Question

Imagine you are the CEO of a corporation. You need to make a tradeoff decision between...

Imagine you are the CEO of a corporation. You need to make a tradeoff decision between optimizing for market share and optimizing profitability. What factors might you consider?
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Just as CEO (chief executive officer) of a corporation to make a tradeoff decision between optimizing for market share and optimizing profitability must consider these factors:-

* Improve the The Employee Management System.

* Increase quantity and volume :- increase in quantity as per consumer demand to avoid shortage of products.

* Eliminate sleppage.

* Increase selling price :- Charge the customer in a palatable way..

If a self-service option is truly preferable, customers should be willing to take on the work for nothing or even pay for the privilege..

* Improve the Customer Management System.

* Improve efficiency :- Set the right efficiency measurement to guide continuous improvement.

Thankyou....

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Imagine that you are a manager in a large entity and need to make a recommendation...
Imagine that you are a manager in a large entity and need to make a recommendation to the CEO on which tender to accept. The job being put out to tender by the entity is worth millions of dollars, and you have a significant ownership share in one of the companies tendering. Outline the ethical issues to be considered. (7 marks. Word limit: minimum 120 to maximum 150 words)
Share an Example from your own life of a time when you faced a preference tradeoff...
Share an Example from your own life of a time when you faced a preference tradeoff and a cost (budget) tradeoff in order to make a decision. If one of the options had become significantly cheaper, how would it have altered your decision? What if you had had a significant increase in income?
Imagine that you have just purchased a product you have wanted for a long time. Consider...
Imagine that you have just purchased a product you have wanted for a long time. Consider how the three purchase phases were involved in your decision process. Interview a friend or family member about a recent purchase they have made. Ask them to describe how the three purchase phases affected their purchase decision process. What are one or two major differences in the factors between your purchase decision and the other person’s purchase decision?
When creating a graph, we need to make a decision about the numbering of the axes....
When creating a graph, we need to make a decision about the numbering of the axes. If you had the following range of data for one variable, how might you label the relevant axis? 337 280 279 311 294 301 342 273
What considerations would a company need to make before using the high low method to project...
What considerations would a company need to make before using the high low method to project costs into the future? Provide at minimum 3-4 factors to consider with respect to cost projection. Do not address areas such as profitability. Be specific.
What decision making skills do effective leaders need? Describe a situation where you needed to make...
What decision making skills do effective leaders need? Describe a situation where you needed to make an important decision. What was the process you went through to reach a decision?
Imagine you are in a scenario in which the CEO and Chief Operating Officer of a...
Imagine you are in a scenario in which the CEO and Chief Operating Officer of a small company are having a disagreement about the best approach for employee satisfaction. The CEO believes that it’s not a good idea to stretch people too far out of their comfort zones, whereas the COO believes that it’s good to push employees to strive for and accomplish new goals. Which organizational theory is most applicable in this case and what are the leadership implications?
You are the CEO of a company and you are considering entering into an agreement to...
You are the CEO of a company and you are considering entering into an agreement to have your company buy another company. You think the price might be too high, but you will be the CEO of the combined, much larger company. You know that when the company gets bigger, your pay and prestige will increase. Describe the relationship between shareholders and financial manager in a corporation and the nature of the agency conflict here.
Simple answer please. Imagine you are a CEO of a bakery company that has decided to...
Simple answer please. Imagine you are a CEO of a bakery company that has decided to implement an activity-based costing system to better allocate associated costs of producing loafs of bread, packaged rolls, and packaged crescents. What rate allocation method would you use (plantwide or departmental)? Why would you choose that method over the other?
Imagine that you are in chemistry lab and need to make 1.00 L of a solution...
Imagine that you are in chemistry lab and need to make 1.00 L of a solution with a pH of 2.70. You have in front of you 100 mL of 7.00×10−2M HCl, 100 mL of 5.00×10−2M NaOH, and plenty of distilled water. You start to add HCl to a beaker of water when someone asks you a question. When you return to your dilution, you accidentally grab the wrong cylinder and add some NaOH. Once you realize your error, you...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT