Many people assume that personality must be related to consumer behavior. Knowing a customer's personality profile should help predict what she or he will buy, and how decisions will be made in the marketplace. Researchers, however, have been frustrated in their search for a unified theory of personality that would explain consumer behavior. Use trait theory to explain why this is so. (There are 6 specific problems)

how can I balance my emotions and reasons when I'm making an critical thinking decision

Identify an aspect of employment law( things like equal pay, exempt status, minimum wage, anti-discrimination, affirmative action, union protections or whatever you like) that you consider the most unnecessarily burdensome to employers and explain and defend your choice.

Zhou Bicycle Case Study

Zhou Bicycle Company, located in Seattle, is a wholesale distributor of bicycles and bicycle parts. Formed in 1991 by University of Washington Professor Yong-Pia Zhou, the firm’s primary retail outlets are located within a 400-mile radius of the distribution center. These retail outlets receive the order from ZBC with 2 days after notifying the distribution center, provided that the stock is available. However, if an order is not fulfilled by the company, no backorder is placed; the retailers arrange to get their shipment from other distributors, and ZBC loses that amount of business. The company distributes a wide variety of bicycle. The most popular model, and the major source of revenue to the company, is the AirWing. ZBC receives all the models from a single manufacturer in China, and shipment takes as long as one month from the times an order is place. With the cost of communication, paperwork, and customs clearance included, ABC estimates that each time an order is place, it incurs a cost of $65. The purchase price paid by ZBC, per bicycle, is roughly 70% of the suggested retail price for all the styles available, and the inventory carrying cost is 1% per month (12% per year) of the purchase price paid by ZBC. The retail price (paid by the customers) for the AirWing is $170 per bicycle. ZBC is in interested in making as inventory plan for 2019. The firm wants to maintain a 97% service level with is customers to minimize the losses on the lost orders. A forecast for AirWing model sales in 2019 has been developed and will be used to make an inventory plan for ZBC.

DEMAND FOR AIRWING MODEL

Discussion Questions

Develop an inventory plan to help ZBC:

1) Determine the simple EOQ, assuming constant demand throughout the year (which obviously is not true; to be dealt with later).

2) Calculate the annual inventory cost under this EOQ policy (carrying cost plus ordering cost).

3) Assuming that that the demand is variable (with the mean of 36.58 and the standard deviation to be calculated by you), use the relevant formula in the powerpoint file and calculate the ROP.

4) Calculate the annual cost of holding the safety stock throughout the year and add it to the cost in p. 2 above. This is your total annual inventory cost.

5) Plot the projected future bicycle sales (use Excel) and evaluate the nature of the demand. As mentioned above, it is obviously not constant throughout the year.

6) Segment the planning horizon into three separate intervals:

a) January, February, and March

b) April, May, June, and July

c) August, September, October, November, and December

(Note: other segmentations are also possible, e.g., precisely by the quarters, etc., but please use the one I am suggesting).

7) Repeat the analyses from Q1.-Q4 above, separately for each of the three segments. Of course, you will have to adjust the planning horizon accordingly.

8) Calculate the total cost across the three segments thus producing the total annual inventory cost.

9) Compare it against the cost in Q4 above. Which approach is better and why? Provide a full rationale for your answer.

According to Warren Buffet how could the company threadless's brand function as a moat to protect them competitors?  What can they do to ensure that their is a more effective moat in the future?

My paper is part of the experimental management class, in the paper I included a SWOT Analysis, Financial Review, Marketing Strategy & Economic Review, Organizational Structure and Recommendations. write a paragraph of a thesis statement of Nike Inc.

What is Ricoh Canada Inc.’s situation? Prepare a SWOT analysis to analyze its internal strengths and weaknesses and its external opportunities and threats? How attractive are its specific market opportunities?

As the production planner for Xiangling Hu​ Products, Inc., you have been given a bill of material for a bracket that is made up of a​ base, 1 springnothing​, and 3 clamps. The base is assembled from 1 clampnothing and 1 housingnothing. Each clamp has 1 handle and 2 castings. Each housing has 2 bearings and 1 shaftnothing. There is no inventory on hand. This exercise contains only parts b and c. The product structure is as​ follows: Bracket Base Subscript left parenthesis 1 right parenthesis Clamp Subscript left parenthesis 1 right parenthesis Handle Subscript left parenthesis 1 right parenthesis Casting Subscript left parenthesis 2 right parenthesis Spring Subscript left parenthesis 1 right parenthesis Housing Subscript left parenthesis 1 right parenthesis Shaft Subscript left parenthesis 1 right parenthesis Clamp Subscript left parenthesis 3 right parenthesis Bearing Subscript left parenthesis 2 right parenthesis Handle Subscript left parenthesis 1 right parenthesis Casting Subscript left parenthesis 2 right parenthesis ​b) Determine the gross quantities needed of each item if you are to assemble 50 brackets. ​Base: nothing units ​(enter your response as a whole number​). ​Spring: nothing units ​(enter your response as a whole number​). ​Clamp: nothing units ​(enter your response as a whole number​). ​Housing: nothing units ​(enter your response as a whole number​). ​Handle: nothing units ​(enter your response as a whole number​). ​Casting: nothing units ​(enter your response as a whole number​). ​Bearing: nothing units ​(enter your response as a whole number​). ​Shaft: nothing units ​(enter your response as a whole number​). Enter your answer in the edit fields and then click Check Answer

Does the notion of talent management relate to the shift from classical to global management? Why or why not

Strategic Management Edition 4. - Frank T. Rothaermel

IKEA - Chapter 10

Ingvar Kamprad’s influence over IKEA may have even been stronger than that of Sam Walton over Walmart because IKEA is a privately held company, whereas Walmart is a public company (since 1970). Walmart entered a period of difficulties after Sam Walton stepped down (in 1988 at age 70). Do you think IKEA had similar difficulties after it endured a similar leadership transition in 2013, when Ingvar Kamprad stepped down? Why or why not?

stating why false negative matters to you stating why false positive matters to you

You are operating a small ice cream truck. Each day you visit a different neighborhood and spend the day there. In every neighborhood you face a different competition with varying number competitors and average prices. Up to know you did not make any price change by neighborhood. Observing that your demand varies between neighborhoods, and since now you know how to estimate regressions, you decided to use your knowledge to perform a quantitative analysis. Namely, you collected the data attached in files. (HW3Q2Data)

a.) Scatter your demand on each of the variables.

b.) Begin with a model, by adding and subtracting variables select the best one. (Hint, begin with all) At each step, copy and paste only the Regression Statistics part of your result table (R2, Adjusted R2 etc. top part of result table)

c.) What is your estimated final result? (Copy and paste all result table from Excel)

d.) Is the model significant at 1%?

e.) Which variables are significant at 5% and at 1%?

Not every new item that McDonald’s rolls out is an instant success. Periodically during the past 50 years, McDonald’s has offered some products that just didn’t catch on with customers. One example is McWings, which was rolled out to stores for a short time in 2013 and then disappeared from the menu. The company didn’t give a reason for discontinuing the product and there were no known supply or production problems associated with McWings. But many observers noted that the cost of the McWings ($2.99 for 3 wings) did not offer the value that McDonald’s customers normally expect. Based on the information above, what two phases of product development did McDonald’s likely misjudge?

The XYZ Company plans to allocate some or all of its monthly advertising budget of $75,000 in the Mankato area. It can purchase local radio spots at $120 per spot, local TV spots at $500 per spot, and local newspaper advertising at $260 per insertion.

     The company's policy requirements specify that the company must spend at least $30,000 on TV and allow monthly newspaper expenditures up to $15,000. The company’s internal policy also requires that the company must buy at least 100 radio spots.

The payoff from each advertising medium is a function of the size of its audience. The general experience of the firm is that the values of insertions and spots in terms of "audience points" (arbitrary unit), are as given below:

        ---------------------------------------------------------------------------

         Radio                            150 audience points per spot

         TV                                180 audience points per spot

         Newspapers                   280 audience points per insertion

        ---------------------------------------------------------------------------

Let x1 = no. of Radio spots to be purchased,

        X2 = no. of TV spots to be purchased, and

        X3= no. of Newspaper insertions.

Max    150x1+ 180x2 + 280x3

s.t.

      (1)      120x1 + 500x2 + 260x3 <= 75,000     (Advertising Budget)

      (2)                      500x2                  ≥ 30000      (Expenditure on TV)

          (3)                                      260x3 <= 15000      (Expenditure on Newspaper)

          (4)                  x1                            ≥   100         (Number of radio spots)

              X1, x2, x3 >= 0

LINEAR PROGRAMMING PROBLEM

MAX 150X1+ 180X2 + 280X3

Subject to:

1. 120X1 + 500X2 + 260X3 < 75000
2. 500X2 > 30000
3. 260X3 < 15000
4. 1X1 > 100

      OPTIMAL SOLUTION

      Objective Function Value =       67050.000

                Variable                   Value                   Reduced Costs

              -------------                 ---------                --------------------

                    X1                        375.000                     0.000

                    X2                          60.000                     0.000

                    X3                            0.000                   45.000

               Constraint               Slack/Surplus            Dual Prices

             ---------------            -------------------          ---------------

                      1                             0.000                          1.250

                      2                             0.000                        - 0.89

                      3                     15000.000                          0.000

                      4                         275.000                          0.000

  OBJECTIVE COEFFICIENT RANGES

      Variable               Lower Limit          Current Value            Upper Limit

   ---------------           ------------------      -------------------      ----------------------

            X1                            129.231                   150.000           No Upper Limit

            X2                 No Lower Limit                 180.000                        625.000

            X3                 No Lower Limit                 280.000                        325.000

RIGHT HAND SIDE RANGES

       Variable               Lower Limit          Current Value            Upper Limit

   ---------------           ------------------      -------------------      ----------------------

            1                        42000.000               75000.000           No Upper Limit

            2                                0.000               30000.000                    63000.000

            3                                0.000               15000.000           No Upper Limit

            4                 No Lower Limit                 100.000                        375.000

19. Note that the audience points of TV is currently 180 per spot. If you want to improve
     the audience points of TV, what is the maximum allowable increase without affecting
     the current optimal solution? Show all your work. (4 points)

20. Suppose that the company’s policy specifies that the company must spend at least   
      $40,000 on TV instead of $30,000. Answer the following questions by showing all
      your work.

    (a) What will happen to the dual price? Justify your answer by showing all your
      work.

   (b) Compute the total audience points (OV) if there is any change. Explain clearly by
      showing all your work.