Darius, a manager at the Tokyo, Japan, store of an American-owned clothing company, understands the differences and similarities between American and Japanese customers, customs, culture, and practices. As a result, Darius uses his understanding of Japanese culture, tastes, and business practices to help him market his products to Japanese customers and he uses his understanding of American culture to sell his products to Americans who are visiting Japan. Darius is an example of a geocentric manager. True or False True False
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- #17FAVORABLE UNFAVORABLEMARKET MARKETEQUIPMENT ( $) ($)Sub 100 300,000 –200,000Oiler J 250,000 –100,000Texan 75,000 –18,000For example, if Ken purchases a Sub 100 and ifthere is a favorable market, he will realize a profitof $300,000. On the other hand, if the market is unfavorable, Ken will suffer a loss of $200,000. ButKen has always been a very optimistic decisionmaker.(a) What type of decision is Ken facing?(b) What decision criterion should he use?(c) What alternative is best? #18Although Ken Brown (discussed in Problem 3-17) is the principal owner of Brown Oil, his brother Bob iscredited with making the company a financial success. Bob is vice president of finance. Bob attributeshis success to his pessimistic attitude about business and the oil industry. Given the information fromProblem 3-17, it is likely that Bob will arrive at a different decision. What decision criterion should Bobuse, and what alternative…13 In addition to the legislation and guidelines that may apply, the investment policythat is decided upon by the investment manager (for a client) should include allthe following elements EXCEPT rate of return expectations (including timeframe) and expected volatility specific goals about continuing education an investment review process the asset classes for investment a policy review processConcerta and Ritalin Concerta and Ritalin are twodifferent brands of a drug used to treat ADHD.a. Use the fact that market share for Concerta wasy = 2.4% for August 25, 2000 (x = 0), andwas 10% eleven weeks later to write a linearfunction representing its market share as a function of time.
- How would you justify to Mobile Adventures' executives that they should treat their player data as a valuable business asset? What are at least two ways in which Mobile Adventures could monetize (i.e., realize additional revenue from) the data they currently collect from game players? What are the major threats to Mobile Adventures' data, and what policies and procedures would you recommend to mitigate these threats?in the WorldCom case,Cynthia Cooper and her colleagues worried about their revelations bringing down the company. Her boss, Scott Sullivan, asked her to delay reporting her findings for one quarter. She and her team did not know for certain whether this additional time might have given Sullivan time to "save the company" from bankruptcy. Assume that you were a member of Cooper's team what would you have done toward’ s the boss’s decision?1. The marketing concept states that a firm must put consumer needs first, even if it means foregoing satisfactory profits. a. True b. False 2. John wants to start his own fruit juice and beverage company. He is aware of the large number of competitors in this industry and of the fact that his product should not be very costly. To differentiate his product from that of his competitors, he decides to sell his beverages in specially designed containers that keep the juice fresh for 7 days even without refrigeration. John is focusing on the _____component of the marketing mix. a. Place b. Pricing c. Packaging d. Product 3. The sales of a product are rising rapidly and profits are peaking. This product is in the _____ stage of the product life cycle. a. Introduction b. Growth c. Maturity d. Decline 4. A(n) _____ is given to customers for accepting less of something or as an adjustment for variation in quality. a. Discount b.…
- Chapter 20 3. Compare and contrast the difference between the retrospective analytics approachand the predictive analytics approach to data analytics. Chapter 21 4. Knowledge of statistical and mathematical terms is very important in finance. Explain the difference in the field of mathematics and the discipline of statistics. Chapter 22 5. Organizations determine whether to take on debt and how much to take on are common and necessary parts of financial planning. Explain the sources of capital that are available to an organization to obtain funds. Chapter 23 6. Explain why an organization should buy or lease when purchasing equipment.J&J has given you $12 million to spend on advertising Huggys diapers during the next 12 months. Atthe beginning of January, Huggys has a 30% market7.9 Conclusion 401share. During any month, 10% of the people whopurchase Huggys defect to brand X, and a fraction0.2a1y2 of customers who usually buy brand X switchto Huggys, where a is the amount spent on advertisingin millions of dollars. For example, if you spend $4million during a month, 40% of brand X’s customersswitch to Huggys. Your goal is to maximize J&J’saverage market share during the next 12 months,where the average is computed from each month’sending share. Determine an appropriate advertisingpolicy. (Hint: Make sure you enter a nonzero trialvalue for each month’s advertising expense or Solvermight give you an error message.)Below is an excerpt from the article: Bennett, R. (2005). Factors associated with student plagiarism in a post-1992 university. Assessment & Evaluation in Higher Education, 30, 137-162.“There is a need for university staff to address forcefully the issue of academic integrity during introductory programs and to explain clearly and sympathetically the objective need for honesty in academic life” (p. 156).Which of the following examples correctly paraphrases the above passage without plagiarizing? Select one: a. During orientations, university staff should be very clear about the importance of academic integrity (Bennett, 2005). b. There is a need for colleges to forcefully address the issue of academic integrity during beginning programs and to explain clearly and sympathetically the objective need for integrity in college life (Bennett, 2005). c. There is a need for university staff to address forcefully the issue of academic integrity during introductory programs and to explain…
- A rich person passes away, leaving the following legacy: 1- A Caillebotte picture: 25000$2- A bust of Diocletian: 5000$3- A Yuan dinasty chinese vase: 20000$4- A 911 Porsche: 40000$5- Three diamonds: 12000$ each6- A Louis XV sofa: 3000$7- Two very precious Jack Russell race dogs: 3000$ each (the will asserts that they may not be separated)8- A sculpture dated 200 A.D.: 10000$9- A sailing boat: 15000$10- A Harley Davidson motorbike: 10000$11- A piece of furniture that once belonged to Cavour: 13.000$. These items must be shared between the two sons. Write an optimization model to find a partition of these items that minimizes the difference between the values of the two parts? Carefully explain all of the decision variables, constraints, objective function, and an appropriate solving method that you would choose. You *do not* need to solve your optimization model.1. Suppose you are going on a weekend trip to a city that is d miles away. Develop a model that determines your round-trip gasoline costs. What assumptions or approximations are necessary to treat this model as a deterministic model? Are these assumptions or approximations acceptable to you? 2. Suppose that a manager has a choice between the following two mathematical models of a given situation: (a)a relatively simple model that is a reasonable approximation of the real situation, and (b)a thorough and complex model that is the most accurate mathematical representation of the real situation possible. Why might the model described in part (a) be preferred by the manager?2) A buyer for a large sporting goods store chain must place orders for professional footballs with the footballmanufacturer six months prior to the time the footballs will be sold in the stores. The buyer must decidein November how many footballs to order for sale during the upcoming late summer and fall months.Assume that each football costs the chain $45. Furthermore, assume that each can be sold for a retail priceof $90. If the footballs are still on the shelves after next Christmas, they can be discounted and sold for$35 each. The probability distribution of consumer demand for these footballs (in hundreds) during theupcoming season has been assessed by the market research specialists and is presented below. Finally,assume that the sporting goods store chain must purchase the footballs in lots of 100 units. Demand Probability 4 0.30 5 0.50 6 0.20 a) Construct a decision tree…