Essay Questions

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Nyrk88

Business Finance

Description

You will have the role of an entrepreneur. Think about the fictional organization attached.Assume that your fictional business was very successful and that your customer orders were higher than expected.

1-Compose a full paragraph that describes a potential bottleneck resource within the production chain of your good or service.

2-Describe the dependent event(s) that precede the bottleneck and what is causing the bottleneck issue.

3-Describe what you would do to alleviate the bottleneck and improve your throughput.

Use a minimum of two APA sources

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My business is a moving company called Safe Movers. Safe Movers is a company that helps people as well as businesses move their goods from one house to a new one or even from one office to another. Among the outstanding services that we offer include relocation which involves packing, loading, moving, unloading, unpacking, and perfectly arranging them in the places that are desired by our clients. My company also organizes for items to be shifted either from one office to the intended office at the preferred position. Among the additional services may include cleaning services for offices, warehousing facilities, and houses. My personnel also offer technical skills of fixing household equipment such as furniture installation services, gift handling services to clients who hold events as well as occasions where various valuable gifts are received. Safe Movers primary focus is to provide security for the clients' valuable goods during transportation to the new destinations, and also offer to assist in the technical side of the business. My intended customers are any household or office owners who intend to move their stuff safely and at a reasonably good price. The fixed cost that I have in my company, Safe Movers, is the insurance of the trucks that we use in moving the valuables. Insurance is essential to the company in case there is an unexpected accident that involves the trucks during work or even the goods that are currently handled by my staff (Kaplan, Atkinson, 2015). The variable cost that I face is the price discount that I offer to my regular and loyal customers, which also depend on the distance covered, and the fuel prices which differ in various states. The potential cost is the maintenance fees that are to be incorporated on the vehicles used for moving, and this should be done more often to avoid any form of breakdown during the transportations. The potential relevant cost decision that I would have to make is the moving fees to be charged depending on the distance to be covered. Some of the clients would want to move to houses in different states, and this would not be the same distance to be traveled compared to a distance within the same state. Therefore, the aspect of the decision that is relevant is the distance to be covered while the one that would not be relevant is the number of people who are to travel along with the stuff and the truck (Reynolds, 2016). The opportunity cost would apply when the company decides to first provide services to a client who wants to move to a house or even an office that is outside the state, as compared to the one who is moving within the state. This is because the one moving the farthest pays the most. Including security guards is one outsourcing decision that I would buy, and the one outsourcing decision that I would make is to install tracking devices and CCTV in the company trucks (Schaper, 2016). The analysis that I would use in making the decision is the clients' preference on the type of truck, whether it is the one with CCTV and tracking device or with security guards.
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Explanation & Answer

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Running head: ESSAY QUERIES

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ESSAY QUERIES

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The potential bottleneck resource with the production chain of the service provided by
Safe Movers is the low number of trucks that are used in the delivery of customers and business
products. The bottleneck involving the company is evident through opportunity cost encountered
by the enterprise. Maher, Stickney, and Weil (2012) assert that the opportunity cost as an
accounting perspective entails the profit or revenue lost as a result of selecting one alternative
over another. For example, the company often has to opt for interstate deliveries ...


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