Assume that the printing process is a strategic contingency for a publishing company and that only one group of employees knows how to operate the printing press. How could the environment be changed to more evenly balance power within the printing department?
What will be an ideal response?
The more individuals in the organization who can use the printing press, the less vulnerable the organization and the lower the power of the printing group. If the company trains a number of groups or individuals to run the printing press, it lessens the power of the original group. Another strategy might be to increase the number of presses. This would require hiring more operators, thus reducing the power of each individual within the department.
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A company reports the following information regarding its inventory.Beginning inventory: cost is $80,000; retail is $130,000Net purchases: cost is $65,000; retail is $120,000Sales at retail: $145,000The year-end inventory shows $135,000 worth of merchandise available at retail prices. What is the cost of the ending inventory calculated using the retail inventory method?
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