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Question: In January, a sales manager estimates that there is only a ‘30% chance' that the sales of a new product will exceed one million units in the coming year. However, he is then handed the results of a sales forecast. This suggests that the sales will exceed one million units. The probability that this indication will be given when sales will exceed a million units is 0.8. However, the probability that the forecast will give this indication when sales will not exceed a million units is 0.4. Revise the sales manager's estimate in the light of the sales forecast.
What are the characteristics of being a holder in due course?- What special protection is given to a holder in due course?- What is a holder?
Discuss with justifications how the Fox Family Values guide its decision makings processes in relation to the Specific environment of Customers, Competitors and suppliers
In the 1980s Japan was viewed as one of the world's most dynamic economies. Today it is viewed as one of its most stagnant. Why has the Japanese economy stagnated?
The Appendix at the end of this chapter introduces various aspects of a career in marketing, such as types of marketing jobs, pay scales, preparation for interviewing, and what to expect the first year on the job.
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Conduct a portfolio analysis of the fundraising activities undertaken by your own nonprofit (or one with which you are familiar).
With labor being one of the major expenses in operations, do you think with the aid of the weekly manager's report that the labor percentage is in line? Assume 23.5% of net sales is the standard set by corporate guidelines.
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