Basically the same effect on total sales

Assignment Help Macroeconomics
Reference no: EM131293327

You're going to go to a job interview for OU Car Co. Knowing that the field is highly competitive, you have run sales scenarios ahead of time experimenting with different numbers of customers and vehicle profits given that in one month OU Car Co. sells between 3 and 10 cars uniformly distributed with profits of $5,000 on the average with deviation of $1500 Which has a higher payoff, focusing on selling to a couple more customers or by increasing the average sale (with the same std. dev. of $1500) by retraining your sales force or do they have basically the same effect on total sales?

Reference no: EM131293327

Questions Cloud

Critically evaluate mitchells claim : Drawing on the discussion of Samuel Johnson's Dictionary in Reading B of Unit 2, critically evaluate Mitchell's (2005) claim.
Identify the common finance challenges for small businesses : Identify and explain the common finance and accounting challenges for small businesses. Identify provide the more important of the resources on the SBA Web site for small business entrepreneurs.
Understanding of the religious and cultural beliefs : In what specific ways is our understanding of a work of art dependent on an understanding of the religious and cultural beliefs from which the work arose? What can we assume about a work of art without such knowledge?
Explain the ethical model being used by the company : Describe the ethical model being used by the company. Explain the evaluation and feedback process used in your company to assess employee performance.
Basically the same effect on total sales : Which has a higher payoff, focusing on selling to a couple more customers or by increasing the average sale (with the same std. dev. of $1500) by retraining your sales force or do they have basically the same effect on total sales?
Why have stakeholder given csr more attention in recent year : In your opinion, why have stakeholders given CSR more attention in recent years? Would you give CSR a significant portion of your corporate budget? Explain and defend your point of view with examples.
Difficult financial situations that lead to losses : Monopolies can sometimes find themselves in difficult financial situations that lead to losses. Suppose Mr. Burns' power company has a monopoly for providing electricity in Springfield. His costs of upkeep are so high that he is consistently losin..
Difficult financial situations that lead to losses : Monopolies can sometimes find themselves in difficult financial situations that lead to losses. Suppose Mr. Burns' power company has a monopoly for providing electricity in Springfield. His costs of upkeep are so high that he is constantly losing ..
Explain how selected law has changed the staffing process : Select one of the laws listed below and explain how it has changed the staffing process. Also select one governmental activity from the second list and explain how it influences staffing.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd