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A new machine coolant product has an improved formula that enables it to more effectively prevent a machine from overheating than its next closest substitute. (a) Classify the differentiating factor of this new coolant into the appropriate cell of the product-needs framework described in the course. How might this framework be used to identify other differentiating factors of this product? 2 (b) When the new coolant is used, the probability that a machine overheats is 0.003. When its next closest substitute is used, the probability that a machine overheats is 0.021. If the cost to a company of repairing an overheated machine is $12,000, what is the value to that company of the new coolant’s greater effectiveness?
The cost of the put options is $2 per share, or a total of $200. As it turns out, the price of the Apple stock goes up to $104 per share. Including the cost of the put options, what was your total gain or loss in your wealth over the three-month p..
Is a Promoter an Agent of a Corporation? Explain. Wright Business Corporation (WBC) was incorporated in Delaware, has its main office in New Jersey, and does business in New York. WBC is subject to the jurisdiction of which state or states. Explain.
a number of quality-management philosophies hold that prevention costs are the most critical quality-related costs.
The Bureau of Labor Statistics collects input and output data from various countries for comparison purposes. Labor hours are the standard measure of input. Calculate the output per hour from the following data. Which country is most productive?
Assurance of learning Exercise 2B-Evaluate Missions statements - Strategic management -14th edition. A business, mission statement is an integral part of strategic management do these steps on a clean sheet paper a 9x5 matris lise all nine mission an..
Ruby Dempsey purchased a nine-week old pedigreed male poodle from the American Kennels Pet Stores. She named the poodle Mr. Dunphy. Dempsey later testified that before making the purchase, she told the salesperson that she wanted a dog suitable for b..
Consider the bill proposed about GMO labelling by Kansas Representative Mike Pompeo last summer and supported by three St. Louis area Congressmen that would not require companies to disclose whether the product was based on GMO seeds. (See article) M..
The average business manager is not likely to know about or use the Federal Registry. Discuss whether or not it important for the average
On attending its first meeting in 20X9 you have been appointed honorary treasurer of the Ashmont Pre-School Kindergarten. Prepare a cash budget for the kindergarten to determine the total fees revenue required in 20X9. Calculate the annual fees requi..
You will create an entire Transformational Change Management Plan for a medium-sized public company that has lost business to a competitor that has chosen to outsource much of its production operations. The company has been based in a small Midwes..
Assume that annual demand for a part is 40,000 units, ordering cost. Using a price-break inventory model which of subsequent is optimal order quantity.
One of the challenges (weakness) of a global strategy is seen when there is a lack of local responsiveness. This may result in the alienation of local customers There are four factors that leads to a nation's relative position of advantage; such as e..
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