Explain in detail the following questions #1-3

1. Explain WITH an example of how to use Economic Order Quantity (EOQ).
2. What can EOQ can tell you?
3. In the process of an economic order quantity (EOQ) inventory analysis, if the holding cost for an item doubles and all other parameters remain unchanged, which of the following will happen?
   1. The order quantity will increase,, and the reorder point will decrease.
   2. The order quantity will increase, and the reorder point will increase
   3. The order quantity will decrease, and the reorder point will remain unchanged.
   4. The order quantity will remain unchanged, and the reorder point with increase.
4. According to the economic order quantity (EOQ) inventory model, if the lead time is doubled, the order quantity will.
   1. Decrease by half
   2. Remain unchanged
   3. Increase by an amount equal to the square root of 2
   4. Double
5. In inventory management, the requirement of cycle counting includes all of the following EXCEPT
   1. Closing the facility to ensure accurate inventory counts
   2. Reconciling inventory counts with inventory records
   3. Dividing inventory into classes
   4. Counting the inventory frequently

Philip Musa can build either a large video rental section or a small one in his Birmingham drugstore. He can also gather additional information or simply do nothing. If he gathers additional​ information, the results could suggest either a favorable or an unfavorable​ market, but it would cost him ​$3, 500 to gather the information. Musa believes that there is a​ 50-50 chance that the information will be favorable. If the rental market is​ favorable, Musa will earn ​$18,000 with a large section or ​$6, 000 with a small. With an unfavorable​ video-rental market,​ however, Musa could lose ​$21, 000 with a large section or ​$16, 000 with a small section. Without gathering additional​ information, Musa estimates that the probability of a favorable rental market is 0.7. A favorable report from the study would increase the probability of a favorable rental market to 0.9. ​Furthermore, an unfavorable report from the additional information would decrease the probability of a favorable rental market to 0.4. Of​ course, Musa could ignore these numbers and do nothing. What is your advice to​ Musa?

The expected payoff is ​$ ___ ​(round your response to the nearest​ dollar).

Describe common challenges in managing data.

Situation Analysis on American Eagle Outfitters – Conduct an online marketing SWOT that highlights the following (who are the digital customers, analyze the competitors, assess the company’s digital channels landscape

find two examples of Universalism in your culture and two examples of Particularist?

Which of Marketing Mix needs marketing research the most?

Now that you conducted your risk assessments (quantitative/qualitative/mixed-method) for your various assets, it is now time to develop a mitigation plan. What is a risk mitigation plan and why is it just as important as the previous steps? Cost-Benefit Analysis (CBA) is an important tool when trying to identify risk, list some elements that are important when conducting a CBA. Why is it important that senior management know these elements that you have identified?

Need 300 word

How would you respond to this post?

We live in uncertain times. If it sounds doomsday-ish, then you’re reading it correctly. At any given moment there are important, powerful things happening around us. In the past, it could be argued that rapid technological advancements fit this description. Right now, one could make a case for anything from COVID-19 to the Climate Crisis. And some companies and products are thriving in the chaos. The first example that comes to mind, probably because it’s directly related to the auto manufacturers listed in the posted article, is Tesla. Tesla has demonstrated everything referenced in the article. Each car has a big monitor that keeps the people inside connected. [Smart Products & Productivity.] Tesla cars, generally, can only be serviced by Tesla service centers. Owners aren’t really allowed to obtain and work on their own cars, which is very different than times past. The level of customer service is as important as the service itself [Servicitization.] For Digitization, the product itself is pretty digital, but another example could be how a Tesla is built (as a model, not an individual product.) Tesla can mock up a car and see what it would look like in a computer long before manufacturing begins. For personalization, those who order Tesla's can do so from the comfort of their own home. They can choose their own features, color, and more. It’s like Build-A-Bear for moms and dads. For Regulation, Tesla has to follow the same federal rules and regulations as all other car manufacturer. What sets them apart is how they go above and beyond. This is especially true in how they handle EPA regulations. As eco-cars they come with a guilty free conscience and a sense of civic duty.

How would you respond to this post?

A company’s level of productivity is made known when the company is able to successfully lower cost while increasing efficiency. It has been referred to as outputs/inputs and tradeoffs are the most important part of this equation (Vonderembse & White, 2013). When productivity is active in a business, it is able to drive and increase business performance. Oftentimes a company begins to produce more of a product giving consumers more to consume. Meanwhile, a business must be able to remain profitable and certain tradeoffs are necessary to make this happen. The most common tradeoffs that take place are among capital, labor and raw materials. Take a huge corporate store like Apple. Their profit seems to be at its highest when the cost of their product is at its lowest. The data has displayed that because the price of its product has declined, the quantity of its sales increases while causing profit to also increase. In this situation, the reason why efficiency, profitability and productivity took place was although more quantities were being made, the labor portion did not change thus causing bottom line profits to expand drastically (Vonderembse & White, 2013). In this situation, apple was able to keep costs low while productivity high (Vonderembse & White, 2013). Another example of a tradeoff can be seen when substituting materials for labor. This can be seen a lot today in modern day sales. Take a company like an upholstered household furniture store whom is known to be an important source of demand for forest products. For a furniture store to truly prosper it must be located in an area when all input factor costs are considered to be extremely low and where a business is able to differentiate. Therefore, the business can substitute materials for labor by being able to manufacture their own products in a climate adjusted location. This can help them successfully decrease their overall cost through the availability of their own products causing demand to increase as well as the differentiation of their product due to it being manufactured within the same facility and labor.

How would you respond to this post?

In its simplistic form productivity equals output divided by inputs(Vonderembse (2013). However, when it some to productivity it is very difficult to increase productivity with out negatively effecting quality. For example, if on an assembly line you want to increase the number of products produced per hour you can accomplish this by speeding up the assembler line. However, if you speed up the line there are more likely to be more defects in the product and thus the quality goes done. This is called the Quality Condition. This means that even though more products are produced at a faster pace, there may be more defects and returns which will actually negatively effect the companies over all productivity,

There are trade offs in productivity and the key os for management to understand the proper formula to make a company the most productive. A manager needs to understand that ratio between the increase of speed of manufacturing a product versus the quality of products off the line. If the line is running too fast the defects mat out weight the additional products being make at the higher rates. The returns will put outweigh the larger number of products being produced and as a result productivity would go down. The manager is responsible for understanding the optimum number products to produce with a low rate of failure.

There can also be other factors with productivity such as skilled versus unskilled labor and higher grade materials versus cheaper ones. Again, a manager needs to weigh the pros and cons of both to understand the most productive route.

Why are companies using less mass media and rather adding more specialized (including social media and public relations) and highly targeted media?

Reference

Kotler, P., & Armstrong, G. (2016). Principles of Marketing (16th ed.).

My question is on sexual Harassment prevention. Briefly describe what training you selected and what it entails. Explain why this type of training is relevant to the healthcare industry. Based on what you know about the healthcare industry, is there any special training that you would mandate your staff to participate in if you wer

e a manager? If so, why?

For this assignment, imagine you work for a U.S.-based organization that sells household appliances and is considering opening stores internationally, starting with Brazil. You have been tasked with providing your recommendations in preparation for the expansion into Brazil. In 250-500 words, address the following:

1. Discuss how you would modify the personal selling approach based upon the Brazilian target market. Provide an example of the specific changes you would make and justify the changes.
2. Identify ethical and regulatory issues that should be considered when marketing in Brazil.
3. Identify cultural and social considerations you should take into account as part of your marketing planning efforts. Explain how these factors make the marketing presented to the Brazilian audience different from what is presented to U.S. consumers.
4. (this was all of the info I was given)