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10. A store offers a scratch and win discount for each customer who buys something at the store. Each cord has si...
An online store would like to decrease the inventory level of its warehouse by selling the...
An online store would like to decrease the inventory level of its warehouse by selling the old model of a particular mobile phone. They cannot cut down the price directly because the contract that they signed with the supplier does not allow it. Therefore, they plan to give coupons to the customers to buy the mobile phone with 20% discount of the original price. The original price is $8,000 (it means that the customers can buy the mobile phone with...
Mega-Mart, a discount store chain, wants to build a new superstore in an area in southwest...
Mega-Mart, a discount store chain, wants to build a new superstore in an area in southwest Virginia near four small towns with expected daily number of customers between 970 and 2600. The coordinates (in miles) of these four towns and the expected daily number of customers in each are as follows: Coordinates Whitesburg Alton Ville Camburg Milligan 12 18 32 y 20 15 7 25 Expected daily number of customers 2600 1200 1830 970 30 a) (10 pts) Determine the...
Many grocery store chains ofer customers a card they can scan when they check out and...
Many grocery store chains ofer customers a card they can scan when they check out and offer discounts to people whoo so. To get the card, customers must give information, including a mailing address and e-mail address. The actual purpose is not to reward loyal customers but to gather data. What data do these cards allow stores to gather, and why would they want that data? What data do these cards allow stores to gather? Select all that apply A....
Increasingly, in-store demonstrators giving samples are also: a. providing comedy routines. b. explaining the difference to...
Increasingly, in-store demonstrators giving samples are also: a. providing comedy routines. b. explaining the difference to customers between their sales promotions and advertising objectives. c. handing out coupons along with the sample. d. telling the consumer the history of the brand. 2 points QUESTION 2 A benefit with mail sampling is that ____________. a. it works best with heavy goods b. certain zip-codes can be targeted c. it can be sent with push money to consumers d. it gives...
usion (24 points) Two firms are playing a repeated Bertrand game infinitely, each with the same marginal cost 100. The market demand function is P-400-Q. The firm who charges the lower price win...
usion (24 points) Two firms are playing a repeated Bertrand game infinitely, each with the same marginal cost 100. The market demand function is P-400-Q. The firm who charges the lower price wins the whole market. When both firms charge the same price, each gets 1/2 of the total market. I. Coll A. (6 points) What price will they choose in the stage (only one period) Nash equilibrium? What price will they choose if in the stage game (only one...
1. There are several scenarios described below. For each of them, do the following (note: R.V....
1. There are several scenarios described below. For each of them, do the following (note: R.V. means random variable) (1) Define the R.V.--- that means something like, “Let X be the number of people who....." (2) Define the distribution and parameter(s) of the R.V. (3) Give the support of the R.V. (4) Write the probability statement related to the information being sought. Do not calculate the probability. a) The Bureau of Motor Vehicles in Michigan states that 4 out of...
ABC Corporation has hired you to help with their accounting. ABC is a wilderness adventure company...
ABC Corporation has hired you to help with their accounting. ABC is a wilderness adventure company in Whitehorse, YT. They operate from May 1st to September 30th each year, providing tourists with guided wilderness adventures. The owner, Daniel, asks you to help develop pricing for the new season because last year he made less money then he thought. Daniel gives you the following information he used to come up with pricing: Uses home office space Hires a university student as...
Questions: 1. What trends are happening as it relates to consumer retail purchases, online vs. in-store?...
Questions: 1. What trends are happening as it relates to consumer retail purchases, online vs. in-store? 2. What challenges do traditional retailers face in trying to transition from in-store sales to online sales? 3. List and briefly describe at least three of the strategies that Target has implemented in its staffing system to better accommodate online sales. 4. What are the career implications of the trends described in this article? 5. From a consumer perspective, what are the relative advantages...
Please read the case provided below and answer the following question: In 2007, JetBlue was a...
Please read the case provided below and answer the following question: In 2007, JetBlue was a booming young airline with a strong reputation for outstanding service. In fact, the low-fare airline referred to itself as a customer service company that just happened to fly planes. But on Valentine's Day 2007, JetBlue was hit by the perfect storm-literally-of events that led to an operational meltdown. One of the most severe storms of the decade covered JetBlue's main hub at New York's...
THE COMPANY: MORE POWER, INC. More Power, Inc., is a large, local retail store specializing in...
THE COMPANY: MORE POWER, INC. More Power, Inc., is a large, local retail store specializing in the sale and service of hardware, tools, lawn and garden implements, and other materials for the home. More Power operates seven days a week, dawn to dusk. Approximately 120 employees work in distinct divisions within the store, including customer service/return desk; warehouse and delivery; service and repair; and three distinct sections focused on (1) hardware and tools, (2) lawn and garden and outdoors, and...
Mega-Mart, a discount store chain, wants to build a new superstore in an area in southwest Virginia near four small towns with expected daily number of customers between 970 and 2600. The coordinates (in miles) of these four towns and the expected daily number of customers in each are as follows: Coordinates Whitesburg Alton Ville Camburg Milligan 12 18 32 y 20 15 7 25 Expected daily number of customers 2600 1200 1830 970 30 a) (10 pts) Determine the...
Many grocery store chains ofer customers a card they can scan when they check out and offer discounts to people whoo so. To get the card, customers must give information, including a mailing address and e-mail address. The actual purpose is not to reward loyal customers but to gather data. What data do these cards allow stores to gather, and why would they want that data? What data do these cards allow stores to gather? Select all that apply A....
usion (24 points) Two firms are playing a repeated Bertrand game infinitely, each with the same marginal cost 100. The market demand function is P-400-Q. The firm who charges the lower price wins the whole market. When both firms charge the same price, each gets 1/2 of the total market. I. Coll A. (6 points) What price will they choose in the stage (only one period) Nash equilibrium? What price will they choose if in the stage game (only one...
1. There are several scenarios described below. For each of them, do the following (note: R.V. means random variable) (1) Define the R.V.--- that means something like, “Let X be the number of people who....." (2) Define the distribution and parameter(s) of the R.V. (3) Give the support of the R.V. (4) Write the probability statement related to the information being sought. Do not calculate the probability. a) The Bureau of Motor Vehicles in Michigan states that 4 out of...
Please read the case provided below and answer the following question: In 2007, JetBlue was a booming young airline with a strong reputation for outstanding service. In fact, the low-fare airline referred to itself as a customer service company that just happened to fly planes. But on Valentine's Day 2007, JetBlue was hit by the perfect storm-literally-of events that led to an operational meltdown. One of the most severe storms of the decade covered JetBlue's main hub at New York's...
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An object travels along...
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