Answer:
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Based on the financial cost incurred if supply is disrupted and the probability that this happens, the number of suppliers the manager should use is Two (2) suppliers.
<h3>How many suppliers should be used?</h3>
If 3 suppliers are used, the probability of disruption would be:
= Probability of super event + (1 - Probability of super event) x Probability of unique event^ number of suppliers
= 5% + (1 - 5%) x 10%³
= 0.145
The payoff would be:
= 2 million x 0.145 + 30,000
= $191,900
With two suppliers:
= 2 million x (5% + (1 - 5%) x 10%²) + 30,000
= $169,000
With one supplier :
= 2 million x (5% + (1 - 5%) x 10%) + 30,000
= $320,000
The lowest cost is with 2 suppliers so this should be chosen.
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Economic dimension is the most significant principles of business
The economic component deals with all of the event firm's and the specific event's economic outputs and externalities. Event researchers are very interested in measuring values that vary from the simpler indirect benefits to the more difficult direct economic repercussions on the host community and the global economy. In the Baseline Evaluation, the organizational processes that have an impact on these values are examined.
Direct effects include observable values like money made from tourism revenues and employment created by the event's organizer. The necessity for a research-based approach to event evaluation is supported by the frequently contested nature of indirect impacts. Measurements of the catalytic or multiplier effects pertinent to the larger region hosting an event are among them.
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"<span>advent of globalization" The advent of globalization has sparked a trend of entrepreneurs.</span>
The answer is Entertainomercials.
This word is a combination of two words which are entertainment and commercials. Therefore, entertainomercials mean to characterize sales pitches that resemble entertaining programs.
In other words, when we pitch our sales by using the medium of entertainment media it is called entertainomercials.
Since in the given case, the spokesperson was designed to look like a cartoon character it becomes entertainomercials. As the sales pitch included a cartoon character which let's assume is famous.
Hence, when sales pitches resemble elements of prime-time programming, they are called entertainomercials.
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