Answer:
A. Two alternatives
Explanation:Alternative one : not to do anything, and run the risk of losing entire crop worth of $75,000.
Alternative two : to insulate his crop by spraying water at cost of $20,000 and succeed in saving the crop with five possible outcomes as given in attached file.
Net result or expected loss for atternative one is = .40*0 + .6*75000 = $45,000
Net result or expected loss for alternative two is = Cost-20000 + expected loss = 20000 + .3*0 +.15*5000 + .10*1000 +.15*15000 + .30*20000 = 20000+10000 = $30,000
B. Expected loss is less in case of alternative two, therefore farmer is advised to go for spraying water.
C. Highest cost for insulating the crop is (45000 - 10000) = $35,000 (Differnce between the expected loss under the two options)
D. In case the probability of freezing is at the lowest level of .40, then loss under alternative one is = .4*75000 =$30,000 . With higher levels of probabilities the expected loss is bound to be more. Therefore the decision to go for spraying water holds good.
E. As explained earlier as long as cost of insulation is less than the difference between the expected losses between options, it is recommended to go for spraying water.
Answer:
Self selection.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.
In this scenario, advertising relies on self selection.
Answer:
Option D The most complete model in the world is still only a partial reflection of organization reality.
Explanation:
The reason is that the paper works are partial reflection of organization until you visit the organization daily, notice the staff behavior, their key norms, their stories, their decision making attitudes, etc. These all things are not reflected in papers. The project must have a subjective and objective factors which aligns with the organization's values, policies, etc.
The statement indicates the excessive research about the project implementation. The post and pre-audit of the plans and procedures which are controllable by the organization. The project must also have space for the changes which a good project appraiser will be looking for.
Groceries are still primarily a bricks-and-mortar industry. Bricks-and-mortar refers to the building that the store is housed in, most people can handle their book reading, music listening and banking online these days however, with the exception of ordering groceries online you still need to venture into the store to pick or purchase them.