Category: Business

For the first example, the opportunity cost of buying a $1000 Pioneer would be buying a $700 Sony and 0 worth CDC. It may seem buying Sony and the CDC is a better options. However, the reason why Pioneer has a higher price than Sony may be that Pioneer stereo has a better quality. So…

Case study Better Fitness, Inc. (BFI), manufactures exercise equipment at its plant in Freeport, Long Island. It recently designed two universal weight machines for the home exercise market. Both machines use BFI-patented technology that provides the user with an extremely wide range of motion capability for each type of exercise performed. Until now, such capabilities…

Yes. As what I have checked out, in the beginning, Santa Cruz Guitar Company was having an issue in terms of producing less than 800 instruments a year. The business does not have an official quality department, nor has it purposely attempted to use TQM principles. When there was a trip of its facilities and…

Explain errors of omission and errors of commission == Errors of commission == An error of commission occurs when you record an incorrect value in posting. Such errors include original entry errors, transposition errors, calculation errors and reversal of entries. An original entry error occurs when an incorrect figure is recorded and posted. A prime…

Introduction Kitchen Best Appliance Company must immediately address the ethical, cultural, legal and poor business practices in order for the company to remain in business. If the company continues to turn a blind eye to such behaviors as bribes, nepotism, illegal behavior and reckless endangerment to customer the company will only continue to find itself…

Communication, accelerated by the Internet and social media, functions as a platform for interaction, forums, and information dissemination. Nearly 500 million people globally use the Internet, with approximately 155 million Americans accessing it at home or work. The increase in Internet usage is significant in countries such as Japan, the United Kingdom, Germany, Brazil, and…

Initially Mario Badescu will be depend on the export agent and retailers to do all the sales in Brazil. Mario Badescu would provide enough training to export agent’s sales force to transfer knowledge about the products. This sales force will be constantly updated and retrained for new products or product changes. Mario Badescu’s training program…

Chapter 13 – Discussion Question # 3, page 539: Define aggregate planning – Also known as aggregate scheduling is concerned with determining the quantity and timing of production for the intermediate future, often from 3 to 18 months ahead. Chapter 13 – Discussion Question # 5, page 539: List the strategic objectives of aggregate planning.…

A lean production approach can be introduced to CDS operations. This aims to reduce the quantity of resources used up in production. Lean producers use less of everything, from factory materials, stocks’ and time. As a result, it raises productivity and reduces costs. The number of defective products is reduced, lead times are cut and…

Manpower or human resource planning (HRP) is a very integral development in the course of managing the human resources of an organization (Yogesh 2009). Manpower planning by the banking institutions in the UAE can be defined as the process by which the banks analyze and evaluate the available human capital they have with the intention…