1. What factors contributed to EuroDisney’s poor performance during its first year of operation? What factors contributed to Hong Kong Disney’s poor performance during its first year of operation? a.) EuroDisney: * Families were reluctant to spend $280 a day to enjoy the attractions of the park * Staying overnight was out of the question because hotel rooms were so expensive * Old Work thinking of Europeans who did not understand US style free market financing lead to French Bankers
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External Micro- Environment Micro environment includes those players whose decisions and actions have a direct impact on the company. Production and selling of commodities are the two important aspects of modern business. Accordingly, the micro environment of business can be divided. The various constituents of micro environment are as under: Suppliers of inputs: An important factor in the external micro environment of a firm is the supplier of its inputs such as raw materials and components
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company to cash in on the brand name, which means ability to attract new customers with relatively low costs. Resource & efficiency: Since Germany had already been exploited, the companies¶ seeked for ways of acquiring resources at much lower rates. So by choosing this stategy , , would help them to compete in the markets with major supermarkets and hypermarkets as they could drive down the costs of products that would lead to attracting more cunsumers loyalty . This could enable them to maximize
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Objectives should set the course – Should be socially and economically useful – Should organize to innovate, implement strategies – Should sustain profitability – Helps to have a mission statement • • It is about strength and weaknesses It is usually controllable. Hierarchy of Objectives Company Objectives Production Objectives Finance Objectives Product Objectives Marketing Objectives Place Objectives Personal Selling Objectives HR Objectives Promotion Objectives Mass Selling Objectives R&D
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and attainable objectives that should be well-affirmed in terms of quantity. The second is the establishment of planning grounds to find out the business barricade during the course of doing business. These are either internal that are controllable or the uncontrollable external. The third step is choosing the alternative path of action by evaluating the pros and cons in light of availability of resources and organizational requirements hence choosing the best alternative. The fourth step is the forming
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page with proper format) Assess the capabilities of the company (3-4 relevant points in each) Strengths Weaknesses Opportunities Threats Strengths & Weaknesses – internal factors – owned or controllable by the company Opportunities & Threats – external factors – uncontrollable by company For each point: Statement of the existing factor Explanation of why it is a S W O or T 2.Problem Analysis (One paragraph) Should include “Why is that”? “how significant is it?” Statement
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Cardiovascular Diseases are made up of dysfunctions of the heart and/or it’s blood vessels. The diseases that can be considered a form of cardiovascular disease vary widely and can range from issues such as blood clots that block veins to a malformation of the heart that was in existence at birth. These diseases are one of the most dangerous as it can seriously affect the necessary blood flow throughout a person’s body. (7) Many cases of cardiovascular disease are associated with atherosclerosis
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1. BY NATURE OR ELEMENT MATERIAL COST * Cost of materials used for the manufacture of a product, a particular work order, or provision of a service. * Example: Cloth for making a dress, stores used for maintaining machines and buildings such as lubricants, cotton waste, bricks etc. LABOUR COST * Labour cost is defined as the total expenditure borne by employers in order to employ workers. Labour costs include the direct costs linked to remuneration for work carried out
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of such things as ROI, ROE, return on net assets, or risk adjusted return on capital. Reasons for the use of accounting information in performance measures are due to Accounting based measures being Precise, Objective, Timely, Understandable, & Cost Efficient thus meeting the measurement criteria satisfactorily. As Accounting Profits & Returns can be measured on a timely basis relatively
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This page intentionally left blank R E V I S E D T H I R T E E N T H E D I T I O N AN INTRODUCTION TO MANAGEMENT SCIENCE QUANTITATIVE APPROACHES TO DECISION MAKING David R. Anderson University of Cincinnati Dennis J. Sweeney University of Cincinnati Thomas A. Williams Rochester Institute of Technology Jeffrey D. Camm University of Cincinnati Kipp Martin University of Chicago Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United
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