Methodology The methodology of a Simulated Test Market can typically be broken down into five steps. First, respondents are selected to provide a sample of consumers who satisfy predetermined demographic characteristics. Next, consumers are shown commercials or print ads for the test product as well as ads for competitor’s products. Then, consumers are given the opportunity to purchase, or not purchase, the test product either in a real or simulated store environment. After they’ve had the opportunity
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Major issues facing Autobytel is the intense completion with other online car-buying service providers, the turning over of dealerships they are partnered with and operating cost that are extremely high in comparison to revenues. Autobytel approximately 3000 dealers in North America in major metropolitan areas. Majority of expenses they are incurring are in relation to the extensive training provided and marketing. The auto retail industry generates approximately 1 trillion dollars a year, this
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Purry Economics of Healthcare Faculty Sever South University 10 December 2013 Abstract Managed care, a deliver system for health care intended to reduce the cost of that care. Examples of managed care organizations are HMO, IPA, PPO, POS and PFFS. MCO’s operate through contractual agreements that are set to meet certain standards due to the fact that they don’t have direct control. Managed care provider and hospital reimbursement ranges from fee for service and capitation. Episode-of-care is
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the compensation of employees to the mission, objectives, philosophies, and culture of the organization. – Serves to identify the net monetary payments made to employees with specific functions of the HR program in establishing a pay-forperformance standard. – Seeks to motivate employees through compensation. Compensation Policy Issues • • • • • • • • Pay for performance Pay for seniority Salary increases and promotions Overtime and shift pay Probationary pay Paid and unpaid leaves Paid holidays
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CASE ANALYSIS You have just been hired as a graduate accountant by Greenwood Industries, a company that manufactures electronic products. There are five divisions within Greenwood: Oaktree, which produces large-screen televisions; Gumtree, which produces sound systems, including hi-fi and digital radios; Pinetree, which produces video cameras; Cedartree, which produces kitchen accessories, and Birchtree, which produces electronic medical products. All divisions are standalone, with a manager
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investment's actual return will be different than expected. Risk includes the possibility of losing some or all of the original investment. Different versions of risk are usually measured by calculating the standard deviation of the historical returns or average returns of a specific investment. A high standard deviation indicates a high degree of risk. • Security - A negotiable instrument that represents a financial claim that has value. Securities are broadly classified as debt securities (bonds) and equity
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Acct 322 chapter 6 1. Manufacturing overhead costs in a budget should not include: a. direct materials costs. b. supervision costs. c. depreciation costs. d. fixed overhead costs. e. variable overhead costs. 2. Wyoming Co. has budgeted sales revenues as follows: July $200,000 August $160,000 September $200,000 October $180,000 November $200,000 December $188,000 Wyoming
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STRATEGY 1 The planning process 1 Position analysis 2 Product Life Cycle 4 Internet strategy 6 Pricing 9 Mergers and acquisitions -- Strategic aspects 16 Strategy THE PLANNING PROCESS There are 2 theories about where the planning process should start: Accountancy led Where objectives are set independently
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capacity - Human – Training, Skills, Experience - Planning & Operational - # of shifts per day, bottlenecks, inventory decisions, quality control, procedures, late deliveries, defective purchased material - External – Products standards (Quality & Performance), pollution standards, paper work required by government agencies Strategic Capacity Planning – deals with long term overall capacity levels - Process: Forecast demand 1-5 years ahead -> Determine capacity requirements -> Measure the capacity
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2. (TCO 1) Marco Diner produced and sold 2,000 bagels last month and had fixed costs of $6,000. If production and sales are expected to increase by 10% next month, which of the following statements is true? (Points: 4) Total fixed costs will increase. Total fixed costs will decrease. Fixed cost per unit will increase. Fixed cost per unit will decrease. 3. (TCO 2) Which of the following is a manufacturing cost? (Points: 4) Direct material Advertising expense Depreciation of the office
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