Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Management Expert

Dan Miller is a dentist who has a thriving practice in the medium-sized city. Newly business suffered as a consequence of patients not paying their dues on time. Problem intensified so much so that he makes a decision to do something about it. Consultant recommends that he offer 5% discount for instant payment, but Dan is not sure if that will resolve problem. He also thinks how much this move will cost him. One of his friends says him that discount present would be bad idea because he knows of construction company which used discount policy, that ended in disaster. Company lost 5% of its revenue on those who would have paid promptly anyway, and those who didn't intend to pay on time just did not pay.

Critically examine Dan's friend's suggestion. prepare the applicable aspects also any judgments in advice. Does Dan's friend make any uncertain assumptions?

prepare other substitutes for Dan Miller and describe their relative benefits.

 

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M931278

Have any Question? 


Related Questions in Business Management

Each question needs to be answered in detail one of my

Each question needs to be answered in detail. One of my answers is below and I only got half credit. I need help better explaining. Also the first two question must be explained in length and detail 1.) Briefly describe ...

Suppose that rio rancho elementary school rres currently

Suppose that Rio Rancho Elementary School (RRES) currently employs 30 teachers, the only variable input, at a (weekly) wage rate of $700. The average product of labor (APL) (e.g. average student-teacher ratio) is 20, the ...

Can you please help me calculate the answers to the

Can you please help me calculate the answers to the questions below showing the equations and work so that I can help understand.  Assume that the consumption schedule for a private open economy is such that consumption ...

Prepare a 3-4 pages personal leadership development

Prepare a 3-4 pages Personal Leadership Development Plan (times new roman, 12 pts, single spaced), in which you'll address the following questions: In your opinion, what are the qualities of an ideal leader. Describe the ...

Business environmentstate the number of words used at the

Business Environment State the number of words used at the end of your assignment. You may include diagrams, figures etc. without word penalty. A sliding scale of penalties for excess length will be imposed according to ...

Organizational culturedefining organizational culture

Organizational Culture Defining organizational culture, Schein states that a group's culture is influenced by the group's accumulated learning. Do you agree or disagree with Schein's statement and why? Can you provide sp ...

What is the difference between the linear compensatory rule

What is the difference between the linear compensatory rule and the conjunctive rule?

Explain the concept of backward scheduling and give

Explain the concept of backward scheduling and give examples of how you use backward scheduling in your personal life. (Question 7, page 546) Backward planning is the process of determining where each of the varied produ ...

This question basically asks you to compare the net present

This question basically asks you to compare the Net Present Value (NPV) to the Internal Rate of return (IRR) on the time length of an investment project.. a. Draw a "growth curve" for a investment project on a log P V t ...

Please answer the following questions with 80 words or more

Please answer the following questions with 80 words or more Why should a manager be involved in human resource for an organization as well as the communication methods that an organization uses? How does a manager effect ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen