How is strategic management illustrated by this case story? According to the case study Zara have a plan that involves an obvious and concentrated understanding of fashion‚ technology‚ and producing clothes they also can change their line according to the needs of the market as quick as possible they also practice strategic management and some of its evident starting in: 1) assigning goals Amancio Ortega’s goals was to produce (fast fashion). 2) Strategy planning Get products to the market
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Case 2– Research in Motion- RIM 1. What were some of the challenges RIM faced to protect its Intellectual Property and how did RIM handle those challenges? There was a legal action between NTP and RIM over the intellectual property. RIM resolved the action. To protect its intellectual property‚ RIM agreed to pay $612.5 million to NTP Inc. to settle the fight. The dispute had threatened to end RIM’s BlackBerry e-mail service to millions of users in the U.S. and has been the subject of a four-year
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Emerging Markets: High Fashion Fights Recession 1. Using the five forces framework‚ how would you characterize the competition in the luxury goods industry? Threat of Substitutes There is relatively no threat of substitution in the luxury goods industry. This is mainly because of the quality and price of substitutes‚ and the cost of switching to the consumer. The price of counterfeit goods that copy the luxury goods causes there to be a positive monetary cost in switching but there is a loss of
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Chapter 2 Study Guide MULTIPLE CHOICE QUESTIONS 1. The relative frequency of a class is computed by a. dividing the midpoint of the class by the sample size b. dividing the frequency of the class by the midpoint c. dividing the sample size by the frequency of the class d. dividing the frequency of the class by the sample size Answer: d 3. The sum of frequencies for all classes will always equal a. 1 b. the number of elements in a data set c. the number of classes d. a
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an economic planning will not do so‚ leading to a waste of resource in excess production. 2. Profitability. Market is more profitable than economic planning. In market‚ companies are owned by individuals‚ and they have motivation to improve profit. In economic planning‚ firms are all owned by public‚ and how much they can earn is determined by government‚ so there is little incentive for company to cut cost. 3. Economic planning is fairer than market in terms of employment. Economic planning always
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Case Study 2: Johnnie Walker 1. What would be the best way for competition to react to such an internationally successful advertising campaign? In reacting to the advertising campaign‚ the competition has a challenge due to the Johnnie Walker brand already being a well-known and famous brand. As the Johnnie Walker brand is already iconic‚ if a competitive brand were to try and challenge the ‘keep walking’ campaign their efforts may be lost due to overwhelming support of Johnnie Walker. Therefore
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Veronica Germanovich Chapter 2 case MISC 311-40 04/14/2014 Case Study: Your Next Car on a Tablet 1. Edmunds developed the Inside Line iPhone app because we are in a huge technological era. Edmunds needed to find a way to get the most customers possible because he is in a competitive market. A lot of people use tablets or smartphones now‚ by developing a mobile app it increases the chance that more people will take the time to go look at Edmunds app. Companies that provide free services‚ such as
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ACCOUNTING EXAM 2 STUDY GUIDE Chapter 5 1. Know the following terms: merchandise inventory‚ sales‚ sales returns and allowances‚ sales discounts‚ net sales‚ cost of merchandise sold‚ gross profit‚ operating expenses‚ operating cycle‚ purchase discounts‚ purchase returns and allowances‚ FOB shipping point‚ FOB destination‚ and inventory shrinkage. 2. Be able to prepare a multiple step income statement. 3. Be able to prepare the journal entries for the seller and buyer including
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Chapter 2 Assignment questions and answers 1. A jewelry store makes necklaces and bracelets from gold and platinum. The store has 20 ounces of gold‚ 24 ounces of platinum. Each necklace requires 6 ounces of gold 3 ounces of platinum‚ whereas each bracelet requires 2 ounces of gold and 5 ounces of platinum. The store has to use a minimum of two ounces of gold. The demand for bracelet is no less than three. A necklace earns $375 in profit and a bracelet‚ $225. Formulate a linear programming model
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Stinson‚ Margie Biology 210 Lab Questions: Phylum Annelida You will learn the answers to most of these questions in class and in lab. Great resource: http://www.bumblebee.org/invertebrates/ANNELIDA.htm 1. What does the word annelida mean? 2. Recall‚ some of the nematode worms appeared superficially to have external rings. Describe true segmentation in annelids. How is the true segmentation in annelids differ from having rings around the ectoderm as in nematodes? 3. What two layers of muscles
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