- You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 10 racing bikes per week at a retail price of $639.99. Recently, you put the bikes on sale at $599.99. At the sale price, 12 bikes were sold during the one week sale. What was your markdown percent on the bikes? (Round your answer to one decimal place.) % What is the percent increase in number of bikes sold during the sale? % How much more revenue (in $) would be earned in 6 months by permanently selling the bikes at the lower price rather than having a 1 week sale each month? (6 sale weeks in 26 weeks.) $ more revenue As manager of World Wide Athlete, would you recommend this permanent price reduction? Explain. (Just consider revenue, ignore cost.) Yes, permanent markdown increases revenue significantly. No, permanent markdown decreases revenue significantly. No, permanent markdown does not change revenueMy product is called "The Perfect Cup." It is a reusable coffee cup that helps people save money and reduce waste. Conduct a SWOT analysis for your product. Strengths: What are the positive internal factors for your product? Examples could be a new, innovative product or service; location of the company; quality processes and procedures; or any other aspect that adds value to your product or service. Weaknesses: What are the negative internal factors for your product? Examples could be undifferentiated products in relation to your competitors; location of the company; poor-quality goods or services; or a damaged reputation. Opportunities: What are the positive external factors that could influence your product? Examples could be mergers; joint ventures or strategic alliances; new market segments; international markets; or a market vacated by an ineffective competitor. Threats: What are the negative external factors that could influence your product? Examples could be new competitor in…Cost:1-Low cost operationsQuality:2-Top quality3-Consistent qualityTime:4-Delivery speed5-On time delivery6-Development speedFlexibility:7-Customization8-Variety9-Volume flexibility How can benchmarking help a company improve on any or all of the listed, (9) priorities?
- 44. In order for customers to perceive that a company offers them more value or more utility per dollar, the company must work to improve what might be referred to as a) Value ratio b) Value for money c) Customer satisfaction d) Satisfaction 45. Which one does not use operations management? a) Bank b) Hospital c) Restaurant d) None of the above 46. Business organizations compete with each other in a variety of ways, such as all of the following except a) Price b) Product or service features c) Flexibility d) All of the above 47. The definition of quality that involves the product functioning as expected without failure is a) Performance b) Standardization c) Conformance d) Reliability respect to competitive priorities, intermittent operations compete more on compared to repetitive operations. 48.Calculate the EUAC of a company If P = 1000$, n = 10 years and i = 10%. Select one: O a. 163$ O b. 160$ O c. 150$Application of IS Concepts to Manage a Company during a Global Pandemic With a global viral pandemic such as COVID-19 has forced governments to forbid any type of gathering of more than 10 people at one place. Administrators in some states and counties imposed lockdowns or shelter-in-place orders. Businesses have and are currently suffering from loss of customers, absence of employees in the workplace and lack of supplies from producers and distributors. Millions of people are without jobs and without paychecks to support their family. Now imagine that the CEO of Walmart ( retailer) has offered to hire a person as a consultant and asked for ideas that can help them manage their organizations. Explain how information and communication technologies have been used by some companies to continue to function while others have shut down their operations and then give some recommendations to the CEO to consider in managing the organization. Key Term Table Business model Business processes…