Answered: Question: 1) Discuss three factors that…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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FORMATIVE ASSESSMENT 1 Read the article below and attempt ALL questions that follow. iPhone sales plunge amid growing competition from Huawei, Xiaomi [100 MARKS] iPhone 14. Image: Apple Apple's revenue has dipped for a fifth consecutive quarter, driven by the steepest decline in iPhone sales since the early days of the Covid-19 pandemic. The California-based tech giant on Thursday reported a profit of $23.6 billion (R440 billion) on $90.8 billion (R1.3 trillion) in revenue during the January-March period. Sales of the iPhone fell 10 percent, to $45.7 billion amid growing competition from Chinese rivals such as Huawei and Xiaomi. Sales in Greater China, one of Apple's most important markets, fell to $16.4bn from $17.8bn year-on-year, a nearly 8 percent decline. The sales drop marked the biggest slump since the third quarter of 2020 when factory closures due to COVID delayed the release of the iPhone 12. Still, the revenue drop came in ahead of investors' expectations, and the company's…
Question 1
Question 11 Any point on a country's production possibilities frontier represents a combination of two goods that an economy a. will never be able to produce. Ob. can produce using all available resources and technology. O c. can produce using some portion, but not all, of its resources and technology. O d. may be able to produce in the future with more resources and/or superior technology.
Question 2 a. In which way(s) is Sen's (1970) impossibility theorem of project choice superior or inferior to the conventional Cost-Benefit Analysis principles of project choice based on the Hicks-Kaldor compensation test.
QUESTION 3 Companies A, B, C were evaluated as prospective suppliers of timber to a furniture manufacturing company. Using the data in Table 1, which company was offered the contract to supply the timber. Table1: Evaluation Data. Criteria Weights Scores A Scores B Scores C Engineering/Innovation/research skills 0.5 5 3 2 Production Process Capacity 0.10 2 1 1 Distribution/delivery capacity 0.10 4 5 5 Quality systems and performance 0.05 2 3 3 Facilities/Location 0.05 2 2 2 Financial and managerial strength 0.10 4 4 5 Information systems capacity 0.05 2 1 3 Integrity (environmental compliance/ethics) 0.05 5 3 1
Question no 1: If you are a manager of a shoes manufacturing company, which strategy you would use to deal with the competitors.
Question: Explain some of the strategic, planning, and operational decisions that must bemade by an apparel retailer such as Outfitters ?Explanation of strategic, planning and operational decisions made by the apparel retailer
QUESTION 3 a. There are various models and techniques which one can use to analyse the environment within which a business operates. The most commonly used ones are PESTEL and SWOT Analysis. Describe how the SWOT Analysis works in relation to a company’s decision making.
Question 1 Part 1 Read the case below and answer true/false Case Assignment: CEC Entertainment, Inc (Chuck E. Cheese’s)For more than 35 years, Chuck E. Cheese’s has been one of the nation’s go-to venues for children’s birthday parties and rainy afternoon outings. Operating under the slogan “Where a kid can be a kid,” there are more than 575 Chuck E. Cheese’s locations in 47 states and 10 foreign countries or territories. Their goal is to provide a fun and safe environment for children to play and families to create memories, but in 2015 Chuck E. Cheese’s made improvements notfor the children, but for the parents. “Your average kid who comes to Chuck E. wants to come 11 times a year; they come three times a year. The difference between that and the 11 times a year they want to come is the mom and dad veto,” said Tom Leverton, CEO of CEC Entertainment, Inc. “What we’ve been doing over the past couple of years especially is trying to address the mom and dad…
QUESTION TWO (2) DUNA INCORPORATED is a business conglomerate that produces a variety of beverages (alcoholic and non-alcoholic], Food products (Noodles and Canned Foods) and Personal Care Items. They had been operating in the Nigerian Market for five (5) years and a study conducted by their Research and Development division observed the Nigerian market as vast with great but unequal opportunities. They are therefore in a quandary over which aspects of their business to keep, restructure, sell or invest more in. Using your knowledge of marketing strategy, advise DUNA INCORPORATED on the most appropriate course(s) of action and the implications of any such actions.
Question 5 You are receiving an shipment and come across a box of shaving cream. What should you do? Please choose all that apply. Receive the shaving cream Raise an Andon CSecure it well with bubble wrap after scanning it in O Note is as Flammable on your workstation Submit
Question Two As an investment advisor, you have been requested to advise a client on whether he should invest his ten million dollars in Zambia or in South Africa. What key theory would you apply to advise the client on the short term and medium term implications of investing locally and abroad?

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Question: 1) Discuss three factors that affect business success.