Answer:
the net operating income is $19,000
Explanation:
The computation of the net operating income is shown below:
As we know that
Net Operating Income = Revenue - Costs
= $10,000 + $20,000 - $5,000 -$6,000
= $19,000
Hence, the net operating income is $19,000
we simply deduct the cost from the revenue so that the net operating income could come
Answer: Option (A)
Explanation:
Quality strategy is referred to or known as part of an organization strategy that tends to relate to the quality. Quality strategy is referred to the part of the market and the productivity strategies with the high significance.
A successful quality strategy tends to include :
1. Engaging the employees in implementing and building quality
2. Constructing an organizational culture which tends to fosters quality
3. Also understanding and comprehending principles of quality.
Answer:
<h2>In this case,Huojin is basically using Life Cycle pricing strategy.</h2>
Explanation:
- In Economics, life cycle pricing strategy basically refers to the determination of any product or service price based on the position of the concerned product or service within its life cycle.
- In this instance,Huojin decides to charge higher price for its new product as the production or manufacturing is relatively high during the initial stages of the product.
- Later on during the product life cycle,the manufacturing or the making cost of the new product gradually decreases thereby,allowing Huojin to reduce the price of the product during the subsequent stages of the its life cycle.Such type pricing strategy is known as Life Cycle pricing strategy.
Answer:
1. "lack of documentation in the implementation project."
2. "resistance from end users for IS implementation."
Explanation:
Some of the general challenges of implementing change are:
1. Lack of Proper Planning.
2. Low Employee Morale.
3. Lack of Consensus.
4. Adopting New Technology.
5. Failing to Communicate.
6. Resistance
However from the scenario, we see two major challenges of IS implementation which also agrees with the general challenges of change management and implementation.
1. Lack of documentation in the implementation project: The issue of lack of documentation during implementation is in relation to 'lack of proper planning' because such documentation will be invaluable when it comes to training the staff about the change that has been implemented. Lack of implementation documentation will also lead to inability to communicate the progress of the implementation to Staff. In summary implementation documentation are necessary for understanding whatever change(s) will happen as a result of such project.
2. Resistance from end users for IS implementation: This is not a problem peculiar to this scenario but as can be seen from the general problems of implementing organisational change, 'resistance' is a problem.
Such resistance is caused by other factors like 'lack of communication' and 'lack of consensus'. Employees always do resist change because they are already used to the old way of doing things and possibly were not part of the decision to implement an IS.
These challenges can be addressed by staff engagement, staff training on the change and effective communication.