At a hotel, long lines pile up at check-in and check-out each day. What is the best strategy for handling those lines?
a. close the doors
b. add capacity
c. arrange demand
d. do nothing; simply allow lines to form
b. add capacity
You might also like to view...
Which of the following would be considered a strategic market plan component of marketing strategy?
A) revenue plan B) investment C) profits D) customer needs E) customer profile
Suppose United Bank offers to lend you $10,000 for one year at a nominal annual rate of 8.00%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. What is the effective annual rate on the loan?
A. 8.24% B. 8.45% C. 8.66% D. 8.88% E. 9.10%
In a town in Georgia, the McDonald's restaurant was required by ________ to have no sign taller than 8 feet, no arches, and no garish or bright colors on the outside of the building.
A. common maintenance codes B. trading area codes C. blue laws D. licensing requirements E. building codes
Currently the cost structure is such that the company cannot achieve its profit objective and must cut costs. If variable costs cannot be reduced, how much reduction in fixed costs will be needed to achieve the desired target? Show all computations.
Dynamo Company is a price-taker. The company produces generators in a highly competitive market; thus, it uses target pricing. The current market price is $600 per unit. The company has $18,500,000 in average assets, and the desired profit is a return of 8% on assets. Assume all products produced are sold. The company provides the following information:
