Robert is the owner of an automobile manufacturing company. He calls for a board meeting and tells his directors that he wants to build a car that lets the users experience power and exhilaration. He tells them that the car must allow his users to soar from 0-60 mph in about 4 seconds, with high quality leather interior and Bose sound systems. He also adds in that the price of the car must be affordable enough for anybody making a moderately high salary and desires to have a luxury car with a sporty feel. In addition to selling to consumers, Robert works with a team of sales agents who focus exclusively on Hertz, Avis and Enterprise car rental companies. To help agents perform more efficiently while in the field, Robert has equipped the sales agents with handheld devices with barcode readers and Internet connections to speed up inventory assessment needs of each client and accurately track current sales. Staying on the cutting edge is a key point of differentiation for Robert's company. The new line of cars that Robert will launch next year will feature a revolutionary new system that allows cars to share information about driving conditions like weather, speed, accidents and more - called vehicle-to-vehicle or V2V communication. When Robert introduces the new line of cars withV2V communication, he plans to price at a premium level to earn the maximum amount of revenue from the various segments of the market. As the first company with this patented technology, Robert's company is forecasting record-breaking revenues. Question- In accordance with the given scenario , Robert is trying to segment the consumer market on the basis of….. A) user status B) nationality C) family size D) benefits E) occupation
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
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