1. Create action plan for personal further professional development relating to planning and explain how action plan will enable you to apply planning theory into practice and how it will contribute to your own personal learning.
2. Suppose a company has $8,500,000 million in (annual) revenue and spends 62% of its revenues on purchases. By how much can this company increase its bottom line (profits) if it can decrease purchasing costs by 0.5%? (can you show me in excel how this would be computed)?