QUISTION : 1... 8.14globally by opening a new office in one of four countries: KEY SUCCESSGermany, Italy. Spain, or Greece. The chief partner entrusted FACTORwith the decision, L. Wayne Shell, has identified eight key success Level offactors that he views as essential for the success of any consul-tancy. He used a rating system of 1 (least desirable country) to5 (most desirable) to evaluate cach factor.An American consulting firm is planning to expandCANDIDATE COUNTRY RATINGSWEIGHT GERMANY ITALYSPAIN GREECEeducationNumber ofconsultants055.5.2NationalInteracy ratePolitical aspectsStability ofgovernmentProduct liabilitylaws0540.25.20.22.3.5.EnvironmentalregulationsSocial andcultural aspectsSımilarity inlanguageAcceptabilityof consultantsEconomic factors0.23.0.140.11.4.4.3Incentives0.135.1) Which country should be selected for the new office?>) If Spain's score were lowered in the Stability of governmentfactor, to a 4, how would its overall score change? On this fac-tor, at what score for Spain would the rankings change? Px1.2.1,

Answered: QUISTION : 1 8.14 An American…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Consider the following linear program. Max 2A + 3B s.t. 5A + 5B ≤ 350 Constraint 1 −1A + 1B ≤ 10 Constraint 2 1A + 3B ≥ 90 Constraint 3 A, B ≥ 0 Identify the optimal extreme point. What is the optimal solution? (A, B)= (30, 40) How much slack or surplus is associated with the nonbinding constraint? Constraint 3 is the nonbinding constraint. There is a surplus of _________ associated with this constraint. (THE QUESTION BEING ASKED)
Q3: The following payoff table shows the profit for a decision problem with five states of nature (events) and five decision alternatives, Event Alternative 1 2 3 4 5 A 100 70 115 95 60 В 95 120 120 90 150 180 130 60 160 120 80 75 50 100 95 E 60 140 100 170 160 Identify the decision taken under the following approaches: (1) Pessimistic (2) Optimistic (3) Equal probability (4) Regret (5) Hurwicz criterion. Note: The decision maker's degree of Pessimistic (a) is 0.2 1 Add File
McDonald’s conducts extensive marketing research for allits new products, including new menu items for its overseasstores. Because of cultural and other differences and preferences, the company cannot always extrapolate its results fromone country to another. For instance, Croque McDo fried hamand-cheese sandwiches are unlikely to be as popular in theUnited States as they are in France, which invented the croquemonsieur sandwich on which the McDonald’s product isbased. Can you think of any other kinds of firms that share thislimitation on global applications of their research? In contrast,what sorts of questions could multinational firms answer on aglobal basis? Explain.
BACKGROUND: I. Khalil Mahmoud and his 4 brothers decided to open a furniture factory which they called Mahmoudco Furnishings. Their idea was to purchase cheap wood, cut it, and assemble cheap furniture for sale in the market. Their goal was to become the cheap furniture provider in the region. They decided to open 10 more branches in the major cities in the Kingdom within 3 years. Since Khalil was the older brother, he was made CEO of the company. Mahmoudco Furnishings needed to expand due to increasing business. In. order to fulfill their delivery orders, the company decided to buy three (3) medium-to-large trucks for pickup and delivery for the major branch. THEY HAVE A LIMITED BUDGET SET ASIDE, BUT KHALIL DID NOT SPECIFY IT. HE WOULD MAKE HIS CHOICE BASED ON A II. COMPARISON OF CHOICES. Question: For the furniture consumer, what kind of decision is this (complex, variety seeking, habitual, dissonance reducing)? Explain your answer fully. What are the steps the consumer would go…
Scenario:Maria is considering operating a local business in the beauty and cosmetology sector in the islandof Trinidad. She has completed research into the operations of similar businesses locally andintends to market and sell her products initially at the local level, with the possibility of extendingat the regional level in the near future. Maria understands that to shape the business’s overallstrategy there are various strategic drivers both internally and externally which must be consideredand wants expert advice on these drivers relevant to her business. She is also struggling withdeciding on the best structure for the organization, as well as the most effective ways of marketingher products to ensure that they are more attractive to buyers than the current options. She isconsidering a strategic alliance but is not sure if to form links among non-competitive firms orassociate with firms in an unrelated activity. Maria is aware of internal and external tools whichbusinesses use to…
1) Horlicks is a known product of GSK which is recently purchased by another giant company Unilever.GSK sold the brand because for last few years the market for this brand is in unfavorable condition. GSKalso faced challenges to adopt proper strategy to match the target market with required quality and price.Whereas Unilever is trying to explore beverage industry with two key strategic goals: increase its presencein health food category and in high growth emerging market. The GSK portfolio includes the hugely popularHorlicks and Boost brands – Horlicks commands a volume market share of around 50% in India. The brandsoffer a range of beverage-based nutrition products that support critical supplementation needs across lifestages, with a portfolio addressing child and toddler nutrition, women’s wellbeing and adult wellness. Theyare backed by strong research and clinically backed claims. So Unilever feels that it is also an opportunityand a privilege to combine their respective strengths…
Scenario:Maria is considering operating a local business in the beauty and cosmetology sector in the islandof Trinidad. She has completed research into the operations of similar businesses locally andintends to market and sell her products initially at the local level, with the possibility of extendingat the regional level in the near future. Maria understands that to shape the business’s overallstrategy there are various strategic drivers both internally and externally which must be consideredand wants expert advice on these drivers relevant to her business. She is also struggling withdeciding on the best structure for the organization, as well as the most effective ways of marketingher products to ensure that they are more attractive to buyers than the current options. She isconsidering a strategic alliance but is not sure if to form links among non-competitive firms orassociate with firms in an unrelated activity. Maria is aware of internal and external tools whichbusinesses use to…
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Scenario:Maria is considering operating a local business in the beauty and cosmetology sector in the islandof Trinidad. She has completed research into the operations of similar businesses locally andintends to market and sell her products initially at the local level, with the possibility of extendingat the regional level in the near future. Maria understands that to shape the business’s overallstrategy there are various strategic drivers both internally and externally which must be consideredand wants expert advice on these drivers relevant to her business. She is also struggling withdeciding on the best structure for the organization, as well as the most effective ways of marketingher products to ensure that they are more attractive to buyers than the current options. She isconsidering a strategic alliance but is not sure if to form links among non-competitive firms orassociate with firms in an unrelated activity. Maria is aware of internal and external tools whichbusinesses use to…
Calculate the sales potential for a target ot 100 thousand 35-54 year olds?

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