Questions
Introduction to business Promotions are implemented with a discounted rate through all well-known outlets. These promotions...

Introduction to business

Promotions are implemented with a discounted rate through all well-known outlets. These promotions influence
Customers to purchase more. They often take care of the timely improvements in the products and give comfort to the
customer and actively involved in societal functions.
In 2009, Victory Cotton became one of the leading textile manufacturers in the region and often tries to focus on the
improvements in various types of clothes.
The demand for the product exceeded the supply. There is continuous improvements have done in production and
distribution. Customers are happy with the fair price and quality. The designs are unique. The customer has various
choices at affordable prices.
The factors influencing the customers are comfortability, durability, color, design, availability of the size, nearby outlets,
and the price. As per customer survey designs are modified. Customer satisfaction and loyalty are the major focus of the
company. A large number of their profit is given for the welfare of society like education and to help the poor people.
From the survey it was showed the high-class people are much concerned about comfort, exact size and various
designs, new materials and styles and are not concerned about the price. Availability in nearest outlets was also their
concern while the middle-class people are more concerned about the durability, size, and minimum price.
Questions:
a) Explain the core marketing concepts with examples from the case study.
b) List out any three marketing mix with suitable examples from the case.
c) What are the marketing orientations or concepts are seen in the case? Explain any four.

In: Economics

Explain how you, as the Branch Manager of your bank will respond to the following issues/happening...

Explain how you, as the Branch Manager of your bank will respond to the following issues/happening in your branch.
(a) You received a medical report on the mental incapacity of one of your cherished customers. Two days later his son came to see you to allow him to withdraw some money to settle the medical bills of his father.
(b) You received a letter from a court appointing one of the sons of your cherished customers who is mentally incapacitated as the receiver of his father’s account. Three days later, a letter including the obituary of the insane customer was brought to you. Today, a cheque was presented bearing the signature of the receiver.
(c) Mr. Mensah, one of your cherished customers came to your bank to open an account for his son who is
currently abroad.
(d) Mr Abasah suspected his daughter of going out with an alleged fraudster. He claims his daughter has been receiving financial support from her “fraudster boyfriend” which he usually channels through her account with your bank. In order to establish the validity of his claims he came to your bank and requested for a bank statement of his daughter’s account.
(e) Mr Nimako sent a stop order notice to his bankers on a cheque he drew for a customer after he noticed the goods were defected. Your bank received the letter at 9.45am today. At 11.05am the cheque in question was presented for payment.

NB: Support every answer with a case

In: Finance

Spicewood Stables Inc. was established in Austin, Texas, on April 1, 2019. The company provides stables,...

Spicewood Stables Inc. was established in Austin, Texas, on April 1, 2019. The company provides stables, care for animals and grounds for riding and showing horses. The following transactions are provided for your review:

  1. Received contributions from five investors of $50,000 in cash ($10,000 each), building (valued at $100,000), land (valued at $60,000) and supplies (valued at $2,000). Issued stock (without paid-in capital).
  2. Built a small barn for $42,000. The company paid half the amount in cash on April 1, 2019 and signed a three-year note payable for the balance.
  3. Provided $15,260 in animal care services for customers, all on credit.
  4. Rented stables to customers for April, received cash of $13,200.
  5. Received from a customer $1,500 in cash to board her horse in May, June and July.
  6. Purchased supplies on account for $3,210 to be used in the summer.
  7. Paid $840 in cash for water utilities incurred in the month.
  8. Paid $1,700 in accounts payable for previous purchases.
  9. Received $1,000 in cash from customers on accounts receivable.
  10. Paid $4,000 in cash for wages to employees who worked during the month.
  11. At the end of the month, purchased a two-year insurance policy for $3,600 cash.
  12. Received an electric utility bill for $1,200 for usage in April; the bill will be paid next month.
  13. Declared and paid $100 cash dividend to each of the five investors at the end of the month.
  • Record in the T-accounts the effects of each transaction for Spicewood Stables in April 2019, referring each transaction in the accounts with the transaction letter. Compute and show the unadjusted ending balances in the T-accounts.

In: Accounting

Consider the following story: Diversifun, Inc., an insurance company, recently decided to offer boat insurance. Diversifun...

Consider the following story:

Diversifun, Inc., an insurance company, recently decided to offer boat insurance. Diversifun was concerned that the most likely boat insurance customers would be the least competent, highest-risk boat captains, because they stand to benefit most from boat insurance coverage. Since Diversifun cannot distinguish perfectly between high-risk and low-risk skippers, it decided to set its boat-insurance premiums a bit higher to account for the foolhardy sea captains.

The economic problem in this story is known as:

A) Adverse selection

B) Signaling

C) Moral hazard

D) Screening

In: Economics

The owner of a barbershop has two barber chairs and one employee. The owner will cut...

The owner of a barbershop has two barber chairs and one employee. The owner will cut a customer’s hair only if her employee is already busy cutting someone else’s hair. Service times are exponentially distributed with mean 1 hour, and the time between arrivals is exponentially distributed with mean 1.5 hours. When the barbershop is full(i.e., two customers are getting haircuts), people must wait outside in line.

a)What percentage of the time is the owner cutting hair?

b)If the owner wants to spend at most 10% of her time working, what is the maximum arrival rate that can be tolerated?

In: Statistics and Probability

A pizza delivery driver, always trying to increase tips, runs an experiment on his next 90...

A pizza delivery driver, always trying to increase tips, runs an experiment on his next 90 deliveries. He flips a coin to decide whether or not to call a customer from his mobile phone when he is five minutes away, hoping this slight bump in customer service will lead to a slight bump in tips. After 90 deliveries, he will compare the average tip percentage between the customers he called and those he did not.

g) Is the experiment blind? Can it be double-blind? Explain.

h) Name some confounding variables that might influence the experiment's results.

In: Statistics and Probability

1. Myron apparently thought that high profits guaranteed adequate cash to pay any bills as they...

1. Myron apparently thought that high profits guaranteed adequate cash to pay any bills as they came due. Explain to Myron the difference between Net Income and Cash Flow. In particular, explain how even a profitable, highly efficient firm can experience cash crunches and have a need for outside capital

2. In an attempt to encourage dealers to pay sooner, Myron offered terms of 2/10 net 90. Do you find it surprising that only 10% of his customers took advantage of the discount and paid within 10 days? Defend your answer.

In: Finance

As the network administrator for a growing ISP, you want to make efficient use of your...

As the network administrator for a growing ISP, you want to make efficient use of your network addresses. One of the networks addresses IANA assigned to you is a Class C network of 192.168.88.0. You have decided to use the addresses in this Class C network to satisfy the IP address requirements of 18 corporate customers who need between 20 and 24 addresses each. calculate a subnet mask that meets their needs. List the subnet mask and the first four subnetwork addresses the mask will create. [5 marks]

please answer fast in 30 minutes and the subject is data commniucations and network.

In: Computer Science

The theater of the city of Mayaguez has a popular concert in schedule and has decided...

The theater of the city of Mayaguez has a popular concert in schedule and has decided to sells tickets by phone. For that, it needs to decide how many operators to hire for the sale. On one hand, it doesn't want the customers to wait too long, but on the other hand the operators are expensive. The data the manager has collected from previous concerts is as follows.

Operators Wait Time

4 385

5    335

6 383

7 344

8 288

Specifically, we want to find whether there is a significant linear correlation between the variables.

In this case, if management wants a lower waiting time, it would to need to have:

In: Statistics and Probability

Suppose that customers arrive at a bank at a rate of 10 per hour. Assume that...

Suppose that customers arrive at a bank at a rate of 10 per hour. Assume that the number of customer arrivals X follows a Poisson distribution.

A. Find the probability of more than 25 people arriving within the next two hours using the Poisson mass function.

B. Find the probability of more than 25 people arriving within the next two hours using the normal approximation to the Poisson.

C. Compute the percent relative difference between the exact probability computed in part 1 and the normal approximation computed in part 2, i.e., 100 × (Approx−Exact)/Exact %. Comment on the adequacy of the approximation.

In: Statistics and Probability