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Consumer Behaviour Questions
1. Products and commercial messages often appeal to customer's perception and senses but they don't notice,
(a) Outline and explain the perceptual process that would allow a customer to recognize the coca-cola in convenient store (e.g. 7-11 or circle-K)
(b) Outline and explain the sensation stimuli a customer encounter when there is a free BBQ meat trial at supermarket; and how that leads to purchase action.
Describe one quantitative method of monitoring resource usage.
evaluate the financial impacts of the decision (or of not making the decision) in terms of costs, revenue and/or service levels and describe the relevant stakeholders in the decision
Identify four key areas you need to forecast? Why did you select those four areas?What forecasting techniques will provide you with the appropriate information you will need in making decisions?
The interviewer asks you the following question: "Explain a specific example in which you used critical thinking/problem solving strategies to solve a problem
What implications does this committment have for strategic operations management decisions (i.e. decisions relating to capacity and workforce)?
How do firms in a Perfectly Competitive market determine price and profit-maximizing output levels?
Joe Birra needs to purchase malt for his microbrewery production. His supplier charges $35 per delivery (no matter how much is delivered) and $1.20 per gallon. Joe's annual holding cost per unit is 35 percent of the price per gallon. Joe uses 250 ..
-Conduct research to learn of another significant communication error a business, organization, or agency has made.
Using the same number of memberships sold last year in the two towns and assuming the marginal cost is 0 as per the notes provided in the assignment, the price charged was found to be the following:
Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks.
Where are the main differences and how does the hospitality industry justify the differences.
What would be the best decision based on the maximax criterion and what would be the best decision based on the maximin criterion?
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