People may disagree with one another. This may lead to fights either verbally or psychically. Yes, in my opinion it is as people can be expressing ideas that could change the world.
This is known as in-sample forecast. It estimated the model using all available data and then comparing it to the model's fixed values to the actual realizations. But, this method is known to attract an overly positive picture of the model's forecasting ability since common fitting algorithms tend to take pains to avoid big prediction errors and are also inclined to overfitting (mistaking noise for signal in the data).
Answer:
$90,000
Explanation:
We could allocate assembly overhead on the basis of the parts used in the assembly process:
wheels ⇒ 300,000 x 2 parts = 600,000 parts
<u>seats ⇒ 600,000 x 3 parts = 1,800,000 parts</u>
total parts assembled 2,400,000 parts
overhead costs per part assembled = $360,000 / 2,400,000 parts = $0.15 per part
so the overhead allocated to wheels should be = 600,000 parts x $0.15 per part = $90,000
Answer:
I would hire 4 workers
Explanation:
Marginal cost is $95 for each case
Now we cale to solve for marginal revenue
1st employee:
(21 - 0) x 6 = 126
2nd employee
(40 - 21) x 6 = 114
3rd employee
(59 - 40) x 6 = 114
4th employee
(75 - 59) x 6 = $96
5th employee
(85 - 75) x 6 = 60
As after the fourth employee the amount of additional duplicated is lower than the employee wages it will not hire more.
Answer with Explanation:
<u>Requirement 1.</u>
First of all we will do SWOT analysis to develop an understanding of the company.
The Strengths of Coca Cola are as under:
- Great brand recognition worldwide
- Highly valued company worldwide
- Operational in 200 countries across the globe
- Largest market share in cold beverages
- Huge Customer Fan
- So many acquisition in last 10 years
The weaknesses of the company are as under:
- Less diversified products
- Not recommended by the doctors because of its adverse impact on health.
- Well known for its environmental issues which includes devastating effect on environment, violation of worker's rights in many countries, usage of water in different communities is so much high that it effects the local farmers.
- Aggressive competition with Pepsi has effected Coca Cola business operations and profits.
The opportunities that must be exploited by the Coca Cola company are as under:
- Diversification of products will help the company to grow its market share and improved profits.
- Specially focus on sales and marketing department in countries which are near the equator because the consumption of cold drinks here is more than countries with cold climate.
- Package beverages with environmentally friendly material to abandon single use plastic.
- Improving Supply chain management will increase benefits drawn because of its presence in almost 200 countries.
The threats that Coca Cola faces is as under:
- Environmental Issues which includes use of single use plastics, water controversy, etc.
- Raw material resourcing uncertainty
- Indirect competitions which includes thousands of Local players in different states across the globe.
<u>Requirement 2.</u>
No doubt they are the creators of the market. They set principles for aggressive marketing that was very helpful in gaining market share due to product design that encourage customer to buy, Brand design, Logo and Font, Simplicity of bottles, etc.
These factors are incorporated in each firm's decision making programs and is the reason why it enables the product acceptance by a wide majority of customers. Though the marketing strategy for every single product is different and is largely dependent on the location and availability of the product.
<u>Requirement 3.</u>
Following are some recommendations to Coca Cola Company:
- Coca Cola Company must step into food market not because it would help in managing its supply chain but it will also help in building a more diversified product ranges.
- Infrastructure development which would include franchises of Coca cola that will help it to develop McDonald's like offerings of it own that only offers Coca Cola products. This will increase the market share of Coca Cola company increase its brand recognition as well. Furthermore, it can also add value to its franchises by use of special offers that would increase its franchise sales.
- The company must resolve its environmental issues to increase its share value as nowadays Dow's and S & P adds value to market price of shares of companies that are environmental friendly.
- Marketing and distribution team of gulf countries must be given additional budget to increase their sales as their is great demand of products here.
- Coca cola must introduce health benefiting drinks that they can recommend children to taste as frequent consumption of cold drinks are not recommended by the doctors.
