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Oliga [24]
3 years ago
8

Your co-worker, the operations manager of Blue Ocean Seafood Restaurants, has pointed out a slight decline in diners ordering an

d eating the chain's famous cheesy butter biscuits. The head of product development has a theory that people want lighter options today, and she has recommended test marketing a lower-fat version of the biscuits at select locations in eight major cities across the United States. As the marketing director, how do you respond
Business
1 answer:
cluponka [151]3 years ago
4 0

Answer:

You agree that test marketing could be helpful, but you point out that it may also reveal your ideas to your competitors.

Explanation:

In the give scenario the existing famous cheesy butter biscuits sales are going down. In an effort to increase the revenue of the business the head of product development has a theory that people want lighter options today, and she has recommended test marketing a lower-fat version of the biscuits at select locations in eight major cities across the United States.

This is an innovative solution to the problem and the head of product development should be encouraged to drive the test marketing.

However marketing a lower-fat version of the biscuits at select locations in eight major cities will expose the strategy to competitors. It will be better to conduct the test in a more controlled environment away from competitors.

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Major retail firms such as Walmart have used data mining to customize the product offerings for each store.
Gwar [14]
Answer
False
Explanation
Data mining is the process of turning raw data into useful information
3 0
3 years ago
Read 2 more answers
Daily demand for a product is 160 units, with a standard deviation of 35 units. The product is ordered on a pre-established (fix
egoroff_w [7]

Answer:

2686

Explanation:

Given that :

Daily demand (D) = 160

Standard deviation (s) = 35

Review period (T) = 5 days

Lead time (L) = 10 days

Number in stock (I) = 30 units

Service probability α = 99%

Quantity to order Q;

Q = D(T + L) + Z*s + √(T + L) - 1

Zscore p(Z < 0.99) = 2.326 = 2.33(Z probability calculator)

Q = 160(5 + 10) + 2.33 * 35 * √(10 + 5) - 30

Q = 160(15) + (2.33 * 35 * 3.8729833) - 30

Q = 2400 + 315.841788115 - 30

Q = 2685.841788115

Q = 2686

5 0
3 years ago
Would You Rather? Part: 7
grigory [225]
Owl
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Twilight
When so I could spend time with them before they do die
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5 0
3 years ago
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Your boss has told you to hire four more people to help you keep track of inventory. What kind of need is this
Fynjy0 [20]
I would say thats a business operations need!

Hope this help! :)
7 0
3 years ago
Types of Businesses a. Indicate whether each of the following companies is primarily a service, retail, or manufacturing busines
noname [10]

Answer:

a) Indicating whether the companies are a service, retail, or manufacturing business.

1. Alcoa Inc. : Manufacturing Business

2. Boeing : Manufacturing Business

3. Caterpillar : Manufacturing Business

4. Citigroup Inc. : Service Business

5. CVS : Retail Business

6. Dow Chemical Company : Manufacturing Business

7. eBay Inc. : Service Business

8. FedEx : Service Business

9. Ford Motor Company : Manufacturing Business

10. Gap Inc. : Retail business

11. H&R Block : Service Business

12. Hilton Hospitality, Inc. : Service Business

13. Procter & Gamble : Manufacturing Business

14. SunTrust : Service Business

15. Wal-mart Stores, Inc. : Retail business

b) The accounting equation serves as a foundational block for the accounting system of all companies therefore it is relevant to all businesses.

Explanation:

4 0
3 years ago
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