Sous-la-Table is a small wine shop selling many imported products.   One of their biggest year-round sellers is a Tuscan Chianti called TroppodalVino, with a weekly demand of 40 bottles on average and a weekly standard deviation of 18 bottles. Bottles take 9 weeks to arrive from Italy.   Sous-la-Table estimates their annual holding costs for wine is $2 per bottle, and they aim to have a 90% service level.

1. If Sous-la-Table can order TroppodalVino at will (remembering that it still takes a while to get a delivery in), at what inventory level should they reorder?
2. If nothing else has changed but it turns out that Sous-la-Table can only place orders for TroppodalVino at the start of every business trimester (effectively 16 weeks, as they close for August), how much should they reorder on Sept 1st, when the inventory level is 400 bottles?
3. What is the chance they will run out of TroppodalVino before this order will arrive in November?
4. What is the annual difference in safety stock costs between the 2 ordering policies?

Do you believe technological innovations are crucial today? What is the best way to allocate a company’s capital into innovation?

Suppose that a manufacturer of men’s shirts can produce a dress shirt in its Detroit, Michigan

plant for $8 per shirt (including the cost of raw materials). Chicago is a major market for 100,000

shirts per year. The shirt is priced at $15 at the Detroit plant. Transportation and storage charge

from Detroit to Chicago amount to $5 per hundredweight (cwt.). Each packaged shirt weighs 1

pound.

As an alternative, the company can have the shirts produced in Taiwan for $4 per shirt

(including the cost of raw materials). The raw materials, weighing about 1 pound per shirt, would

be shipped from Detroit to Taiwan at a cost of $2 per cwt. When the shirts are completed, they

are to be shipped directly to Chicago at a transportation and storage cost of $6 per cwt. An

import duty of $0.50 per shirt is assessed.

a. From a logistics-production cost standpoint, should the shirt be produced in Taiwan?

b. What additional considerations, other than economic ones, might be considered before making

a final decision?

Please show all steps and calculations. Need this done urgently

What is meant by research problem?
What are the categories of problems?
How can the research problem be delimited?
How important is the objective(s) in an investigation?

List the phases of the consumer decision making process.

If you were a marketer for a condo time-share business and consumers could change their minds in the first 7 days after purchase for a full refund due to a government mandate.

Which phase would be critical to your business success?

Why?

What actions would you take to mitigate risk in this critical stage?

Harley Works to Draw in Younger Riders With motorcycle sales in a slump, Harley-Davidson is boosting its efforts to attract more young riders. Harley has been a high-end, aspirational brand for motorcycle riders for several decades, their image and product line resonating with Baby Boomers and Generation X riders. With those rider groups aging, Harley has seen its sales decline in recent years.

To help attract younger riders, in 2018, Harley is revamping its product development process, focusing on models that appeal to young adults, women, and minorities—in addition to its core market of older white men. This leads to a focus on smaller, more affordable bikes. Fitting this direction is the development of the street class of motorcycles, which are designed for urban riding and have a narrower chassis compared to other Harley models and start at less than $7,000. To improve their cost basis, Harley has also revamped its procurement process to look for more cost efficient global suppliers and has even shifted some of its manufacturing to India. Harley also sees the need to reorient its marketing to connect with younger riders, including shifting marketing activities from general market advertising to local, dealer-centric social activities. In short, the firm sees the need to undertake change across its value chain.

Progress to date is mixed. Younger riders are less likely to ride motorcycles, but Harley argues that the percentage of young riders who opt for a Harley is actually higher than it was with prior generations. Whether Harley will be able increase the number of younger riders is the key to its long-term sales potential.

Please address the following questions:

1. Will Harley be successful in drawing in younger riders? Why/why not?
2. What other parts of the value chain could Harley revamp to better serve the needs of younger riders? Please explain.

3. Explain what is the economic relationships with other countries?

Great University is planning to build a new parking deck for increasing the number of parking spaces for its faculty members, staff, and students. Marcus Araujo is the Vice Chancellor (Business Affairs) at Great University. Mr. Araujo had hired Mala Iyer (a bachelor’s degree holder in Mathematics) as a Project Scheduler in December 2019. The proposal for the new project had to be given to the Board of Trustees by April 15th, 2020. As part of the project proposal, Mr. Araujo was planning to include a section on Costs and Budgets for the project.   

In his weekly meeting with Mala Iyer (on March 25th, 2020), Mr. Araujo asked her to give him the preliminary outline for the costs and budgets for the new parking deck project. Marcus Araujo then added “Mala, I know that you have not prepared costs and budgets in the past. However, I would like you to make an attempt to include the details of different types of project costs, direct and indirect costs, recurring and non-recurring costs, fixed and variable costs, normal and expedited costs, cost estimations, and project budget”.   
Mala, with not much of a background in accounting and business, was at a loss on where to begin. Help Mala Iyer by explaining the following concepts (including the limitations and advantages of using the different methods) as they relate to the new parking deck project:

a) Different Types of Project Costs.
b) Direct and Indirect Costs, Recurring and Non-Recurring Costs, Fixed and Variable Costs, and Normal and Expedited Costs.
c) Cost Estimations (Ballpark Estimates, Comparative Estimates, Feasibility Estimates, and Definitive Estimates).
d) Project Budgets (Top Down Budgeting, Bottom-up Budgeting, and Activity Based Costing).
e) Developing Budget Contingencies.
  

Bruce Ballard was a new lawyer fresh out of law school. He put an ad in a law journal seeking an opportunity with an experienced attorney so he could gain some trial court experience. Dawn Nagy responded to Bruce’s ad. Bruce referred three cases to Nagy’s office, drafted some documents, and conducted some depositions in Nagy’s cases. Ballard received some payments from Nagy but 5 years later, after the payments stopped, Ballard sued Nagy, alleging Nagy had proposed they work as partners in a law practice and share equally in the profits from the cases they worked on together. Ballard claimed they had an oral partnership agreement. Nagy alleged that since there was no evidence they shared earnings equally, that Ballard shared in law firm losses or expenses or that Ballard contributed capital, there was no evidence of a partnership. What should the court hold?

300 word minimum.

1. In the context of international business, briefly describe what is the effects of factor movements.

1. What is the theory of absolute advantage? Explain

Remember in a network type problem (transportation problem, transshipment problem, etc...) that nodes represent constraints and that the connections between nodes, arcs or routes, are variables.

In the transshipment nodes, you see Louisville is a transshipment node. In the constraint for Louisville, which variables have a negative sign in front and which have a positive sign?

• Introduction (1 to 2 paragraphs maximum)
• Purpose Statement (2 to 3 sentences)
• Analysis (3.5 to 4 pages maximum)
  • What purpose does an ethical climate serve, and why is it important to an organization?
  • How do biases impact our moral decision making? (Pick 2) (Please note: The biases that are required for this paper, are located in the Values, Ethics, and Character Chapter).
  • Provide an example of an ethical issue. Why is this issue unethical? What behaviors are occurring that are unethical?
  • How could the ethical issue have been avoided? In other words, what are some of the leadership actions that should have been implemented to establish an ethical climate? (Note: think about the 5 components that help leaders “create and sustain an ethical climate,” that we examined in the week 2 discussion post. Just pick 1, from the list of 5 on p. 198).
  • Conclusion (1 to 2 paragraphs maximum)

• Reference pag

Analyzing Cost

Establishing the cost of the products and your profit will be very important. Your sales price and the amount of labor, clay and slip are in the following table.

Table 1: Prices and Contents

From the above table, the bowl sells for 35 dollars, and requires 1 hour of labor, 4 pounds of clay and 2 ounces of slip. The mug and plate data are also in the above table. In this model labor is a variable cost. To price the variable elements, the labor is ten dollars per hour, the clay is 80 cents per pound and the slip is 25 cents per ounce. The shop is on an incentive system and based on the number of units produced the employees’ salary will be increased to provide ten dollars for each bowl and plate produced and fifteen dollars for each mug produced. If the employee is extremely slow the base rate will be used; however, the shop has never had an employee that slow. The fixed cost per year is $48,000 for the shop. This cost includes rent, utilities, and insurance. Given the average price and variable cost per unit, what is the breakeven quantity per year, per week and per day of operation (assume a 6 day work week.)? To simplify this calculation use the average sale price and average cost of the units. Your breakeven number should be the total units (bowls, mugs and plates) sold.