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Philip Musa can build either a large electronics section or a small one in his Birmingham drugstore. He can also gather additional information or simply do nothing. If he gathers additional information, the results could suggest either a favorable or an unfavorable market, but it would cost him $3,000 to gather the information. Musa believes that there is a 50-50 chance that the information will be favorable.
If the market is favorable, Musa will earn $15,000 with a large section or $5,000 with a small one. With an unfavorable electronics market, however, Musa could lose $20,000 with a large section or $10,000 with a small section. Without gathering additional information, Musa estimates that the probability of a favorable market is .7. A favorable report from the study would increase the probability of a favorable market to .9.
Furthermore, an unfavorable report from the additional information would decrease the probability of a favorable market to .4. Of course, Musa could ignore these numbers and do nothing. What is your advice to Musa?
Calculate how many days per week are needed to complete an activity. Duration may also be calculated in hours for a more accurate picture.
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Product innovation and marketing are the only enduring competitive advantage companies can use to survive and thrive in the marketplace. In the next seven weeks,
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Analyze the various activities required for this project and provide an estimate of duration for each activity based on the number of resources available for the project. Include assumptions and basis for each estimate
What is meant by communication in conflict analysis - and why psychodynamics
Mike Singletary, president of Singletary industries, wishes to issue a press release to bolster his company's image and maybe even its stock price which has been gradually falling. Who are the stakeholders in this situation?
Assume that Zane is a 28% marginal tax rate payer, the time value of money is 6%, and Zane intends to hold any amounts invested for 5 years. Which option will provide the greatest after-tax return, ignoring state income tax implications? Would you..
Write a section that explains an advertising or messaging concept to help tell customers about the brand. Think about a television commercial, radio spot, print or banner advertisement, or a social media message.
Present value information is given below so what was Salem's expected net present value for this project
it risk mitigationwith the new opportunities that it can create there are risks and threats that must be addressed.1.
Discuss International virtual teams management ,the problems of communication, tasks, conflict resolution, solutions and good practices managers must consider.
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