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explain the manegerial importance of the demand function from the management perspective.
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- Explain Drivers of New Supply Chain Systems and Applications?Explain manufacturing firms should use demand leading instead of demand trailing capacity strategy.Given the example of Toyota as a car manufacturer, explain to the management team how the company should determine the right price to charge its customer from microeconomic perspectives
- How does managerial economics help to assess operational issues faced by private business firms.Distinguish between accounting profit and economic profit. Provide examples to support your answer.?Compare and contrast the buying behavior of final consumers and organizational buyers. In what ways are they most similar and in what ways are they most different?
- The difference between economic profit and accounting profit is equal to: zero implicit and explicit costs. implicit and explicit revenues. implicit revenues minus implicit costs.Describe large bureaucratic organizations with which you have had contact with that has not responded flexibly to customer demands. And describe examples of satisfactory responsiveness. What do you think accounts for the differences between the responsive and nonresponsive organizations?1) What economic conditions are relevant in managerial decision making? 2) What factors lead to competitive advantage for a firm? 3) What are the typical types of risk faced by a firm?
- How does control (as a management function) affect a foodservice business? How can we assess the performance of the cost control measures that we implement in a foodservice business?Padico , Inc., has struggled to meet projected revenues for each of the past ten quarters. The firm hired Mark Adams to design a control system and offer suggestions to improve the firm's performance. Which of the following is a key activity that the proposed control system should perform? a. performance measurement b. corporate governance c. organizational structuring d. organizational planning Clear my choiceWhich of the following goals are concerned with creating and maintaining employee and customer satisfaction and social responsibility. Select one: a. noneconomic b. economic c. public relations d. welfare
