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Principles of Marketing (MGT301) Assignment solution

Imtiaz Hussain 0 Virtual University 20:59:00

Principles of Marketing (MGT301) |
Fall, 2022 Assignment No. 1<o:p></o:p>

<p align="center" class="MsoNormal" style="border: none; mso-border-bottom-alt: double windowtext 2.25pt; mso-border-top-alt: double windowtext 2.25pt; mso-padding-alt: 1.0pt 0cm 1.0pt 0cm; padding: 0cm; text-align: center;">Virtual University of Pakistan<o:p></o:p>

</div>

A&C Leather Co. is
a leather manufacturing company. They manufacture all leather products
including leather jackets, caps, and pants. The geographical location of the
current target market of A&C leather co. has four seasons (winter, spring,
summer, and autumn). They sell more units of products in the winter season as
compared to other seasons<o:p></o:p>

Q1: Which demand situation is faced by A&C
Leather Co? Justify your answer with valid arguments.<o:p></o:p>

Irregular demand is
when demand of company product changes at different times. It increases in some
season and decrease at some other time. It
is called irregular demand. <o:p></o:p>

A&C Leather Co.
face the irregular demand because A&C Leather Co. made lather products and
the geographical location situation has four seasons which are faced by A&C
Leather Co. As per situation more units are sold in winter because sale of
lather products increase in winter but in out season there is no need for
winter products which shows a very low sale of winter products like sweeter and
hot caps and jackets because these products are sold more in winter but people
has no need for the products in other season like hot summer season. So the
situation falls in irregular demand where the demand increase in one season and
has no need in other.<o:p></o:p>

<o:p> </o:p>

As per handout and
regular marketing strategy this situation can be deal by two methods.<o:p></o:p>

1.     
Demand shifting technique <o:p></o:p>

2.     
Synchro-marketing strategy<o:p></o:p>

1:  Demand
shifting technique:        <o:p></o:p>

In this method the
company made all other type of products which are usable in other seasons like
jackets are made which are also usable in other seasons like rain safety
jackets and gloves are made which are usable in other seasons like fashionable
gloves and jackets. Also vase coat are made which are usable in winter and
summer in both seasons. In this strategy regular demand in being changes with
other products and company capture the market.<o:p></o:p>

Example: A tea and
coffee making company has great sell in winter season because everybody like
tea and coffee but this demand decrease in summer but company can overcome this
sale decrease by producing more products like cold coffee and cold drinks, ice
creams which has also great use in summer seasons.<o:p></o:p>

In this strategy
company introduce a lot of offers for to increase the sale of the products like
the sale on winter clothe and products increase in winter season but has no
demand in other season so company provide a lot of offers, like sale offers ,
discount offers. In this method company gave a suitable discount and people but
products because they get product at a low price and sale decrease can be
covered. Like a products has unit price 100 rupees in winter season and has no
sell in summer season and company gave 45% discount in summer and people just
buy items because they are 45 rupees cheap then regular price. And people but
them for future use.<o:p></o:p>

<o:p> </o:p>

<o:p> </o:p>GDB Solution

Plan A:<o:p></o:p>

Plan A: A Depositor deposit Rs.
30,000 at the end of every six month with the interest rate 18% per month with
compounded semi-annually.

Solution: With the help of
statement we use formula;

FV = PMT x [ ( 1+ i/m)n x m -1)] / (i / m)         Where:   i= interest
and n for duration and m for semi-annually which means 2 term in one year. Here
person deposit amount two time in a year so we will use m=2 and n=5 because
total time is 5 year.<o:p></o:p>

<o:p></o:p>

FV =  30,000
x [ ( 1 + 18% / 2) 5 x 2 -1 ] / ( 18% / 2)<o:p></o:p>

FV =  30,000 x [ ( 1 + 0.18 / 2 ) 10
-1 ] / ( 0.18 / 2)<o:p></o:p>

FV = 30,000 x [ ( 1 + 0.09)10 – 1] / (0.09)<o:p></o:p>

FV = 30,000 x [ (1.09)10 – 1 ] / 0.09<o:p></o:p>

FV = 30,000 x [ 2.367 – 1 ] / 0.09<o:p></o:p>

FV = 30000 x [( 1.367)] / 0.09<o:p></o:p>

FV = 455787.89  Answer for 1st Plan<o:p></o:p>

<o:p> </o:p>

Plan B:<o:p></o:p>

Deposit Rs. 20,000 at the end of every quarter with interest
rate of 18% compounded quarterly<o:p></o:p>

<o:p> </o:p>

FV = PMT x [ ( 1+ i/m)n x m -1)] / (i / m)         Where:   i= interest
and n for duration and m for quarterly which means 4 term in one year. Here
person deposit amount four time in a year (each after 3 month) so we will use
m=4 and n=5 because total time is 5 year.<o:p></o:p>

<o:p> </o:p>

Calculation:<o:p></o:p>

<o:p> </o:p>

FV =  20,000
x [ ( 1 + 18% / 4) 5 x 4 -1 ] / ( 18% / 4)<o:p></o:p>

FV =  20,000 x [ ( 1 + 0.18 / 4 ) 20
-1 ] / ( 0.18 / 4)<o:p></o:p>

FV = 20,000 x [ ( 1 + 0.045)20 – 1] / (0.045)<o:p></o:p>

FV = 20,000 x [ (1.045)10 – 1 ] / 0.045<o:p></o:p>

FV = 20,000 x [ 2.41171 – 1 ] / 0.045<o:p></o:p>

FV = 20000 x [( 1.41171)] / 0.045<o:p></o:p>

FV = 627,426.666  Answer for 2nd  Plan<o:p></o:p>

<o:p> </o:p>

Question 2: Based on
calculations in part 1, suggest which option is not suitable for Mr. Arslan and
why?<o:p></o:p>

<o:p> </o:p>

Answer:<o:p></o:p>

Based on the above calculation the plan B is perfect for Mr.
Arslan because there are two major benefits behind this one is that he have to
pay amount quarterly each after three month which is most easy payment method
for Mr. Arslan. And also in Plan B Mr. Arslan will received 627,426 rupees after 5 year while in plan A
he will get 455787.<o:p></o:p>

<o:p> </o:p>

So Plan A is not suitable because the amount he received is 455787
which do not fulfill the needs and demands of Mr. Arlsan.  While the Plan B is suitable because Mr. Arslan
will received 627426 after 5 year which is perfect as per the
requirement of Mr. Arslan.<o:p></o:p>

<o:p> </o:p>

Solution 1:  <o:p></o:p>

Indirect Cash flow statement: <o:p></o:p>

Necessary Calculations<o:p></o:p>

Change
in trade debtor = 75000 – 30000 = 45000<o:p></o:p>

Change
in inventory  = 115000 – 102000 = 13000<o:p></o:p>

Change
in A/C Payable  = 19000 –  15000   
= 4000<o:p></o:p>

<o:p> </o:p>

<o:p> </o:p>

<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="background: white; border-collapse: collapse; margin-left: 19.5pt; mso-yfti-tbllook: 1184; width: 625px;">
 <tbody><tr style="height: 14.8pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
 <td style="border: solid black 1.5pt; height: 14.8pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 342.75pt;" valign="top" width="457">
 Cash
 flow from operating activities<o:p></o:p>
 </td>
 <td style="border-left: none; border: solid black 1.5pt; height: 14.8pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 125.95pt;" valign="top" width="168">
 Amount    
 (Rs.)<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 14.0pt; mso-yfti-irow: 1;">
 <td style="border-top: none; border: solid black 1.5pt; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 342.75pt;" valign="top" width="457">
 Profit before tax <o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.5pt; border-left: none; border-right: solid black 1.5pt; border-top: none; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 125.95pt;" valign="top" width="168">
 250,000<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 14.0pt; mso-yfti-irow: 2;">
 <td style="border-top: none; border: solid black 1.5pt; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 342.75pt;" valign="top" width="457">
 Depreciation – related to operating expenses<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.5pt; border-left: none; border-right: solid black 1.5pt; border-top: none; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 125.95pt;" valign="top" width="168">
 2000<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 14.8pt; mso-yfti-irow: 3;">
 <td style="border-top: none; border: solid black 1.5pt; height: 14.8pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 342.75pt;" valign="top" width="457">
 Gain on disposal of machinery<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.5pt; border-left: none; border-right: solid black 1.5pt; border-top: none; height: 14.8pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 125.95pt;" valign="top" width="168">
 -25,000<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 13.95pt; mso-yfti-irow: 4;">
 <td style="border-top: none; border: solid black 1.5pt; height: 13.95pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 342.75pt;" valign="top" width="457">
 Change in current assets
 during year.<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.5pt; border-left: none; border-right: solid black 1.5pt; border-top: none; height: 13.95pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 125.95pt;" valign="top" width="168"></td>
 </tr>
 <tr style="height: 14.0pt; mso-yfti-irow: 5;">
 <td style="border-top: none; border: solid black 1.5pt; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 342.75pt;" valign="top" width="457">
 Increase in trade debtor<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.5pt; border-left: none; border-right: solid black 1.5pt; border-top: none; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 125.95pt;" valign="top" width="168">
 -45,000<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 14.0pt; mso-yfti-irow: 6;">
 <td style="border-top: none; border: solid black 1.5pt; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 342.75pt;" valign="top" width="457">
 Increase in inventory<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.5pt; border-left: none; border-right: solid black 1.5pt; border-top: none; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 125.95pt;" valign="top" width="168">
 -13,000<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 14.8pt; mso-yfti-irow: 7;">
 <td style="border-top: none; border: solid black 1.5pt; height: 14.8pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 342.75pt;" valign="top" width="457">
 Increase in accounts payable<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.5pt; border-left: none; border-right: solid black 1.5pt; border-top: none; height: 14.8pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 125.95pt;" valign="top" width="168">
 -4,000<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 14.0pt; mso-yfti-irow: 8;">
 <td style="border-top: none; border: solid black 1.5pt; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 342.75pt;" valign="top" width="457">
 Total Cash generate<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.5pt; border-left: none; border-right: solid black 1.5pt; border-top: none; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 125.95pt;" valign="top" width="168">
 173,000<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 14.0pt; mso-yfti-irow: 9;">
 <td style="border-top: none; border: solid black 1.5pt; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 342.75pt;" valign="top" width="457">
 Income tax paid<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.5pt; border-left: none; border-right: solid black 1.5pt; border-top: none; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 125.95pt;" valign="top" width="168">
 -10,000<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 14.0pt; mso-yfti-irow: 10;">
 <td style="border-top: none; border: solid black 1.5pt; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 342.75pt;" valign="top" width="457"></td>
 <td style="border-bottom: solid black 1.5pt; border-left: none; border-right: solid black 1.5pt; border-top: none; height: 14.0pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 125.95pt;" valign="top" width="168"></td>
 </tr>
 <tr style="height: 14.8pt; mso-yfti-irow: 11; mso-yfti-lastrow: yes;">
 <td style="border-top: none; border: solid black 1.5pt; height: 14.8pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 342.75pt;" valign="top" width="457">
 Net profit<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.5pt; border-left: none; border-right: solid black 1.5pt; border-top: none; height: 14.8pt; padding: 0cm 5.25pt 0cm 5.25pt; width: 125.95pt;" valign="top" width="168">
 163,000<o:p></o:p>
 </td>
 </tr>
</tbody></table>

<o:p> </o:p>

<o:p></o:p>

Question No. 02<o:p></o:p>

Is it possible to have positive operating income but negative net cash
flow from operating activities? If yes then state the reasons.<o:p></o:p>

Answer:  <o:p></o:p>

Yes It is possible as
you can see in above statement that statement shows negative cash flow ( as
negative cash flow shows that company is getting lose and losing its money and
assets) but when  the operating income in
positive which shows the increase in the assets of the company. When you have
negative cash flow your company state is critical and you can’t reinvest the
amount because you are losing the amount an assets and trust of people which
shows very bad condition for the company profile. But here you can see that
cash flow in negative but the total assets of the company increased and company
filing shows net profit of 163,000 rupees.<o:p></o:p>

<o:p> </o:p>

<o:p> </o:p>

STRATEGIC
MANAGEMENT (MGT603) | Fall, 2022 Assignment No. 1<o:p></o:p>

Prepared
By:                         Imtiaz Hussain <o:p></o:p>

Course:                                   Strategic
Management<o:p></o:p>

<p align="center" class="MsoNormal" style="border: none; mso-border-bottom-alt: double windowtext 2.25pt; mso-border-top-alt: double windowtext 2.25pt; mso-padding-alt: 1.0pt 0cm 1.0pt 0cm; padding: 0cm; text-align: center;">Virtual
University of Pakistan<o:p></o:p>

</div>

Answer:
Mission statement of Quaid-e-Azam University<o:p></o:p>

1.     
Who are the
firm's customers<o:p></o:p>

Answer:  As per the given instruction in point 4
students are the customer of the university and university is serving them.<o:p></o:p>

2.     
What are the
firm's major products or services? <o:p></o:p>

Answer:  Quaid-e-Azam University is
Functioning as a research oriented institution.<o:p></o:p>

3.     
Where does the
firm compete? <o:p></o:p>

Answer:  As per mission statement point four firm
is serving in every corner of the country. Or we can say that firm is serving
all over the country.<o:p></o:p>

4.     
Is the firm
technologically current? <o:p></o:p>

Answer: There is no clue
about technology in the mission statement. But statement shows logical
knowledge base firm.<o:p></o:p>

5.     
Is the firm
committed to growth and financial soundness? <o:p></o:p>

Answer: As per mission
statement of the firm is fostering highest moral and practiced values. But the
mission statement is not committed with any growth of financial soundness.<o:p></o:p>

6.     
What are the
basic beliefs, values, aspirations, and ethical priorities of the firm?<o:p></o:p>

Answer:  There is no fix statement of values,
aspiration in the statement but the statements shows the highest moral and
practiced values and promise to meet the needs of the society.<o:p></o:p>

7.     
What is the
firm's distinctive competence or major competitive advantage?<o:p></o:p>

Answer: The form
distinctive advantage is to teach the students with logical knowledge and meet
the needs of the society. <o:p></o:p>

8.     
Is the firm
responsive to social, community, and environmental concerns? <o:p></o:p>

Answer: Yes the form is
responsive to society needs as the last point shows that it helps the society
by creating the harmony between people and society.<o:p></o:p>

9.     
Are employees a
valuable asset of the firm?<o:p></o:p>

Answer:  Mission statement encourage and ensuring the
supporting faculty and staff members to continue their professional in the
form.<o:p></o:p>

Mission
Statement of Islamia University Bahawalpur<o:p></o:p>

1.     
Customers: Who
are the firm's customers? <o:p></o:p>

Answer:  No clues available in the statement about the
customer about the University but logically only students are the customer of
the university.<o:p></o:p>

2.     
Products or
services: What are the firm's major products or services? <o:p></o:p>

Answer: As per mission
statement the research and academic program are the product and services of the
university.<o:p></o:p>

3.     
 Markets: Geographically, where does the firm
compete? <o:p></o:p>

Answer: No information
available about this question in the statement.<o:p></o:p>

4.     
Technology: Is
the firm technologically current?<o:p></o:p>

<p class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 35.45pt; margin-right: 0cm; margin-top: 0cm; mso-add-space: auto; mso-list: l2 level1 lfo3; tab-stops: 75.75pt; text-indent: -21.25pt;">5.       
 Is the firm committed to growth and financial
soundness? <o:p></o:p>

Answer:  No value of growth and finance is given in the
mission statement.<o:p></o:p>

<p class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 35.45pt; margin-right: 0cm; margin-top: 0cm; mso-add-space: auto; mso-list: l2 level1 lfo3; tab-stops: 75.75pt; text-indent: -21.25pt;">6.       
What are the
basic beliefs, values, aspirations, and ethical priorities of the firm? <o:p></o:p>

Answer:  Only
services and community engagement activities related information is given
in mission statement<o:p></o:p>

<p class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 35.45pt; margin-right: 0cm; margin-top: 0cm; mso-add-space: auto; mso-list: l2 level1 lfo3; tab-stops: 75.75pt; text-indent: -21.25pt;">7.       
 What is the firm's distinctive competence or
major competitive advantage? <o:p></o:p>

Answer:  Yes by conducting top quality academic
and research programs, services and community engagement activities. <o:p></o:p>

<p class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 35.45pt; margin-right: 0cm; margin-top: 0cm; mso-add-space: auto; mso-list: l2 level1 lfo3; tab-stops: 75.75pt; text-indent: -21.25pt;">8.       
Is the firm
responsive to social, community, and environmental concerns? <o:p></o:p>

Answer: Yes by
conducting academic and research program and environment conducive to teaching,
research<o:p></o:p>

<p class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 35.45pt; margin-right: 0cm; margin-top: 0cm; mso-add-space: auto; mso-list: l2 level1 lfo3; tab-stops: 75.75pt; text-indent: -21.25pt;">9.       
Are employees a
valuable asset of the firm<o:p></o:p>

Answer: Yes employees
are valuable assets of the firm because they conduct academic and research
program and activities and community engagement activities.<o:p></o:p>

Principles of Marketing (MGT301) Assignment solution

Principles of Marketing (MGT301) | Fall, 2022 Assignment No. 1 Prepared By: Imtiaz Hussain Course: ...

Should a leader be an effective manager as well? Give logical reasoning to support your view

Imtiaz Hussain 0 Virtual University 20:52:00

Should a leader be an effective manager as well? Give logical reasoning to support your view Answer:According to my opinion a manager is be a good leader but a leader cant be a good manager.becasue manager can lead the employees and fulfill all the administration related tasks.But the leader can only provide vision and cant manage office tasks and difficulties.<div class="separator" style="clear: both; text-align: center;"><a href="https://agcdn-1d97e.kxcdn.com/wp-content/uploads/2017/06/Boss-and-leader.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="531" data-original-width="800" height="212" src="https://agcdn-1d97e.kxcdn.com/wp-content/uploads/2017/06/Boss-and-leader.jpg" width="320" /></a></div> Reasons:I am a government employee and i have an incharge in my office which has a managerial skills and he manage the office as well as he canand i can say that he is manager and a good leader and under his leadership we work without any tension He always encourage us and help us in any difficulty. Similarly Imran Khan is a leader which provide us a vision for our nation and generation. He is a leader but cant be a manager,A leader can provide vision but cant manage office works. In any organization there must be a leader and manager and both are compulsory. Like in administration there are all members are leaders.Which provide vision to employees but cant manage them in line staffing. Administration can give order and manager fulfill the order.<div> </div>

Should a leader be an effective manager as well? Give logical reasoning to support your view

Should a leader be an effective manager as well? Give logical reasoning to support your view Answer: According to my opinion a manager is ...

Principles of Marketing (MGT301) | Assignment No. 2

Imtiaz Hussain 0 Virtual University 20:49:00

</div>

<o:p> </o:p><div class="separator" style="clear: both; text-align: center;"><a href="https://cdn.uconnectlabs.com/wp-content/uploads/sites/11/2018/11/01-principles-of-marketing-introduction-1-638.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="479" data-original-width="638" height="240" src="https://cdn.uconnectlabs.com/wp-content/uploads/sites/11/2018/11/01-principles-of-marketing-introduction-1-638.jpg" width="320" /></a></div>

D&F
sneakers is a sneaker manufacturing company. Recently they have introduced a
wide range of sneakers made
from recycled plastic waste, especially from ocean plastic. For that purpose, they made a contract of raw material with
an organization working on stopping
plastic waste on
beaches. They are focused on environment protection, saving ocean wildlife and building good brand image.<o:p></o:p>

Q1: Which marketing
concept/philosophy is used by D&F sneakers? Justify your answer with valid arguments?<o:p></o:p>

Answer: As per handout definition Societal marketing
concept is all about the development of human and society welfare. The company should make marketing decisions based on
consumer interests and society long term
benefits.<o:p></o:p>

D&F
sneakers has chooses social marketing concept in which they are getting raw
material from all those companies which collect plastic material from such
organization which works on stopping plastic pollution. D&F sneakers is
working as environment friendly business and making sneakers from recycled
product. As they are working as environment friendly so they will get customer
satisfaction and will make soon a good customer relationship. They used of
recycled plastic will save nature and also will save the forests and wildlife
animals and their generations. In their work they are cleaning beaches which
will provide the cleaning in the beaches and will attract the more visitors and
will increase the beauty of sea. It will provide a safe and sound life to sea
creatures. And the waste material like plastic botal and bags shall be recycled
and again used in sneakers and it’s the perfect used of such material. <o:p></o:p>

<o:p> </o:p>

Benefits of marketing
philosophy used by D&F Sneakers<o:p></o:p>

1.     
This
work is environment friendly.<o:p></o:p>

2.     
The
will decrease pollution at beaches.<o:p></o:p>

3.     
This
will provide the income source to many people.<o:p></o:p>

4.     
This
will recycle the raw material in a large quantity.<o:p></o:p>

5.     
People
will get the new variety of sneakers<o:p></o:p>

6.     
It’s
the best used of used plastic.<o:p></o:p>

7.     
It’s
a long term business and large quantity of resources will be consumed.<o:p></o:p>

8.     
It
will give the best competition to the large production companies.<o:p></o:p>

9.     
It
will increase the sale of cheap sneakers and build a good customer
relationship.<o:p></o:p>

10.  Increase in such companies will make the good living
standard of the people and country.<o:p></o:p>

<o:p> </o:p>

Principles of Marketing (MGT301) | Assignment No. 2

Principles of Marketing (MGT301) | Fall, 2022 Assignment No. 2 Prepared By: Imtiaz Hussain Course: ...

Total Quality Management – MGT510 Assignment No. 1

Imtiaz Hussain 0 Virtual University 20:42:00

Total Quality Management – MGT510| Fall, 2022 Assignment No. 1<o:p></o:p>

Course:                          Total Quality Management<o:p></o:p>

</div>

Solution<o:p></o:p>

(Prevention, Appraisal,
Internal failure and external failure cost)<o:p></o:p>

<o:p> </o:p>

<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: .5pt; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0cm 0cm 0cm 0cm; mso-table-layout-alt: fixed; mso-yfti-tbllook: 480; width: 668px;">
 <tbody><tr style="height: 13.05pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
 <td style="border: solid black 1.0pt; height: 13.05pt; padding: 0cm 0cm 0cm 0cm; width: 288.5pt;" valign="top" width="385">
 Description<o:p></o:p>
 </td>
 <td style="border-left: none; border: solid black 1.0pt; height: 13.05pt; mso-border-left-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 212.85pt;" valign="top" width="284">
 Type of cost<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 26.05pt; mso-yfti-irow: 1;">
 <td style="border-top: none; border: solid black 1.0pt; height: 26.05pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 288.5pt;" valign="top" width="385">
 In a restaurant, customer returns the ordered
 food because of bad taste.<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 26.05pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 212.85pt;" valign="top" width="284">
 External
 failure cost<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 26.15pt; mso-yfti-irow: 2;">
 <td style="border-top: none; border: solid black 1.0pt; height: 26.15pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 288.5pt;" valign="top" width="385">
 A manufacturing   firm 
  prepares   for 
  inevitable disruptions by mitigating supplier capacity risks.<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 26.15pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 212.85pt;" valign="top" width="284">
 Prevention<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 26.15pt; mso-yfti-irow: 3;">
 <td style="border-top: none; border: solid black 1.0pt; height: 26.15pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 288.5pt;" valign="top" width="385">
 The whole
 batch of medicine was rejected during re-inspection.<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 26.15pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 212.85pt;" valign="top" width="284">
 Internal
 failure<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 26.15pt; mso-yfti-irow: 4;">
 <td style="border-top: none; border: solid black 1.0pt; height: 26.15pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 288.5pt;" valign="top" width="385">
 Calibration of measuring and
 test equipment in a
 surgical manufacturing unit.<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 26.15pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 212.85pt;" valign="top" width="284">
 Appraisal<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 26.05pt; mso-yfti-irow: 5;">
 <td style="border-top: none; border: solid black 1.0pt; height: 26.05pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 288.5pt;" valign="top" width="385">
 Managing corrective action due to non-conforming
 products identified during
 an inspection.<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 26.05pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 212.85pt;" valign="top" width="284">
 Internal
 failure<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 26.15pt; mso-yfti-irow: 6; mso-yfti-lastrow: yes;">
 <td style="border-top: none; border: solid black 1.0pt; height: 26.15pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 288.5pt;" valign="top" width="385">
 Customer perception survey to align
 the product design with
 customer requirements.<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 26.15pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 212.85pt;" valign="top" width="284">
 Prevention<o:p></o:p>
 </td>
 </tr>
</tbody></table>

<o:p> </o:p>

<o:p> </o:p><div class="separator" style="clear: both; text-align: center;"><a href="https://gqmscert.com/wp-content/uploads/2021/08/tqm.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="535" data-original-width="800" height="214" src="https://gqmscert.com/wp-content/uploads/2021/08/tqm.jpg" width="320" /></a></div>

<o:p> </o:p>

Read
the description and identify
the relevant<o:p></o:p>

<p class="MsoListParagraph" style="line-height: 12.15pt; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 32.85pt; margin-right: 0cm; margin-top: 0cm; mso-line-height-rule: exactly; mso-list: l0 level1 lfo1; mso-pagination: none; tab-stops: 32.85pt 32.9pt; text-autospace: none; text-indent: -21.0pt;">v   Deming’s principle (Either being
followed or not)<o:p></o:p>

<p class="MsoListParagraph" style="line-height: 12.15pt; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 32.85pt; margin-right: 0cm; margin-top: 0cm; mso-line-height-rule: exactly; mso-list: l0 level1 lfo1; mso-pagination: none; tab-stops: 32.85pt 32.9pt; text-autospace: none; text-indent: -21.0pt;">v   Deming’s seven deadly diseases (Either existed or not)<o:p></o:p>

Provide
justification for your selection in terms of their implementation/existence.<o:p></o:p>

<o:p> </o:p>

<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: -13.7pt; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0cm 0cm 0cm 0cm; mso-table-layout-alt: fixed; mso-yfti-tbllook: 480; width: 676px;">
 <tbody><tr style="height: 24.55pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
 <td style="border: solid black 1.0pt; height: 24.55pt; padding: 0cm 0cm 0cm 0cm; width: 132.45pt;" valign="top" width="177">
 Description<o:p></o:p>
 </td>
 <td style="border-left: none; border: solid black 1.0pt; height: 24.55pt; mso-border-left-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 124.8pt;" valign="top" width="166">
 Deming’s Principle<o:p></o:p>
 </td>
 <td style="border-left: none; border: solid black 1.0pt; height: 24.55pt; mso-border-left-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 124.9pt;" valign="top" width="167">
 Deming’s          Seven<o:p></o:p>
 Diseases<o:p></o:p>
 </td>
 <td style="border-left: none; border: solid black 1.0pt; height: 24.55pt; mso-border-left-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 124.9pt;" valign="top" width="167">
 Justification<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 34.45pt; mso-yfti-irow: 1;">
 <td style="border-top: none; border: solid black 1.0pt; height: 34.45pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 132.45pt;" valign="top" width="177">
 Management
 does not think beyond the next quarter and does not have long-term plans to
 stay in the market.<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 34.45pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 124.8pt;" valign="top" width="166">
 Deming’s Principle are not followed in this
 statement<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 34.45pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 124.9pt;" valign="top" width="167">
 According to
 Deming’s Seven Diseases the diseases exist in this statement.<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 34.45pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 124.9pt;" valign="top" width="167">
 Statement
 does not follow the Deming Diseases, as per principal manager should have to
 think about long term planning, and organization have to stay in the market
 for a long time but here, there is no long term plan available.<o:p></o:p>
 As per Deming’s Seven Diseases, Lack of constancy of purpose<o:p></o:p>
 </td>
 </tr>
 <tr style="height: 61.0pt; mso-yfti-irow: 2; mso-yfti-lastrow: yes;">
 <td style="border-top: none; border: solid black 1.0pt; height: 61.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 132.45pt;" valign="top" width="177">
 Emphasizing
 too much on shareholder dividends and do not make innovations to product and quality.<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 61.0pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 124.8pt;" valign="top" width="166">
 Deming’s Principle are not followed in this
 statement<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 61.0pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 124.9pt;" valign="top" width="167">
 According to
 Deming’s Seven Diseases the diseases exist in this statement.<o:p></o:p>
 </td>
 <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 61.0pt; mso-border-left-alt: solid black 1.0pt; mso-border-top-alt: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; width: 124.9pt;" valign="top" width="167">
 Organization is emphasizing on it
 shareholder’s dividend and not making any progress in the product and in
 product quality. With this strategy organization can’t go long term in market
 and will close soon. As per Deming’s Seven Diseases there should be annual review of performance, focus on constancy of 
 purpose is next to impossible.<o:p></o:p>
 Principal of
 continue improvement is not followed.<o:p></o:p>
 </td>
 </tr>
</tbody></table>

<o:p> </o:p>

Total Quality Management – MGT510 Assignment No. 1

Total Quality Management – MGT510 | Fall, 2022 Assignment No. 1 Prepared By: Imtiaz Hussain Course: ...

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Total Quality Management – MGT510 Assignment No. 1

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