Engineering management Assignment Example | Topics and Well Written Essays - 500 words

Engineering management - Assignment Example In this regards, the price of a commodity in a competitive market will vary until it reaches a point where the quantity demanded is equals to the quantity supplied. Therefore, other than friendly prices on the market, an increase in income results to an increase in demand. Thus, as incomes increases, people are able to purchase more which means many may opt to purchase the products next month. In this case, increased advertising leads forecast consumers expected utility, which means they become aware of the product, and in the end might buy it. Sales of product and advertising expenditure are intertwined in that decrease advertising will always have a negative influence on the customers purchasing behavior. Therefore, a sales manager needs to invest more in advertising in order to increase the sale of the product. It is rational that if the sales manager has to make maximum sales, they must be in a position to balance between all expenses that he incurs and the volume of production. This will help it keeping the prices and maintaining a competitive advantage over the competitors. d. A manager of an international construction company making an estimate of the risk of civil unrest in a country which was formerly part of the Soviet Union and where the company is considering making investments The manager needs to understand that expanding its operations into other countries especially former Soviet Union ally, a company can face a number of political and economic challenges. One of the political challenges is government interference. Different governments have different levels of business interferences. Such things as business laws and taxing system of a country affect the progress of a company. To deal with this, the business needs to make calculations of all the required payments to the government and determine if it will be profitable