Week 1 - Chapter 1: 2. Why is it important to match supply...

Chapter 1:
2. Why is it important to match supply and demand? If a manager believes that supply and demand will
not be equal, what actions could the manager take to increase the probability of achieving a match?

Chapter 2:
2. List the key ways that organizations compete.
Hourly wage $12.00
Material Cost $6.00
Week Output Workers Material (lbs) Labor Overhead Material Productivity figures
1 30000 6 450 $2,880.00 $4,320.00 $2,700.00 3.03
2 33600 7 470 $3,360.00 $5,040.00 $2,820.00 2.99
3 32200 7 460 $3,360.00 $5,040.00 $2,760.00 2.89
4 35400 8 480 $3,840.00 $5,760.00 $2,880.00 2.84
Overhead 1.5
Hours 40