General Management Questions and Answers April 7, 2011

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Question - options to choose are --> Greenfield Ventures (Direct investment), Exporting, Franchising, Strategic Alliance, Acquisition, Licensing Taco Bell offers the Chicken Tikka Burrito in India at a lower price point than Big Mac and with slightly different ingredients. However, it retains the same tortilla and other condiments from the XXL

D Question 7 If - 20 ounces, a-6.0 ounces, and n = 16, what will be the 30 control limits (in ounces) for the x-bar chart? O 15.50; 24.50 O2.00; 38.00 O 18.88; 21.13 O 0.00; 44.00 O 0.40: 39.60

Question 7 Not yet answered Marked out of 12.00 p Flag question 5 We have discussed two different types of inventory models in class: economic order quantity (EOand newsboy (single period) models. Products with what type of characteristics would be more suitable to be applied a newsboy mode pts) 1) Products with what type of characteristics would

The minimum required rate of return on a project is the rate that will increase earnings per share lower the cost of capital leave the market price of the firm's stock unchanged reduce the financial risk

A factory has just received an order for 95 units of an end item, which are to be shipped at the start of week 8. Relevant information of the end item and the components is as follows. Develop the material requirements plan (please print out an empty MRP table to work with), and determine how many units of component C are needed in the "planned

You have been asked to represent the use cases for a camera. In the Use Case Diagram below, you choose "Open Shutter", "Flash", and "Close Shutter" as the top-level use cases. Your Professor has indicated that your Use Case selection is incorrect. Briefly describe why those 3 use cases are incorrect and list at least two correct use cases. Camera

A forecast method that would be used for a new product: Select one: O a. time series b. associative O c. mean absolute deviation d. judgmental e, linear trend

Question number: 1 Nowadays business environment is filled with uncertainty. Keeping the supply chains free from disruption is one of the biggest challenges for supply chain decision-makers. Consider that you are working as a procurement manager for a car manufacturing company which is comparatively new in the market and struggling to keep a

The Problem: You are the office manager for a small business employing 45 clerical and support people. The office uses large quantities of paper, toner and other office supplies. Your boss has been looking for ways to save money and one of her bright ideas is to buy all office supplies online. She just e-mailed you this message: Please check out

Which of the following statements is NOT TRUE about TQM? TQM is a process improvement method that does not require any statistical methods, it is the opposite of Six Sigma methodology. TQM was defined in the textbook as managing the entire organization so that it excels on all dimensions of products and services that are important to the customer.

Question No. 1: An economic system of any country is pivotal to raise the foreign direct investment (FDI) and foreign portfolio investment (FPI) along with the improvements of exports volumes. A strengthen legal system also plays the role in it. Those economies who have strong enough both systems lead the economic horizon. Briefly demonstrate

Mr. X is considering starting a new business of selling hoodies with UNCW-logo. The annual demand is 1000. Assume that demand is perfectly steady throughout time. Mr. X can purchase the hoodies from supplier Mr. Y for a price of $40 per hoodie and a $2000 fixed cost for every order placed independent of the order size. The annual holding cost for

01) A hospital administrator thinks that the X-ray equipment is only in use about 20 percent of the time. What number of observations in a work sampling study would be needed to estimate the true per- centage of time to within 5 percent with a confidence of 98 percent? 02) Dana Johnson, the manager of Michigan County's welfare office, wants to be

1. An animal breeder was investigating butterfat content of milk from dairy cows. In particular, she wanted to know how (if at all) the butterfat content changed when the cows were fed diets with different amounts of protein. Accordingly, she selected three particular breeds of dairy cattle (Jersey, Guernsey, and Holstein). Two farms were involved

1. Which of the following is correct with regard to partnership property? -Like partnership capital, it is a fixed amount set forth in the articles of partnership. -Under the RUPA, there is a rebuttable presumption that unless a contrary intention appears, property acquired with partnership funds is partnership property. -The RUPA sets forth two

Case Analysis Questions: For each of the following questions provide a brief fact sheet, legal issues and analysis. (8 points ) Hank rented a new ground-floor condominium for four months before the owner offered to sell it to him. Hank accepted the offer. After Hank became the owner, he built a small patio off the living room. At a house-warming

[Study Guide - different numbers] A firm cleans chemical tank cars in the Bay St. Louis area. With standard equipment, the firm typically cleaned 70 chemical tank cars per month. They utilized 10 gallons of solvent, and two employees worked 20 days per month, 8 hours a day. The company decided to switch to a larger cleaning machine. Last April,

ACTIVITY 1 (25 POINTS): Discuss how disclosure and privacy affect interpersonal communication. (150 - 200 words) Note 1: Refer to Chapter 8 ("Interpersonal Communication") of the course textbook. Note 2: DO NOT include any direct/indirect quotations from the course textbook and/or any other external sources. Type your answer here

Mr. Yasir and Mr. Yousuf are friends. Mr. Yasir is the owner of a finance company. The company aims to fulfill the needs of customers financial needs. Mr. Yasir offered various services like saving accounts, personal and business loans, safety boxes and investment advises,. He knew that it would not be easy to manage all the services alone. Hence,

1. Two young business school graduates, Laverne and Shirley, form a consulting firm. In deciding between the partnership and corporation form of organization, they are especially concerned about personal liability for giving bad advice to their clients; that is, in the event they are sued, they want to prevent plaintiffs from taking their personal

Walmart uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics. Demand (D) = 20,600 units/year Ordering cost (S) = $55.00/order Holding cost (H) = $2.50/unit/year Lead time (L) = 3 week(s) Cycle-service level = 90%, z = 1.28 Demand is normally distributed, with a standard deviation of

please only give whats the final answer choice no need to expalin very urgent asap please [Study Guide - different numbers] Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to retail stores. The managers are conducting an inventory control study of all their items. The following data are for one

1 Instructions Designing the Production Network at Cool Wipes Matt O'Grady, vice president of supply chain at Cool Wipes, thought that his current production and distribution network was not appropriate, given the significant increase in transportation costs over the past few years. Compared to when the company had set up its production facility

public relation Question 13 4 pts Many kinds of publics are walking on our college campuses. Can you label this one in the following scenario? Welcome to Pampa State University. Your faculty members rock along doing their own thing. They are teaching, researching, and serving on committees, but generally keeping their heads down and working. Then,

The IRS is concerned with improving the accuracy of tax information given by its representatives over the telephone. Previous studies involved asking a set of 25 questions of a large number of IRS telephone representatives to determine the proportion of correct responses. Historically, the average proportion of correct responses has been 75

A firm that produces wood shutters and bookcases has received two orders for shutters: one for 100 shutters and one for 150 shutters. The 100-unit order is due for delivery at the start of week 4 of the current schedule, and the 150-unit order is due for delivery at the start of week 8. Each shutter consists of two frames and four slatted wood

Suppose a technology firm is trying to decide how to best source a processor for a new mobile device. They are conducting a portfolio analysis by applying the Kraljic model. This processor is critical to a line of new mobile device models the firm is introducing without it, the firm may not meet their fiscal year goals. Further, they are concerned

The board of directors of a company is considering seven large capital investments. The estimated long-run profit (net present value) that will be generated by each investment and the amount of capital required are given in the following table (in units of millions of dollars): Investment Opportunity 1 2 3 4 5 6 7 Estimated profit 15 12 16 18 9 11

1. People over the age of 55 spend more than 30 hours a week watching television, A) True B) False Answer: 2. On a seasonal basis, there is a drop-off in television viewing in the summer. A) True B) False Answer: 3. Audience fragmentation is a problem for television advertising but not for advertising over radio. A) True B) False Answer: 4. Public

Problem #3 -- Jasper Inc. has an air conditioning manufacturing facility in Lakeland-FL for air conditioning SKU: 1101 and 1104. The assembly process for each SKU is similar and both require a certain number of hours in the Assembly Department and in the Finishing Department. As a business consultant, Jasper Inc. asked you to apply Linear

Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a loce demand levels, in thousands of gallons: The MAD for Method 1 = thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 1= thousand gallons 2 (round your response to

Question 6 2.5 pts According to Citizens United v. Federal Election Commission, which of the following is not a reason to allow corporations the right to spend money and advertise for political candidates? The immense wealth of a corporation allows it to be the most accurate in providing messages to people. Independent expenditure by corporations

Given the following network where the number on the arcs represents the capacity of the arc. (12) 3 (14) (15) (OT) 4 (11) (11) (8) (15) (8) 5 Assume node 1 and node 2 are the source nodes and node 6 is the sink node. Solve the maximum flow problem using Excel Solver and find the values of (1) The maximum flow (the objective function value) (2) The

Emergency medical personnel are standing outside the HyVee grocery store and taking the temperature of everyone as they enter the store. The time to take the temperature is constant at 4 seconds. Customers arrive one every 20 seconds, on average (Assume just one person taking the temperature of entering customers.) a. What model best matches this

The staff of an emergency medical clinic is trying to decide how many doctors and nurses are required to keep the clinic operating smoothly. As a first step, they have decided to simulate traffic flows through the clinic when only one doctor and one nurse are available. From historical data, they believe the following distribution of time gaps

5. (20 marks) The following picture gives highway distances in kilometres between a set of cities. 2 26 2 5 28 41 38 25 49 1 3 3 36 7 32 50 52 37 29 4. 6 Use LINGO or the Excel Solver to determine the shortest path between cities 2 and 6, and state this path and its length in words

You are given the following linear programming model and Excel spreadsheet to solve this problem: MAX: 25 X1 + 35 X2 Subject to: Constraint 1: 6 X1 + 4 X2 = 0 B C X1 0 X2 Objective 25 35 10 Number to make: Unit profit: Constraints: Constraint 1 Constraint 2 Constraint 3 LHS RHS 1500 2700 800 Which cells should be changing cells in this problem? O

Company Z is just starting to make a brand new product it has never made before. It has completed two units so far. The first unit took 30 hours to complete and the next unit took 25 hours. Based only on this information, what would be the estimate of the learning percentage in this process? (Round your answer to 1 decimal place.) Estimated

Kevin Whalling, Chief Counsel for the Whalling Law Group, PLLC as part of his pro bono work was recently assigned to assist an eleven-year-old girl named Rachel Deckard. Ms. Deckard has been subject to physical and mental abuse by family members. Reviewing Ms. Deckards files, Mr. Whalling can easily assess that the court appointed special

Name: Executive Shirts Company Assignment B. Analysis of the Current Cutting Operation (Exbt.2): Capacity 60 layers of cloth ("Z=60") THE Review the HBS case Executive Shirts Company and answer all nine Assignment Questions in this document. (Please ignore the questions on the last page of the case.) Note that this document provides a few partial

Question 1 Not yet answered Marked out of 18.00 P Flag question (18 Points, 30 minutes) Consider the following LP: 4:01 Max s.t. Ii +212 +2:02 +3:12 11 11 +1013 -614 +513 -214

The 4 Major Business Organization Forms A business organization is a single-most-important choice youll make regarding your company. What form your business adopts will affect a multitude of factors, many of which will decide your companys future. Aligning your goals to your business organization type is an important step, so understanding the

5. Suppose that in an inventory of 8 items, 19% of the items account of 80% of the sales volume. The total sales of all the 8 items is $350,000 a year. How much inventory can be expected if turnover policy for A items=24, for Bitems= 12, for Citems=6? Generate a table (could be in excel if you prefer), include all 8 items, Include the cumulative

The figure 1 below shows the predecessor relationships. What is the predecessor relationship between (a) Task A & Task B (b) Task A & Task D (c) Task B & Task E (d) Task A & Task C (e) Task B & Task D Time Task A Task B Task C Task D Task E

Note: Although only the expected time for "C" is asked for, all the calculations for each activity A-G (eg. Estimated Time, Variance, Standard Deviation, Slack Time) are necessary in order to have the correct answers for questions b-i. Yay. The end of the semester. Given the activities and data given in the table below, answer the following

Answer the following questions according to the data provided "TEA SUPPLY CHAIN": a. Develop a Tea Supply Chain . When developing your supply chain (sketches/diagrams ARE required) . The tea plantation is the obvious starting point and ends at the consumer. b. What issues do you see along the tea supply chain, in the following areas: Environment

CASE MASTERTAG BY NICOLE FOSTER, GRAND VALLEY STATE UNIVERSITY When MasterTag was founded in 1949, its founder, Ludwig Schmidt, set out to be a manufacturer of plastic fishing bobbers. Then, in 1950, Mr. Schmidt was approached by a local greenhouse owner and was asked if he could produce a line of horticultural labels for plants. At the time,

1. As the financial marketer, discuss five challenges that come with marketing financial services. 2. When entering the Ghanaian financial marketplace, what are the five each key macro and micro environmental forces that management need to appreciate and why? 3. Market Selection is very critical in the financial sector and involves Segmentation,

3. The weekly output of a fabrication process is shown below, together with data for labor and material inputs. Standard selling price is $250 per unit. Overhead is charged weekly at the rate of [[$1,200 + 3/4 X direct labor cost]]. Assume a 40-hour week and an hourly wage of $20. Material cost is $7 per foot. What is the average multifactor

b. Solve the problem formulated in (a), and show all of the Excel or QM templates you use in your formulation. Problem 2. Evaluating Relative Efficiencies of Decision Making Units Data Envelopment Analysis (DEA) is an application of linear programming used to measure the relative efficiency of operating units with the same goals and objectives. As

The Farley Manufacturing Company prides itself on the quality of its products. The company is engaged in competition for a very important project. A key element is a part that ultimately goes into precision testing equipment. The specifications are 8.0003.000 millimeters. Management is concerned about the capability of the process to produce that

Customers arrive at a video rental desk at the rate of 12 per minute(Poisson).Each server can handle 4.001 customers per minute(Poisson). If there are 5 servers, determine the probability of 4 or fewer customers in the system. O a. 0.02 O b. 0.059 O c. 0.047 O d. 0.764

Corporate social responsibility (CSR) is a broad business concept. It usually describes a company's commitment to carry out their business in an ethical way. Explain Corporate Social Responsibility (CSR) by highlighting its importance towards the organization performance . (5x 1 Mark =5 Marks)

A large Portland manufacturer wants to forecast demand for a piece of pollution-control equipment. A review of past sales (Ac), as shown below, indicates that an increasing trend is present. Smoothing constants are assigned the values of a = 0.20 and B = 0.4. The firm assumes the initial forecast for month 1 (F1) was 11.00 units and the trend over

Pregunta 19 The centerline for a control chart for R consists of o the mean of the sample ranges the mean of the sample data the standard deviation the median

You have recently been hired as an HR Manager supporting the Materials Science division of the private sector research firm, Gallifrey Inc. One of the scientists you support, Dr. Hu, is in need of a new Research Assistant in his Time and Relative Dimensions In Space lab. He reaches out to you because he wants to revamp his selection tools and

The weekly output of a production process is shown in Table 1, together with data for labour and material inputs. The standard inventory value of the output is RM135 per unit. Overhead is charged weekly at the rate of RM1600 plus 0.5 times direct labour cost. Assume a 40-hour week and an hourly wage of RM26. Material cost is RM20 per running

Bill's Barbershop has two barbers available to cut customer's hair. Both barbers provide roughly the same experience and skill, but one is just a little bit slower than the other. The process flow below shows that all customers go through steps B1 and B2 and then can be served at either of the two barbers at step B3. The process ends for all

SUMMARY: Google on Monday unveiled measures meant to help marketers track where advertisements appear across YouTube, in the wake of controversy over the tech company's placement of ads alongside videos with objectionable content. CLASSROOM APPLICATION: After the extensive coverage last week about Google's controversial ad placements, I thought it

4) A "1" in the corner. Explain why each configuration below of borders around a " 1 " in the corner is possible or not possible. A"1 " in the corner strategy: Explain which borders must be draw and which borders cannot be drawn and which borders are choices to be made. 4) A "1" in the corner. Explain why each configuration below of borders around

all answers please!! Prepare a master schedule given this information: The forecast for each week of an eight-week schedule is 75 units. The MPS rule is to schedule production if the projected on-hand inventory would be negative without it. Customer orders (committed) are as follows: Use a production lot size of 100 units and no beginning

Description Identify an organization with which you are familiar and has gone through recent changes. This can be a company, a church, a service club, or any type of organization. Describe some of those changes, and determine which of the changes that you describe are first-order or second-order changes. Support the positions that you take

Larry and Megan Smith live in Philadelphia and enjoy going out to fancy restaurants for dinner and to diners for breakfast. On the following diagram, the purple curves I and I represent two of their indifference curves for fancy dinners and diner breakfasts. They have $500 per month available to spend on eating out. The price of a diner breakfast

Negotiating about Pandas for San Diego Zoo Myers's Initial Plans In 1987, the People's Republic of China loaned a pair of giant pandas to the San Diego Zoo in the U.S. There arrival caused so much public excitement that journalists called it "pandemonium." Over 200 days from July 1987 to February 1988, the Zoo drew more than 2 million visitors.

The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: Part 2 Week Of Pints Used August 31 350 September 7 370 September 14 412 September 21 383 September 28 368 October 5 371 Part 3 a) The forecasted demand for the week of October 12 using a 3-week moving average LOADING... = 374.00374.00

Promotional Management Assignment: Names of plans SI. No. 1. Develop the 4 outdoor advertising ideas for IKEA (Furniture retail company) Explanation of plans Product Integration 2. Mobile billboard 3. Transit advertising 4. Geurilla marketing

The Dahlia Medical Center has 30 labor rooms, 15 combination labor and delivery rooms, 3 delivery rooms, and 1 special delivery room reserved for complicated births. All of these facilities operate around the clock. Time spent in labor rooms varies from hours to days, with an average of about a day. The average uncomplicated delivery requires

Consider a firm that sells its product in both the U.S. and the U.K. U.S. demand is for 10,000 units, and the U.S. production capacity is 8,000 units. Demand in the U.K. is for 6,000 units, and the U.K. production capacity is 12,000 units. Production cost in the U.S. is $10, and production cost in the U.K. is 4. The current exchange rate is $2.8 =

QUESTION 38 A manufacturing company is considering two alternative locations for a new facility. The fixed and variable costs for the two locations are found in the table below. For which volume of business would the two locations be equally attractive? If the company plans on producing 50,000 units, which location would be more attractive? Glen

Roman is the chief executive officer of Salty Snax Corporation. Romans responsibilities include decisions on product development, marketing, and other significant business directions. Roman is subject to the approval and oversight of Salty Snaxs board of directors. Teri is a Salty Snax manager whose duties include the firms day-to-day hiring,

Question 40 (1 point) Re-experiencing the event and avoidance of emotions, persons, and physical space associated with the event are likely symptoms associated with which of the following? Burnout O Hazardous materials Lost-time injury rates Repetitive strain injuries O Post-traumatic stress disorder

1) Calculate three forecasts using the following data. First, for periods 4 through 10, develop the exponentially smoothed forecasts using a forecast for period 3 ( F 3) of 120.0 and an alpha of 0.3. Second, calculate the three-period moving-average forecast for periods 4 through 10. Third, calculate the weighted moving average for periods 4

QUESTION 1 The statement: Economies of scope in shared resources do not provide a sufficient justification for diversification is: [See pp.349-350] Correct: Cost savings form shared resources are of little value unless there are also organizational capabilities that can be transferred between the businesses. Correct: to justify diversification

Business Major: Marketing Question Help! 1. Which statement concerning usage of the Internet is NOT correct? a. Business-to-business firms can conduct sophisticated analyses of customer data bases from the Internet. b. A very small portion of E-marketing and E-commerce involves business-to-business marketers. c. Business-to-business firms can use

i. 1. Which of the following can help in decreasing unit cost of the product? By decreasing labor costs ii. By increasing productivity All of the above None of the above iv. i. 2. What factor was considered when dividing the population in the diffusion of innovation? Attitude towards profit ii. Attitude towards risk Attitude towards loss Attitude

PLEASE DO NOT COPY THE ALREADY AVAILABLE ANSWER ON CHEGG!,THE ANSWER IS INCORRECT.Thank you EACHER PRACTICE ANOTHER The Ace Manufacturing Company has orders for three similar products. Product Orders (units) A 1,700 B B 700 c 1,400 Three machines are available for the manufacturing operations. All three machines can produce all the products at the

Same data to the previous one: Jim's department at a local department store has tracked the sales of a product over the last three weeks. Forecast demand using exponential smoothing with an alpha of 0.4, and an initial forecast of 26.4.0 for period 2. What is the MAD? Period Demand 1 24 2. 23 3 26 4 36 4.98 4.84 3.79 3.94

Aspen Plastics produces plastic bottles to customer order. The quality inspector randomly selects four bottles from the bottle machine and measures the outside diameter of the bottle neck, a critical quality dimension that determines whether the bottle cap will fit properly. The dimensions (in.) from the last six samples are Click the icon to view

I additionally need to find the MAD and MAPE using the exponential smoothing forecast method A convenience store recently started to carry a new brand of soft drink. Management is interested in estimating future sales volume to determine whether it should continue to carry the new brand or replace it with another brand. The following table

SUBJECT of Innovation Assignment 4 Answer the followings after going through online activities as given in Online Learning 3. a. Explain Value Creation and Value Proposition from the perspectives of service management in industries and business. b. Explain why innovation management must be carefully linked to product development and marketing

find main problem sub problems solutions best solution COMPETING THROUGH TECHNOLOGY Controlling Health Care Costs by Fighting Painkiller Abuse: Prescribing a Dose of High-Tech Algorithms Although tremendous law may indicate one's likelihood of you becoming addicted. enforcement and regulatory becoming addicted to painkill- it is not like treating

A manufacturing company needs to write an interim report for task 1 of project 1 during regular shift or on overtime. The project will require 500 man-hours at US\$20 per hour. The overhead burden is 75 percent on regular shift but only 5 percent on overtime. Overtime, however, is paid at a rate of time and a half. Assuming that the report can be

In a public relations presentation, the speaker is specifically providing information to public image for the person or organization the speaker is representing. a. create a negative b. maintain a neutral c. manipulate a conservative d. promote a positive

Identify and research an important environmental threat--such as regulatory, cultural or economic threat--posted to global marketers. Analyze the issues related to the threat, and discuss how affected companies are reacting. Be sure to include data and facts/figures in your posts

Dave Pescher was able to determine the activity tres for contro caring machine, Fetcher would be to determine E, F, Landaktor och av The project compilation time and the critical path should also be determited. Here are the activity times Time Immediate Time Activity weeks) Predecessor(a) Activity weeks) A E 5 B 5 F 7 c 2 G 13 2. D A H 6 Immediate

Gibson Valves produces cast bronze valves on an assembly line. Suppose that 7,840 valves are produced in a 8-hour shift; if labor productivity can be increased by 15%, what would the labor productivity would be? If needed, round your answer to two (2) decimal places

I need help with C D. Mean squared error for the 2 day moving average? E. The mean absolute percent error (MAPE)? Daily high temperatures in St. Louis for the last week were as follows: 92, 91, 95, 94, 96, 86, 93 (yesterday). a) The high temperature for today using a 3-day moving average = 91.7 degrees (round your response to one decimal place).

For the project you described in Group assignment 1, create the following: 1) Work break down structure (WBS) and Gantt Chart 2) For each work package in WBS assign resource using a Responsibility Assignment Matrix. For the project you described in Group assignment 1, create the following: 1) Work break down structure (WBS) and Gantt Chart 2) For

please solve clearly step and please write clearly. 3) A post office requires different numbers of full-time employees on different days of the week. The number of full- time employees required on each day is given in the table. Union rules state that each full-time employee must work five consecutive days and then receive two days off. For

Canvas ex ID Question 25 2.5 pts Horizontal organizational design differentiation describes which of the following? How decision-making authority is allocated How work is allocated across different parts of the organization How performance measures differ based on the type of work being performed in different parts of the organization How risk

Perfector Finisher Prototyper Fixer Deliverer Effective Project Team Producer Figure 3.6 Information systems project teams need members with differing work personalities 10. Examine Table 3.6 and rate yourself for each of the critical cultural dimensions. Do your ratings match those of your country in every instance? If they do, why do you think

design information managment system and design source code The following three events are services provided by the Rainforest Book Company: Event I A customer wishes to set up an account to purchase books. The Sales Department at the Rainforest Book Company receives the request and sends out a blank Account Request form. The form has space for the

Match the key concept with its formula A. Higher Retail $ - Markdown $ B. List Price $ - Trade Discounts $- Cash Discounts C. Gross margin + Alteration Cost - Cash Discount earned + Retail Reduction + Sales + Retail Reduction % D. Gross Margin $ + Net Sales $ x 100 E. Net Sales - Gross COGS + Net Net Sales x 100 F. Retail $ - Cost $ G. Gross

3. MacArthur Hall is considering its pricing policy for a concert taking place 2 months later. Its customer base is composed of two types of Buyers: Music Lovers (M) and Regulars (R). Suppose there are 100 ticket buyers of each type. Suppose that on a good day, each buyer would pay $5 for a ticket on the concert date but on a bad day, each buyer

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