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What's is UAE prevailed social factors that may affects your business (cafe) expansion as well. 150-250 words
When we say elasticity of demand and supply, what is the first thing that comes to your mind? Explain your answer.
Explain this statement: “The price of ability does not depend on merit but on supply and demand.” –George Bernard Shaw
Part of a Human Resources manager’s role is to ensure employees are motivated to perform in
the workplace. Write an essay where you describe and compare the two main approaches to
motivation.
3. Rohit Khurana accepted a new promotion as a manager with mixed feelings. He was proud of having his work recognized, but has some doubts about how he would like the new work. His former job as officer at Delhi Development Authority (DDA) involved regular contact with the general public, recoveries and processing their complaints, meetings with the press and image building. It was a high-profile job involving lot of exposure to media and publicity. With his job role he could build a good picture of DDA in the minds of the general public through advertisements, press conferences and television coverage highlighting the achievements of DDA in developing and constructing residential and commercial properties in and around Delhi.
A)If you were Rohit’s boss, what could you do to rectify this situation? (5 Marks)
B) Could this situation have been avoided altogether? (5 Marks)
b. In your opinion, which segmentation strategy is adopted by Kia Motors?
What are pull and push system
3."For any system, there is always a question of balance. It may be that some forms of system slack should be increased, while others should be decreased. That is the challenge". This is an argument in the book. What forms of system slack do you think should be increased? Discuss it. (25 points)
Futuristic was a newly setup firm in 2019. It is in the business of providing artwork. However, being in the business of standard art objects (non-essential items), it did not do well once it was hit by COVID-19. It has a selling price of ₹2,500 per piece and a variable cost of ₹1,000 per piece. It incurs an annual fixed cost of ₹30,00,000.
a. The manager of the business wishes to know- the number of art pieces they must sell to be at the break-even point the contribution margin
Mr. Sharma, founder of Pioma Plastics desires to increase the profit of the business in the coming year. He calls for a meeting with the managerial-level personnel and explains them that the selling price of their product is based on the prevailing market prices of their competitors. He seeks their advice on whether they should work backward on optimizing their costs by determining a standard cost for each of the components. Explain the process of standard costing to the founder as one of the managerial-level personnel. Would following standard costing help the founder in increasing the profit of the business
