Suppose you are a manager in some leading firm / organization. The owner of the firm wants you to uplift the profit of the firm by introducing some new commodity in the market. Explain all decision making process relating to successfully introducing your commodity in the market.
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- 1. When you want to buy the potato chip, what influences your decision? Explain the attributes that are important to you when making a decision to purchase this type of product.Describe two (2) positive and two (2) negative effects, decisions etc., that a rise in the price of animal feed, due to the shortage of soybean meal and corn, may or will have on a typical household in a country.explain the Markov model process, its use in making a business decision.
- Over the years, the food company Nestle’s Maggi Noddles which are high marketshare with low growth markets. The company with a market share of 80-85 %, MaggiNoddles holds a very strong hold in the market and have high customer loyalty. Theproduct requires very less investment to maintain its market share and fight off anycompetition.In the case of Nestle, Nestle’s Mineral Water and Nestle’s Nescafe Coffee fall inthe high market share in high growth industry. Growing healthier lifestyle trends andemerging markets have prompted the brand to invest large amounts of investments inorder to differentiate the bottled water brands from competitors in mature markets andgrow brand awareness in emerging markets.There are products that formulate a part of the industry that is still in the phase ofdevelopment, yet the organization has not been able to create a significant position inthat industry. The small market share obtained by the organization makes the futureoutlook for the product uncertain,…How does the presence of uncertainty affect the usefulness of the model?Imagine a vending machine that would charge more for hot drinks—coffee, tea, and cocoa—during cold weather. What is your opinion of a temperature-sensitive vending machine? Consumers who live in colder climates might pay more over a longer time period each year than consumers who live in warmer climates. Would your opinion change if alternatives were nearby, such as a convenience store or a vending machine that is not temperature-sensitive? Do you think such a machine would be successful? Why or why not?
- Explain the decision making process with appropriate exampleDevise a solution for the problem under each of the four criteria of decisions under uncertainty.Discuss briefly the Hierarchy of the information- based business decision makers.Which level has the best chance of success and why? (Decision Making subject)
- Suppose Unilever (an ice-cream manufacturer) acquires TCBY (a frozen yogurt producer). What would you expect to see following this acquisition? A) Lower prices for both the ice cream and the frozen yogurt B) Higher prices for both the ice cream and the frozen yogurt C) Higher prices for ice cream, but lower prices for frozen yogurt D) Higher prices for frozen yogurt but lower prices for ice creamIn an analyzation of the auto industry in the US using Porter's Five Forces (including the level of competition within the industry) riding a bicycle, taking public transportation and walking are examples of items that appear in which ONE of the five forces? Select one: a. Threat of Substitutes b. Bargaining Power of the Buyer c. Bargaining Power of the Supplier d. Threat of New EntrantsA company has determined that October is the month when their sales are the highest. They are looking at providing discounts to increase their profits for the seasonal high-point. What other questions should drive this business decision?