What are three strategies to best hear a message?
What will be an ideal response?
(1) Get closer to the speaker by either moving nearer or increasing the volume in the sound system sending the message. (2) Eliminate distractions, including stashing away nonessential communication technologies and putting distance between yourself and any environmental distractions. (3) Focus your attention on only the message, and try to avoid multitasking and daydreaming when the message is being relayed.
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Identify the different departments in a company and why they must work together to achieve success.
What will be an ideal response?
The distribution strategy in the marketing mix is concerned with:
a. transporting raw materials or finished products. b. educating customers about product benefits. c. providing after-purchase services to customers. d. public relations activities.
XYZ is a paint product manufacturer, and one of the plants is experiencing a substantial increase in demand. The future demand for the products could be low, medium, or high, with probabilities estimated to be 25%, 50%, and 30%, respectively. The company wants to determine the financial impact associated with the three decision alternatives under the varying levels of demand. Given the following payoff matrix, compute the EVPI.
a. $9.5 M
b. $10 M
c. $12.4 M
d. $7 M
We can model a time series with a seasonal pattern by treating the season itself as a(n)
a. categorical variable. b. qualitative variable. c. annual variable d. None of these are correct.