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sdas [7]
3 years ago
15

Managers are important members of the organization. Within an organization, there are managers at four levels: top, middle, firs

t-line, and team leaders. This activity is important because each of these levels has different managerial challenges and decisions to make to achieve organizational effectiveness. The goal of this exercise is to challenge your knowledge of the four levels of management.

Business
1 answer:
Zolol [24]3 years ago
5 0

Answer:

1. Pat is Middle Level.

Pat is trying to implement the strategic goals of the company which are set by Top Management. That would make Pat a Middle level manager.

2. Rick is Top Level.

Rick is developing the policies for the entire company which would place Rick at Top Manager level.

3. Daisy is a First-line Manager

Daisy is responsible for the loading products such that it is done effectively. This is an operational duty which would place Daisy at First-line level.

4. Ruth is a First-Line Manager

Ruth directs art staff who are non-managers which would make Ruth a first-line manager

5. Gary is Top Level

By developing projections on long term growth, that means Gary contributes to strategic decisions thereby making Gary top level.

6. Greg is Middle Level

Greg is in charge of first line managers which places him directly on top of them which means he is a middle level manager.

7. Mike is a Team Leader

Mike is in charge of the team which is the textbook role of a team leader.

8. Nancy is a Team leader

The members of the team go to Nancy when they need to resolve conflict or when they want to coordinate their activities. As the team leader is in charge of team coordination, Nancy must therefore be a team leader.

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Answer:

we must first determine the annual payment:

annual payment = present value / annuity factor

present value = $25,000

PV annuity factor, 10%, 3 periods = 2.4869

annual payment = $25,000 / 2.48685 = $10,052.87

year       payment     interest paid       principal paid       ending balance

1          $10,052.87      $2,500              $7,552.87             $17,447.13

2         $10,052.87      $1,744.71           $8,308.16              $9,138.97

3         $10,052.87      $913.90             $9,138.97              $0

in percentages:

year       payment     interest paid       principal paid    

1               100%            25%                        75%

2              100%        17.36%                   82.64%

3              100%         9.09%                   90.91%

4 0
4 years ago
Which of the following marketing variables is concerned with design, quality,
Daniel [21]

Answer:

A. Product APEX

Explanation:

This is the correct answer.

3 0
3 years ago
Take a quick look at all the market segments by clicking on the SEGMENTS/SUMMARY tab. As you analyze the opportunity for each se
nignag [31]

Question Completion:

Demographic Data on Market Segments

Segment                         Market   Growth   Purchase   Average

                                          Size        Rate     Behavior      Price  

Urban Commuters       20,000         3%          23%        $45.00

School Children            35,000         1%          20%        $24.00

Outdoor Enthusiasts     14,000         5%          12%        $90.00

Luxury Trend Followers 5,000         7%           11%        $70.00

University Students      24,000        5%           15%       $32.00

Answer:

From looking at the information provided about each segment, the segment which represents the greatest portion of the entire market at close to 36% is:

School Children.

Explanation:

a) Data and Calculations:

Demographic Data on Market Segments

Segment                         Market   Growth   Purchase   Average   Market

                                          Size        Rate     Behavior      Price       Size %

Urban Commuters       20,000         3%          23%        $45.00     20.4%

School Children            35,000         1%          20%        $24.00     35.7%

Outdoor Enthusiasts     14,000         5%          12%        $90.00      14.3%

Luxury Trend Followers 5,000         7%           11%        $70.00        5.1%

University Students      24,000        5%           15%       $32.00      24.5%

Total market size         98,000

b) Market Size in percentage is computed as a ratio of each market segment to the total market size.  Companies engage in market segmentation and sizing by dividing a target market into smaller, more defined categories that share similar characteristics such as demographics, interests, needs, or locations.  The purpose is to identify the different groups within the target market so that more tailored and valuable goods and services can be provided to meet the customers' sweet spots.

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