Some people believe that the planning function is the most important one for a manager. Why might that be true?

In a waiting line system, suppose the arrivals are random with an average of 6 customer per hour, whereas the average capacity o

agasfer [191]

Common quantity of clients ready in line is the subsequent measures of machine overall performance is a key degree with recognize to consumer satisfaction.

The required details for customer in given paragraph

In sales, trade, and economics, a consumer (on occasion referred to as a patron, buyer, or purchaser) is the recipient of a good, service, product or an concept - received from a dealer, vendor, or supplier thru a economic transaction or exchange for money or a few different valuable consideration. Clients who habitually go back to a dealer broaden customs that permit for normal, sustained trade that lets in the vendor to broaden statistical fashions to optimize production processes (which alternate the character or shape of products or services) and deliver chains (which adjustments the vicinity or formalizes the adjustments of possession or entitlement transactions). The time period patron is derived from Latin customers or care meaning "to incline" or "to bend", and is associated with the emotive concept of closure. It is broadly believed that humans handiest alternate their conduct whilst inspired by greed and fear.

Winning a patron is, therefore, a unique event, that is why expert experts who cope with precise troubles generally tend to draw long-time period customers in preference to normal clients. Unlike normal clients, who purchase simply on rate and value, long-time period customers purchase on revel in and trust.

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3 0

2 years ago

A baker knows that her customers will pay $5 for a loaf of bread, but if the marginal

schepotkina [342]

Answer: Sell at lower price

Explanation:

Marginal Utility is the amount of satisfaction that her customers will get with every additional unit of bread purchased.

If the marginal utility decreases, her customers will buy less bread because to them, it is not as valuable anymore. If she offers her bread at lower prices, the customers would buy more because the new price will align with the lower utility the customers get from the additional loaves.

8 0

3 years ago

The following is a list of account titles and amounts (dollars in millions) from a recent annual report of Hasbro, Inc., a leadi

vichka [17]

Answer:

Hasbro, Inc.

Balance Sheet

Assets

Current Assets:

Cash and cash equivalents $893

Accounts receivable 1,111

Allowance for doubtful accounts (16) 1,095

Inventories 340

Prepaid expenses and

other current assets 392

Total current assets $2,720

Property, Plant, and Equipment (net):

Buildings and improvements $ 234

Land and improvements 7

Machinery, equipment, and software 504

Other noncurrent assets 658

Accumulated depreciation (509)

Property, Plant, and Equipment (net) $894

Other Assets:

Goodwill $ 593

Other intangibles 1,123

Accumulated amortization

(other intangibles) 798 325

Other assets $918

Total assets $4,532

Explanation:

a) Data and Calculations:

Current Assets:

Cash and cash equivalents $893

Accounts receivable 1,111

Allowance for doubtful accounts (16) 1,095

Inventories 340

Prepaid expenses and

other current assets 392

Total current assets $2,720

Property, Plant, and Equipment (net):

Buildings and improvements $ 234

Land and improvements 7

Machinery, equipment, and software 504

Other noncurrent assets 658

Accumulated depreciation (509)

Property, Plant, and Equipment (net) $894

Other Assets:

Goodwill $ 593

Other intangibles 1,123

Accumulated amortization

(other intangibles) 798 325

Other assets $918

8 0

3 years ago

As the price of gummy bears rises from $2.65 to $3.05, what is the price elasticity of demand of (i) sugar-free gummy bears and

spayn [35]

Answer:

Explanation:

Please have a look at the attached photo below

We know the formula of the price elasticity of demand:

<em>percentage change of quantity demanded/percentage change of price </em>

Given:

P1: $2.65 => D1 (quantity sugar-free gummy bears) = 181 and O1 (quantity ordinary gummy bears) =485

P2: $3.05=>D2 (quantity sugar-free gummy bears) = 157 and O2 (quantity ordinary gummy bears) =273

So:

$E_{1}$ = %ΔD / %ΔP

= (ΔD/ $\frac{1}{2}$ (D1+D2) ) / (ΔP/ $\frac{1}{2}$ (P1+P2))

= (181-175) / $\frac{1}{2}$ ( 157+181 ) : (3.05 -2.65)/ $\frac{1}{2}$ ( 3.05 +2.65 )

= $\frac{3}{89}$ : $\frac{8}{57}$ = 0.24

$E_{2}$ = %ΔO / %ΔP

= (ΔO/ $\frac{1}{2}$ (O1+O2) ) / (ΔP/ $\frac{1}{2}$ (P1+P2))

= (273-485) / $\frac{1}{2}$ ( 273+485) : (3.05 -2.65)/ $\frac{1}{2}$ ( 3.05 +2.65 )

= $\frac{-212}{739}$ : $\frac{8}{57}$ =- 3.9

6 0

3 years ago

Read 2 more answers

What confidential information must an advertising and promotions employee be careful not to

Vilka [71]

Answer:

Data related to the client, business methods and processes (tools used), new inventions and discoveries, client contract information (contract price, performance obligations)

Explanation:

In todays world where companies compete with each other on the basis of advertisement and promotions it is highly important that the confidential data related to the business must not be disclosed.

If the confidential information is disclosed by the employee, it could not only hurt the reputation of your business but would also effect the business of your client.

As an advertising agency, you have tons of data with you which include primary and secondary research data and confidential data related to the client. It is mandatory that such confidential data related to the client which the client has only given to us based on trust should not be disclosed by the employee.

The employee should not disclose the business methods/processes and the tools and mediums used by the company to promote the clients products as if they do so, they would lose the competing advantage and the competitors could use the same tools too.

If the company has invested in research and development and came up with new tools and applications to promote its clients products then those new inventions and discoveries should not be disclosed as doing so would ruin all the money invested and hence would lead to the invention or discovery being copied by the competitors.

Employees should not reveal the information related to previous or other clients contracts as this would then lead to a complication as the competitor could offer the same service in a much lower price and the company could lose the client.

There are many other factors which should not be disclosed but these are the main ones to help you understand the importance of confidential information.

5 0

4 years ago