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Mgt 521 Week 1 Research Paper

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Mgt 521 Week 1 Research Paper
Week 5 Assessed Questions

MGT/521

June 23, 2008

Individual Assignment: Create a Problem Statement How can Kudler Fine Foods reach more markets and produce the quality food that they are known for so they can open more stores of its kind to make more money? Many factors go into opening a new location and a main goal before actually opening the store entails details about the production. The production process tells us that there are many things that go into making goods before you can actually sell them. Some inputs include land, labor, capital, and knowledge. Production control on the other hand is about planning, routing, and scheduling. From our text Understanding Business, Andrew S. Grove, chairman of computer chip …show more content…
The single area that I would choose would be Economics. I believe it is important for one to know what is going on with the economy, and be up to date on the latest news regarding our economy and our country. What I can do to accomplish this better understanding is to reach out to the subject instead of choosing to ignore it. I can learn more through magazines, the television news, or websites. Since it is a weakness I should focus on it so that I can strengthen my knowledge about economics. I didn’t understand economic interdependency and it all seems like common sense once you understand the language of economics. It can be filled with jargon and maybe that is what has scared me away from the subject in the past. The demand curve is very important to know in every day shopping. Whether a home or a car, economics always plays a role in what something costs, what it used to cost, and what it is expected to cost. Economics plays a big role in daily life. Once you are familiar with the vocabulary that goes along with economics I believe it is easier to comprehend.
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