The PARC Company makes whatsits and in order to make whatsits, they must have gismoes. PARC can purchase gismoes to be used in building whatsits for $90 each. PARC can manufacture their own gismoes for $7000 per year overhead cost plus $25 direct cost for each gismoe, provided they purchase a gismoe maker for $100,000. PARC expects to make whatsits using gismoes for 10 years. The gismoe maker should have a salvage value of $20,000 after 10 years. PARC uses 12% as its minimum attractive rate of return. At what annual production rate should PARC make their own gismoes

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?