Planning future activity plays a crucial role in a company as it plans for the future demands of the market. The future planning of the company for the production, finance, marketing, etc., can be done through forecasting technique. The forecasting plan helps the organization to establish the sales performance goals, get real and accurate pictures of sales, estimates the number of raw materials, the workforce of the production. ABC Furniture Company is one such company that likes to predict the sales for their subsequent year based on the customer traffic data (Shim, 2000). However, before proceeding with the sales ...
Variation Business Plans Samples For Students
3 samples of this type
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This is an analysis that determines the relationship that exists between two variables: price and quantity demanded. (Linoff, 2008). The pizza company intends to establish a firm at the National Harbor in Washington DC. The firm carries out a regression analysis to determine the relationship between price and quantity of pizza. The sample data on the variables was collected for a period of thirty days. The simple linear regression model may be represented by the equation below:
Y= B0 + B1X
Y= Quantity of pizza.
B0= autonomous demand
B1 = Demand that depends on the price.
X= Price of a ...
Shuzworld needs to decide which would be more economical: reconditioning their existing equipment for this production, buying new equipment, or outsourcing the production to China. Reconditioning which has a fixed cost of $50,000 and included as a variable cost of $1,000 for every 1,000 sneakers produced. By purchasing new equipment it has a fixed cost of $200,000 and a variable cost of $500 for every 1,000 sneakers. By outsourcing production to China they will incurr no fixed costs, and the variable costs will be $3,000 for every 1,000 sneakers that will be produced.
Inputting this data into POM for Windows gives the following results.
A visual representation ...