7 Salalah Company is an Omani company, operating in the food industry and sells its products to only government institutions. Which of the following best describes this situation in the context of the Five Forces model? Select one: a. Bargaining Power of Buyers is low because food industry is a profitable industry b. Rivalry in the food industry is high c. Bargaining Power of Buyers is high, because government is the only customer. d. Threat of New Entrants because Salalah company operates for a long time
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- When governments are the target of price-fixing by vendors providing goods and services, it is called: Group of answer choices A. bid-rigging. B. government fraud. C. illegal rigging. D. contract manipulation.2. The Government of Ghana, through the Ministry of Trade and Industries (MOTI) has called for Business Plans from all ‘Year 2020’ Ghanaian graduates of tertiary institutions across the country to access a seed money for setting businesses through Stimulus Package known as the COVID FUND. It is important to note that the Fund Managers require applicants to show proof of how feasible their plans would be. This implies that you are expected to explicitly show how and when the venture would pay back the investment, at what point would the venture break-even as well as the opportunity cost of your venture (e.g., Time Value of Money (TVM) like NPV, BCR & IRR). Fortunately for you, after a semester’s course in Entrepreneurship, you have learnt about how to write a pitching business plan. How would you go about this onerous task?5. On October 25 2015, one Euro traded for 1.106 US dollars, and thus one Us dollar traded for 0.942 Euros. If 0.942 is marked on the vertical axis of the diagram depicting equilibrium in the Euro-US dollar market, what should be measured on the horizontal axis? O. The quantity of US dollars, that is traded for Euros. O. The quantity of Euros, that is traded for all other currencies. O. The quantity of US dollars, that is traded for all other currencies. O. The quantity of Euros, that is traded for US dollars.
- Mahala Spices For 12 years now, the business has been importing spices from all over the world and packaging them in South Africa, to distribute them across the African continent. Although the business has grown significantly over the years, it was only once one of their spice offering was featured in a cooking competition; there was one episode where the contestant, a professional chef, mentioned that she used Mahala Spices in her winning dish for that episode. The judges gave good reviews about the spice enhanced the dish but yet did not disappear from the mix. Due to the show being shown across the world, Mahala Spices started getting orders from all over the world. This increase in volumes forced them to reconsider their supply chain, especially the logistics aspect of it. The business has noted a 7% increase in exports and a 12% increase in the import of ingredients. Q.1.1 Explain any four (4) activities to be completed by the operations team, that Mahala Spices should…Mahala Spices For 12 years now, the business has been importing spices from all over the world and packaging them in South Africa, to distribute them across the African continent. Although the business has grown significantly over the years, it was only once one of their spice offering was featured in a cooking competition; there was one episode where the contestant, a professional chef, mentioned that she used Mahala Spices in her winning dish for that episode. The judges gave good reviews about the spice enhanced the dish but yet did not disappear from the mix. Due to the show being shown across the world, Mahala Spices started getting orders from all over the world. This increase in volumes forced them to reconsider their supply chain, especially the logistics aspect of it. The business has noted a 7% increase in exports and a 12% increase in the import of ingredients 1.2 Analyse any two (2) key outcomes that the procurement function should ensure within the supply chain of…Economics Daegu considers producing electric razors for men. If the market demand is high, he would get a return of $100,000, but if there were a low demand for this type of razor, he would lose $60,000. Daegu also considers the possibility of ordering a market survey to gather additional information about the market demand. The survey includes a sophisticated questionnaire administered to a test market and costs $5,000. Daegu believes that there is a 62:38 chance that the market information will be favorable (i.e., predicting a high market demand) and unfavorable (i.e., predicting a low market demand). Furthermore, the probabilities of a favorable survey given a high market demand and an unfavorable survey given a low demand are both 0.8. Daegu is not sure if the value of the survey is worth the cost Draw the decision tree and advise Daegu
- Use the information and excerpt below to answer the question. In 1994, President Bill Clinton gave an example of the criticism of the General Agreement on Tariffs and Trade (GATT).The idea is that since we live in a global economy and there are people in other places who can work for wages we can’t live on, if we open our markets to them, they will displace our workers . . . Which result would policies addressing this criticism and the protectionist policies in place before the Great Depression most likely have in common? Responses Political instability causes trade imbalances. Political instability causes trade imbalances. Trade restrictions limit the growth of economies. Trade restrictions limit the growth of economies. Political instability decreases trade activity. Political instability decreases trade activity. Trade restrictions reduce demand for consumer goods.The following are estimates relating to the 2020 budget of Thermo Blast that producesspecialized ornaments for the Caribbean:Selling Price---------------------------------$1500Variable cost per Ornament---------------$700Fixed annual cost----------------------------$120000Nett Profit (After tax)-----------------------$800000Income tax rate-------------------------------25%The mid-year review of the income statement revealed that sales were not at the expected level.For the six months of the year to June 2020, 320 units were sold at the estimated selling pricewith variable cost as planned. However, the net profit projection for 2020 would not beachieved unless management decisions are made.The following mutually exclusive alternatives were presented to management:a) The selling price should be reduced by $150. This reduction in selling price will allow1500 units to be sold for the balance of the year. The budgeted fixed cost and variablecost per unit will remain unchanged.b) The…14) What is a market failure? a) Uncertain and unstable movements in the price of a stock. b) A transaction that cannot be completed in the market environment. c) A product is sold below the market value d) A sudden and dramatic decline in the prices of the stock market.
- Read the following case and answer the questions: Juanita Pérez is a fan of some stuffed animals that are manufactured by the Ching Ju Factory in Japan. These stuffed animals are not sold in Puerto Rico or the United States; They are only available in stores in Japan and through the company's website. The language in which the company's website is located is Japanese and they do not ship products to Puerto Rico or the United States; They only deliver to Japan. Due to Juanita's desire to have one of these stuffed animals, she decides to order one online and enter the address of a friend who lives in Japan to receive it. Once the friend receives it at her house in Japan, she sends it to Juanita by mail. Three weeks after receiving it, one of the stuffed animals' eyes fell off. Juanita's cat, Meow, ate the stuffed animal's eye and died instantly. Juanita is very sad and she wants to sue Ching Ju Factory. She files a lawsuit in the Superior Court of San Juan, Puerto Rico, against Ching Ju…Wired & Plugged specializes in manufacturing modern electronic components. It also builds equipment that produces the components. The marketing and production directors advised the president about a proposed manufacturing facility in the form of a payoff table as shown. Decision Profits($) Strong Marked Fair Market Poor Market Large-sized facility Medium-sized facility Small- sized facility No facility 450,000 2500,000 350,000 0 220,000 150,000 150,000 0 -310,000 -250,000 -80,000 0 What decision should be made using the LaPlace criterion?3. Suppose Coca Cola launches a new Tab energy drink. They have spent years and approximately 500,000 on research and development and test marketing. They plan to offer the drink only in urban areas representing 80% of the US Market which is estimated at 50 million cans. When they launch, they plan to offer a $0.25 coupon. Historically, only 20% of US consumers actually redeem coupons. Coca Cola plans to use an aggressive advertising and marketing campaign that represent fixed costs of $2,000,000. Suggested Retail Price Cost of Materials Cost of Labor Coupon (with 20% redemption rate) S.25 Retail Margin Wholesaler Margin $1.00 bottle s0.20/ bottle s.07/ bottle 20% off retail price 10% of the retailer's cost 1. What price does the retailer pay? 2. What price does the wholesaler pay? 3. What is Coke's variable cost of goods sold per unit? 4. What is Coke's contribution per unit? 5. How many units does Coke have to sell to break even? 6. At wholesale prices, what is Coke's breakeven…