Select one agency and describe how your department or group is directly impacted by the mandates. Provide an example of how an organization complies with the mandates and the impacts to an organization.
Anna Johnson is president of a bank with several branches. Anna has been exploring the impact of service satisfaction with bank performance and is convinced that she can improve the bank’s financial performance if she can improve customer satisfaction. She has been contemplating a proposal from the marketing research firm, Business Insights, to start a program of improving customer satisfaction. Business Insights has recommended a survey of bank customers to establish gaps in service as perceived by the customers. Anna knows that the bank has a list of all the customers and that this information is on an electronic database […]
A company that manufactures tablets has information about the variables that impact the demand for its tablets. The variables include household income, price of substitute products, age, gender, education level, marital status, and number of children. Which statistical technique would be the most appropriate to predict the quantity demanded for its tablets? Why? A company that manufactures tablets has information about the variables that impact the demand for its tablets. The variables include household income, price of substitute products, age, gender, education level, marital status, and number of children. Which statistical technique would be the most appropriate to compare the […]
We defined marketing as, “the art and science of getting people to spend their money on your product rather than the other guy’s, and be happy that they did so.” Do you think that’s true? Does some Wizard of Oz person-behind-the-curtain get you to buy something by manipulating you through the 7 Ps? And is “manipulate” the right word for us to use? Which one of the Ps gets you to purchase – a great price? Superior product no matter what the cost? Or are you influenced by a cool promotion? Give an example of a product and why you […]
Assume that there are totally 800 units of resources in both Italy and Portugal. The resources required to produce tomatoes and grapes in Portugal and Italy, as well as production and consumption without trade, are shown as below. Table 1 Resources Required to Produce 1 Ton of Tomatoes and Grapes 1 ton of grapes 1 ton of tomatoes Portugal 20 25 Italy 80 40 Table 2 Production and Consumption without Trade ( unit: tons) Grapes Tomatoes Portugal 30 8 Italy 5 10 Which country has absolute advantage in the production of tomato? (1) Which country has comparative advantage in […]
Scenario: You read in the local newspaper (ok, probably on your iPhone) that Rodriguez-Rodriguez Drilling (Double R), the division of PEMEX specializing in light, sweet crude, has tapped another substantial deposit. This discovery and access means major profits for Double R, and also new contracting opportunities for various support companies. Schlumberger and Morgan-Ali-Perry Corporation (MAP Corp) are competing to provide cementing field services and related support. You are a consultant to Double R and MAP Corp and have been given a waiver (possible conflicts of interest, right?) to advise both clients in a joint meeting on three (3) issues. If […]
There listed 3 most important concepts that are related to management. Please describe why is each of the top three concepts important to you? Thank you. ➢ Learn effective strategies to collaborate to resolve managerial problems and win against competition, in a level playing field ➢ Manage cross-functional issues (e.g. finance, human resources, marketing and production) that typically impact business results, through hands-on learning ➢ Evaluate the legal, social and ethical issues related to working in a competitive global environment.