Question 1: What are the possible financial outcomes if George orders 5‚000 shirts‚ 7‚500 shirts and 10‚000 shirts‚ respectively? Based on the information given in the case‚ the expected number of attendees is: E(x) = 80‚000*0.25 + 50‚000*0.5 + 20‚000*0.25 = 50‚000 people Selling price per shirt: $100/12 = $8.33 Discount price: $1.5 Scenario 1: Assumption: George orders 5000 T-shirts; cost: $17‚750; the number of attendees buy his T-shirts are 5%‚ 10% and 15% respectively The possible
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In the Italian tale‚ The Happy Man’s Shirt‚ one of the themes is that happiness is not defined by what a person has. An example of this is at the beginning‚ when the king realizes that his son is always unhappy. “‘What on earth do you lack?’ asked the king. ‘What’s wrong with you?’ ‘I don’t even know myself‚ Father.’ ‘Are you in love? If there’s a particular girl you fancy‚ tell me‚ and I’ll arrange for you to marry her‚ no matter whether she’s the daughter of the most powerful king on earth or the
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GEORGE‚ S T –SHIRTS The case about George’s T-shirts can be studied or analyzed by grouping the material into eight different categories. Introduction ● George Lassiter‚ a project engineer for a major defense contractor and also an entrepreneur who manufactures and designs special events T-shirts ● He has owned this lucrative T-shirt business for six years ● Designed T-shirts for “special events” such as rock concerts‚ major sporting events‚ and special fund-raising events. ●
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Mr. Lassiter has quite a dilemma on his hangs trying to figure out the correct number of shirts to buy to sell at an upcoming event. He buys the shirts in bulk and sells them at the price of $100 for a dozen‚ or $8.33 a piece‚ to vendors whom turn around and sell them for $10 apiece to event attendees. The only known number is 20‚000 tickets being sold in the standing area. The number of tickets sold in the grandstands he thought would be the following possibilities: 80‚000 tickets with a .26
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yellow shirt stepped out of his car walked up to the man in the blue shirt and smacked in the face as hard as he could. A girl runs out in a panicke yelling at the man in the yellow shirt ¨Dad please stop don’t hurt him pleaseee¨ The man in the yellow look up from the man in the blue shirt and looks at his daughter ¨Ella You’re coming home with me right now¨ in a harsh voice.The girl looks at her dad clearly frightened ¨dad stop it’s ok I love him and he loves me¨ The man in the yellow shirt red in
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Case Background George Lassiter makes t-shirts for special events such as concerts. The upcoming concert presents another opportunity for George to make and sell t-shirts; however the question is how many t-shirts to produce. There are two fundamental case questions that must be answered: 1. What are the possible financial outcomes if Lassiter orders 5‚000 T-shirts? 7‚500? 10‚000? As shown in the Exhibit‚ a rather simple but detailed decision tree has been made which represents the various options
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Case 24 George’s T-shirts Executive Summary George Lassiter is project engineer for a major defensive contractor. For the last six years George has enjoyed an interesting and lucrative side business while designing‚ manufacturing‚ and hawking special event T-shirts. Some of these events include rock concerts‚ major sporting events‚ and special fund-raising events. His idea was very recognized within the community because his products were not only cheap but they were also cleverly designed and
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T-shirt Travels The film ‘T-shirt Travels’ takes us to the Sub-Saharan African nation of Zambia‚ a country who in the 1960’s was know for having a thriving‚ domestic textile industry. As of late‚ with the countries immense amount of debt and the constant nagging of their creditors‚ such as the IMF‚ Zambia’s local economy has deteriorated and the textile industry has vanished. However‚ there is another issue present that has also contributed to the decline of Zambia’s economy: the second-hand
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What are some of the historical stereotypes of Asians that are present in this T-shirt design? The Asians present of the shirt have straw hats‚ appear fairly old and work at a laundry service. They also have the last name of Wong. These are the stereotypes that people have of Asians. In the past many of the people in Eastern Asia may have worn straw hats because they farmed in rice fields but not all of them did. There is also the issue that both old Asian men look alike which is another stereotype
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Art Design T-Shirt Printing T-Shirt Printing is an exciting new business that allows people to custom design a shirt (specifically the design on the front or back) any way that they would like. By intelligently leveraging cutting edge technology‚ It will harness the power of computer sublimation to allow custom shirt printing in production runs as small as one unit. Imagine the ability to create a totally custom shirt. You choose the material and style of the shirt‚ and then the image or graphic
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