Concept explainers
(Refer to Solved Problem 1.) Coach Bjourn Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting will return the Big Red Herrings to winning form. Because of the current state of the program, Boehring University fans are unlikely to support increases in the $192 season ticket price. Improved recruitment will increase overhead costs to $30,000 per class section from the current $25.000 per class section. The university’s budget plan is to cover recruitment costs by increasing the average class size to 75 students. Labor costs will increase to $6,500 per 3-credit course. Material costs will be about $25 per sin dent for each 3-credit course. Tuition will be $200 per semester credit, which is supplemented by state Support of $100 per semester credit.
- What is the multifactor productivity ratio? Compared to the result obtained in Solved Problem 1, did productivity increase or decrease for the course process?
- If instructors work an average of 20 hours per week for 16 weeks for each 3-credit class of 75 students, what is the labor productivity ratio?
Want to see the full answer?
Check out a sample textbook solutionChapter 1 Solutions
Operations Management: Processes and Supply Chains (11th Edition)
Additional Business Textbook Solutions
Operations Management
Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
Business in Action
Principles Of Operations Management
OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
Business in Action (8th Edition)
- need formula for trends and bonusarrow_forwardsubject: Quantitative Analysis For Business Please answer both. 18. A pizza restaurant would like to add fresh ingredients which are available during the summer to the menu. Only three items may be added, which is a first-time offer to patron. There are five menu items under consideration: spinach salad, cucumber cocktail, stuffed olives, steamed broccoli, and fried eggplant. A survey is underway to measure patrons' preferences. Which step of the decision model does the survey represent? Choosing the best alternative Generating alternatives Listing alternatives Evaluating alternatives An athletic equipment store offers an annual clearance sale every May. The store sells all the accumulated overstocked and discontinued items that have been stored in a warehouse for the last 12 months. Because there is so much inventory, the sale is usually held in the store's parking lot; however, it has rained several times during the event in the past, and the store's owner is considering changing…arrow_forwardExplain and interpret the following data of team 1 and 2. 1. explain two problems of team 1 and 2 each. 2. suuggest one reasonable soution for each team.arrow_forward
- what can we conclude about cost leadership strategy? (I am a student, I will expose this, and I want to give a conclusion)arrow_forwardRevise the current mission and vision statements below and provide revised statements based on the universities strengths and strategic priorities provided below, explaining why the revision is better. Current Mission Statement: Success of our students & alumni, Success of our faculty & staff, and Success of our community. Cuurent Vision Statement: Inspiring futures, fostering excellence, creating leaders, building community Universitys Strengths: A Good Value Dedicated and professionally-respected faculty Campus diversity Flexible program offerings Faculty-to-student ratio And here are the strategic priorities (vision) that we identified from our SWOT analysis: Universitiys Strategic Priorities: PRIORITY #1: Student Success -- Cultivating students as they advance towards graduation, careers, and meaningful lives. PRIORITY #2: Responsible Stewardship -- Ethical and transparent management of university resources, leading to the long-term stability and effectiveness…arrow_forwardNametso Senwelo, founder of Sunflower Desserts, reviewed performance her business andobserved the following for the past financial years: High growth and low market share product offerings. She needs a lot of cash needs but is currently generating little cash She needs to increase the market shareGive Nametso advise on how to grow her company's market share and turn it into a "Star" usingthe BCG matrix.arrow_forward
- Can you answer these quostion shoert answer Budget Surplus Case Study A small midwestern city has a $1 million budget surplus. Two groups imme- diately begin vying for the funds. One of the requests comes from down- town businesses requesting to use the money to beautify downtown by adding brick sidewalks and planting areas with the goal of attracting cus- tomers. As city manager, you are aware that the downtown area has not been doing as well as predicted and that the small businesses are necessary for the development of a "vibrant downtown" as stated in the city's goals. The other request comes from the city's police department wanting to begin a unit to pursue "career criminals." You are familiar with the statistics and know that repeat offenders commit an overwhelming number of crimes. There is an apparent trend in police departments to address this issue separately. The two groups are competing for limited resources. Both causes are considered worthy of city funding, but…arrow_forwardWrite Strength opportunity strategiesarrow_forwardCustomers and Marketing Assignment 1: DiscussionâMarketing Plans and Customer SatisfactionCorona beer is the number one imported beer into the United States, and has developed into a global brand (General Distributors, Inc., n.d.). Corona created its competitive advantage through an innovative marketing strategy.Like Corona beer, identify a recent example of a firm that was cited as having a competitive advantage due to its innovative marketing plan. Respond to the following:Discuss implementation activities that positively impacted customer satisfaction.Describe three advantages and three disadvantages of standardizing the marketing mix worldwide.NO PLAGARISMPLEASE CORRECTLY CITE USING APA standards and please provide valid URLS for those references.Please use American CompanyWrite your initial response in 300â500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all…arrow_forward
- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub