Answered: Why should TESCO management focus on…

Business

Operations Management

Why should TESCO management focus on long-run performance? What are shortcomings of short-run performance measures?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Determine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?
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7.4 Milwaukee Surgical Supplies Inc. has gross sales for the year of $1,200,000. The collections department estimates that 30 percent of the customers pay on the tenth day, 40 percent pay on the thirtieth day, and the remaining 30 percent pay, on average, on the fortieth day after the purchase. (Assume 360 days per year.) What is the firm’s average collection period? What is the firm’s current receivables balance? What would the firm’s new receivables balance be if Milwaukee Surgical toughened up on its collection policy, with the result that the 70 percent of customersthat did not pay by the tenth day paid on day 30? Suppose that the firm’s cost of carrying receivables was 8 percent annually. How much would the toughened credit policy save the firm in annual receivables carrying expense? (Assume that the entire amount of receivables has to be financed.)
2.5 4 points Problem 8-5 Computing Unit Prices [LO8-2] Calculate the unit price of each of the following items. Note: Enter your answers as cents rounded to 1 decimal place. Item Price Size Unit Price eBook Motor oil $ 1.35 2.0 quarts cents per quart - Ask Cereal 2.15 12 ounces cents per ounce Print Canned fruit 0.71 13 ounces cents per ounce References Facial tissue 2.40 290 100 tissues cents per 100 tissues Shampoo 3.35 12 ounces cents per ounce
This mcq Question from INTRODUCTION TO BUSINESS ADMINISTRATION course.I Need the final answer just.
d) Cost of the fifth unit = ? (round your response to the nearaest whole number. (How do I find the calculation for this question?)
1. A hotel tries to reduce the perishability of its services by selling last minute inventory at a highly discounted price. This technique presents threats to a company’s: A. Brand image B: Variability of services C: Relationships with suppliers D: Human resources turnover 2. Sometimes, hotel and airline companies upgrade guests to higher-end services. For such services, there are not a lot of word-of-mouth, reviews, or pictures available. For example, a hotel may upgrade a guest who paid for a regular room to a suite in order for the guest to experience an upscale product that the customer does not purchase often, but may purchase in the future. This situation, where a guest may experience an unfamiliar upscale service for the first time, is likely to result in a __________ in the __________ of services. A: increase, intangibility B: reduction, intangibility C: reduction, variability D: increase, variability 3. In hospitality and travel industries, customers and frontline…
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