Sumo et al. (2022) wrote about “The Role of Extension Services in Supporting Rural Farmers in Developing Countries". This review of the literature discusses the function of development programs in assisting smallholder farmers in rural areas of emerging nations. The analysis discovers that by giving farmers the information and abilities required to boost productivity, get access to markets, and adopt sustainable agricultural methods, extension services can play a critical role in assisting them in coping with rising food prices. The review emphasizes the significance of adjusting value addition to smallholder farmers' needs, by employing interactive approaches, offering services in local languages, and involving women and other minority communities. 1. Based on the passage above give a short explanation of what the passage intends for the reader?

Sumo et al. (2022) wrote about “The Role of Extension Services in Supporting Rural Farmers in Developing Countries". This review of the literature discusses the function of development programs in assisting smallholder farmers in rural areas of emerging nations. The analysis discovers that by giving farmers the information and abilities required to boost productivity, get access to markets, and adopt sustainable agricultural methods, extension services can play a critical role in assisting them in coping with rising food prices. The review emphasizes the significance of adjusting value addition to smallholder farmers' needs, by employing interactive approaches, offering services in local languages, and involving women and other minority communities. 1. Based on the passage above give a short explanation of what the passage intends for the reader?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section11.4: Marketing Models

Problem 30P: Seas Beginning sells clothing by mail order. An important question is when to strike a customer from...

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Seas Beginning sells clothing by mail order. An important question is when to strike a customer from the companys mailing list. At present, the company strikes a customer from its mailing list if a customer fails to order from six consecutive catalogs. The company wants to know whether striking a customer from its list after a customer fails to order from four consecutive catalogs results in a higher profit per customer. The following data are available: If a customer placed an order the last time she received a catalog, then there is a 20% chance she will order from the next catalog. If a customer last placed an order one catalog ago, there is a 16% chance she will order from the next catalog she receives. If a customer last placed an order two catalogs ago, there is a 12% chance she will order from the next catalog she receives. If a customer last placed an order three catalogs ago, there is an 8% chance she will order from the next catalog she receives. If a customer last placed an order four catalogs ago, there is a 4% chance she will order from the next catalog she receives. If a customer last placed an order five catalogs ago, there is a 2% chance she will order from the next catalog she receives. It costs 2 to send a catalog, and the average profit per order is 30. Assume a customer has just placed an order. To maximize expected profit per customer, would Seas Beginning make more money canceling such a customer after six nonorders or four nonorders?
Khan et al. (2022) studied "The Impact of Climate Change on Rural Farmers in Developing Countries." This literature review investigates the effects of climate change on smallholder farmers in rural areas of developing nations. According to the review, smallholder farmers have significant adverse effects from climate change, such as decreasing crop yields, increased pest and disease challenges, and restricted access to water resources. If farmers are forced to spend more on inputs and might find it difficult to sell their produce in unstable markets, these effects are likely to be made worse by rising food costs. The review emphasizes the value of policies and interventions that help small-scale farmers become more climate resilient. Examples include enhancing water management procedures, promoting sustainable agriculture, and investing in rural infrastructure. Based on the passage above give a short explanation of what the passage intends for the reader?
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The COVID-19 pandemic resulted in business closures in the severely affected industries. The pandemic also affected the revenues and cash flows of the other companies which continued to operate. This can be attributed to the reduced number of customers who visit malls, stores, and restaurants as a result of the imposition of lockdowns. If a company aims to survive, its corporate board and senior management must act swiftly to address the dwindling cash balance. More frequent board meetings must be held to identifv sources of cash inflows and thereby ensure the continuing liquidity of the business. The board and senior management must formulate the company's contingency funding plan. Indicate actions that must be done in addressing a company's declining cash position during these times. Give 3 answers for each grouped item. 1. Specific Action Persons Responsible Effect on Cash Balance
With 5G technology available, 5G networks will move towards a new era of mobile communications by mid-2020. Various models of 5G smartphones will be launched in the market that allow customers to enjoy 5G network’s ultra-high speed browsing experience and low latency. To provide pioneering service and to attract customers in favour of the latest mobile communication technology, Advanced Telecommunications Ltd. (ATL) has been working closely with a prestigious phone manufacturer, Banana, to launch different 5G smartphones ranging from entry-level to high-end ones with the aim of satisfying customers’ needs. Since ATL aims to expand its market share by persuading existing customers to use superfast 5G broadband, a total of 100 free 5G smartphones will be offered to its current phone users. Assume you are Morris Hui, the marketing manager of ATL. You plan to meet with Regina Chan, the director of sales and marketing of ATL to discuss a marketing plan to promote 5G service available for…
Tiktok is an app for sharing and making short videos. It is owned by a Chinese company, ByteDance Ltd. Its main services and features are to make 15 seconds to 1-minute long dance, funny, comedy, educational, and musical videos. The platform offers to make 3 minutes longer videos to its high-ranking users. Currently, the Philippines has 36.0 million active TikTok users aged 18 and above. In this activity, you are going to list 5 strengths, 5 weaknesses, 5 opportunities and 5 threats of the TikTok app.
Due to inflation in Australia in December 2019, the price for petrol increased from AUD1.35 to AUD 1.45. This caused petrol consumption to decrease from 2500 liters to2450 liters at a 7-Eleven Petrol Station in Sydney.Also, when the price for Hyundai 7.5kW Inverter Split System Air Conditioner (ReverseCycle) increased from AUD 950.00 to AUD 990.00; demand for these air conditionersfell from 2500 units to 2000 units.Following this condition, answer the questions below.i. Using the mid-point formula calculate the price elasticity of demand for petroland Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle).ii. Is the price elasticity of demand: elastic, unit elastic, or inelastic for eachcommodity (petrol and Hyundai 7.5kW Inverter Split System Air Conditioner(Reverse Cycle)? iii. Suppose the government decides to increase tax for petrol and Hyundai 7.5kWInverter Split System Air Conditioner (Reverse Cycle). Use two diagrams toexplain the incidence of the tax increase for…
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