Problem 26: It can be any college or just a fictional sample.

that control helps to implement the firm's strategy. Consider the fol- a primary lowing activities and circumstances, and discuss whether use of a budget a control is appropriate: a. research and development department of a mature manufacturing firm b. marketing expense of a start-up technology company c. travel expense for the salesforce of an insurance company d. energy costs for a public utility company e. costs of environmental remediation for a chemical manufacturer f. production g. operational costs of classroom buildings in a public university costs in a car manufacturing company 26. LO.1 (Information and cost management) A product's or service's price is a func- tion of its total production or performance costs. In turn, the total production or per- formance cost reflects the aggregate costs incurred throughout the supply chain. industry that has been characterized by rapidly rising costs and prices. Study your college's or university's supply chain and prepare a table identi- Higher education is one fying specific ways in which improved communications with suppliers and customers cost savings for the educational institution, its suppliers, or its could result in specific (students). Organize your table in three columns as follows: customers Specific Cost to Be Reduced Information Source Specific Information to Be Obtained 27. LO.2 &LO.3 (Cost management and strategy; writing) You are the product ager at a silicone chip manufacturer. One of your products is a commodity chip widely used in cell phones, printers, digital cameras, and computers. As product manager, you haun full profit responsibility for the commodity chip. man nmr and cniovs an enviable