1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ch4aika [34]
3 years ago
11

Sales this year at Donna's Pawn Shop have been high, and based on several factors, Donna projects next year's sales to also be g

ood. However, even with her forecast of continued strong sales, Donna and her business partner need to develop a plan in case sales drop unexpectedly. ________ is the type of planning for alternative future conditions.A. Contingency planningB. A managerial pactC. Background planningD. A vision planE. Trend analysis
Business
1 answer:
likoan [24]3 years ago
7 0

Answer:

A. Contingency planning

Explanation:

Contingency planning refers to the an approach in forecasting unexpected events by developing an action plan to appropriately respond to such threats. In this scenario, despite that the company expects favourable sales in the future, it is planning to face an unexpected drop in sales.

You might be interested in
How and Why Can Complexity Theory be Applied by Managers to Implement Strategic Change?
REY [17]

Answer: C

Explanation:

6 0
1 year ago
The best mechanisms known today for efficiently providing goods and services are:
ad-work [718]
The cant Understand It sorry
So I just Gonna Go to google search
Wait me for a minute aaaaaa
4 0
3 years ago
You are the manager of a firm that manufactures front and rear windshields for the automobile industry. Due to economies of scal
Leya [2.2K]

Answer:

a. The optimal pricing strategy will be one-shot Nash equilibrium in which “You” charge low price, “Your Rival” charge low price and then the payoff is ($0, $0)

b. Yes, the anwer will differ becuase it is not possible to sustain the collusive outcome as a Nash equilibrium because \pi ^{Cheat} > \pi ^{Cooperate}.

Explanation:

a. Determine your optimal pricing strategy if you and your rival believe that the new Highlander is a "special edition" that will be sold only for one year.

Note: See the attached excel file for the Representation of one shot normal for of the game played between "You" and "Your Rival" together with the payoffs.

From the attached excel file, the dominant strategy is for “You” and “Your Rival” to charge “Low Price” each. If the dominant strategy is played by “You” and “Your Rival”, the optimal pricing strategy will be one-shot Nash equilibrium in which “You” charge low price, “Your Rival” charge low price and then the payoff is ($0, $0).

b. Would your answer differ if you and your rival were required to resubmit price quotes year after year and if, in any given year, there was a 60 percent chance that Toyota would discontinue the Highlander? Explain.

When we have a year-after-year competition between “You” and “Your Rival” but with a 60 percent chance that Toyota would discontinue the Highlander, the payoffs of the firm that continue to comply with the collusive strategy of charging “High Price” by each firm under the normal trigger strategy whereby “You” and “Your Rival” agree to charge high price as long as there is no past deviation by any of the firm, otherwise charge a low price is as follows:

\pi ^{Cooperate} = $6 + $6(100% - 60%) + $6(100% - 60%)^2 + 6(100% - 60%)^2 …….

\pi ^{Cooperate} = $6 / 6% = $10

Therefore, what the firm that cheats earn today is $11 million and it earns $0 forever. The implication of this is that \pi ^{Cheat} = $11

Therefore, the anwer will differ becuase it is not possible to sustain the collusive outcome as a Nash equilibrium because \pi ^{Cheat} > \pi ^{Cooperate}.

Download xlsx
7 0
2 years ago
A waiter believes the distribution of his tips has a model that is slightly skewed to the left​, with a mean of ​$8.90 and a sta
postnew [5]

Answer:

A. 0.3204    B. $14.669

Explanation:

Mean = 8.9      SD = 4.5

Required probability = P (X >/= 550/50)

P(X>/=11) = 1 - P[(X - mean/SD) < (11 - mean)/SD]

              = 1 - P(Z < (11-8.9)/4.5)

P(X>/=11) = 1 - P(Z < 0.4666667)

Using Excel NORMDIST(0.4666667,0,1,1)

P(X>/=11) = 1 - 0.6796 = 0.3204

The probability that she will earn at least $550 = 0.3204

b. P ( X  >  x )  =  0.10

1  −  P ( X  −  mean)/SD  ≤  (x  −  mean) /SD = 0.10

P ( Z  ≤  z )  =  0.90

Where,

z  =  (x  −  mean )/SD

Excel function for the value of z:

=NORMSINV(0.9)

=1.282

Hence (x - mean)/SD = 1.282

= (x - 8.9)/4.5 = 1.282

x = (1.282*4.5) + 8.9

x = 14.669

He earns $14.669 on the best 10% of such weekends.

3 0
3 years ago
Your uncle has $375,000 and wants to retire. He expects to live for another 25 years and to earn 7.5% on his invested funds. How
Alex777 [14]

Answer:

d. $33,641.50

Explanation:

In this question, we use the PMT formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Present value = $375,000

Future value = $0

Rate of interest = 7.5%

NPER = 25 years

The formula is shown below:

= -PMT(Rate;NPER;PV;FV;type)

So, after solving this, the answer would be $33,641.50

5 0
3 years ago
Other questions:
  • Honeywag common stock is expected to pay $1.85 in dividends next year, and the market price is projected to be $42.50 per share
    9·1 answer
  • A local portrait photographer currently employs 2 helpers for the busy Fall season. With two helper she can produce 450 packets
    13·1 answer
  • After years of using a mass marketing strategy, Digital Print Shops has responded to new competition from national chain stores
    13·2 answers
  • A Canadian subsidiary of a U.S. parent firm is instructed to bill an export to the parent in U.S. dollars. The Canadian subsidia
    5·1 answer
  • What does WMT mean in the stock market?
    14·1 answer
  • Company Z has 2.1 million shares of common stock authorized with a par value of $1 and a market price of $52. There are 1.05 mil
    15·1 answer
  • Compare tracking in affiliate marketing to that of e-mail and online advertising. What are the similarities?
    6·1 answer
  • Rugen Inc., a hospitality chain, hired a large number of military veterans in the hope that it would help put the business in a
    6·1 answer
  • Which of the following is true of the BCG matrix approach. A) It is inexpensive to implement. B) It does not consider relative m
    10·1 answer
  • Cholula hot sauce, a mexican made chili-based sauce brand, is introducing a new hot sauce flavor and wants to use its owners’ un
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!