case study on pace design

As on 31st December, 2020 Pace Designers turnover is OMR 1,00,000. How much money the company will spend on Research and Development?

a.

OMR 30000

b.

OMR 3000

c.

OMR 3

d.

OMR 300

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Pace Designers has adopted a specialized route to perform some of the manufacturing operations, which come from four satellite companies including a wholly owned subsidiary unit in

a.

United Kingdom

b.

United States

c.

Oman

d.

Germany

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For Pace Designers, the center point of all _____ has been its in-house research and highly skilled personnel.

a.

Operations

b.

Engineering

c.

Research

d.

Manufacturing

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Pace Designers is a

a.

Medium Enterprise

b.

Micro Enterprise

c.

Large Enterprise

d.

Small Enterprise

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Pace Designers is

a.

an automobile company

b.

a distributor of automobiles to consumers

c.

none of the given options

d.

a supplier of parts to automobile companies

Jump to...

Pace Designers is in manufacturing machine tool business. The company was started by Khalid Al Amri in 2010 and is located in Muscat, Sultanate of Oman. As on 31" December, 2020 Pace Designer's sales turnover s OMR 1,00,000. The company employs 20 people. It was started as a freelance design house. It moved into manufacturing activity as its designs were commercially accepted by the industry. It started manufacturing engine valves, pistons and other components. At present it design eight models of CNC lathes. Pace Designers has adopted a specialized route to perform some of the manufacturing operations, which come from four satellite companies including a wholly owned subsidiary unit in the U.S in 2017. These satellite companies provide opportunities for individual employee growth. They also act as independent profit centers. Pace Designers was exposed to international markets when it became a supplier to a German car company in 2015. The company spend about 3% of the total sales on Research and Development activities. The company invested OMR 500,000 to build up engineering activities. The center point of all operations has been its in-house research and highly skilled personnel. By 31" December 2021, Khalid plans to have a total turnover of OMR 2,00,000 with support from wholly owned subsidiary in the foreign market