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1. Insurance products are services. Describe Progressive Insurance's products in terms of the four characteristics of services. How does Progressive deliver value to its customers? In what stage of the product lifecycle are Progressive's products and why? 2. What are the advantages to customers to have either an insurance agent (indirect channel) or an online transaction (direct channel)? What are the disadvantages? How does each add value to the customer? 3. The Progressive video mentioned that prices might be different depending on whether the customer uses the agent or the online service. Based on the pricing considerations discussed in your text, does this pricing strategy appear to be customer focused? Why or why not? 4. Progressive and its two primary competitors, All State and State Farm, have all developed ‘characters' to communicate with the target market Flo, Mayhem, and Jessica are becoming the face of the companies. Using the humorous approach is one way companies hope to differentiate themselves from their competitors. Based on the ads for Progressive, All State and State Farm, can you differentiate each of the companies? Why or why not? Do you think the humorous approach works? Why or why not?
As a company grows illustrate what challenges might it face in replicating in different locations which made it successful. Elucidate how might these challenges be addressed.
illustrate what are your thoughts on having a "contingency" budget to use in event of these unplanned emergencies. Illustrate what are key managerial skills also competencies. Explain how they vary across management levels.
The forecasted demand for fudge for the next four months is 140,160,90 and 70 pounds. What is the recommended production rate if a level strategy is adopted with no back orders or stockouts?
Analyze the concept of "a dollar today is worth more than a dollar in the future," to define a capital project in terms of future and present values.
For firms that have multiple locations that would like their professionals from different teams to be able to collaborate efficiently
Past history says which tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Elucidate how many boxes of lettuce should supermarket purchase tomorrow.
Discuss to what extent these two aspects of control work together in successful organizations. Be sure to give an example or two to support the position you take on this.
Customers purchase the workstations every 3 years at an average cost of $1,500.00. Decide the average value of a loyal customer.
Describe an approach to a business diversity program that would be pragmatic and ethical.
Due to a down-turn in the economy, your company has been experiencing financial losses in revenue. You have been asked to put together a team that will find 3-5 low-cost or no-cost ways to resource costs by 25% for your company's main product line.
Garden Variety Flower Shop uses 750 clay pots a month. The pots are purchased at $2 each Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $20 per order.
Find the schedule and cost variances for a project that has an actual cost at month 22 of $540,000, a scheduled cost of $523,000, and an earned value of $535,000.
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