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This has posed a threat of unsafe food in the market and a health risk to consumers. Regulations have therefore been necessary to protect consumers from low quality and harmful products. Since many of the existing inputs are interchangeable, this will help reduce the development cost of our new product offering. With this new direction, we would need to address the advantages and disadvantages to opening up a new product line to accommodate this new product. If we manufactured both sizes on the same line, even with the use of ERP, there will still be downtime involved from switching the manufacturing line to use different size cans. If there are major gaps forecasted between our production capabilities and the customer demand, it would be wise to consider opening a new production line.
The way that this happen is he gives us an insight on what other countries have done about their heath and food safety. In the US food safety issues are not as important to American citizens because a lot of the food is cheap. They trust the regulations that are currently in place because they might not see all the issues that come along with the not having the best protocols. Horngren, C, Job order costing or job costing is a system for assigning costs to an individual product or batches of products.
As such, Law firms or accounting firms would use job order costing because every client is different and. Monopolist will be forced to lower prices from the start due to potential customers waiting for the cuts. Essentially, the monopolist companies are competing against their future alterations of price, where this behavior is even seen in more completive market that has the same effect as bring the prices down to values equal to the marginal cost.
However, durable goods can be stored for long periods of time thus monopolist flourish in grabbing all potential customers Coase, For example, once Apple Inc. It focuses on three areas: 1 Audience analysis; 2 Idea development; 3 Message structuring. In short, the planning process should include analyzing the needs of your audience, developing sound ideas that meet their needs, and then structuring your message.
The AIM planning processes unleashes your best thinking and allows you to deliver influential message. Effective business communicators regularly take the following actions to tailor messages to others: identify reader benefits and constraints, consider reader values and priorities, estimate personal credibility, anticipate reactions, and consider secondary audiences. Ideas analyze the business problems at hand; display excellence in business thinking. Behavioral Economics is becoming increasingly popular as a way of improving public health.
Economic theories mostly assumed that agents are rational utility maximizer, also known as homo economics. The public has an attendance of making unhealthy food choices, even though they want to be healthier. They do not give full attention and rational consideration when they make a choice; instead the public often makes impulsive tendencies. Also, how business try to influence environment. Part-A Q. Identify the primary issues facing Walmart. Should Walmart have been able to anticipate the issues it now faces?
Ans: Walmart was established by Sam Walton in In , around stores were operated in 16 countries and engaged 1. It is a method used to examine and collate the internal and external factors that are having an affect on a business 's running and success. The strengths and weaknesses refer to the business 's internal environment, while the opportunities and threats arise from the external environment of the business. SWOT is used for strategic planning and evaluating the current position of a business. Organisations are able to use SWOT to maintain and grow their strengths by recognising the areas of the business that are efficient.
Furthermore, separately Lowes prepares each of these annual reports for each country to analyze on the website for which is posted. In comparing all of these annual reports would be so difficult for people through the different states, regions, and countries being the report have yet to be summarized. Lowes Company has a weakness where most. Food companies even change the nutritional profile to make those food products look healthier. Booth's LEQ provides both quantitative and qualitative feedback on leadership competencies and emotional intelligence.
It measures the strategic and personal skills that lead to organizational success. I like using it because it gives equal weight to both character and competence. The VIA Character Strengths Assessment is great for my millennial clients because it is quick, free, and fairly accurate. I often use it with the Clifton Strengthsfinder , especially when folks are struggling with what they are good at, and I generally test these results through a qualitative approach i. I hope you try it out for yourself! I recommend Wiley's DiSC product, hands down. In my plus years of using multiple assessments and doing the due diligence to find the best, Wiley's DiSC products have come up as the most user friendly, valid and reliable, they have many formats that are compatible with each other workplace, leadership, management, sales, comparisons, group reports , loads of free reports, and it's fun to facilitate.
As I work primarily with leaders in organizations, I always recommend they take the Leadership Circle Profile LCP , which is a assessment that measures leadership competencies that are highly correlated with business outcomes. This assessment also covers the tendencies that can limit effectiveness. The LCP is a well-rounded tool for leaders who want to grow in their leadership position. I have found Emergenetics to be the easiest to understand on a personal level and from the view of a leader. It allows people to have a simple, yet thorough, view into how they are wired, how people experience them, what they bring to a team, and enhance their ability to communicate. It's also a powerful tool for leaders to quickly identify the critical characteristics their team may be lacking.
While many personality tests rank a person on four dimensions, the WPB5 profile measures you on five super personality traits, and 23 sub-personality traits, or 28 traits total. It's so powerful, that everyone I've put through it, along with a few other exercises, determines the right new direction within four coaching sessions. The Energy Leadership Index Assessment is an attitudinal assessment -- it doesn't label you.
It helps you see and understand why you respond the way you do to events, which is based on your perception. You can learn to perceive events in different ways that enable you to respond in different, perhaps more desirable ways. This helps you respond in more emotionally intelligent and appropriate ways. TotalSDI Strengths Deployment Inventory is a great one to not only assess strengths, but also see how your strengths manifest themselves depending on your motivation people, process, performance, or a combination.
It works well for both individuals and teams, addresses overdone strengths, and makes the point that I can deploy any strength as long as it's aligned with my motivation. NeuroColor is the only tool that provides neuroscience-based personality assessments. I love that this assessment is verified through biological science. It provides a dynamic 3D view of the individual.
Each person is given a personality signature, offering individual results with no one getting lumped into types. My clients feel understood and learn new ways to communicate effectively. It is also grounded in empirical data, so it is the most credible. It describes how we relate to others when we are at our best and captures key behavioral tendencies, including how we take in feedback, collaborate with, and lead others. This focus on interpersonal savvy is key to success.
As a coach I use a highly validated and versatile assessment for better hiring, professional development, team, leadership and succession. It's also cost effective from a training, certification and administrative perspective. I recommend PXT Select. It measures the whole person: thinking style, behavioral traits and interests. One assessment, five applications, 10 reports.