Answer:
Expected value of profit = -3750 + 2,000 + 2,500 + 0
Explanation:
<em>The expected value of is the sum of the possible profit under different outcomes multiplied by their respective probabilities</em>
Profit Prob P× Profit
(15000) × 0.25 = -3750
20,000 × 0.1 = 2,000
25,000 × 0.1 = 2,500
0 × 0.55 = <u> 0_____</u>
Expected value of profit = <u> 750</u>
Expected value of profit = -3750 + 2,000 + 2,500 + 0
= $750
<em>Note the figures given are stated as profits and not revenue. So we do not make use of the investment cost of $20,000</em>
Answer:
The firm forget to take Competitive landscape
Explanation:
development of a brand new name is essential in business because it serves as the identity that the business carries along, it includes the name as well as the brand logo that identifies the company from other compititors. It involves some steps such as checking the domains name that is available,screening out problematic names,Competitive landscape step, launching of the brands.
In the case of the question, the step the firm forget to take before moving on to screening out problematic names is Competitive landscape step.
Competitive landscape step helps to foresee the strength as well as other information about other compititors in the industry such as direct and indirect compititors.
Answer: market development
Explanation: In simple words, market development refers to a strategy under which an organisation tries to identify and develop a new market for gaining an absolute competitive advantage.
In the given case, Alfredo 's pizza has been realizing that the population of senior citizens has been increasing. Therefore they start making products as per the needs of their new customer base.
Hence from the above we can conclude that the company is using market development strategy for their growth.
Answer: Prospecting stage
Explanation:
The prospecting stage is one of the first step in the personal selling process which basically used for identifying the efficient consumers and also developed the customer database in the system for the purpose of communication.
The prospecting stage is basically refers to the database, social contacts, various types of trading show that are used for locating the potential consumers according to the requirement.
Therefore, Prospecting stage is the correct answer.
In order to help the
student expand his/her knowledge I will help answer the question. This in hope
that the student will get a piece of knowledge that will help him/her through
his/her homework or future tests.
The efforts to recruit
members of subordinate groups for jobs, promotions, or educational
opportunities are called affirmative action. The correct choice is letter
b. affirmative action
I hope it helps,
Regards.
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