Q: How often does the organization need to analyze the internal and external factors in order to unders...
A: Disclaimer: Since you have asked multiple question, so as per the company guidelines, we can solve o...
Q: what distinguishes an owner-entrepreneur from a manager?
A: The difference between owner-entrepreneur and a manager is discussed as follows-
Q: The flexibility characteristics of entrepreneurs refers to ________________? A. Responds to changes ...
A: An entrepreneur can be referred to as the person who seeks opportunities and initiates starting new ...
Q: Give atleast three ways on how can we support different market structures.
A:
Q: Can we consider an owner-entrepreneur who operates his business as a manager? Can he be both?
A: Yes, entrepreneurs performs the basic activities of managers as well as owners. Entrepreneurs are us...
Q: you
A: Talking about hacking then, it is the way of entering into the system of others by without the permi...
Q: ou have been hired as
A: As a promotional manager for a company is to look after planning's & campaigns, for promoting a ...
Q: ________ (is) are transmitted through three basic organizations: the family, religious organizations...
A: Marketing refers to the process of managing a product/service or both such that customers purchase i...
Q: Why is it essential to include technology into our classrooms? Toyota's difficulties in adopting kno...
A: It is essential to include technology into our classrooms because of the following reasons-
Q: Why does the government borrow money when it still has enough on hand?
A:
Q: ny wishes to find out whether the population of students at a univer A random sample of students is ...
A: The answer to this question is systematic sampling design.
Q: Kraft Foods, the 90-year-old darling of the consumer packaged-goods industry, moved to improve its l...
A: An entrepreneur is an individual who undertakes the risk of starting a new business venture by aggre...
Q: "Impact of utilizing E-Materials during online class in the skill development of CSS (Computer Servi...
A: The research process can be defined as the process of choosing a problem, gathering information, ana...
Q: What is the effect of Covid-19 on the financial Tourism sector in UAE
A: The effect of Covid-19 on the financial Tourism sector in United Arab Emirates is discussed as follo...
Q: INVENTOR TRANSFORM THE INVENTION INTO A VIABLE BUSINESS. a. False b. True
A: Inventor is the person who invents the product which has never been made before. Inventor is the mos...
Q: Why do consumers planning to make a purchase atan online outlet often fail to do so?
A: There are organizations that are offering a number of products and services these days. There are ma...
Q: Prescriptive analysis answers the question a. How can we make it happen B Why did it happen C. Wh...
A: Business analytics uses the tools of statistics, artificial intelligence and data mining to identify...
Q: Do you agree that entrepreneurial success follows from personal effort, knowledge and practice rathe...
A: Yes, I agree that entrepreneurial success follows from personal effort, knowledge and practice but i...
Q: create a clothing store business model that includes customer value proposition, resources, process ...
A: Every business draws up a business plan for its smooth running. This summarizes what it sells, who i...
Q: Why did Bayer diversify into the highly competitive agrochemical industry when its pharmaceutical ma...
A: Introduction:- The medical establishment is incredibly competitive. Although income rose, the expens...
Q: How do lean business plans differ from conventionalbusiness plans?
A: A business plan can be referred to as the blueprint of a company. The details regarding the core ope...
Q: Questions Outline the various market segments that are identified in the above discussion. Are there...
A: Market Segmentation can be defined as the process or activity of dividing the entire customer market...
Q: Discuss the following and give an example. •International companies •Multinational companies •Global...
A: Organizations are global these days. The markets are both national and international. The companies ...
Q: How might Naked insurance convince the uninsured car owner to buy into a short-term insurance produc...
A: Marketing is an activity which the firm takes up to make customers. For this marketing strategies ar...
Q: What are the roles of banks in our society? And also Give examples
A: Banks play a vital role in the economy for offering a service for people and finance to businesses.
Q: Distinguish Exchange Rate Method and Purchasing Power Parity as 1. methods of comparing Country GDP...
A: Exchange rate method: Exchange rate method refers to the value of one country's currency with the va...
Q: (1) Would someone who excels at independententrepreneurship automatically excel at anintrapreneurial...
A: Disclaimer: Since you have asked multiple question, so as per the company guidelines, we can solve o...
Q: International Trade Data of India About International Data of India
A: International trade: International trade refers to the exchange of goods and services between two co...
Q: Most complaints are due to: (2) Products Boredom Accounting Issues ...
A: Disclaimer: Since you have asked multiple question, so as per the company guidelines, we can solve o...
Q: What role does the four P's which are the product, price, place, and promotion play in consumer beha...
A: A marketing mix is a necessary tool that serves to promote the products of the company. A marketing ...
Q: Alcohol
A: Alcohol: When determining whether someone is intoxicated, you should rely on your observation and n...
Q: new information technology.
A: New information technology has posed social and ethical problems in the area of data privacy, no ste...
Q: Which of the following groups is the ultimate judge of a product's utility?
A: The utility of a product is always judged by the consumers. The consumers are always responsible for...
Q: Which of the statements is untrue
A: Every customer in the market has his own set of needs and every customer requires differentiation in...
Q: Market structure is determined by the asset size of the industry.
A: Market structure is determined by several factors such as - 1. Total numbers of buyers and sellers ...
Q: Success at Best Buy depends on meeting the needs of our customers. It must be the central focus of e...
A: The direct Approach is the process when any statement is presented directly to the audience. It addr...
Q: How are social and economic risks associatedwith the following products likely to affect theoutlet c...
A: A retailer is the entity which provides services and products from the manufacturer to the customers...
Q: page
A: Talking about the business then, it is an entity run a group of people in order to satisfy the needs...
Q: Customer Segments for (online food ordering) Defines the customer Segment/s, people or organization...
A: Market segmentation is the process to group people together such that people in it have common attri...
Q: Define Trompenaar's Model of National Culture Differences
A: Cultural intelligence is defined as the skills and knowledge of an individual that helps him in work...
Q: There are four macro strategies to create and deliver value to customers and that can help a firm to...
A: Customer loyalty appears to be something that brands can desire to purely because of their presence:...
Q: 1. Develop your most eye-catching slogan that will fit with the current looks of the Magnum Ice crea...
A: A positioning statement is the method of expressing how a specific product, service or brand satisfi...
Q: Why do new products fail? Pick an example of a product and a service that has failed and discuss the...
A: to understand the failure of the product first we need to understand what the product is. A product ...
Q: What is the aviation industry's cost structure? How does it stack up against other modes? What impac...
A: Cost structure of aviation industry: The market structure of an aviation industry is characterized a...
Q: Pick one of your favorite brands and go to its Web site. How would you evaluate the Web site? How we...
A: Businesses today rely on the internet, intranets, and extranets to install and operate cutting-edge ...
Q: What are the different attributes of a good aircraft accident investigator?
A: Attributes or quality refers to the totality of features of any individual that the person bears in ...
Q: What role do the four P's play in consumer behavior?
A:
Q: Explain the purpose and point to the ABC system of classification ?
A: An Inventory or Materials Management System is one of the most important functions of the supply cha...
Q: What are the potential downfalls and positive influences of the “Netflix way”?
A: Disclaimer: Since you have asked multiple question, so as per the company guidelines, we can solve o...
Q: How can you improve internal vs external recruitment
A: Improvement of internal vs external recruitment is discussed as follows -
Step by step
Solved in 2 steps
- Under what conditions might a firm use multiple forecasting methods?The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels. Management is trying to decide whether direct labor hours (DLH) or units produced is the better measure of activity for the firm. Monthly data for the preceding 24 months appear in the file P13_40.xlsx. Use regression analysis to determine which measure, DLH or Units (or both), should be used for the budget. How would the regression equation be used to obtain the budget for the firms overhead costs?The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars) through credit unions. a. Use these data to forecast consumer revolving credit through credit unions for the next 12 months. Do it in two ways. First, fit an exponential trend to the series. Second, use Holts method with optimized smoothing constants. b. Which of these two methods appears to provide the best forecasts? Answer by comparing their MAPE values.
- The owner of a restaurant in Bloomington, Indiana, has recorded sales data for the past 19 years. He has also recorded data on potentially relevant variables. The data are listed in the file P13_17.xlsx. a. Estimate a simple regression equation involving annual sales (the dependent variable) and the size of the population residing within 10 miles of the restaurant (the explanatory variable). Interpret R-square for this regression. b. Add another explanatory variableannual advertising expendituresto the regression equation in part a. Estimate and interpret this expanded equation. How does the R-square value for this multiple regression equation compare to that of the simple regression equation estimated in part a? Explain any difference between the two R-square values. How can you use the adjusted R-squares for a comparison of the two equations? c. Add one more explanatory variable to the multiple regression equation estimated in part b. In particular, estimate and interpret the coefficients of a multiple regression equation that includes the previous years advertising expenditure. How does the inclusion of this third explanatory variable affect the R-square, compared to the corresponding values for the equation of part b? Explain any changes in this value. What does the adjusted R-square for the new equation tell you?The file P13_29.xlsx contains monthly time series data for total U.S. retail sales of building materials (which includes retail sales of building materials, hardware and garden supply stores, and mobile home dealers). a. Is seasonality present in these data? If so, characterize the seasonality pattern. b. Use Winters method to forecast this series with smoothing constants = = 0.1 and = 0.3. Does the forecast series seem to track the seasonal pattern well? What are your forecasts for the next 12 months?The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six months of observations for validation purposes, use the method of moving averages with a carefully chosen span to forecast U.S. retail sales in the next year. Comment on the performance of your model. What makes this time series more challenging to forecast?
- The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present in these data? If so, characterize the seasonality pattern. b. Use Winters method to forecast this series with smoothing constants = = 0.1 and = 0.3. Does the forecast series seem to track the seasonal pattern well? What are your forecasts for the next 12 months?The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel Agency. a. Create a time series chart of the data. Based on what you see, which of the exponential smoothing models do you think will provide the best forecasting model? Why? b. Use simple exponential smoothing to forecast these data, using a smoothing constant of 0.1. c. Repeat part b, but search for the smoothing constant that makes RMSE as small as possible. Does it make much of an improvement over the model in part b?The file P13_02.xlsx contains five years of monthly data on sales (number of units sold) for a particular company. The company suspects that except for random noise, its sales are growing by a constant percentage each month and will continue to do so for at least the near future. a. Explain briefly whether the plot of the series visually supports the companys suspicion. b. By what percentage are sales increasing each month? c. What is the MAPE for the forecast model in part b? In words, what does it measure? Considering its magnitude, does the model seem to be doing a good job? d. In words, how does the model make forecasts for future months? Specifically, given the forecast value for the last month in the data set, what simple arithmetic could you use to obtain forecasts for the next few months?