Individual differences in evaluating which risks are worth

Assignment Help Operation Management

Reference no: EM13904838

A small company that sells hand-made wooden furniture in the U.S. has imported some of its stock from the Philippines for the past 10 years. The fees for shipping the furniture from the Philippines to the U.S. is regularly double to triple the cost of the furniture itself. It has decided to look into the possibility of setting up its own small shipping company to improve shipping service in a way that directly reduces its own costs and makes extra revenue by providing shipping to other companies.

What information will the company would need to make this decision? Is a marketing research project still warranted if the company has some familiarity with the Philippines from its past years of business and is reluctant to invest tens of thousands of dollars into research? Discuss the nature of risk, the degree to which some risks can be quantified while others are subjective, and the individual differences in evaluating which risks are “worth it”

Reference no: EM13904838

Questions Cloud

Is the project acceptable under the npv technique : Calculate the project's net present value (NPV). Is the project acceptable under the NPV technique? Explain. Calculate the project's internal rate of return (11a). Is the project acceptable under the IRR technique? Explain.

Explain what action or actions lance and cadella could bring : Explain what action or actions Lance and Cadella could bring against Parramatta Council

What is your personality profile : What would the job be, where it would be, and what you would be doing on a daily basis? What is your personality profile? Did you agree with your personality results? What was surprising to you?

Example of this strategy with a real life organization : Which of the entry strategies do yo think is most interesting and why? Provide an example of this strategy with a real life organization? (Organizational Structure is a key element in getting firm capabilities and resources to work right for you.

Individual differences in evaluating which risks are worth : A small company that sells hand-made wooden furniture in the U.S. has imported some of its stock from the Philippines for the past 10 years. The fees for shipping the furniture from the Philippines to the U.S. is regularly double to triple the cost o..

Conflict-resolution strategy that would effectively solve : Supertowne (a fictitious organization) is a nationwide superstore. The board of directors and leadership has decided to expand Supertowne, opening stores in both Canada and Mexico. Their long-range plans include expansion into many other countries. Y..

Warton company posts its sales invoices : Warton Company posts its sales invoices directly and then binds them into a Sales Journal. The company had the following credit sales to these customers during July.

Amount of interest paid by debbie : Debbie McAdams paid 8% interest on a $12,500 loan balance. Jan Burke paid $5,000 interest on a $62,500 loan base on 1 year (a) what was the amount of interest paid by Debbie?

Find the potential inside the sphere : Is there any change in the solution if the sphere is kept at a fixed potential V? What about if the sphere has a total charge Q on its inner and outer surfaces?

User Account

All Pages