Discuss how a health club could strategically manage capacity via payment schedules
What will be an ideal response?
Member usage patterns seem to be closely related to payment schedules. Members seem to use the health club in the month immediately following payment and then steadily decline in usage until the next payment. Members with monthly payment plans use the facilities with greater frequency. This indicates that capacity could be reduced and profits maintained by charging annual fees that are due outside of peak months.
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Which of the following transactions would increase a firm's current ratio?
a. Purchase of inventory on account b. Payment of accounts payable c. Collection of accounts receivable d. Purchase of temporary investments for cash
When the Mosquito Magnet was introduced, it was designed to rid the immediate area of mosquitoes and other annoying insects. The technology for the Mosquito Magnet had taken years to develop. It is a patented grill-like apparatus that emits carbon dioxide to attract bugs to a fan that draws them into the device where they die. What type of pricing policy would you recommend the company use to introduce this product to the market?
A. status quo pricing B. penetration pricing C. price-skimming D. flexible pricing E. leader pricing
Providing information to internal users for decision making is the purpose of which of the following?
A. Vendors list B. Management reports C. Tax forms D. Financial statements
After the information system has been designed, a number of tasks must be completed before the system is installed and ready to operate. This process is called systems ____.
A. analysis B. implementation C. integration D. testing