Refer to the data on Expected Demand for Acme Widgets. For the various demand scenarios and their associated probabilities, which of the three decision alternatives has the maximum expected value?
a. Outsource, with an expected value of $20.95 million
b. Build capacity, with an expected value of $23.70 million
c. Do nothing, with an expected value of $40.50 million
d. Outsource, with an expected value of $31.60 million
c. Do nothing, with an expected value of $40.50 million
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One of the drawbacks of the software on demand approach is that it _____.
A. increases implementation time significantly B. requires clients to hire experts to maintain the systems C. reduces the control clients have over their systems D. relies on storage hardware at the client location for installation
When Clipper Mail Order Co receives telephone and fax orders, the billing department prepares an invoice. The invoice is mailed immediately. A copy of the invoice serves as a shipping notice. The shipping department removes inventory from the warehouse
and prepares the shipment. When the order is complete, the goods are shipped. The clerk checks the customer's credit before recording the sale in the general journal and the account receivable subsidiary ledger. The receptionist opens the mail and lists all payments. The receptionist also handles all customer complaints and prepares sales return forms for defective merchandise. The cashier records all cash receipts in the general journal and makes the appropriate entry in the accounts receivable subsidiary ledger. The cashier prepares the daily bank deposit. Describe at least four internal control weaknesses at Clipper Mail Order Co
______ methods can be used if measurable, historical data are available, and there is evidence that past demand is indicative of the future demand.
A. Simulation analysis B. Qualitative C. Quantitative D. Market research
Two popular beverage manufacturing companies in different countries merge together to gain strategic advantages. The merger gives each brand access to a significantly larger market
To effectively reach both markets, the merged company needs to coordinate its promotional mix to produce a consistent, unified, and customer-focused message. In other words, the company needs to use: a. the AIDA model for product promotion. b. integrated marketing communications. c. transformational marketing. d. creative selling.