Answer:
At its core, problem solving is a methodical four-step process. You may even recall these steps from when you were first introduced to the Scientific Method.
First, you must define the problem. What is its cause? What are the signs there's a problem at all?
Next, you identify various options for solutions. What are some good ideas to solve this?
Then, evaluate your options and choose from among them. What is the best option to solve the problem? What's the easiest option? How should you prioritize?
Finally, implement the chosen solution. Does it solve the problem? Is there another option you need to try?
Explanation:
Creative Problem Solving Techniques
Separate ideation from evaluation. When you brainstorm creative ideas, have a separate time for listing it all down. Focus on generating lots of ideas. Don't prioritize or evaluate them until everything is captured.
Judging will shut it down. Nothing stops the flow of creative ideas faster than judging them on the spot. Wait until the brainstorming is over before you evaluate.
Restate problems as questions. It's easier to entice a group into thinking of creative ideas when challenges are stated as open-ended questions.
Use "Yes and" to expand ideas. Here's one of the basic tenets of improv comedy. It's way too easy to shut down and negate ideas by using the word "but." (i.e. "But I think this is better...") Avoid this at all costs. Instead, expand on what was previously introduced by saying "Yes, and..." to keep ideas flowing and evolving.
Answer: Restructuring cost
Explanation:
Restructuring cost could be described as making expenses on rejuvenating or reviving or rebranding the company through spendings, which affects most of it's mode of operations, brings a change and innovation and ways to improve existing methods. This is capital intensive due to the work and changes required during the process.
Answer:
Work out a plan with its financial intermediaries.
Explanation:
As mentioned in the question that Nguyen's Sporting Goods is having difficulty obtaining the credit, it needs to expand. The company should <u>work out a plan with its financial intermediaries</u>, in order to alleviate its financial situation. Because as we all know that a financial intermediary is a financial institution as well. So the company has to create a plan with there financial institution.
Answer and explanation:
Sender: Target creates a Back-to-School Campaign
Transmitter Encodes: Advertising agency creates print ad
Communication Channel: Ad runs on local Sunday newspaper
Receiver Decodes: Melissa buys the paper and plans to go shopping for her children's supplies
Feedback: Store traffic increases
Target is the maker of the Campaign and intends to create an advertisement to communicate its offering hence it is the Sender. The Advertising agency, upon Target’s intentions, create the print ad, hence encodes the same as Transmitter. The channel of communication so chosen is that of the Newspaper hence ad runs on Sunday newspaper. The receiver is the target audience, here, Melissa who decodes and acts upon the same by going for shopping for her children’s supplies. The feedback is given by way of increase in Store traffic by the Target audience.
Answer:
You get a return rate of 162.06%
Explanation:
You start off with 1 mil in profit, but you must then add the inflation rate. It says inflation increases by 3% each year, so you cannot just take 15% of it but rather take away 3% the first year, increase it to 6% the next year, 9% the third year, 12% the fourth year, and 15% the last year.
for example, 1,000,000 * .97 = 970,000
then take 970,000 and multiply by .94 to get 911,800.
Then, continue until you get to .85 to get:
620,644.024. Because you want to find how much you made, you put 1,620,644.024 and divide by the original amount 1,000,000 to get approximately 162.06%.
