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Essay Available:
Pages:
2 pages/≈550 words
Sources:
1 Source
Level:
APA
Topic:
Management
Type:
Book Report
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 9.36
Topic:

Management Book Report: Siх Sigmа Quаntitаtivе Mеаsurеs (Book Report Sample)

Instructions:

Prompt: Assume you are opening a sandwich store to compete with a local Subway. Using this worksheet, make a list of requirements you believe will be
important to your customer (e.g., open late). Then, in the second column, translate each of these customer requirements into quantitative measurements that
you can track.

source..
Content:


SIGMA QUАNTITАTIVЕ MЕАSURЕS
Student name
Course name
Lecturer's name
Date
Customer Requirement

Quantitative Measurement

1 Open till late

Opening till late entails operating beyond the normal operation hours of between 8.00 am and 6.30 p.m. The business has decide to operate till late, between 8.00 am and 9.00 pm. This is inorder to factor in the consider the requirements of customers who work till late at night. Working till late enables the business make more sales which translates into increased profitability in the long run. Infact, working late is likely to increase sales revenue by 20 % and consequent increase in profitability by almost the same margin.

2 Proper pricing

According to Hollensen, S. (2015), pricing is an important tool that guarantees customer satisfaction particularly if in entails venturing into a new market. Because this is a new sandwich store, proper pricing will put the store in a competitive edge to enable it compete with others. If the competitors put their prices, I would price it differently, of course lower that the competitors' prices but good enough to enable the business break- even. Proper pricing will is projected to increase sales revenue by close to 20% and subsequent profitability increase by almost the same margin.

3 Proper packaging

Packaging is

...
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