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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Answer:
Protected status
Explanation:
In simple words, the trade secret is said to be protected when it has an economic value to the founding company or the company handling it and anyone who is exposed to the information regarding that is legally bound to not to disclose it.
Thus, from the above we can conclude that the given scenario indicates protected status.
The impact of a retail shopfitting strategy is that it ensures that the retail store attracts and engages the customers.
<h3>What is retail shopfitting?</h3>
Retail shopfitting is the use of colors, displays, and various fittings as a strategic business move and attractively fitting the retail shop, ensuring:
- Increased visual impact
- Customers find your store
- Increased customer sales
- The communication of retail brand
- Improved business performance and profitability.
Thus, the impact of a retail shopfitting strategy is that it ensures that the retail store attracts and engages the customers.
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A strategic alliance is a partnership in which two or more companies (often from different countries) join together and share the risk and costs in order to undertake a major project. Although the parties still operate as separate entities they have a partnership to accomplish their goals. These are mutually beneficial to all involved, collaborating together, but maintaining their own business allows them to both succeed.
For a person who travels often, the main consideration in purchasing a computer would be portability.
What does portability mean in it?
If a computer program can be used in an operating system other than the one it was designed for without requiring extensive rewriting, it is said to be portable. The process of porting entails carrying out any work required to enable the computer software to function in the new setting.
What are the most important considerations when comparing computer systems?
The speed and storage capacity of the computer are among the more crucial factors. These factors are categorized under the term "computer specifications," which is used to describe how well a computer will function.
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