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1. Consider how the external environment applies to Southwest Airlines. Using examples in the text or from your own research, define the external environment as it applies to Southwest Airlines. What are the unique aspects of the external environment for Southwest Airlines? Identify a strategic group the organization may belong to. What are other organizations in that group?
2. Review an article "Debating Quantitative Impact vs. Qualitative Impact," and provide an example where quantitative risk analysis is beneficial for an organization and an example where qualitative risk analysis is beneficial for an organization. In your opinion, which has greater impact on a company? Justify your ideas using specific reasons, facts, and examples.
Refer to Problem 6 above and determine the total costs of ordering and holding inventory for the year. Suppose the company currently orders paper once every four weeks, how mu
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