Answer:
The answers are:
- Product variable
- Promotion variable
Explanation:
The marketing mix consists of 4 variables (4 Ps)
- Product
- Price
- Place
- Promotion
The product variable refers to the actual product or service being sold. In Apple´s case it refers to the products´ technical specifications (iOS, memory, speed, screen size, cameras, etc.).
The promotion variable refers to all the activities a company carries out to inform and persuade their potential customers about the benefits of buying a certain product. In Apple´s case they build up high expectations around their product launches.
Answer:
(a) : Profit = Selling price -purchase cost - labour cost -transportation cost
Profit per unit for the base-case = 45 - 11 - 24 - 3 = $ 7 / unit
Profit per unit for the worst-case = 45 - 12 - 25 - 5 = $ 3/ unit
Profit per unit for the best-case = 45 - 10 - 20 - 3 = $ 12 / unit
b) based on simulation model mean profit = 45 - 11 - 24 - 5 = $ 5/ unit and 45 - 10 - 25 - 3 = $ 7 / unit
(c) : Simulation approach will provide a distribution of the profit per unit values. By calculating percentage of simulation trials provide us profit in what-if scenario.
d) As evaluated above, based on simulation model, minimum profit is $ 5/ unit. Hence management's belief of non-sustainability of project is right. Less than $ 5 / unit profit scenario is unacceptably low.
Explanation:
simulaton model for b is in the attachment below.
Answer:
Option (a) is correct.
Explanation:
Coffee and cream are complimentary goods because they are used together to satisfy a given want. Complimentary goods are having negative cross price elasticity of demand which means that if the price of coffee goes up then as a result the quantity demanded for cream goes down and if the price of coffee goes down then as a result the quantity demanded for cream goes up.
A Teamwork is affected by lack of diversity
Answer:
a decrease of $50 million.
Explanation:
Calculation to determine what the maximum change in the money supply is:
Using this formula
Maximum change in the money supply=Federal Reserve /Reserve requirement
Let plug in the formula
Maximum change in the money supply=$10/20%
Maximum change in the money supply=$50 million Decrease
Therefore the maximum change in the money supply is: a decrease of $50 million.