Why is it important to match supply and demand? If a manager believes that supply and demand will not be equal, what actions could the manager take to increase the probability of achieving a match?
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Q: What is it important to match supply and demand? If a manager believes that supply and demand will…
A: It is important to match the demand and supply because of the following reasons:
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Why is it important to match supply and demand? If a manager believes that supply and demand will not be equal, what actions could the manager take to increase the probability of achieving a match?
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- If a manager believes that supply and demand will not be equal, what actions could the manager take to increase the probability of achieving a match?How critical is supply and demand matched? If a manager thinks supply and demand won't be fair, what measures should the manager take to improve the chance of a match?If a manager thinks supply and demand won't be fair, what measures should the manager take to improve the chance of a match?
- Why is it important to match supply and demand? If a manager believes that supply and demand will not be equal, what actionscould be the manager could take to increase the probability of achieving a match?What are the benefits of matching supply and demand? What steps should a manager take to maximise the likelihood of achieving a match if he or she thinks supply and demand will not be equal?You are the vice president of international operations for a large U.S. pharmaceutical firm that manufactures an anti-malarial drug. Your firm is considering opening up a factory in a small Central American nation where malaria is still extremely common. The operation will be a joint venture between your firm and the local government. The majority of the people in that country cannot afford the medicine because of the high import tariffs. Yet if your plan goes through, over 200 jobs will be created and the drug’s international price will drop by over 50 percent. In a final meeting with a senior government official, the gentleman informs you that if you pay him $500,000 cash, the deal will go through. What issues must you consider? What do you do?
- If a manager assumes that the supply and demand won't meet, what are the potential behaviors of the one who manages the supply?which type of cost do you prefer that usefulness in managerial decision-making?A small parts manufacturer has just engineered a new product for the automotive industry. In order to produce the part the company can expand existing facilities, acquire a competitor, or subcontract production. The company believes the product will either experience high market demand or low market demand. The following payoff table describes the company's decision situation. Decision Expand Facilities Acquire Competitor Subcontract Production States of Nature acquire competitor expand facilities subcontract production select high demand High Demand $2,000,000 750,000 250,000 Low Demand -1,250,000 -500,000 25,000 The best decision for the manufacturer using the minimax regret decision criterion is to
- What is the difference between a "day ahead" and a "real time" energy market? Is nuclear power a price taker (zero price bidder) in the energy market or price setter? Are renewable energy generators with no fuel cost price takers (zero bid) or price setters? When bidding to meet the electric demand, which of the electricity sources sets the highest bid? And why is this source able to set the market priceConsider how contemporary business environments can be supported by a strategic focus on cost management, business analytics, and total quality management to enhance decision-making. Discuss how one of these alternative costing methods supports a company's ongoing competitive advantage in a business. Explain your rationale.Scenario: You work for a Cranberry company/farm in Nova Scotia trying to enter the Cranberry market in Australia Who are the major competitors in the Australian market?Describe the products currently offered by the competitors. What are the competitors’ strengths and weaknesses?What is the price of the products? What discounts are offered?