Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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When choosing whether to make, lease, or buy, a manager must consider the profits to be made under each consideration.
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- Which of the following explanations for Walmart’s profitability is most likely true? Group of answer choices Walmart’s competitive advantage is derived from path dependance/historical conditions Walmart’s competitive advantage is derived from brand equity/customer perceptions All of the options are true Walmart operates in a very profitable industryarrow_forwardDifferentiate between:a. Qualitative analysis of risks and quantitative analysis of risks.arrow_forwardWhen looking at where opportunities might be found, there are four quadrants to consider per the illustration below. Please rate each of the four quadrants according with are lowest, medium and highest risk. Group of answer choices Market Development [ Choose ] Lowest Risk Highest Risk Medium Risk Diversity [ Choose ] Lowest Risk Highest Risk Medium Risk Market Penetration [ Choose ] Lowest Risk Highest Risk Medium Risk Product Development [ Choose ] Lowest Risk Highest Risk Medium Riskarrow_forward
- Explain the difference between Risk and a Threat?arrow_forwardA marketing plan may be included as part of a larger business plan. A solid marketing strategy is the foundation of a well-written marketing plan that will allow goals to be met. While a marketing plan contains a list of actions, it is useless to a business without a solid strategic foundation. The marketing plan will assist in determining who the target market is, the best way to reach them, the price point at which the product or service should be sold, and how the company will measure its efforts. Construct a marketing plan for your organization using marketing model canvas.arrow_forwardIt is best to succinctly and clearly express the five risk-reduction tactics.arrow_forward
- Consider the following firms and the salesperson incentive structure: a firm selling knives door to door at a set customer price; a firm selling jet engines to airlines at a negotiated price that is reviewed by many executives; and a firm selling cake mix to bakers and grocers where deals are made by individual salespeople. Which firm might find volume-based incentives most appropriate? Which firm might find revenue-based incentives most appropriate? Which firm might find profit-based incentives most appropriate? Is profit -based incentives always the most efficient? Why might a firm choose not to use them?arrow_forwardWhat are the characteristics of opportunity costs? Please explain them using examples you can find from the textbook.(Accounting for Decision Making and Control 10th Edition)arrow_forwardCompare and contrast the option to make or buy. What factors would one need to consider while making such a decision?arrow_forward
- identify the predominant Risk or assessment strategy that will be/is being implemented by a house flipping businessarrow_forwardhow can companies manage product portfolios to balance risk and reward?arrow_forwardAll of the following are considerations in risk assessment for framing health policies, except a. Does the outcome vary with degree of exposure, such as higher levels of exposure being more strongly associated with the outcome? b. Which groups are the most exposed to the factor(s) under consideration, and in what maginitude and frequency? c. Will an industry incur loss or see a narrowing of their profit margins if regulations to mitigate adverse health impacts of an associated product are implemented? d. What is the quality of evidence regarding strength of association between a potentially harmful exposure and an outcome?arrow_forward
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