solve k = 20.275 d) P ( 17 < X < 21) P ( (17 -18)/2.5 < Z < ( 21-18)/2.5) P ( -0.4 < Z < 1.2) = 0.8849 – 0.3446 = 0.5403 ( 4 decimal places) 4. In a sample of 25 observations from a Normal Distribution with mean 98.6 and standard deviation 17.2‚ find: Ans: a) n = 25‚ [pic] = ( = 98.6‚ [pic] = /n = 17.2/(25 = 3.44 [pic]( N
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Study Questions for cases Verklar Case 1) Why is Verklar’s market share dropping in the Austrian market in the early 1980s? 2) How would the quota system change the way channel flows are performed in Verklar Austria’s channel? 3) Comment on the efficiency (i.e.‚ cost) and effectiveness (i.e.‚ satisfaction) implications of implementing the quota system. 4) Based on your previous answer; is the quota system a good solution to Verklar Austria’s problem? 5) What potential pitfalls should be
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1. Marketing Channel Analysis The furniture industry is a very lucrative business that spans domestic and international markets. With that fact in mind‚ it goes without saying that different channels of distribution exist with regards to delivery of furniture from manufacturer to consumer. Furniture manufacturers who target the domestic market segment have three (3) major marketing distribution channels: (1) Through online shopping portals‚ (2) through public showrooms in malls‚ and (3) through
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have you had to drink?" Petra questioned. She looked around and realized everyone was sipping wine apart from Captain Levi who was sat languidly with his regular cup of tea. Erd was sat with Eren‚ refilling his cup with more wine each time the young boy took a sip. Petra giggled as her eyes moved to Auruo who was sat with his eyes glued to Levi‚ trying to mimic his position. Petra noticed his wine sat next to an abandoned cup of tea. "Not much‚" Hanji slurred‚ her glasses laying askew on the
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Causes of Channel Conflicts Channel conflict is sometimes a destructive management issue. Caused by several factors Goal incompatibility: the channel partners have incompatible or misaligned goals‚ for example the manufacturer perceives his goals to be a market share and profit maximization in the long run‚ the wholesalers perceive their goals to be sales maximization and in turn profit maximization. The latter even prefer to work at higher margins and short term profitability. This makes
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Channel and pricing Strategies University of Phoenix Date Due: 30‚ August 2010 Channel and pricing Strategies Team C examines the channeling and pricing strategies of the Toyota Motor Corporation for the team’s product launch. The assignment explores the appropriate channel strategy for both the domestic market as well as the international market through direct exporting channels. The team justifies Toyota international market through extensive research on the chosen product. According
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Louis Pasteur said that wine is the most healthful and the most hygienic of all beverages. It can give the human body 500 calories that are normally taken from fats and carbohydrates. All these energy is completely consumed by the body and will not add an ounce of the body weight (Lichine‚ et al. 1968). There are several health benefits that can be derived from wine. Aside from being a healthy beverage‚ it was said that wine can deter food poisoning. It can help wipe out the bacteria that are
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Market Analysis: Global Wine Wars-New World Challenges Old Global Wine Wars: New World Challenges Old This case describes the global development of wine industry‚ and how new world wine players occupied the global market share from old world wine producer gradually. It is very interesting that author selected the Britain as the sample stage for the battle between the new world wine campaign and the traditional campaign. Nowadays‚ in the “Old World” countries of Europe‚ where the bulk of the
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The Wine Making Process Wine making has been around for thousands of years. In its basic form‚ wine making is a natural process that requires very little human intervention. Mother Nature provides everything that is needed to make wine; it is up to humans to embellish‚ improve‚ or totally obliterate what nature has provided‚ to which anyone with extensive wine tasting experience can attest. There are five basic components or steps to making wine: harvesting‚ crushing and pressing‚ fermentation
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WINE BASICS Key Topics • A definition of wine and alcoholic fermentation. • A discussion of Vitis vinifera‚ the wine grape; where ‚how it has been developed into its modern form‚ and what characteristics it possesses that make it important to the production of wine. • The three impacts on a wine’s flavor: grapes‚ viticulture and terroir‚ and viniculture. Gibson‚ M‚ 2010‚ The Sommelier Prep Course‚ John Wiley and Sons 2 What Is Wine? Wine—A fermented beverage produced from the juice of any fruit
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