### Case Study: Business Policy Ltd. - Marketing Students' Magazine at University of Ghana**Background:**Business Policy Ltd., a limited liability company registered and set up by the Level 400 Policy Class of the 2015/2016 Academic Year, is beginning a project to market a students' magazine on the University of Ghana campus. The company estimates to sell each magazine for GHC10.00, generating a profit of GHC2.50 per magazine.To achieve their targets, the company needs to identify realistic objectives to fulfill all their goals. As part of their strategy, they plan to analyze advertising rates in local newspapers on campus and obtain population data from the Academic Office at the University of Ghana. Additionally, they intend to align their promotional budget with expected sales and profit and establish a timescale for achieving their objectives.**Required:**a) **State and explain the six (6) elements of the framework for setting objectives.**b) **Using the framework in (a), discuss how Business Policy Ltd. can set realistic objectives for its proposed project on the Legon Campus as explained in the case.**---**Guide for Educators:**This text provides an example-oriented approach to understanding how Business Policy Ltd. applies business objectives and planning in a real-world context. Educators can use this case study to illustrate the principles of setting and achieving business objectives, engaging students in practical applications of theoretical concepts.

Business Policy Ltd., a limited liability company formed by the Level 400 Policy Class of the…

University of Ghana campus. It is estimated that the company will sell one magazine for GHC10.00 with a profit of GHC2.50 per magazine. To achieve their targets, it is required that they able to identify a realistic objective in relation to achieving all their targets. For their estimates, they plan to look at advertising rates for the local newspapers on campus and get population figures from the Academic Office, University of Ghana. They also plan to relate their promotional budget to expected sales and profit, and they have also decided to set up a timescale for everything they intend to achieve. Required a) State and explain the six (6) elements of the framework for setting objectives b) Using the framework in (a), discuss how Business Policy Limited can set a realistic objectives for its proposed project on Legon Campus as explained in the case

University of Ghana campus. It is estimated that the company will sell one magazine for GHC10.00 with a profit of GHC2.50 per magazine. To achieve their targets, it is required that they able to identify a realistic objective in relation to achieving all their targets. For their estimates, they plan to look at advertising rates for the local newspapers on campus and get population figures from the Academic Office, University of Ghana. They also plan to relate their promotional budget to expected sales and profit, and they have also decided to set up a timescale for everything they intend to achieve. Required a) State and explain the six (6) elements of the framework for setting objectives b) Using the framework in (a), discuss how Business Policy Limited can set a realistic objectives for its proposed project on Legon Campus as explained in the case

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.3SD: Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling...

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Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.
Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
Q The owner of a small manufacturing business has patented a new device for washing dishes. Before trying to commercialize the device and add it to the existing line of products, the entrepreneur wants reasonable assurance of success. Variable costs are estimated at Rs. 50 per unit produced and sold. Fixed costs are Rs. 4,00,000 per year. A) If selling price is set at Rs. 250, how many units must be produced and sold to break-even? B) Forecasted sales for the first year are 4500 units, if price is reduced to Rs. 150. With this pricing strategy, what would be the product’s profit?
Regression, activity-based costing, choosing cost drivers. Sleep Late, a large hotel chain, has been using activity-based costing to determine the cost of a night’s stay at their hotels. One of the activities, “Inspection,” occurs after a customer has checked out of a hotel room. Sleep Late inspects every 10th room and has been using “number of rooms inspected” as the cost driver for inspection costs. A significant component of inspection costs is the cost of the supplies used in each inspection. Mary Adams, the chief inspector, is wondering whether inspection labor-hours might be a better cost driver for inspection costs. Mary gathers information for weekly inspection costs, rooms inspected, and inspection labor-hours as follows: Week Room Inspected Inspection Labor-Hours Inspection Costs 1 254 66…
Q1) solve the following mcqs a) At Khaleej Corporation, managers drew up a three-stage plan as they prepared for layoffs. First, they warned employees several months ahead that layoffs were inevitable. Soon thereafter, they held on-site presentations at all locations to explain to employees why the layoffs were needed and to provide as much information as they could about what employees should expect. Represents an example of?" Provide assistance to displaced workers Help survivors thrive Both A & B More Communication is significant b) Rational decision-making approach ideally implies ______ decisions. Programmed Non-programmed Rational Non-rational
Q1) solve the following mcqs a) At Khaleej Corporation, managers drew up a three-stage plan as they prepared for layoffs. First, they warned employees several months ahead that layoffs were inevitable. Soon thereafter, they held on-site presentations at all locations to explain to employees why the layoffs were needed and to provide as much information as they could about what employees should expect. Represents an example of?" Provide assistance to displaced workers Help survivors thrive Both A & B More Communication is significant b) "An army officer gives his directions on a certain task, his cadets are compelled to follow his instructions. This is an example of ___. " Expert Referent Reward Legitimate c) _____ is the person who serves as one of the key persons in managing change initiatives. Change agent CEO CFO CIO
Q: Provide a structured persona and related withdraw amount and check balance scenarios of an ATM for elder user having minor visual and reflexive impairments (problem in vision and movement of limb). Also suggest a low-fidelity paper-based working prototype of an ATM machine to support the mentioned withdraw amount and check balance scenarios. Note: this question is related from HCI subject kindly solved this corectly and in detail.
Good Practice Example - Sourcing Process at Federal Express FedEx Corporation is a $20 billion market leader in transportation, information, and logistics solutions, providing strategic direction to six main operating companies. These are FedEx Express, FedEx Ground, FedEx Freight, FedEx Custom Critical, FedEx Trade Networks, and FedEx Services. Prior to the purchase of the Ground, Freight, and other non-express-based services, Federal Express had reorganized all of its major indirect spend in information technology, aircraft, facilities/business services, vehicles/fuel/ground service equipment, and supply chain logistics groups under the Strategic Sourcing and Supply group, led by Edith Kelly-Green. After the purchase of these different businesses, the supply management function was reorganized into a Center-led supply chain management (SCM) sourcing model. (“Center” refers to a Center of Excellence that focuses on centralizing sourcing strategy teams.) Over the last two years, FedEx…
5. Business Feasibility Analysis of the demand (include highlights of the findings of the market feasibility study), risk (include business and market risks), environmental impact. 6. Justification of the Business Economic, social and personal benefits.
Enlist the objectives of Environmental Impact Assessment(EIA) b) Explain different parameters to be discussed in EIA report.
Please no written by hand solutions QUESTION 10 10. "Enter our competition and you could win your share of R500 online shopping voucher for yourself AND a R10 000 voucher towards a Women's empowerment NGO of your choice!" Mrs Jacobs entered the competition above at Mr Price and won a R500 voucher. With R500, she can either buy a handbag, a pair of shoes, a pair of jeans or jacket. She already has a jacket, and she does not want new shoes. She would like a pair of jeans but decides to buy a handbag. What is her opportunity cost? a)R500 voucher. b) Handbag C)Pair of shoes. d)Pair of jeans.
WebTech Development of Austin, Texas, is considering thepossible introduction of a new product proposed by itsresearch and development staff. The firm’s marketing directorestimates the product can be marketed at a price of $70. Totalfixed cost is $278,000, and average variable cost is calculatedat $48.a. What is the breakeven point in units for the proposedproduct?b. The firm’s CEO has suggested a target profit return of$214,000 for the proposed product. How many units mustbe sold to both breakeven and achieve this target return?