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A copy machine is always in one of two states, either working or broken. If it is working, there is a 70% chance that it will be working tomorrow. If it is broken, there is a 50% chance it will still be broken tomorrow. Assume that one day is a natural time step.(a) Draw a state diagram for the process and formulate the transition matrix(b) Assuming the machine is working today, what is the probability that it will be working tomorrow? After one week? After one month?(c) What is the long-term probability that the copy machine will be working on any given day?
how can marketers use the VALS information to serve consumers better? Name five types of products or services for which the VALS information would be particularly useful
Analyze the business-level strategies for MAC Cosmectics to determine the business-level strategy you think is most important to the long-term success of the firm and whether or not you judge this to be a good choice
Three hundred and sixty boxes are to be shipped, and each box has a price of $146. Which shipping alternative would you recommend?
Compare and contrast the traditional and matrix organization. What are its advantages and disadvantages of the matrix organization?
Sally's Silk Screening produces specialty T-shirts that are primarily sold at special events. She is trying to decide how many to produce for an upcoming event.
In Elucidate what ways is Dunkin' Donuts presently using strategic alliances also describe how could cooperative strategies further assist with its master plan for growth.
Elucidate how does increased wait times waste money or cost you business. Elucidate how can you determine steps in your businesses process which are wasteful.
As the industry watches to see how United Airlines' strategy performs against American Airlines' strategy, management at United Airlines is anxiously monitoring market signs to determine its next competitive move.
Describe an effective diagnostic model at the organization-level. Discuss its major inputs, outputs and strategic orientation. What is social media and what are some of the social media tools used by businesses?
Amanda and Chris McDermott own a small business, Plastic Dollars, which produces and maintains stored value cards for retailers. Most of the cards they sell are gift cards, such as those available in various restaurants and stores.
Process Layout, Product Layout, Fixed position Layout, shaping of business policy, key objective of the operations manager, managing both demand and capacity
Her prospective banker has requested information concerning financial condition of her business. Which accounting discipline is responsible for providing accounting information to outside stakeholders.
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