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Based on the scenario with Max Games, answer the following questions based on what your decisions are and why you made that decision.
What is the first step you will take in developing your strategy?
Your Solution:
Having gathered the necessary market research data, you have found that your product is not very different than competitive products and priced about the same. But you also found that none of the products on the market (including your own), has the capabilities of a digital camcorder. Would it be better to lower the price of your current product to target a larger demographic, develop and engineer a new product with camcorder capabilities, or modify your existing product with camcorder components from the secondary market?
Now that you have a strategy, you are now faced with the challenge of justifying your decision with a cost benefit analysis. What key aspects will you include in your cost benefit analysis to convince the CEO to adopt your plan?
Jeff Fox is the controller of a cooperation whose stock is not listed on a national stock exchange. The company has just received a patent on a product that is expected to yield substantial profits in a year or two. Did Fox act in an ethical manner..
For business ethics and dilemmas in the hypothetical business conditions below, critically discuss the basic elements of business formation:
Analyze and identify the commonalities in terms of these leaders' personalities, communication styles, ego, personal will, and other leadership qualities.
What is a good mix of operations management skills and knowledge.
Describe a defined benefit plan and also explain the difference between service cost and prior service cost
HighTech, Inc., manufactures computer chips and components. HighTech has just introduced a new version of its memory chip, which is far faster than the previous version.
Find the carrying cost and the optimal order quantity of a Shoe Shine company.
What is the difference between leader pricing and bait pricing? What do they have in common?
Equate the following training methods: simulations, presentations, case studies and discussions. Determine which training technique you believe to be the most effective and explain why.
Illustrate out the meaning of the term contingencies. Should contingency costs be included in a project proposal? Explain your answer.
How does President George Washington's rules apply to the concept of leadership-and What lessons do you think President Washington was teaching future leaders?
Linear optimization includes building a working model of an existing problem as well as utilizing a variety of tools to find a solution that fits within a variation of existing criteria
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