DQ1 Week 1 Please respond to this discussion question by Thursday Day 3 In management how important is it to learn to use mathematics to solve problems How valuable is an MBA degree without the ability to identify and calculate the cost of a company s capital its return on investment gross margin percentage break even point or what percent of a population would be willing to buy its product Every metric value of any variable in business has a quantified number with it and some relationship to some other strategic value One has to be able to calculate return on investment so the CEO or CFO is one step ahead of the investors Gross margin percentage and break even point analysis are essential elements in a business plan With these the organization is armed to be able to develop cash flow analysis in future years based on current information and these projections show whether the company is solvent or not Population goals of marketable products in a percentage develops strategies for marketing One would not entertain a 400 000 market through direct mail and one would like to know why a certain target group likes a product and how the organization can improve market share Knowing the metrics of the market place is essential to a striving business moving forward and minimizing marketing expense risks
View Full Document
Unlocking...