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leonid [27]
3 years ago
11

the initial business model of the ocean house focused on investing in the development of its staff in the early years before rai

sing its rates to generate higher profits. in this regard , Ocean house was implementing which business model?
Business
1 answer:
tankabanditka [31]3 years ago
7 0

Answer:

Strategic Human Resources Management

Explanation:

Strategic human resource management is the process of ensuring that employees are attracted, developed, rewarded and retained in order to maximize benefits not only for the employees alone but also for the whole organization.

Strategic human resource management is practiced in such a way that the goals of human resource department and the rest of the organization are in the same direction of ensuring organisational success. This is done by ensuring the best employees required by each department in the organisation are recruited as at when needed, provided adequate training and duly motivated. Therefore, strategic human resource management renders support to the organizational success.

Advantages of Strategic human resource management include high customer satisfaction rates, rise in job satisfaction, increased productivity, allows resources to be managed efficiently, and among others.

All the best.

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We know that the longer a person saves, the more time their savings have to compound and grow. Given that fact, why do you think
vivado [14]

Answer:

The illusion of time

Explanation:

This is because younger people think that they have time to save up later; that if they spend now, they can always make up for it later. On the other hand, older people know that they don't have much time (comparatively) to save money as they did before, so saving money becomes a bigger deal for them.

5 0
2 years ago
A product that is in a high-growth market but has a low market share would be classified as a ________ on the bcg matrix.
finlep [7]

A product that is in a high-growth market but has a low market share would be classified as a question mark on the Boston Consulting Group (BCG) matrix.

Question marks consume huge amounts of money but they do not generate a lot of cash.

4 0
3 years ago
Read 2 more answers
Why would the government allow companies to buy and sell permits that allow companies to emit specified amounts of pollutants
Arturiano [62]

Answer:

To removes bias in the allocation of emissions rights.

Explanation:

The government allow companies to buy and sell permits in order to removes bias in the allocation of emissions rights. These permits are given to the companies that allow other companies to emit a specific amount of pollutants from their industries. If there is no permits given to companies so these companies emits huge amount of pollutants which pollute the whole environment.

7 0
3 years ago
Derek's company was bidding on the construction of a new penguin display at a world-famous zoo. when putting together his bid, d
Marina CMI [18]
<span>Derek's company was bidding on the construction of a new penguin display at a world-famous zoo. when putting together his bid, derek began by determining what the zoo would be willing to pay for the structure, and then subtracting a reasonable profit for the company. the result would be the cost of production. for example: if price to zoo = $6 million, and company profit margin = $2 million, the cost to produce cannot exceed $4 million. [$6 million - $2 million = $4 million.] the demand-based pricing strategy in this example is called target costing.

</span><span>Target costing is an approach to determine a product's life-cycle cost which should be sufficient to develop specified functionality and quality, while ensuring its desired profit. It involves setting a target cost by subtracting a desired profit margin from a competitive market price.</span>
7 0
3 years ago
At a chip manufacturing plant, four technicians (A, B, C, and D) produce three products (Products 1, 2, and 3). This month, the
Vesna [10]

The chip manufacturer can maximize the monthly profit by using the objective function: z = 6X₁ + 7X₂ + 10 X₃

An objective function is a function that has the goal of maximizing or minimizing the model's value based on the relationship between the variables in the function.

The term "decision variables" refers to a group of variables that are responsible for regulating the objective function.

The decision variable for the quantity of the product 1, 2, 3 manufactured can be expressed as:

  • X₁, X₂, X₃

The objective function used in maximizing the profit is:

  • z = 6X₁ + 7X₂ + 10 X₃

This is subjected to the constraint:

  • 2X₁ + 3X₃  ≤  120     (Tech A time and manufacturing limitation)
  • 2.5X₁ + 3X₂  ≤  120  (Tech B time and manufacturing limitation)
  • 4X₂  ≤  120               (Tech C time and manufacturing limitation)
  • 3.5X₂  ≤  120            (Tech D time and manufacturing limitation)

Learn more about objective function for maximizing profit here:

brainly.com/question/12975426

7 0
2 years ago
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