Answer:
C) exploratory research
Explanation:
When the problem is not clearly defined, investigators usually use exploratory research. In this case, what does it mean for a pastry to be successful: has good taste, sells a lot, increases revenue, is profitable, how can it be improved, etc.
There are simply too many options that can define if a product is successful or not. This is why Adeeb's team prepared a survey that include questions that were not that specific. Why do you like or dislike the pastry? If the pastry's price is X would you buy it, if its price is Y?
The purpose of exploratory research is to better understand and gain knowledge about the problem, but it is really difficult for this type of research to provide a definite conclusion or answer.
Answer:
Ranking method
Explanation:
Ranking method for performance appraisal is the oldest, and it involves the use of rankings in evaluating the performance of employees. Employees are usually organized depending on their worth; they are ranked in different categories from the highest performance to the lowest performance or from the best employee to the worst employee. This type of method compares between employees.
Answer:
Effectiveness = 0.75
Explanation:
Availability time for a each day = 10 hr = 600 minutes
Total time for fabricating is given as 90 minutes'
Total time to set up one part 10 minutes
Total parts made in each single day 5
Percentage of defective part 10%
Total production time for a single part = setup time + fabricated time
= 10+ 90 = 100 min
Production time for 5 part =5 × 100 = 500 minutes
Total number of defective parts = 10% of 5 = 0.5 parts
Time to replaced defective = 0.5 × 100 = 50 min
Value added time = 500 - 50 = 450 min
Effectiveness is given as
Effectiveness 
Effectiveness 
Answer:
Number of salads sold in that day = 93
Explanation:
Using algebra we have,
Let salad = X
Drinks = Y
Now Total units = 209
That means
X + Y = 209
Y = 209 - X
Also
6.5X + 2Y = 836.50
Putting above value of Y in this equation we have
6.5 X + 2(209 - X) = 836.50
6.5X + 418 - 2X = 836.50
4.5X = 836.5 - 418 = 418.5
X = 418.5/4.5 = 93
Therefore X = Salads = 93 in units
Number of salads sold in a day = 93 units
Answer:
The Customer Lifetime Value of firm A amounts to $41,405. Hence, the correct option is 3
Explanation:
The formula to compute the Customer Lifetime Value of firm A is:
Customer Lifetime Value of firm A = Average annual sales × Average Profit Margin × Uniform series PW ( Present Worth) factor
= $55,000 × 15% × 5.0188
= $41,405
where
Average annual sales is $55,000
Average Profit Margin is 15%
We need to find out this:
The formula to compute this:
Uniform series PW factor = ( 1 + i%) ^ n - 1 / i % × ( 1 + i%) ^ n
= ( 1 + 15%) ^ 10 - 1 / 15% × ( 1 + 15%) ^ 10
= (1.15 ^ 10 -1) / (0.15 × 1.15 ^10)
= 5.0188
