Two global marketing entry strategies that can be suggested to penetrate the Jamaican market are
1. joint venture. 2. Franchise
The selection of these strategies is supported by credible references:
1.The Jamaica Promotions Corporation (JAMPRO)
2. The International Franchise Association (IFA)
Two global marketing entry strategies that can be suggested to penetrate the Jamaican market are:
1.Joint Venture: A joint venture involves partnering with a local Jamaican company to establish a presence in the market. This strategy allows for sharing of resources, knowledge, and expertise between the foreign company and the local partner. By collaborating with a local partner, the foreign company can benefit from their understanding of the local market dynamics, consumer preferences, distribution channels, and regulatory environment. This can help mitigate risks, enhance market knowledge, and build strong relationships with local stakeholders.
2.Franchising: Franchising is another effective strategy to enter the Jamaican market. It involves granting the rights to operate under an established brand and business model to local franchisees. Franchising allows the foreign company to expand rapidly by leveraging the local franchisees' knowledge of the local market and their ability to adapt the business model to suit local preferences. Franchisees also bring local market insights, existing customer relationships, and operational capabilities, which can significantly reduce market entry costs and risks.
The selection of these strategies is supported by credible references:
1.The Jamaica Promotions Corporation (JAMPRO), the official investment and trade promotion agency of Jamaica, encourages joint ventures as an entry mode for foreign companies. They highlight the benefits of partnering with local firms to gain access to local knowledge, networks, and market insights.
2.The International Franchise Association (IFA) identifies franchising as a successful entry strategy for global markets, including Jamaica. They emphasize the advantages of franchising in terms of leveraging local expertise, reducing risks, and achieving faster market penetration.
By utilizing these entry strategies, foreign companies can tap into the Jamaican market effectively, leveraging the local market knowledge, networks, and operational capabilities of local partners or franchisees
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Stakeholders of projects often have different and conflicting expectations and requirements. How can this affect the development of the scope of a project and how can project managers resolve such matters?
When a project has various stakeholders, it is essential to keep them updated about the project's progress. Projects' success depends on how well stakeholders can be satisfied by the project's outcome.
Below are some of the ways how the stakeholder's different and conflicting expectations can affect the development of a project's scope:1. Insufficient analysis: Different stakeholder groups may have separate concerns and wants that may not be addressed correctly if a proper analysis is not done.2. Incomplete scope: A stakeholder may have different requirements that may lead to the project not achieving its objectives.3. Decrease in quality: It can happen when there is a focus on pleasing every stakeholder, and the project may suffer in terms of quality to meet these needs.4. Scope creep: Conflicting expectations and requirements can lead to scope creep.5. Time and budget overruns: If there is no proper balance in accommodating the stakeholder requirements,
there may be overruns in time and budget.To resolve such matters, a project manager can do the following:1. Collaborative approach: A collaborative approach can be used where stakeholders can negotiate and discuss the project's priorities.2. Define scope: Ensure that the scope of the project is well-defined and accurately documented so that everyone can understand the project's objectives.3. Communication plan: Create a communication plan and make sure that stakeholders are regularly updated with the project's progress.4. Set priorities: The project manager should set the priorities that meet the stakeholders' requirements while maintaining the project's scope, budget, and timeline.5. Risk assessment: Risk assessment helps in identifying the project's potential risks, such as budget, schedule, or resource limitations. It helps the project manager prepare for any issues that may arise.
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Consider the following information for Giant Corp.
UCFAT is a level perpetuity.
Firm Value= $ 100m
Present value of tax benefits =20 million.
Amount of debt= unknown.
Interest rate on debt=10%
Unlevered cost of Equity = 20%
Depreciation= $ 1 million per year.
New Equipment= 1 million per year.
UCFAT is unlevered cash flow after tax
Question content area bottom
Part 1
Use 99 if the answer is indeterminate
a) WACC of the firm is ____ % enter your response here (Round to two decimals)
b) Tax Rate is ____ % enter your response here (Round to two decimals)
a. The WACC of the firm is 12.57%. b. The Tax Rate is 30%. In this scenario, the present value of tax benefits is given as $20 million.
a) The WACC of the firm is 12.57%.
The Weighted Average Cost of Capital (WACC) is a measure of the average rate of return required by all of the firm's investors. It is calculated by weighting the cost of each source of capital (debt and equity) based on their respective proportions in the capital structure. In this case, since the amount of debt is unknown, we cannot determine the exact WACC. Therefore, we use 99 as a placeholder to indicate an indeterminate value.
b) The Tax Rate is 30%.
The tax rate represents the percentage of taxable income that a company is obligated to pay in taxes. In this scenario, the present value of tax benefits is given as $20 million. To calculate the tax rate, we can divide the present value of tax benefits by the unlevered cash flow after tax (UCFAT) and multiply by 100. Therefore, the tax rate is calculated as ($20 million / $100 million) * 100 = 20%.
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Find the variance of the binomial distribution for which n = 800 and p = 0.87. A) 696 B) 32.54 C) 9.51 D) 90.48 Max 13) The test scores of 30 students are listed below. Find the percentile that corresponds to a score of 74. 13) 31 41 45 48 52 55 56 56 63 65 67 67 69 70 70 74 75 78 79 79 80 81 83 85 85 87 90 92 95 99 A) 30th percentile C) 40th percentile B) 90th percentile D) 50th percentile 14) The distribution of blood types for 100 Americans is listed in the table. If one donor is selected at 14) random, find the probability of selecting a person with blood type AB- Blood Type O+ 0- A- B+ B- AB+ AB- Number 37 34 6 10 2 4 1 A) 0.05 B) 0.10 C) 0.01 D) 0.99 A+ 6 3 7) 7) The names of 70 contestants are written on 70 cards. The cards are placed in a bag, and three names are picked from the bag. A) stratified B) convenience C) cluster D) random E) systematic
A The variance of the binomial distribution is A 696
B The percentile that corresponds to a score of 74 is D. 50%.
C The probability of selecting a person with blood type AB- is C 0.01.
D It is an example of a random sampling.
How to explain the informationA The variance of the binomial distribution is given by the formula:
Var(X) = npq
In this case, we have n = 800 and p = 0.87. So, the variance is:
Var(X) = 800 * 0.87 * 0.13 = 696
Therefore, the answer is A.
B The percentile that corresponds to a score of 74 is the number of scores that are less than or equal to 74, divided by the total number of scores. In this case, there are 15 scores that are less than or equal to 74, out of a total of 30 scores. So, the percentile that corresponds to a score of 74 is 50%.
C In this case, there is 1 person with blood type AB- out of a total of 100 people. So, the probability of selecting a person with blood type AB- is 0.01. Therefore, the answer is C.
D The names of 70 contestants are written on 70 cards. The cards are placed in a bag, and three names are picked from the bag. This is an example of a random sampling. Therefore, the answer is D.
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1. Make lists of TEAM FUN! rewards: extrinsic versus intrinsic;
financial versus nonfinancial; performance-based versus
membership-based.
2. Evaluate the appropriateness of these rewards for maintaini
The lists of TEAM FUN! rewards are as follows: extrinsic versus intrinsic; financial versus nonfinancial; performance-based versus membership-based.
Extrinsic rewards:
Lunch with boss
Gift card
Cash prize
Promotion
Salary raise
A day off
Intrinsic rewards:
Public recognition
Opportunity to work on a challenging project
Positive feedback
Professional development
Autonomy
Financial rewards:
Bonus
Salary raise
Gift card
Vacation fund
Retirement plan
Non-financial rewards:
Public recognition
Flexibility to work from home
Casual dress code
Onsite gym
Free snacks
Performance-based rewards:
Bonus
Salary raise
Promotion
Membership-based rewards:
Access to exclusive events
Team-building activities
Social clubs
Volunteer opportunities
Evaluate the appropriateness of these rewards for maintaining employee motivation.
Extrinsic rewards are appropriate for short-term motivation, such as finishing a project. However, intrinsic rewards have a more long-lasting effect on employee motivation, as they appeal to an individual's inner drive and sense of purpose.
Financial rewards are effective for tangible performance, but non-financial rewards can have a greater impact on employee happiness and motivation.
Performance-based rewards are ideal for motivating individuals, whereas membership-based rewards are suitable for creating a sense of community and promoting teamwork.
The appropriateness of these rewards depends on the type of work, the goals of the team, and the preferences of the employees.
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On 25 July 2017, the Securities and Exchange Commission (SEC) issued an
investigative report, henceforth called the DA Report, which examined whether
tokens offered and sold by a virtual" organization known as "The DAO" were securities
and therefore subject to federal securities laws. The official name of the report was
" Report of Investigation Pursuant to Section 21(a) of the Securities Exchange Act of
1934: The DAO".
a. In its report, the SEC referenced the Supreme Court ruling SEC v. W.J. Howey
Co., 328 U.S. 293, 301 (1946), which is nowadays referred to as the "Howey
Test". List the criteria of the Howey Test that determine whether an investment
contract exist and whether a token issue should be treated as a securities
offering.
b. Describe what the SEC concluded in its DAO Report and explain how it affected
future initial coin offerings?
On 25 July 2017, the Securities and Exchange Commission (SEC) issued an investigative report, henceforth called the DA Report, which examined whether tokens offered and sold by a virtual" organization known as "The DAO" were securities and therefore subject to federal securities laws. The official name of the report was " Report of Investigation Pursuant to Section 21(a) of the Securities Exchange Act of
1934: The DAO".
a) In its report, the SEC referenced the Supreme Court ruling SEC v. W.J. Howey Co., 328 U.S. 293, 301 (1946), which is nowadays referred to as the "Howey Test". List the criteria of the Howey Test that determine whether an investment contract exists and whether a token issue should be treated as a securities offering. The Howey Test is a measure of whether an offering constitutes security. According to the Securities and Exchange Commission (SEC), the Howey Test has three elements:It is an investment of money. There is an expectation of profits from the investment. There is a common enterprise with the expectation that profits will be derived from the efforts of the promoter or a third party.
b) In its DAO Report, the SEC discovered that The DAO tokens were securities and that they had been sold without being registered with the SEC. The DAO, which was promoted as a “decentralized venture capital fund,” raised over $150 million from thousands of investors worldwide in exchange for DAO tokens. The SEC's determination that the DAO tokens were securities had a significant effect on the future of initial coin offerings (ICOs). Because the DAO tokens were sold without being registered with the SEC, the SEC concluded that ICOs must comply with federal securities laws. Since then, the SEC has issued various warnings and brought enforcement actions against ICOs that do not comply with these rules.
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The supervisor of a community swimming pool has developed two methods for chlorinating the
pool. If gaseous chlorine is added, a chlorinator will be required that has an initial cost of $8000
and a useful life of 5 years. The chlorine will cost $650 per year, and the labor cost will be $800
per year. Alternatively, dry chlorine can be added manually at a cost of $1000 per year for
chlorine and $1900 per year for labor. By using the Equivalent Uniform Annual Worth or
Estimated Uniform Annual Cost methods, determine present worth analysis if the interest rate
is 10% per year. The Present Worth of chlorine gaseous is -P13,494.92 and the Present Worth of
dry chlorine is -P10,989.84.
ps; please include cash flow diagram, thank you
The supervisor of a community swimming pool has developed two methods for chlorinating the pool. If gaseous chlorine is added, a chlorinator will be required that has an initial cost of $8000 and a useful life of 5 years. The chlorine will cost$650 per year, and the labor cost will be $800 per year. Thus, option A is appropriate.
The initial cost is the real cost per unit or stock on hand of the product. When you select the first cost for your product, keep track of your company's expenses and profits.
The purchase price, installation fees, and building charges are included in the initial costs. These are the up-front expenses related to the building supplies or machinery you select.
An early cost estimate can help an organisation decide whether to approve a project and if the project proceeds, it can help define its scope.
Thus, option A is correct.
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a list of foods is searched for cream using binary search. foods list: bread, butter, cereal, cheese, coffee, cream, milk, oatmeal, rice, tea
Binary search algorithm is a very efficient searching technique for sorted arrays.
In the given list of foods, the binary search is performed for the element 'cream'. Binary search works by dividing the array into two halves repeatedly until the element is found. The array is first sorted in ascending order. Then the middle element is compared to the element to be found. If the middle element is greater than the element to be found, the search is performed in the left half of the array, otherwise, the search is performed in the right half. This process is repeated until the element is found or the array is exhausted. In this case, the element 'cream' is found at index 5 of the array, and the binary search algorithm returns the index number as output.
Binary search algorithm is a very efficient searching technique for sorted arrays.
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What specific supply chain challenges (at least two) might the
company need to prepare for in the next five years? How might the
company mitigate these challenges?
In the next five years, companies might have to prepare for the following two specific supply chain challenges like increased competition, environmental concerns, and many more.
1. Increased competition: One of the significant challenges faced by supply chain management is increased competition, and companies need to prepare for this. The supply chain industry is continually changing, and every company must keep up with the latest trends and new ideas to be successful in the market.
In this way, the company could mitigate this challenge by being updated with the latest technology and industry trends to meet the market demand and provide innovative solutions.
2. Environmental concerns: The global environment has been facing numerous environmental problems, such as climate change, pollution, and environmental degradation. This challenge is very critical in the supply chain because it affects various supply chain processes like transportation, packaging, and waste disposal.
Therefore, companies need to prepare themselves for this challenge by adopting sustainable practices like green packaging, efficient transportation methods, and minimizing waste. The company could mitigate this challenge by using eco-friendly materials and suppliers, minimizing waste and reusing materials, and implementing environment-friendly processes.
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James Company wants to identify and then store in its database a "Preferred Vendor" for each inventory item it sells such that when a purchase order is created for that item, the vendor field on the purchase order can be pre-populated. The "Preferred Vendor" attribute value will be stored in the O Item master file O Vendor master file General Ledger master file O Sales Order transaction file
The "Preferred Vendor" attribute value would typically be stored in the Vendor master file. Option b is correct.
The Vendor master file is a database that contains detailed information about each vendor or supplier that a company deals with. It typically includes information such as vendor name, contact details, payment terms, and other relevant data. By storing the "Preferred Vendor" attribute in the Vendor master file, James Company can associate each inventory item with its respective preferred vendor.
When a purchase order is created for a specific item, the vendor field on the purchase order can be pre-populated with the "Preferred Vendor" value stored in the Vendor master file. This helps streamline the purchasing process and ensures that the correct vendor is automatically selected for each item.
Therefore, b is correct.
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A country with a domestic equilibrium price higher than the world price will become a(n) ___ if that country opens up for trade. a importer b exporter c the country will not trade
If a country with a domestic equilibrium price higher than the world price opens up for trade, it will become an importer.
When a country opens up for trade, it allows the import and export of goods and services. If the domestic equilibrium price (the price at which the quantity supplied equals the quantity demanded within the country) is higher than the world price (the price at which goods are traded internationally), it indicates that the country's producers are unable to compete with the lower-priced imports available in the global market. As a result, domestic consumers will prefer to purchase cheaper imported goods, leading to an increase in imports and making the country an importer.
This allows consumers to access goods at a lower price, but it may have implications for domestic producers who face increased competition.
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The lights dim in the concert hall of the Colorado Symphony Orchestra and the audience falls silent. Conductor Martin Alsop raises his baton to direct a piece by composer Scott and over the performance stage a camera image is projected. Tom and Jerry, the famous duo, scamper cross the
screen.
What are Tom and Jerry doing at a classical music performance? The symphony orchestra hopes they - and other marketing innovations - will bring in larger and younger audiences.
Symphony orchestra concerts are not the only US entertainment form facing an increasingly grey-haired clientele.
But the demographics of symphonic attendance are striking. A study of concertgoers released last year by the National Endowment for the Arts found audiences declining for every age group under 50. According to the St Paul Chamber Orchestra, only 6% of its audience is under 35.
An ageing audience eventually means more empty seats. Eight symphony orchestras have closed in the USA in the last ten years. Last year alone, the orchestras of San Diego and Sacramento shut down.
What's needed, say observers, is a complete overhaul of marketing strategy. Eugene Carr, president of Culture Finder, a Net information service about the arts, says he realized just how little symphony orchestras have changed when the New York Philharmonic recently presented a concert nearly identical to a performance a century ago.
Previously foreign concepts such as building a brand image measuring customer satisfaction and creating name recognition are finding their way into classical music parlance.
The Oregon Symphony, for instance, has conducted market research to find out what appears to
its viewers. Our theory is, the music's not the problem, it's how it's presented says Don Roth, director of the orchestra. To attract a younger clientele, the Oregon Symphony has introduced concerts under a new brand name, Nerve Endings. We did it this way because it lets people know that these concerts will be different from your standard fare says Maureen O'Connor in charge of marketing for the orchestra. Under the auspices of the new brand, the Oregon Symphony is venturing on to new ground. A February concert featured a corpse in the lobby, cordoned off with police tape. The corpse was a dummy of Mozart, a display designed to create a mood for that night's Mozart programme.
Another Nerve Endings performance featured a flamenco-inspired classical music programme, complete with dancers, videos of flamenco singers, and discounts to flamenco parties at local night clubs.
QUESTION Suggest a programme of marketing research that could be useful in helping an orchestra develop a good marketing strategy.
A programme of marketing research that could be useful in helping an orchestra develop a good marketing strategy can be discussed by the points of Demographic research, Customer satisfaction research, Brand image research etc.
A programme of marketing research that could be useful in helping an orchestra develop a good marketing strategy is discussed below:
Marketing research is the process of systematically collecting, analyzing, and interpreting data about customers, competitors, and the market for a product, service, or idea. It can help orchestras develop a better understanding of their audience and create effective marketing strategies that will attract and retain customers.
The following marketing research program could be useful for orchestras to create an effective marketing strategy:
1. Demographic research: Understanding the audience demographics is essential for orchestras to develop an effective marketing strategy. This type of research would include information on the age, gender, income, education level, and other relevant demographic factors of their audience.
2. Customer satisfaction research: Collecting data on customer satisfaction can provide valuable insights into what audiences like and dislike about the orchestra's performances and services. This could include surveys or focus groups to gather feedback on the overall experience of attending an orchestra performance.
3. Brand image research: Orchestras must maintain and develop a strong brand image to attract new audiences. This research could include investigating how the orchestra is perceived by current and potential audiences and identifying opportunities to improve its brand image.
4. Competitor research: Understanding the competition can help orchestras differentiate themselves and create a unique selling point. This research could include analyzing the marketing strategies of competing orchestras and identifying opportunities to differentiate from them.
5. Market trends research: Orchestras must stay up-to-date with market trends to remain relevant to audiences. This type of research could include identifying emerging trends in the music industry and finding ways to adapt to them.
These research programs can help orchestras understand their audience, improve their marketing strategies, and attract new audiences.
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In
the Harvard Case Study: Diamond Developers,
If the company decides to develop its own system, how should it go
about doing this? What role could universities or other outside
experts play? Who mi
In the Harvard Case Study: Diamond Developers, if the company develops its own system, it should define system requirements clearly. Involves understanding company needs, including operations, data, and integration.
What is the Case Study?They have to:
Create an internal team with experts in software development, project management, and system implementation. Team oversees full development process - design, code, test, deploy.
Conduct R&D: Explore innovative technologies, frameworks, and methodologies aligned with system requirements. Stay current with industry trends, attend conferences, and work with research institutions.
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cleatus receives utility for consuming pretzels (p) and other goods (g). a. describe his preferences between bundles a
the receives utility for consuming pretzels (p) and other goods (g).Preferences: It is an assumption that likes both are pretzels and other goods. we don't know how he ranks these goods. could either prefer pretzels to other goods or vice consuming pretzels or consuming other goods.
To understand ' preferences between different bundles of pretzels and other goods, we can use the concept of utility. Utility is the satisfaction a consumer derives from consuming a good or a bundle of goods The concept of utility helps in the understanding of consumer preferences. Utility is subjective; it varies from person to person. It is difficult to measure utility; however, we can assume that more of a good leads to greater utility .To describe preferences between different bundles of pretzels and other goods, we can use the concept of marginal utility.
Marginal utility is the additional satisfaction a consumer receives from consuming an additional unit of a good .As we don't know the exact preferences of between pretzels and other goods, we can assume that receives a certain level of utility from consuming pretzels and another level of utility from consuming other goods. It is important to note that total utility is the sum of the marginal utilities of each good consumed by the consumer. We can assume that is rational and aims to maximize his total utility. if receives 10 units of utility from consuming pretzels and 8 units of utility from consuming other goods, then his preferences are not well-defined between these two goods. could either consume only pretzels, only other goods, or a combination of both that maximizes his total utility.
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Develop a detailed compensation package for any one of the following job titles.
Staff Accountant
Business Analyst
Recruiter
Use any 5 points -
Use some of the following criteria and do not keep it limited to this, you may add more. However please make sure you use quantifiable numbers or values.
Base Salary
OT eligible or not
Pension match timeline and Criteria
Benefits Match Criteria
Additional Benefits - Add at least 2 with amounts or criteria (Tuition reimbursement, Parental and maternity top ups or Shift Premiums, Holiday bonus , Gym Membership etc).
The staff accountant is responsible for maintaining and updating financial records for a business.
A detailed compensation package for a staff accountant can include the following:
Base Salary: The base salary for a staff accountant can be set at $60,000 per year. This salary can be adjusted based on the candidate's experience and education.OT Eligibility: The staff accountant can be eligible for overtime pay if they work more than 40 hours per week. The overtime pay can be set at 1.5 times the hourly rate.
Pension Match: The company can offer a 401k plan and match 50% of the employee's contribution up to 6% of their salary. This match can be vested after three years of service.
Benefits Match: The company can offer medical, dental, and vision benefits. The employer can cover 80% of the cost of these benefits, while the employee is responsible for the remaining 20%.
Additional Benefits: The staff accountant can be eligible for tuition reimbursement up to $5,000 per year. The company can also offer a gym membership reimbursement of up to $500 per year.
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Victory Alliance Corp. has Assets $400,000, Sales of $200,000, COGS of $95,000, Interest Expense of $10,000, Depreciation and Amortization of $10,000, Debt of $100,000, and Selling and General Administrative Expenses of $35,000. What is the TIE ratio? (If needed, answer with up to two decimal places, for example, X.XX.)
The TIE (Times Interest Earned) ratio measures a company's ability to cover its interest expenses with its earnings. It is calculated by dividing earnings before interest and taxes (EBIT) by the interest expense.
Given:
Sales: $200,000
COGS: $95,000
Interest Expense: $10,000To calculate the TIE ratio, we need to determine the EBIT.EBIT = Sales - COGS - Selling and General Administrative Expenses - Depreciation and Amortization
= $200,000 - $95,000 - $35,000 - $10,000
= $60,000Now we can calculate the TIE ratio using the formula:TIE Ratio = EBIT / Interest Expense
= $60,000 / $10,000
= 6Therefore, the TIE ratio for Victory Alliance Corp. is 6.
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An example of a firm-created barrier to entry is a) Next Page an absolute cost advantage. b) marginal cost pricing. c) collusive behaviour. d) predatory pricing. e) an economy of scale.
An example of a firm-created barrier to entry is e) an economy of scale. This refers to the situation where larger firms have a cost advantage over smaller firms due to their ability to produce goods or services at a lower average cost.
By operating at a larger scale, these firms can spread their fixed costs over a greater output, resulting in lower per-unit costs. This cost advantage makes it difficult for new entrants to compete effectively in the market, as they may struggle to achieve the same economies of scale and cost efficiencies.
An economy of scale occurs when a firm's average cost decreases as its level of production increases. This can be achieved through various means, such as specialized technology, bulk purchasing, or efficient production processes. By benefiting from economies of scale, larger firms can offer their products or services at lower prices, making it challenging for new entrants to compete on cost alone.
The cost advantage resulting from an economy of scale acts as a barrier to entry because new firms entering the market would need to achieve a similar scale of operations to be cost-competitive. This often requires significant upfront investments and poses challenges for smaller or startup businesses.
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For an E-commerce company, an instant messaging mobile application is required for day-to-day communications. For a given business use case, derive the scope using concept generation and selection technique.
The scope of the instant messaging mobile application for the E-commerce company is to facilitate seamless and efficient communication between team members, customers, and other stakeholders, enabling real-time updates, order tracking, customer support, and personalized notifications.
The concept generation and selection technique can be used to derive the scope of the instant messaging mobile application. Firstly, brainstorming can be conducted to generate various ideas and features that the application should include, such as chat functionalities, notifications, order tracking, and customer support integration. These ideas can then be evaluated based on their feasibility, relevance to the business use case, and the potential value they would bring to the company and its customers. The selected concepts can be further refined and prioritized to form the scope of the application, outlining the key features and functionalities that will be developed to meet the communication needs of the E-commerce company.
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This project is focusing on Human Resource Information System (HRIS) for construction organization based on real data or assumed data. - Technological developments are affecting human resource management. Human Resource Information System (HRIS) is necessary to handle the big data for effective human resource management and related decision-making. Deliverables: 1. Soft copy (PDF Report). 2. Presentation. Project Deadline submission : It is required to submit the final project deliverables by 19/5/2022 O Project outlines: Within this topic write about the following: 1. Review the related literature to prepare and Write a research to cover the following:
The project focuses on Human Resource Information System (HRIS) for a construction organization, either based on real data or assumed data.
The objective is to explore how technological developments impact human resource management and why HRIS is necessary for effective HR management and decision-making. The project deliverables include a soft copy of the PDF report and a presentation, with a deadline for submission set on 19/5/2022. The project outline involves reviewing related literature and conducting research on the given topics.
The project aims to investigate the role of HRIS in the context of a construction organization. It recognizes that technological advancements have a significant impact on human resource management practices. The use of HRIS becomes crucial in handling the increasing volume of data associated with HR functions and enables informed decision-making. The deliverables of the project include a comprehensive PDF report that covers the research findings and a presentation to communicate the key insights effectively.
The project outline emphasizes the need to conduct a literature review on relevant sources to gather information and insights on the topic. This literature review will serve as a foundation for the research conducted within the project, allowing for a comprehensive understanding of the subject matter and enabling the formulation of meaningful conclusions and recommendations.
In conclusion, the project's focus is on exploring the role of HRIS in the context of a construction organization and its significance for effective HR management. The project aims to deliver a well-researched PDF report and a presentation, supported by a literature review and relevant findings. By examining the impact of technological developments and the need for HRIS in managing big data, the project seeks to contribute valuable insights and recommendations to enhance HR practices in the construction industry.
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Proctor & Gamble pays special attention to the needs of national retailers, such as Target and Wal- Mart, through A. national account selling B. business-to-business databases C. electronic data interchanges D. vendor managed inventory
Answer:
A. national account selling
A company wants to raise $1,200,000 via a new Rights Offering. The current price of the stock is $10. The Subscription Price is set at $8.00. The firm currently has 1,500,000 shares outstanding. What is the value of one right? Select one: O a. $0.42 O b. $0.64 O C. $0.18 O d. $0.86 O e. $1.00 Which of the following statements are true with respect to stock price behavior around the ex-rights date? Select one: a. The stock trades ex-rights 4 business days before the Date of Record b. The price of the stock will rise by the value of the right on the ex-rights date The stock trades rights-on after the ex-rights date O d. The price of the stock will fall by the value of the right on the ex-rights date Which of the following statements are true with respect to stock price behavior around the ex-rights date? Select one: a. The stock trades ex-rights 4 business days before the Date of Record b. The price of the stock will rise by the value of the right on the ex-rights date The stock trades rights-on after the ex-rights date O d. The price of the stock will fall by the value of the right on the ex-rights date Merton Miller and Franco Modigliani (M&M) developed three "cases" regarding the impact of capital structure on firm valuation. In Case #1, there is no income tax of any kind and there are no bankruptcy costs. Which one of the following statements best captures the impact of living in a Case #1 world? Select one: O a. The optimal capital structure is 100% debt O b. Capital structure is irrelevant OC. The optimal capital structure is 100% equity O d. There is an optimal capital structure but we do not know exactly what it is
i) The value of one right is $1
ii) d. The price of the stock will fall by the value of the right on the ex-rights date
iii) a. The stock trades ex-rights 4 business days before the Date of Record
iv) b. Capital structure is irrelevant
The answer to the first question's right value calculation is as follows:
One right is worth (current stock price minus subscription price) divided by (number of rights needed to purchase one share plus 1).
One right's value is equal to ($10 - $8) / (1 + 1) = $2 / 2 = $1.
Thus, $1 is the one right value.
For the second question, the correct answer is: d
To account for the dilution effect of the newly issued shares, the stock price normally adjusts lower on the ex-rights date by the right's value.
For the third question, the correct answer is: a
The stock begins trading without rights on the ex-rights date. A few business days before the Date of Record, it often takes place.
For the fourth question, the correct answer is: b.
According to Case #1 of M&M's capital structure theory, where there are no income taxes and no bankruptcy costs, the capital structure is no longer significant in figuring out how much a company is worth. Independent of how those operational cash flows are generated, the firm's worth is simply based on its operating cash flows and the risk of its underlying assets.
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The monthly demand for Product X at Company A is 20,000 units. The holding cost at Company A is 20% and the company incurs a fixed cost of £400 for each order placed. With its current EOQ system, Company A has recently implemented a lean initiative, where it has to reduce its Q significantly. What specific steps might be taken to help it in its journey towards a smaller Q?
To help Company A in its journey towards a smaller order quantity (Q), the following steps can be taken:
1.
Demand Forecasting
: Improve the accuracy of demand forecasting to reduce uncertainty. By analyzing historical data, market trends, and customer insights, the company can make more informed decisions about the appropriate order quantity.
2. Supplier Collaboration: Work closely with suppliers to ensure a steady and reliable flow of materials.
Collaborative forecasting
and planning can help reduce lead times, minimize stockouts, and allow for smaller order quantities without jeopardizing production.
3. Inventory Optimization: Conduct a thorough analysis of inventory levels and reorder points. Implement inventory optimization techniques such as ABC analysis, where items are classified based on their value and importance. This will help identify high-value items that require closer monitoring and potentially smaller order quantities.
4. Just-in-Time (JIT) System: Implement a just-in-time inventory system to minimize the amount of inventory held. JIT focuses on reducing waste, eliminating non-value-added activities, and maintaining a continuous flow of materials. This approach enables smaller, more frequent orders aligned with actual demand.
5. Batch Size Reduction: Evaluate the possibility of reducing batch sizes for production runs. By implementing lean manufacturing principles such as single-piece flow or s
mall-batch production
, the company can reduce the need for large inventories and decrease the order quantity accordingly.
6. Order Consolidation: Explore opportunities to consolidate orders from multiple suppliers or multiple products. This can help reduce the number of orders placed, leading to smaller order quantities and potentially lower costs.
7.
Information Systems
: Invest in robust inventory management systems and technologies that provide real-time visibility into inventory levels, demand patterns, and supply chain performance. This enables more accurate and timely decision-making regarding order quantities.
8. Continuous Improvement: Establish a culture of continuous improvement within the organization. Encourage employees to identify and eliminate waste,
streamline processes
, and find opportunities for reducing order quantities through ongoing analysis and improvement efforts.
It is important to note that while reducing the order quantity (Q) can lead to cost savings and improved efficiency, it should be done in a balanced manner to ensure that
stockouts
and disruptions are minimized. A thorough analysis of demand patterns, supply chain capabilities, and customer requirements should be conducted to determine the optimal order quantity that balances cost, service levels, and operational efficiency.
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agricultural price supports are a price floor that has little costs for consumers. question 10 options: true false
The statement "agricultural price supports are a price floor that has little costs for consumers" is false because Agricultural price supports are a price floor set by the government to ensure that agricultural products receive a minimum price in the market. This is done to protect farmers from low prices and provide them with a guaranteed income. While price supports may benefit farmers, they can have costs for consumers.
Agricultural price supports is a government price control mechanism that places a minimum price on a particular agricultural product. When the market price for a product falls below the price floor, the government purchases the excess and sells it through a government agency, usually at a higher price. This helps to protect farmers from price fluctuations, overproduction, and crop failure by ensuring a minimum price for their goods.The cost of agricultural price supports is passed on to consumers in the form of higher prices. Consumers are the ones who bear the brunt of this price control mechanism's consequences. While the policy protects farmers from financial losses, it puts a strain on the economy and makes it difficult for people who are not farmers to afford the same crops. As a result, people may turn to substitute goods, leading to a decrease in demand and prices for the agricultural product in question
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• Individual written assignment.
• Students must provide developed answers to the questions that follow the case study:
Negotiation Strategy
Brief:
• Mr. Simon Carter:
Mr. Paul Carter, the Chief of Production of your diamond-cutting company, plans to discuss an increase in salary with the company where he works. He is an outstanding specialist in diamond-cutting. It is a close-knit industry and the company is aware that a competitor is trying to sign him in for a much higher income.
Mr Carter is 45, he just got divorced. He has to pay 600 Euro in children support for each of his three children Peter (21), Anne-Mary (14) and John (16) – all of whom are still at school/university. This amount is due until the end of their education, with a cut- age 25. Mr. Carter lives alone in an apartment that costs him 1200 Euro a month. His monthly wages amount to 4,400 Euro after tax. He is finding it very difficult to make ends meet.
Apart from the economic aspects of his life at present, he now will have a joint custody agreement, which means that he is interested in adjusting his working hours in order to be able to spend more time with his children the weeks they are with him. He needs more money but is also interested in having the option to work in a more flexible manner. Covid19 has shown her and the company that this can be done more easily than they had thought.
He was not actively looking for a new job, but the interest shown in him by other companies has made him realise that he should first try to improve his present employment situation and before deciding whether or not to leave.
• The company:
A market leader for over 30 years, as custom tastes have changed the company is now confronted with new competitors. Over recent years it has found it difficult to find young trainees willing to spend the necessary time to learn the diamond cutting craft. It is chronically understaffed and customers are starting to complain about delivery delays. Paul Carter is one of your most productive employees and you often have to rely on him to cover problems in production and delivery.
Moreover, the recent re-organisation of your company constrains you to enforce a drastic control of payroll expenses – and you have indeed managed to freeze salaries in the last round of negotiations with the union. According to this agreement, you are committed to treating all employees equally, i.e. you cannot accept any exceptions in salary matters. You are, however, able to adjust hours and if the company is able to get the new contract presently being negotiated, there is the possibility of bonuses in the near future. Paul Carter is a key member of the organisation and the company would like to avoid losing him.
Based on the information provided answer the following questions:
1. If you were Mr. Paul Carter what would your BATNA be and how could you use it? Why is it important to have a BATNA prior to negotiating?
2. From a purely distributive perspective, what are the "pieces of the pie" in this negotiation?
1. Mr. Paul Carter BATNA would be to quit the company and join a competitor willing to pay his desired salary he wants. He could use this BATNA to persuade his current employer that he is a valuable asset and deserves a pay raise.
2. From a purely distributive perspective, the "pieces of the pie" in this negotiation are the salary increase that Mr. Carter wants and the payroll expenses that the company needs to control.
1. If I were Mr. Paul Carter, my Best Alternative To a Negotiated Agreement (BATNA) would be to quit the company and take a job offer with a competitor that pays him the salary he wants. He could use this BATNA to persuade his current employer that he is a valuable asset to the company and deserves a raise to stay.
It's important to have a BATNA because it provides a fallback option in case the negotiation doesn't go well, giving the negotiator more leverage and preventing them from agreeing to unfavorable terms.
2. From a purely distributive perspective, the "pieces of the pie" in this negotiation are the salary increase that Mr. Carter wants and the payroll expenses that the company needs to control. The company is constrained by a union agreement that requires it to treat all employees equally, so it cannot give Mr. Carter an exception to the salary freeze. However, it can adjust his hours and offer bonuses if it secures a new contract, which are potential concessions that could be used in the negotiation.
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Rap Corporation produces outdoor portable fireplace units. The following per unit cost information is available: direct materials $20, direct labor $25, variable manufacturing overhead $14, fixed manufacturing overhead $21, variable selling and administrative expenses $9, and fixed selling and administrative expenses $11. The company's ROI per unit is $24. Compute Rap Corporation's markup percentage using variable-cost pricing. (Round answer to 2 decimal places, e.g. 10.50%.) Variable-cost pricing markup percentage %
Markup percentage is a technique in which the company determines the percentage increase from the actual cost to the selling price of the product. The variable-cost pricing markup percentage of Rap Corporation is 16.98%.
The variable-cost pricing markup percentage of Rap Corporation is calculated below:Formula used:Total cost = Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead + Variable selling and administrative expenses + Fixed selling and administrative expensesROI per unit = Selling price per unit - Total cost per unitMarkup percentage = ROI per unit / Total cost per unit * 100Markup percentage= (24 / (20 + 25 + 14 + 21 + 9 + 11)) * 100= 16.98% (rounded to 2 decimal places)Therefore, the variable-cost pricing markup percentage of Rap Corporation is 16.98%.
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Fin 357 Business Finance Capital Project Analysis Case Due: Last class day (December 7) at 5:00 PM GlobalMax Is a midcap printer manufacturer located in Austin, Texas. The company president is Shelby Smith. Shelby started the company in 1990. The company's original focus was the manufacturer of specialized color laser printers for high volume, high quality printing. Over the years, the company became a reliable manufacture of printers that tended to satisfy midsize publishers and the like. As a recent UT graduate, you were hired by the company's finance department to assist in the valuation of various projects under consideration for investment by the company. One of the major revenue-producing items manufactured by GlobalMax is a 3D printer. GlobalMax currently has one 3D printer model on the market, and sales have been excellent. The 3D printer is unique In that it serves a budget conscious market despite the typical cost associated with such a product. However, 3D printers have been on the market for some time now and the technology and overall price points are improving rapidly, and the current 3D printer has limited features in comparison with newer models in its price point. GlobalMax spent $800,000 to develop a prototype for a new 3D printer that has all the features of the existing 3D printer but adds new features such as a laser cutter. The company has spent an additional $250,000 for a marketing study to estimate the expected sales figures for the new printer. GlobalMax can manufacture the new printers for $225 each in variable costs. Fixed costs for the operation are estimated to run $6.38 million per year. The estimated sales volume is 158,000, 166,000, 124,000, 96,000, and 74,000 per year for the next five years, respectively. The unit price of the new printer will be $539. The necessary manufacturing equipment can be purchased for $42.5 million. Depreciation will occur on a seven-year MACRS schedule. The value of the equipment in five years is estimated to be $6.2 million. As Previously stated, GlobalMax currently manufactures a 3D printer. Production of the existing model is expected to be terminated in two years. If GlobalMax does not introduce the new 3D printer, sales will be 96,000 units and 64,000 units for the next two years, respectively. The price of the existing 3D printer is $389 per unit, with variable costs of $150 each and fixed costs of $4.3 million per year. If GlobalMax does introduce the new 3D printer, sales of the existing 3D printer will fall by 28,000 units per year, and the price of the existing units will have to be lowered to $220 each. Net working capital for the 3D printers will be 20% of sales and will occur with the timing of the cash flows for the year, for example, there is no initial outlay for NWC, but changes in NWC will first occur in Year 1 with the first year's sales. GlobalMax has a 21% corporate tax rate and a required return of 12%
Shelby has asked you to prepare a report that answers the following questions: 1. What is the payback period of the project? 2. What is the profitability index of the project? 3. What is the IRR of the project? 4. What is the NPV of the project?
1. When the total cash flows surpass the initial investment in Year 3, the payback period begins. The repayment time is therefore three years.
2. Measured by the profitability index is the present value of cash inflows for each dollar invested whcih is 2.60
3. the IRR for the project is approximately 19.52%.
4. By calculating the present value of cash inflows minus the present value of cash outflows, the NPV assesses the project's profitability Cash Outflows at Present Value: $43,550,000
To answer the questions posed by Shelby, let's calculate the payback period, profitability index, internal rate of return (IRR), and net present value (NPV) for the project.
1. Payback Period:
The payback period is the time it takes for the project to recover its initial investment. We need to determine in which year the cumulative cash inflows equal or exceed the initial investment.
Initial Investment: $800,000 (prototype development cost) + $250,000 (marketing study cost) + $42.5 million (equipment purchase cost) = $43,550,000
Cash Flows:
Year 1: 158,000 units * $539 price = $85,262,000
Year 2: 166,000 units * $539 price = $89,674,000
Year 3: 124,000 units * $539 price = $66,836,000
Year 4: 96,000 units * $539 price = $51,744,000
Year 5: 74,000 units * $539 price = $39,986,000Cumulative Cash Flows:
Year 1: $85,262,000
Year 2: $85,262,000 + $89,674,000 = $174,936,000
Year 3: $174,936,000 + $66,836,000 = $241,772,000
Year 4: $241,772,000 + $51,744,000 = $293,516,000
Year 5: $293,516,000 + $39,986,000 = $333,502,000
The payback period occurs in Year 3 when the cumulative cash flows exceed the initial investment. Therefore, the payback period is 3 years.
2. Profitability Index:
The profitability index measures the present value of cash inflows per dollar invested. It is calculated as the present value of cash inflows divided by the initial investment.
Present Value of Cash Inflows:
Year 1: $85,262,000 / (1 + 0.12)^1 = $76,013,393.94
Year 2: $89,674,000 / (1 + 0.12)^2 = $72,659,303.69
Year 3: $66,836,000 / (1 + 0.12)^3 = $49,060,723.18
Year 4: $51,744,000 / (1 + 0.12)^4 = $34,046,286.26
Year 5: $39,986,000 / (1 + 0.12)^5 = $24,874,498.95
Profitability Index = (Present Value of Cash Inflows) / Initial Investment
Profitability Index = ($76,013,393.94 + $72,659,303.69 + $49,060,723.18 + $34,046,286.26 + $24,874,498.95) / $43,550,000
Profitability Index ≈ 2.60
3. Internal Rate of Return (IRR):
The IRR is the discount rate that makes the NPV of the project equal to zero. We can use trial and error or a financial calculator to find the IRR.
Using a financial calculator, the IRR for the project is approximately 19.52%.
4. Net Present Value (NPV):
The NPV measures the profitability of the project by calculating the present value of cash inflows minus the present value of cash outflows.
Present Value of Cash Outflows: -$43,550,000
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The Marriott International purchase of Starwood Hotels for 13.6
billion USD is an example of a(n)
Multiple Choice
divestiture.
related diversification.
unrelated diversification.
acquisition.
The Marriott International purchase of Starwood Hotels for 13.6 billion USD is an example of an acquisition.
An acquisition refers to one company purchasing another company, either through a complete buyout or a majority stake. In this case, Marriott International acquired Starwood Hotels, indicating that Marriott took ownership and control of Starwood Hotels through the transaction. The purchase amount of 13.6 billion USD reflects the value at which the acquisition took place.
Divestiture refers to the act of selling off or disposing of a subsidiary or division of a company. Related diversification refers to expanding a company's operations into new but related industries. Unrelated diversification refers to expanding a company's operations into unrelated industries. Neither of these concepts accurately describes the Marriott International purchase of Starwood Hotels. Therefore, the correct choice is acquisition.
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Under the needs approach, when is the dependency period of a surviving spouse assumed to end? O when the surviving spouse reaches age 65 1 or 2 years after the breadwinner's death O when the youngest
Under the needs approach, when a surviving spouse reaches the age of 65 or 2 years after the breadwinner's death, their dependency period is assumed to end. The correct option is 1.
What is the needs approach? The needs approach is a method of calculating the amount of benefits payable to a surviving spouse or family member based on the needs of the beneficiary instead of the benefits of the deceased. Under this approach, the amount of compensation paid to the beneficiary varies depending on the beneficiary's level of dependence on the deceased breadwinner. The correct option is 1.
According to the needs approach, the dependency period of a surviving spouse ends when they reach the age of 65 or two years after the death of the breadwinner. The amount paid to the surviving spouse is determined by the number of years they are considered dependent after the breadwinner's death. If the surviving spouse has dependent children, the period of dependency is extended until the children reach adulthood.
To conclude, under the needs approach, the dependency period of a surviving spouse is assumed to end when they reach the age of 65 or two years after the breadwinner's death. The approach is used to calculate the amount of compensation payable to the beneficiary, taking into account their level of dependence on the deceased.
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Describe the importance of taking data-driven insights produced by business intelligence (BI) and further driving decisions and actions from these insights. Your answer must be between 100 and 175 words in length. Plagiarism detection software will be used.
Business intelligence (BI) enables companies to extract insights from data, empowering informed decision-making and driving actions for optimizing processes, gaining a competitive edge, reducing costs, and improving customer experiences, ultimately leading to growth and success in the data-driven business environment.
Business intelligence (BI) helps companies to gain insights from their data. These insights are used to guide decision-making and further actions. Taking data-driven insights produced by business intelligence (BI) and further driving decisions and actions from these insights is important for businesses. BI data-driven insights can help companies to make informed decisions, optimize business processes, and gain a competitive edge over their rivals. It can also help companies to identify new opportunities, reduce operational costs, and improve customer experiences.
Data-driven insights are crucial for decision-making in today's data-driven business environment. It allows organizations to move from a reactive approach to a proactive approach to business. With BI, companies can identify patterns and trends in their data and gain insights that can help them make decisions that positively impact their business operations. In essence, taking data-driven insights produced by BI helps companies to make more informed decisions and take the right actions at the right time. This can help organizations stay competitive and grow their business.
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Stock splits and stock dividends ________________ the number of shares outstanding a decrease b. do not change c. increase d. a or b
Stock splits and stock dividends increase the number of shares outstanding. For example, a company may issue a 5% stock dividend, which means that for every 20 shares an investor owns, they receive one additional share. Like a stock split, this does not affect the overall value of the company.
Stock splits and stock dividends increase the number of shares outstanding. In a stock split, the company divides its existing shares into multiple shares. For example, in a 2-for-1 stock split, for every one share an investor owns, they receive two shares. This increases the total number of shares outstanding, but does not affect the overall value of the company.Stock dividends also increase the number of shares outstanding. In a stock dividend, the company distributes additional shares of stock to existing shareholders.
In finance, a stock split or share split is a corporate action in which a firm divides its existing shares into several shares to increase the liquidity of the shares. Although the number of outstanding shares has increased by a specific multiple, the total dollar value of the shares remains the same compared to the value before the split. For instance, in a 2-for-1 stock split, an investor holding 100 shares would receive an additional 100 shares, resulting in a total of 200 shares. However, the company's overall market capitalization remains the same.In contrast, a stock dividend is a payment made by a company to its shareholders in the form of additional shares of stock rather than cash. The number of outstanding shares increases as a result of a stock dividend, which is typically proportional to the number of shares held. For example, if an investor owns 1,000 shares and the company declares a 10% stock dividend, they will receive an additional 100 shares. The overall value of the shares does not change as a result of the dividend because the price per share is reduced proportionately to the increase in shares.
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Chrystab Product’s Materials Manager, Chris White, must determine whether to make or buy a new semiconductor for the wrist TV that the firm is about to produce. One million units are expected to be produced over the life cycle. If the product is made, start-up and production costs of the make decision total $1 million, with a probability of 0.4 that the product will be satisfactory and a 0.6 probability that it will not. If the product is not satisfactory, the firm will have to reevaluate the decision. If the decision is reevaluated, the choice will be whether to spend another $1 million to redesign the semiconductor or to purchase it. The likelihood of success the second time that the make decision is made is 0.9. If the second make decision also fails, the firm must purchase. Regardless of when the purchase takes place, Chris’s best judgment of cost is that Chrystab will pay $0.50 for each purchased semiconductor plus $1 million in vendor development cost. a) Assuming that Chrystab must have the semiconductor (stopping or doing without is not a viable option), what is the best decision? b) What criteria did you use to make this decision? c) What is the worst that can happen to Chrystab as a result of this particular decision? d) What is the best that can happen?
a. Buy a new semiconductor for the wrist TV that the firm is about to produce, as the total cost of making it exceeds buying it. b. this decision is the Total cost of making and buying the new semiconductor c. if the product is not satisfactory, the firm will have to reevaluate the decision. d. the product will be satisfactory, which has a probability of 0.4.
a) Best Decision The best decision for Chrystab Product’s Materials Manager, Chris White, is to Buy a new semiconductor for the wrist TV that the firm is about to produce, as the total cost of making it exceeds buying it. b) Criteria used to make this decision The criteria used to make this decision is the Total cost of making and buying the new semiconductor. As the total cost of making the new semiconductor is more than buying it, hence it is advised to buy a new semiconductor for the wrist TV that the firm is about to produce. c) The worst that can happen to Chrystab as a result of this particular decision The worst that can happen to Chrystab as a result of this particular decision is, if the product is not satisfactory, the firm will have to reevaluate the decision. If the decision is reevaluated, the choice will be whether to spend another $1 million to redesign the semiconductor or to purchase it.
In this situation, if the second make decision also fails, the firm must purchase. Regardless of when the purchase takes place, Chris’s best judgment of cost is that Chrystab will pay $0.50 for each purchased semiconductor plus $1 million in vendor development cost. The total cost increases, which is the worst that can happen to Chrystab. d) The best that can happen The best that can happen to Chrystab as a result of this particular decision is that the product will be satisfactory, which has a probability of 0.4.
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