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Every year, the local Fire house sells calendars that has pictures of the “Fireman of the Month” and some local coupons on the back page as a fundraiser.They use the proceeds to support the local Boys and Girls Club and are a big hit in the community. The once-a-year order for each year’s calendar arrives in September.From past experience, the September-to-July demand for these calendars can be approximated by a normal distribution with a mean of 2500 and a standard deviation of 400.The calendars cost $4.00 each to print and are sold for $10.00 each
If the firemen throw out all unsold calendars at the end of July (i.e., salvage value is zero), how many calendars should be ordered?
If the firemen reduce the price of the calendars to $3.00 at the end of July and can sell all surplus calendars at this price, how many calendars should be ordered?
Comment on the difference in the 2 numbers and why you think they might be different.
The needs assessment process focuses on organizational analysis, person analysis, and task analysis. In your organization, or in a previous organization where training was conducted, compare the needs assessment process outlined
If you were going to advise Jack, what would you recommend he do first? How should he get started with his succession plan? What should he do next? Offer him some general guidance on how to handle this problem\
Can established competitors be beaten at their own game? (In other words, should P&G be confident in its ability to compete in the green markets?)
Imagine you are the marketing manager for a U.S. manufacturer of paper products (including paper plates, paper towels, napkins, toilet paper, and tissues). Your company is considering entering the Argentinean market. Consider the following:
He has developed the pioneering technology and lined up financing. The worldwide demand for this technology appears to be enormous. He offers you the job of CEO and 10% of the equity of the firm.
You are the project manager on a research and development project. Marketing informs you that they have found a customer for your product and that you must make major modifications to satisfy the customer's requirements. The engineering functional ma..
The marketing and production managers of a new car battery are planning to start a new advertising campaign. The most important message of the advertising is the lenght of the guarantee of battery life. The manager know that the life of the battery i..
Restoring professionalism the physician fitness for duty evaluation; why are professional standard important to set concerning disruptive physicianbehavior? what is the importance of addressing disruptive physician behavior early on?
How many DAWGS sweaters should the Bookstore order for the season to maximize expected profit? What is the expected profit?
Kelly Trucking, Inc., is planning a new warehouse to serve the western United States. Denver, Santa Fe, and Salt Lake City are under consideration.
Other things held constant, the higher the price of a good
Determine the average time callers wait to have their calls answered for each period and the probability that a caller will have to wait for each period. Determine the maximum line length for a probability of 94 percent.
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