Question

An example of strategic planning is 1) deciding where to locate a new manufacturing plant. 2)...

An example of strategic planning is

1) deciding where to locate a new manufacturing plant.

2) forecasting next week's demand of a given product item.

3) targeting customer demand for aggregate product families.

4) setting inventory levels for a given product.

Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer: Option (1) - Deciding where to locate a new manufacturing plant.

Explanation: Strategic planning of an organization usually consists of the long term strategic decisions that guides the direction of the firm and defines ways of achieving the organizational goals. In the given case, only scenario 1 i.e. deciding where to locate a new manufacturing plant is an example of strategic planning. Rest all of the given alternatives constitutes operational planning and day-to-day business decisions of an organization.

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
Planning to Hire Human resource planning cannot be done in a vacuum. The HR department needs...
Planning to Hire Human resource planning cannot be done in a vacuum. The HR department needs to understand the company's strategic plan and be able to hire or shed jobs as necessary. As you read the following case, think about how Alicia Brooks, HR manager at Edu-Films, needs to take a balanced approach to hiring the right amount of staff for the company's next big project. In this exercise, please read the mini-case and answer the questions that follow. Edu-Films...
Wormwood, LTD produces a variety of furniture products. The planning committee wants to produce an aggregate...
Wormwood, LTD produces a variety of furniture products. The planning committee wants to produce an aggregate plan for the next 6 months. Complete the spreadsheet cells colored in blue. Month 1 2 3 4 5 6 Demand 160 150 160 180 170 140 Demand Units Capacity Cost Per Unit Regular 150 150 150 150 160 160 Regular Units $50 Max Overtime 10 10 10 10 10 Overtime Units $75 Max Subcontract 10 10 10 10 10 10 Subcontract Units $80...
Napier Paper Inc. is deciding whether to build a new manufacturing plant. The proposed project would...
Napier Paper Inc. is deciding whether to build a new manufacturing plant. The proposed project would have an upfront cost (at t = 0) of $30 million. The project's cost can be depreciated on a straight-line basis over three years. Consequently, the depreciation expense will be $10 million in each of the first three years, t = 1, 2, and 3. Even though the project is depreciated over three years, the project has an economic life of five years. The...
1. Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South...
1. Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden ools. The company bought some land 7 years ago for $5 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor instead. If the land were sold today, the company would net $9.8 million. The company wants to build its new manufacturing plant on this...
i need answer for Following Questions: 1: Use the Drag and Drop function to put the...
i need answer for Following Questions: 1: Use the Drag and Drop function to put the following events in the order they occur in the Amazon product receiving and order fulfillment process: Put the item in a bin/tote. Once the item is in its bin in its specific location, it is on sale on the website A customer purchases the item from Amazon.com Receive product from the vendor on 53 foot trailers, on pallets or in case quantity. Create a...
Matthew and Mark work for AMG, and want to do some aggregate planning using "Level Production...
Matthew and Mark work for AMG, and want to do some aggregate planning using "Level Production without Backorders" for the manufacturing of brake calipers for Mercedes Benz S63 sedans. They figure the front brake calipers take 9 hours to forge and assemble while the rear calipers take 7 hours to forge and assemble. They pay their people $24.00 per hour and it costs them $900.00 to hire and $1,300 to fire each employee. They currently employ 6 people and have...
1. Read the article and discuss how operations can provide strategic advantage to this organisation. 2....
1. Read the article and discuss how operations can provide strategic advantage to this organisation. 2. Discuss the performance of the company in terms of the five performance objectives and the relationship among these performance objectives. 3. Discuss a suitable operations strategy approach for these kinds of organisations. Operations Strategy in Action Almost every company seems to be restructuring itself to face the downturn, be it through financial engineering, or by retrenching to core activities. So they sell off foreign...
Question 5: Forecasting (8 p) The table below shows the demand (in units per quarter) of...
Question 5: Forecasting (8 p) The table below shows the demand (in units per quarter) of a specific product in the past three years. Quarter Year 1 2 3 4 2015 350 254 176 228 2016 367 258 169 236 2017 342 250 166 228 Predict demand in quarter 1 and quarter 2 of 2018, given that the demand forecast for the whole year is a total of 1,040 units. Question 6: DRP (8 p) A central DC supplies a...
1.A) In abut 5 lines explain how associative methods of forecasting differ from Time series methods...
1.A) In abut 5 lines explain how associative methods of forecasting differ from Time series methods of forecasting. B) Which one would you use to explain how the demand for pork might affect the demand for beef? 2. What all does Hard Rock Cafe's Point of Sale (POS) system capture? At what level is the information aggregated? 3. A) In about 5 lines, discuss the key differences between Time Series method of forecasting and Qualitative Methods of forecasting. B) Name...
AGENDA: PROFIT PLANNING (BUDGETING) Building a master budget. 1. Sales budget 2. Production budget 3. Direct...
AGENDA: PROFIT PLANNING (BUDGETING) Building a master budget. 1. Sales budget 2. Production budget 3. Direct materials budget 4. Direct labor budget 5. Manufacturing overhead budget 6. Ending finished goods inventory budget 7. Selling and administrative expenses budget 8. Cash budget 9. Budgeted income statement 10. Budgeted balance sheet OVERVIEW OF BUDGETING A budget is a detailed plan for acquiring and using financial and other resources over a specified period. Budgeting involves two stages: • Planning: Developing objectives and preparing...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT