Answer:
75%
Explanation:
Calculation to determine the four-firm concentration ratio for the dishware industry
Four-firm concentration ratio =18%+32%+11%+14%
Four-firm concentration ratio=75%
Therefore the four-firm concentration ratio for the dishware industry is 75%
Answer:
1. A niche market will be targeted. This market will purchase shoes with high quality raw material and the finished goods are also luxurious. Price will be high for the shoes which will be affordable for the niche class of market.
2. The brand name will be Luxo Shoes. This name will be self explanatory about its luxurious shoes. Also a tag line can be added to increase the clarity for eg. Fit for a Prince/Princess.
3. The business will be selling high quality and beautiful shoes that will be able to attract all the shoes lovers and will be targeted to the niche class.
4. Promotional Tools
Advertising.
Advertisement with a well known actor will enable the fans of the actor to purchase shoes.
Sales Promotions
Adding a 20% opening discount will gain those who like to buy products when they are on discounts.
Publicity
Targeted publicity to reach the niche class by adding pamphlets in newspapers and distributing in rich locality.
Explanation:
1. A niche market will be targeted. This market will purchase shoes with high quality raw material and the finished goods are also luxurious. Price will be high for the shoes which will be affordable for the niche class of market.
2. The brand name will be Luxo Shoes. This name will be self explanatory about its luxurious shoes. Also a tag line can be added to increase the clarity for eg. Fit for a Prince/Princess.
3. The business will be selling high quality and beautiful shoes that will be able to attract all the shoes lovers and will be targeted to the niche class.
4. Promotional Tools
Advertising.
Advertisement with a well known actor will enable the fans of the actor to purchase shoes.
Sales Promotions
Adding a 20% opening discount will gain those who like to buy products when they are on discounts.
Publicity
Targeted publicity to reach the niche class by adding pamphlets in newspapers and distributing in rich locality.
Answer:
Explanation:
Following things should be in mind for selecting the institute:
The university from which he is going to do his masters is somewhere connected to the technical line is better as he can learn management skills while also practicing on technical skills.
One can also keep in mind the distance of the college as it would add a expense on his pocket. it also saves time when the college is near.
The college should be under budget as it should not also over-budget for you.
The college should also be affiliated with any reputed university so as it would give the knowledge as well as exposure to one's career.
Answer:
Minimum Expected opportunity loss is design A = $241,500
Explanation:
Designs Revenues probability expected Revenue
A $120,000 0.3 $36,000
$255,000 0.5 $127,500
$390,000 0.2 $78,000
Total 241,500
B $130,000 0.3 $39,000
$295,000 0.5 $147,500
$460,000 0.2 $92,000
Total 278,500
C $100,000 0.3 $30,000
$300,000 0.5 $150,000
$480,000 0.2 $96,000
Total 276,000
Design A and Design C are both opportunity losses but between the two opportunity losses Design A is the minimum expected opportunity Loss.