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The circulation manager of The New York Times in State College, PA is trying to decide how many copies of the upcoming Sunday edition of the paper to order so as to meet the demand of local customers. Each copy of the newspaper costs $2.00 and is sold for $3.00. On Tuesday (following the weekend the newspapers are printed), all unsold copies will be returned to the distributor for a refund of $1.80 per copy. The owner believes that the number of papers she can sell on a typical Sunday is 21,100. She wants to decide how many copies of The New York Times to order so as to maximize expected profit from the sale of this particular newspaper. Develop a spreadsheet model and a corresponding data table to find the best order quantity among the given alternatives.
Describe the target market in the United States, including customer demographics and income levels. Describe the competition the product would face in the United States and how you would create a competitive advantage. Name at least two competitors..
A large bakery buys flour in 25-pound bags. The bakery uses an average of 4,500 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order.
Compare the result in (a) to the probability that a fatality involved a rollover and comment on whether SUVs, Vans, and pickups are generally more prone to rollover accidents that other vehicles.
In a call center, the waiting time for a customer is normally distributed with an average of 65 seconds and a variance of 25 seconds
Carmin's Boutique sells a large number of black dress shirts. The shirts, which bear the store label, are shipped from a manufacturer in Paris. Carmin's purchasing department manager says, "I want to be sure that I never run out of dress shirts.
Discuss how supply and demand would be affected under each of the four degrees of competition (pure competition, monopolistic competition, oligopoly, and monopoly)
Describe in detail how the ethical culture of Goodwill of San Franciso contributes to its organizational strategy.
Susan has a part-time "cottage industry" producing seasonal plywood yard ornaments for resale at local craft fairs and bazaars.
Compare and contrast project management and scenario planning techniques with particular emphasis on the implications of the techniques for the manager and the organization
Managers must have the flexibility to change plans since the future is so uncertain. If the statement is correct
By explain how much would the accuracy rate improve if an additional (a second), equally accurate verifier were used.
Was top management acting correctly in developing an estimate? What estimating techniques should be used for a mission critical project such as this?
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