400 words In Module 1, we learned how technological advances are a driver of globalization. In Module 3, we discussed how the modern businessenvironment is continually evolving, shaped by trends and events. Recently, ChatGPT (an Al-powered chatbot) has taken the world by storm. Whatare some of the potential benefits and risks of using Al in international business?

Artificial Intelligence (AI) is one of the most disruptive technologies of our time and has been a…

Answered: In Module 1, we learned how…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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← 10:36 A-✔ MM.. +20 111 111 2010 Yesterday, 19:42 4a) The marketing and sales team for Dapple Corporation feel there is room in the market to introduce alternative designer branded merchandise into its range of laptops. This would mean outsourcing the manufacturing of accessories such as laptop covers. Due to the quick response times required to meet the demands of Dapple's customer orders, the designer brand manufacturer is proposing to set up a new manufacturing business unit close to Dapple Corporation to produce six new designs for designer laptop covers. Operations and purchasing are not convinced this arrangement will be cost effective and so wish to conduct a breakeven analysis of the situation to ensure the designer brand manufacturer's operation is profitable. The fixed costs for rent and labour are £5,000 per month. The Forecasted Sales Price, Variable Cost and Forecasted Monthly Sales Quantity for the six new products are given in Table 3 below. ITEM i Sales Price, S…
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Weapon Cost (gold pieces) Damage to medium targets Critical damage Weight (pounds) Throwing axe 8 6 12 2 Javelin 1 6 12 2 Longsword 15 8 32 4 Mace (light) 5 6 12 4 Spear 2 8 24 6 The elf leader Galandir has up to 30,000 gold pieces to spend on an arsenal of javelins, longswords, and spears for her band of elves for a planned assault on Mordruk in which she would like to inflict as much critical damage possible. For the sake of swiftness the total weight of Galandir’s arsenal cannot exceed 3000 pounds, and as the elves are particularly skilled at javelin-throwing she would like to include at least half as many javelins as swords. What should her weapons arsenal look like, and how much critical damage can be inflicted? Define the variables. Construct the objective and constraint functions. Use Excel to use the simplex method to optimize the…
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