Question

Give an example and details of an industry (education, healthcare, IT, finance, retail, hospitality etc.) which...

Give an example and details of an industry (education, healthcare, IT, finance, retail, hospitality etc.) which heavily relies on understanding of demand (flow) vs quality.

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

Homework Answers

Answer #1

Healthcare is an example of an industry which relies heavily on understanding of demand vs flow. This is because in healthcare industry, the hospitals and healthcare clinics have to ensure that the patient inflow or patient demand is met keeping in mind the quality of treatment that has to be given to the patients. The healthcare industry has to ensure that the patient demand is also met, i.e. the speed of treatment has to be ensured in order to cover more number of patients. Also the quality of treatment has to be supreme and no compromise can be made on this parameter. Hence both these factors have to be balanced in this industry.

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
Give an example of a personal finance experience you have had which involved the concept of...
Give an example of a personal finance experience you have had which involved the concept of the time value of money. What have you learned?
Give an example of an industry which likely imposes a negative externality. How do we model...
Give an example of an industry which likely imposes a negative externality. How do we model this situation in a standard supply and demand framework? What is the difference between the social cost and the private cost? What is the relationship between the quantity produced by the unregulated market and optimal quantity? How do we quantify the harm imposed by negative externalities? How would you explain this harm?
Review the discussion and discuss whether you agree or disagree with the content and give an...
Review the discussion and discuss whether you agree or disagree with the content and give an example of the direct method: The main difference between indirect and direct cash flow methods is the decision to report all the details or sum them up into one step. Indirect method relies more on accrual accounting which can offer ease of set-up and update opportunities. However, indirect method lacks in offering “a clear picture of cash flows throughout a business” Direct cash flow...
Read the NY Fed's section and write a memo summarizing the details of the report. Summary...
Read the NY Fed's section and write a memo summarizing the details of the report. Summary of Economic Activity Economic activity in the Second District continued to grow at a moderate pace in the latest reporting period, and the labor market has remained tight. Input prices increased at a slightly faster pace, while selling prices continued to rise modestly. Fairly robust growth was reported in most service and distribution industries. Manufacturers reported that growth has slowed somewhat from its rapid...
The jewellery industry is undergoing a vast transformation. There has been a shift in the mindset...
The jewellery industry is undergoing a vast transformation. There has been a shift in the mindset of buyers who prefer branded jewellers over traditional retailers. Thus, there is a need for small retail jewellers to accept the change and think like big corporations. Even luxury jewellery brands need to attract buyers to their stores using different techniques. Another hindrance to the traditional jewellery business is the growing popularity of online jewellery stores. Thus, there is a greater need for jewellery...
Explain the complete HAZOP procedure as followed in the industry. See summary below. Explain all the...
Explain the complete HAZOP procedure as followed in the industry. See summary below. Explain all the main parts of HAZOP study in details given in the Pdf file including: 1. Overview (including definitions and usage) 2. Hazop methodology (including phases like definition, preparation, examination, documentation and follow-up). Give examples also 3. Risk review 4. Risk communication Guidance: Study the procedure carefully and then write the answers in your own words. Hazard & Operability Analysis (HAZOP) 1   Overview: Hazard and Operability...
1. Explain and give examples of the 5 existing business model patterns. 2. Can the business...
1. Explain and give examples of the 5 existing business model patterns. 2. Can the business below use that business model pattern? Explain. Overview- We are going to start a bakery business as I have my interest in bakery. This is going to be start-up business plan. The name of our Bakery would be “Bake It or Make It”. It would be managed by me along with my team of new bakers around the city. Opening a bakery at initial...
Analyze the market segmentation, which is explained in the market segmentation for business design below. Overview-...
Analyze the market segmentation, which is explained in the market segmentation for business design below. Overview- We are going to start a bakery business as I have my interest in bakery. This is going to be start-up business plan. The name of our Bakery would be “Bake It or Make It”. It would be managed by me along with my team of new bakers around the city. Opening a bakery at initial stage would involve a lot of investment and...
Amazon CEO Jeff Bezos’ 2020 letter to shareholders details the company’s plans to combat the coronavirus...
Amazon CEO Jeff Bezos’ 2020 letter to shareholders details the company’s plans to combat the coronavirus Amazon CEO Jeff Bezos just published his annual letter to shareholders, and the efforts his company is taking to address the COVID-19 crisis were front and center. He outlined the company’s plans to build a lab to test employees and the social distancing measures its implemented in its facilities among other initiatives. Other than the coronavirus pandemic, Bezos also discussed the retail giant’s efforts...
Please review the following below and provide , one-page reaction to this budget proposal. 1. Budget...
Please review the following below and provide , one-page reaction to this budget proposal. 1. Budget The President’s Budget and Health Care While the president’s budget is not likely to be acted upon by Congress, it does signal what the administration’s priorities are—as well as what policy initiatives they might push. Repeal the Affordable Care Act: The administration’s budget includes a plan that is based upon the plan put forward by Sens. Lindsey Graham (R-SC) and Bill Cassidy (R-LA) last...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT