TEXTBOOK: Introduction to the Financial Management 6th or 7th edition by Michael Nowicki.
Question 1.
You are the new chief executive officer at Memorial Hospital. Memorial is a nonprofit hospital with 300 beds and is located in a busy metropolitan area directly adjacent to a large university. Memorial is the only hospital within a 20-mile radius of campus but constructed on a new, competing hospital that has just started within five miles. Identify three forecast content items. How will they be measured and what is the expected status of the content items in the future? Which forecasting techniques should you use? Why?
Question 2
It discusses Budgeting. (without concentrating on the math) What is the overall concept of this and why is it done (how does it benefit managers)?
Question 3
Review the Ratio Analysis Practice Problems. What is the overall concept of these (as a whole) and why is it done (how does it benefit managers)?
Question 4
Think about everything that is happening right now with health care change in this country, what do you think about our present and future in terms of healthcare in this country?
Question 5
You are the financial manager of clerk Pediatrics Center and you have a meeting with the board of directors in a month. You need to create a financial analysis of the organization. You have also been asked to compare Clark Pediatrics to other pediatric healthcare organizations in the area to create a trend comparison, What must you do to complete a financial analysis? What information do you need for both horizontal analysis and vertical analysis? What sources can you use for comparison? What kind of decisions can be made regarding this information?
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Q. 1: You plan to introduce a new cell phone in Pakistani market. Before doing so, you have to select a good name which can add greatly to a product’s success. Finding the best brand name is a difficult task. It begins with a careful review of the product and its benefits, the target market, and proposed marketing strategies. 2.5 Marks
While selecting the brand name for your cell phone, identify which of the following qualitie(s) should be included in your brand name and why:
(1) It should suggest something about the product’s benefits and qualities.
(2) It should be easy to pronounce, recognize, and remember: Tide, Jelly
Belly, iPod, Jet Blue.
(3) The brand name should be distinctive
(4) It should be extendable; Amazon.com began as an online bookseller but chose a name that would allow expansion into other categories.
(5) The name should translate easily into foreign languages.
(6) It should be capable of registration and legal protection. A brand name cannot be registered if it infringes on existing brand names.
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After reviewing the blogs and videos answer the following:
You are provided with a scenario below. As a group make a recommendation for the best approach for sales compensation plan based on what little information has been provided:
Scenario #1: In the midst of the pandemic you work for a restaurant in New York City who is trying to keep their doors open. Currently there is only curbside pickup available. You need to increase the number of pickup orders and you challenge the staff to come up with ideas and incentives to do so. What is their plan?
Paper length should be 3 to 4 pages in length using APA formatting and should include a cover page and reference page with a minimum of 3 resources used. The cover page and resource page are not included in the page count. See this reference for more details on APA style. All papers in this course must be submitted using MicrosoftWord. PDFs will not be accepted.
Blog: Tips for Building a Successful Sales Compensation Plan
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(https://www.doingbusiness.org/en/doingbusiness) Doing Business is a publication by the World Bank and provides objective measures of business regulations for local firms in 190 economies. Skim through the study and briefly describe its relationship with Chapter 7 (SOCIAL INFRASTRUCTURE AND LONG-RUN ECONOMIC PERFORMANCE ). Then download the data for one of the indicator, and show if it is related to GDP per capita.
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Of the cost reduction strategies for workers’ compensation mentioned in the required readings, which one do you think would work best in an industry you work in or an industry you are interested in working in? Why do you think this method is the best for your chosen industry? 500 words.
FYI: I am in the aviation industry, please incorporate this in your answer.
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