CMACGM is one of the leading shipping companies in the world. In the company everything is automated; everything is computerized from shipping request to the shipping delivery in the destination country. One of the main conditions for recruiting new managers is that all applicants should have IT knowledge because the company highly believes that technology is the key to success and will help in expanding and generating profit. This can be best described as * Increase in competition Awareness of challenges O Gains in productivity All of the answers

CMACGM is one of the leading shipping companies in the world. In the company everything is automated; everything is computerized from shipping request to the shipping delivery in the destination country. One of the main conditions for recruiting new managers is that all applicants should have IT knowledge because the company highly believes that technology is the key to success and will help in expanding and generating profit. This can be best described as * Increase in competition Awareness of challenges O Gains in productivity All of the answers

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

I need help setting up excel solver. I am not clear.
28 When managers make decisions that are objective and for the best interest of the firm instead himself/herself, they are following the concept of A) escalation of commitment B) bounded rational decision making C) rational decision making D) intuitive decision making E) none of the above
It is said that competition is not valued for its own sake but because it produces efficient market outcomes. However, conduct is tested against its impact on competition rather than its impact on efficiency. Carefully explain this apparent inconsistency. Use examples to illustrate your response.
You have been approached by the CEO of a declining MNE to provide management consulting advice. The company is called FURD Auto Ltd, based in Detroit, Michigan, USA, which was once a global leader in automotive manufacturing in North America, the UK and Australia. Competitors from Japan, Germany and now South Korea have eroded FURD’s global market share and its’ automotive sales have been in steady decline for the past 20 years in all of its main markets. FURD has been unable to produce affordable, competitive, innovative and high quality vehicles, which are attractive to consumers in both its domestic American market or in new markets in developing countries, such as China and India, which are known to either heavily subsidise or support local manufacturers. The CEO has openly discussed three options with you to “turn-around” FURD Auto Ltd. The specific options being considered include: • Firstly, a full acquisition of a small sized highly innovative foreign entity in a developing…
Which of the following Strategic OM Decicion Elements do you prefer and why? Use example. Goods and services: This includes looking for ways to implement consistency in costs, quality, and resources across all business divisions. Quality Management: Be clear on the customer’s demands and then meet those expectations. Use market research to determine customer needs and batch quality assurance testing on products and services in production. Process and Capacity Design: Design strategies which support all production goals including technology and resources. A value stream map can help determine what processes are necessary and how to keep them running efficiently. Location: In developing a location strategy consider supply chain and how the location will receive supplies, the movement of goods and services internally and to customers, and the role of marketing and public relations in the location choice. Layout Design and Strategy: Consider the placement of desks, workstations, and how…
The need for corporate entrepreneurship has risen in response to one problem: rapid growth. Group of answer choices A. False B. True
Only 100% sure experts solve it finally answered too.. don't use chat gpt okk it's precalculus questions quiz
‏1. Reduced division of labor is one of the most important changes that occur as societies move from a primitive economy toward higher levels of economic development Select one : True False ‏2. Value is a function of extrinsic features related to the environment . Select one True False
Problem-solving is a critical skill that involves identifying, analyzing, and finding solutions to complex issues or challenges. It requires a systematic approach to understanding the root causes of problems, gathering relevant information, and evaluating potential solutions. Effective problem solvers are adept at thinking critically, creatively, and logically to devise innovative and practical strategies for overcoming obstacles. They often collaborate with others, drawing on diverse perspectives and expertise to generate new ideas and approaches. Additionally, problem solve's are resilient in the face of setbacks, learning from failures and adapting their strategies accordingly. By developing strong problem-solving skills, individuals can enhance their ability to navigate uncertainties and achieve desired outcomes in various personal and professional contexts. Question. How can brainstorming sessions contribute to the problem-solving process, and what are some best practices for…
6. Financial incentives tied to output are more likely to increase firm profits A. when workers' output is influenced by demand shocks over which work- ers have no control. B. when workers are less risk averse C. when workers perform other tasks (like service) and don't just focus on increasing output D. when replacing workers who perform poorly is easier 7. Markets are generally efficient (maximize producer surnlu plus consumer sur- plus), so economists argue the role of government in markets is limited to objec- tives other than efficiency (such as reducing inequality) and addressing market failures (or market imperfections). Some market imperfections can also be mit- igated by firms. Which of the following is not an example of how governments or firms mitigate market failures (or market imperfections)? A. governments make vaccines available to consumers at below cost prices. B. regulatory agencies require manufacturers to install equipment that reduces smokestack emissions. C. firms…
Answer the following questions using the Answer Report and the Sensitivity Report on the following page. Support your answers with explanations and the work showed.Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page. 4.) If you could sell clocks for $17 instead of $15 would it change the number of each appliance you should produce (i.e., would it change the optimal solution)?5.) If you had your choice of an extra $10 in your budget or an added demand of 5 toasters, which one should you do, and how will your profit be affected?