BUS325: College of Business and Financial - The Main Advantages of Standardization - Business Assignment Help

Assignment Task:

Part I – problem-solving 
1. A perfume manufacturing company is introducing a new perfume. The perfume factory pays a monthly rent of $4,000. Variable costs would be $5 per perfume, and perfume retail price is $13 each. Using the equation Q=FC/(R-V), find out how many perfume must be sold in order to break-even

2. In a textile mill actual output is 62 hours, design capacity is 150 hours, and the effective capacity is 120  hours. What is the utilization rate of textile mill 
3. If Effective capacity is 60 trucks per day and actual output is 45 trucks per day, the efficiency is _____
4. You have added a new line of product which requires leasing for a monthly payment of $4,000. Variable costs would be $2 per unit, and retail price for $6 each. What would be the profit/loss if 900 units are made and sold in a month?

5. Find the design capacity when utilization = 90 and actual output = 45 trucks per day

Part II – short answers
1. How capacity planning decisions have an impacts on operating cost. Explain with examples from real world  situations
2. There are three decision environments face by organization. Critically evaluate each environment with  examples

3. Contrast applied research and basic research with example

4. What is CAD? Describe some of the ways a product designer can use it

5. Explain the main advantages of standardization.

Part III – case study
1. Case study of service design
You are working as a manager in a catering company. The management of a large hostel for senior citizens  having more than 500 people, has requested you to design a meal service menu in the form of a buffet that  offers higher quality, more flexibility, and increased choice of food. Senior citizens having compromised  senses and their sense of smell and taste decreases reducing your appetite. Research says that if they have lage aie of choice he on? kip meal? Some medicaion cae naea? edced appetite, and change food tastes perceptions. In this case, the side effects can discourage them from eating, and they end up skipping meals. In that case a food they like most is the best choice. The difficult part of request is that food should be very reasonably priced. Therefore, quality, flexibility, increased choice of food and low price is the main criteria to get the contract. There will be 5 meals per day and you have to design buffet menu for each meal with price per person in Bahraini Dinar.

2. Case study on decision theory 
You are having a boutique selling latest designs of fashion according to season. Your marketing team has  informed that there is a large market for ladies leather jackets. You have decided to try this product in Bahraini  market but at low scale because you are not sure ladies will prefer leather jackets in moderate weather winter of  Bahrain. Therefore you have decided to order leather jackets for winter season at the price of BD70 each. The  jackets will be sold for BD100 each. Any jacket left over at the end of the winter season can be sold at BD50 each.  There are three alternatives to decide which one is the best - buy 40, 60 or 80 jackets. There are three possible  states of nature ? demand is 30, 50 or 70 jacket. After deciding on each action and state of nature, calculate and  create a payoff table as per format given below. This decision making will maximize your profit by avoiding access  or shortage of stock. 

3. Case study on strategic capacity planning
You have textile factory producing all types of dresses for defense and public security. Public security has placed  an order of 80,000 pairs of socks for its staff. Yo? fac?o?? doe?n?? ha?e capaci?? ?o in??all machine? fo? making  socks and you are looking for another facility. You have identified three locations ? A, B and C. But expenses of  each facility are divergent. For example facility A having lowest annual fixed cost has highest variable cost per  unit. On other hand, facility C having highest annual fixed cost has lowest variable cost per unit. In order to meet  fixed cost and variable cost you need a loan from bank. Interest rate will be low if you pay back early. You will be  able to pay back the loan when you reach breakeven. If you charge high price per unit you will reach breakeven  early. Using the table below, find out the price for each alternative to be charged for breakeven 

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