Question 2 Online social networks· Family is the most important consumer-buying organisation insociety. Role and status can be defined by a person's position in agroup. Within families or groups, certain people may takeresponsibility for specific buying decisions.What is the difference between an opinion leader and aninfluencer?Why are marketers interested in groups and networks; what actionmight marketers take?How does role and status affect how your family or group makesbuying decisions?Identify any social factors that affected your purchase?

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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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Question 4 There are many types of airlines involved in the air cargo business. Think of an airline that you are familiar with. Determine the characteristics of this airline (e.g. aircraft fleet, services provided, products, service quality and service coverage) and its classification by the air cargo business. (10 marks) With reference to the same airline, critique on three (3) key challenges the airline is likely to face in terms of managing its revenue. (15 marks) (a) (b)
Question 1: A piece of equipment used in a business has a basis of $25,000 and is expected to have salvage value $5,000 at the end of it's 5 years of useful life. Find its annual depreciation rate and tabulate the annual depreciation amounts and book value of the equipment at the end of each year. Nears
Question 47 Different levels of supply chain analytics include Descriptive, Predictive, Prescriptive, and Cognitive analysis. ents O True O False Question 48 Course ACE) Integrated carriers provide door-to-door service, a consistent schedule of pickup and delivery windows, and standard expedited service through their hub-and-spoke networks. Nonintegrated carriers provide on-demand, air-only service from airport to airport. They rely on freight forwarders or the customer to provide delivery service to and from the airport True O False
QUESTION TWO Glams Touch is a budding cosmetics family business in Sekondi. The owners, Baaba Benson and Bernard Benson, must ensure that they judiciously use the store space available. They have never kept detailed inventory or sales records. They immediately place new items on the shelves as soon as shipment of goods arrives. Invoices from suppliers are only kept for tax purposes. During sales, they record the items numbers and the total amount received at the cash register. The owners use their own judgment in identifying items that need to be reordered. Baaba and Bernard rely on their own judgment in deciding the cosmetics that need to be restocked. Analyse the business implication of this situation. In your view, how could information systems be utilized to assist the Bensons manage Glams Touch. Enumerate some data that should be captured by the systems and what information outputs are to be churned out from the system.
Question#3 In JUnit the principle of “Hollywood Principle: Don’t call us, we’ll call you” is commonly known as _____________ a) Calling Principle b) Control Call c) Inversion of Control d) No-Show Principle
QUESTION 12 (Using the same problem) A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the answer using the criterion of minimax regret? Alternatives Large Inventory Small Inventory Probability O A) -$2,000 O B) $130,000 O C) $0 O D) $20,000 O E) $153,400 Large Crowd $220,000 $90,000 .20 PROFIT ($) Average Crowd $50,000 $70,000 .50 Small Crowd -$2,000 -$5,000 .30
Question 54 It is possible for companies to use some combination of push and pull strategy. O True O False
Question 3 (1 point) ✓ Saved Which of these items product? (not a service) Haircut Dry cleaning Cell phone Mowing Question 4 (1 point) A Saved is responsible for all debt and is easy to r
QUESTION 15 The Sweet Success Bakery sells 800 cakes at a price of $20 per cake. Its total economic costs for producing 800 cakes are $4,800. The Sweet Success Bakery's economic profits are O $4,800. $11,200. $16,000. indeterminate from this information.
v Question Completion Status: QUESTION 11 The accompanying table shows the demand and supply schedules for lobster. The U.S. government decides that the incomes of lobster farmers should be maintained at a level that allows them to survive. It therefore implements a price floor of $14 per pound by buying surplus lobster until the market price is $14 per pound. Quantity Demand (thousands of pounds) Quantity Supplied (thousands of pounds) Price of Lobster (per pound) $22 0. 360 20 20 320 18 40 280 16 60 240 14 80 200 12 100 160 10 120 120 8 140 80 6 160 40 4 180 Reference: Ref 2-1 Since lobster is an important source of protein and omega-3, the government decides to provide the surplus lobster it purchases to nursing homes at a price of only $12 per pound. Assume that nursing homes will buy any amount of lobsters available at this low price, but families of nursing home patients now reduce their purchases of lobsters at any price by 60 thousand pounds because their family members are…
15 Macroenvironmental factors operate in the external environment. Question 15 options: True False
Question 18 Suppose the number of buyers in a market increases and a technological advancement occurs also. What would we expect to happen in the market? O a Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous Ob. Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. Oo Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous O d. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous

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