Floriculture as a Sector Flower cultivation has been practiced in India since times immemorial but it is only in the recent years that floriculture has blossomed into a viable business sector. A growing market as a result of improvement in the general level of well being in the country and increased affluence, particularly among the middle class, has led to transformation of the activity of flower growing into a burgeoning industry. Availability of diverse agro-climatic conditions facilitates the
Words: 2337 - Pages: 10
Assignment 1: Operations Decision Kimberly D Coello Prof. James Ibe, Ph.D., CAE. ECO 550 Managerial Economics and Globalization 20 July 2012 Assignment Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of output per month (working 20 days / month). The daily wage (per worker) is $70, and
Words: 938 - Pages: 4
Assignment 1: Operations Decisions ECO 550- Managerial Economics and Globalization 7/21/2012 1. Briefly describe the details of the fictitious business that you created for this assignment. There are currently 100 workers being utilized that work for 20 days per month at a wage of $70 per day. The workers produce 6,000 units of output per month with variable costs of $2,000 per day. The fixed costs are not disclosed and we are told they are "high enough" so the total costs exceed the firms
Words: 1920 - Pages: 8
1. ASSIGNMENT 2: OPERATIONS DECISION Introduction This document will briefly describe the details of a fictitious business (X-QUIZIT INC). It will show an assessment of the current environmental scan factors that are relevant to the business decision making process and the factor that will have the greatest impact on the business operations and management’s decision to continue or discontinue its operation. It will also show an evaluation of the financial performance of the company using the
Words: 1124 - Pages: 5
ASSIGNMENT 1: OPERATIONS DECISION 2 The company that I am consulting is Simple Simon’s Pecan Pie Factory. Simple Simon’s has been producing pecan pies for thirty years and is an established and well-recognized competitor in the gourmet pie market. The company has two manufacturing plants in Tifton, GA and Charleston, SC, and ships its pies all over the world. Recently, I was contacted by the president of the company, Simon Fair, to make recommendations on how to turn around the company’s
Words: 1340 - Pages: 6
Operations Decision by Virna Scott Dr. Shad Koros ECO 550 Managerial Economics and Globalization White Marsh Campus Strayer University May 26, 2014 Operation Decision Introduction Managers make decisions affecting the organization daily and communicate those decisions to other organization members (Types of Decisions and Decisions Making Process, n.d.). Managerial decisions are not all equal to the organization. The decisions can have a major impact, not only on the management system
Words: 1525 - Pages: 7
Operations Decision ECO/550 Operations Decision In observation of local and global businesses, operations decisions are important to determine if the organization has sufficient cash and resources to maintain existence. Organizations often employ professional consultants to evaluate operations deficiencies, including the preparation of cost analysis to better gauge if the company should shut down completely, maintain operations for short-term or long-term basis. This evaluation gives
Words: 1809 - Pages: 8
Operations Decision Dr. Izzeldin Bakhit ECO 550 Managerial Economics and Globalization March 3rd, 2014 Operations Decision There are a lot of frozen food and low calorie microwavable food options available in the market. A few years ago people were not able to purchase the microwavable food but with the increase in income, people can now afford an easier lifestyle and can change the way they cook breakfast, lunch, and dinner. Because microwavable food easy to cook, people are replacing
Words: 1508 - Pages: 7
Theory Used to Determine Management’s Decision to Continue or Discontinue Operations Managerial economics involves all factors available in any market system for production and marketing of goods or services (Farnham, 2010). Managing consultant uses the information come out of this process to develop economic models, which it can help to understand the business environment. Additionally managing consultant applies the economic theories to business decision making (Michaels, 2011). According to
Words: 1503 - Pages: 7
Question $20.00Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision * From Economics: General-Economics * Closed, but you can still post tutorials * Due on Jul. 18, 2012 * Asked on Jul. 15, 2012 at 10:26:38AM Asked by : jboogie01 Rating :No Rating Questions Asked: 4 Tutorials Posted: 0 Message Me Q: I need help with this paper ECO 550 Attachments: Assignment 1.docx (15K) Tutorial $40.00 Your
Words: 839 - Pages: 4
