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What can managers use to assess the effect on final product costs of a nine percent increase in raw materials?
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What is the salary for product manager?
It depends on the product, the company, the current employment market for product managers, and the individual's education, experience and performance.
What is a product by value analysis and what type of decision does it help managers make?
A product-by-value analysis lists products in descending order of their individual dollar contribution to the firm, as well as the total annual dollar contribution of the product. It helps managers evaluate possible strategies for each product. The product-by-value report focuses management's attention on the strategic direction for each product.
Why did vertical integration increase the power of corporations?
It allowed them to predict and plan their production processes. They controlled their supply of raw materials. It allowed them to control all aspects of sale and manufacture of a single product.
What is the difference between Product Management and Operations Management?
Product management in many cases involves a single line of products within the larger corporate framework. The product managers are tasked with making sure the procutes they are responsible for are manufactured or purchased economically, shipped, delivered, sold at a profitable price. An example would be within the old Borden corporation there were separate product management groups that dealt with Cracker Jacks and Elmers' glue products. Operations management deals with the infrastructure that enables the product managers, development managers, research managers, accounting managers and all of their staffs to do their work. Operations often will be the ones who provide the desk, the buildings, the telephones, computers, janitor services, security and on and on.. Sometimes the definitions change and operations will be the group directly responsible for the product, especially in a service business. Sometimes operations will be split into other areas, facilities, IT, food service, etc.. The definitions are flexible and unique to each company.
What are different types of managers in a organization?
In a manufacturing company you would have:Sales Managers - responsible for making salesMarketing Manager - responsible for advertisingPurchasing Managers - responsible for buying raw materialsProduction Managers - responsible for making the productFinance Managers - responsible for the moneyCost Accountants - responsible for analysing costsIT Manager - responsible for computingHuman Resources manager - responsible for staff training and welfare.Product Development Managers - responsible for new product designPersonnel Management - responsible for hiring, firing, and trainingTHIS IS A PROFESSIONAL EDIT
What is meant by an 'increase in real GDP by 2 percent '?
GDP = gross domestic product
How do you find the new price of a percent increase?
You multiply the percent ( so 40% = .4) by the number then add the product to the original number.
How do you increase a number by 40 percent?
If you multiply the number by 1.4 the product is the number increased by 40 percent. This is because of the distributive property. And you thought multiplying by 1 was meaningless...
What is the wholesale price of a product if the percent of increase is 35 percent and the amount of increase is 14.70?
Suppose the wholesale price is x. Then 35% of x is 14.70 that is, x*35/100 = 14.7 or x = 14.7*100/35 = 42.00
What is the percent of change for 136 days to 85 days?
-37.5%
What is the materials used?
That depends on the product.
What is the percentage increase in going from 13 to 260?
Because 10*13 = 130 and 130*2 =260, it follows that 260 is twenty times the size of 13. Hence, going from 13 to 260 produces an increase of 19 times the quantity of comparison (the value we deem as 100%) so the percent increase will be the product of 100 and 19 as percent. the percentage increase is 1,900%.
What is the salary for product manager?
It depends on the product, the company, the current employment market for product managers, and the individual's education, experience and performance.
An increase in product price will cause?
the product supply increase. The quntity deman decrease
Are raw materials and product the same?
No. Raw materials are the materials that make up the product before anything is done to them; i.e. they are the materials that you start with. So for example, if I wanted to make a cake, the flour, sugar and eggs would be the raw materials; and the cake would be the product.
What are three major cost components of a manufactured product?
Materials(the cost of the raw materials used in the product) Labour(the cost in employing workers to manufacture the product) Transportation(the costs associated with both the transportation of the materials and of the finished product)
What is the definition of percent of increase?
Percent of increase is the product of changes in price over the original price with 100%. That is:percent increase = (changes in price/original price) x 100%.For example:In a year period, the price of a stock increased from 50 dollars a share to 59 dollars a share. To find the percent of increase in the share price, compare the change in price to the original price:percent increase = (changes in price/original price) x 100%.= (59 dollars - 50 dollars)/50 dollars x 100%= 18%
