(Consolidate existing product‚ reap without investing) E(X) = 0.6(10‚000) + 0.4(1‚000) = 6‚400 EV B.) The decision alternative that has the most favorable total expected value is to develop new product thoroughly with a total expected value of 210‚200. 1.) The Company has determined that it has two alternatives for improving profits: develop new products either rapidly or thoroughly‚ or consolidate existing products by strengthening products or reaping without investing. On the first branch of the decision
Premium Probability theory Random variable Expected value
INTRODUCTION & SERVICE PLANNING DIFFICULTIES Servis operations is an enterprise that provides work performed in an expert manner by an individual or team for the benefit of its customers. Service businesses are enterprises that are established and maintained for the purpose of providing services rather than product to private and commercial customers. In a service business‚ you would be looking to add people who possess the requisite skills to perform the work. The typical service business provides
Premium Manufacturing Management Employment
skies and sunshine in summer months‚ mild winter temperatures and hot summers‚ and rain primarily during winter season from the mid-latitude cyclone. Extreme summer aridity is caused by the sinking air of the subtropical highs and may exist for up to 5 months. Locations of Mediterranean climates in North America are from Portland‚ Oregon to all of California (www.eoearth.com). The average temperature of the coldest month is less than 18°C (64°F) but above -3°C (27°F). The wettest winter month has about
Premium Climate Precipitation Earth
Explain the importance of resilience in children and young people Resilience is a mixture of nature and nurture. Attributes that some children are born with‚ such as good intellectual ability and a placid‚ cheerful temperament‚ are associated with resilience. Children who are born prematurely and/or with disabilities‚ who cry and cannot be comforted‚ who cannot sleep or who will not accept being held are more vulnerable to adversity and may be less likely to be resilient. There are‚ however‚ many
Premium Developmental psychology Childhood Psychology
Constantina Kavadas Marketing Plan Part 1: Market and Consumer Profile Date of submission: Wednesday‚ March 29th‚ 2006 [pic] The following marketing plan forms the basis for the introduction of an innovative new product by the Coca-Cola Company. The analysis allows us to outline the best strategies to follow for the achievement of the company’s strategic goals. “Bubble Buzz” will be marketed as a unique functional drink while striving to reinforce the company’s status as the
Premium Soft drink Coca-Cola Marketing
312 September 1‚ 2014 David Lenox HR and Organizational Development The relationship between organizational design and organizational development in achieving organizational goals is that the HR managers is the organizational design because they were selected to coordinate their ideas and efforts toward specific goals. Organizational design answers the questions as to what would be the best ways to build the best organizational structure. Organizational design has two main objections: 1. to maintain
Premium Human resource management Human resources
True/false questions MenuItem 1: {Topic 2} Individual behaviour and learning Question 1: According to the MARS model of individual behaviour and performance‚ employee performance will remain high even if one of the four factors falls to zero. True: False*: Feedback: Page 38 Difficulty: Easy Question 2: The MARS model identifies the four main factors that influence individual behaviour. True*: False: Feedback: Page 38 Difficulty: Medium Question 3: Motivation is an external force on the
Premium Reinforcement
AR 670-1 There are many army regulations dealing with the army but the one that I am going to talk about today is army regulation 670-1. What is army regulation 670-1 covering in the United states army? Army Regulation 670-1 deals with the wear and appearance of military uniforms for my paper I will recite the way a person is supposed to wear their uniform in army text and then tell you what it means in my own words. Starting with the parts that deals with the reason I am writing this report right
Premium United States Army Military Religion
psychiatric diagnosis of an "Internet" or "Computer" addiction. The most recent (4th)edition of Diagnostic and Statistical Manual of Mental Disorders(aka‚ DSM-IV) - which sets the standards for classifying types of mental illness - does not include any such category. It remains to be seen whether this type of addiction will someday be included in the manual. So far‚ researchers have only been able to focus on that first criteria - trying to
Premium Addiction
Energy Drink market is segmented according to demographic‚ geographic‚ psychographic and behavioral variables. The Energy Drink industry which is dominated by Red Bull and V energy drinks is worth 151 million dollars and is growing by 47% per year. Energy drinks is the fastest growing category in the soft drink market. I have chosen three different companies in this report to analysis which segments they target‚ Powerade‚ Red Bull and Coca Cola. Red Bull is the market leader in energy drinks and Coca
Premium Energy drink Caffeine