Spent summers cutting neighbors lawns for extra income

Assignment Help Operation Management

Reference no: EM131129864

Stay-Sharp Cutlery Jeff is a 22-year old who has always wanted to run his own business. As a kid, he spent summers cutting neighbors' lawns for extra income. Jeff recently became a Stay-Sharp Cutlery sales associate. Stay-Sharp is a high quality, custom-made cutlery product that does not dull over time. Although he represents the Stay-Sharp company, Jeff is able to call the shots of his new business. Jeff's success in his new venture is contingent on how much work and effort he puts in. Answer the following question based on the scenario described above. Jeff understands that personal selling is not always the best selling approach for all products. Which of the following products would be better promoted with an advertising or sales promotion approach? a. Wood-burning stove b. Custom-made blinds c. Commercial washing machine d. Laundry detergent e. Insurance policy

Reference no: EM131129864

Questions Cloud

Direct and indirect approaches : Determine whether the direct or indirect approach would be advisable in organizing a report on the topic. Indicate your choice and provide a statement to explain your reason(s) for each choice. The monthly financial report prepared by the accounting ..

Some of positive outcomes for businesses-consumers-education : What in the world is this Web 2.0 thing? Explain. What are some of the positive outcomes for businesses, consumers and education? What is e-business? What are some of the positive and negatives of engaging in this form of business? What is m-commerce..

Quantity discounts-what is the economic order quantity : The hospital also buys plasma for use in surgical procedures. The demand for plasma is 2,028 units per year. There is a $40 cost to place an order and the cost per unit of plasma to hold it in inventory for the year is $60. What is the economic order..

Single-period inventory system-target service level : The hospital cafeteria makes one large batch of macaroni and cheese each morning. If the cafeteria runs out of macaroni and cheese, the last few customers are less than satisfied, but if the cafeteria makes too much, it can be sold to the local hog f..

Spent summers cutting neighbors lawns for extra income : Stay-Sharp Cutlery Jeff is a 22-year old who has always wanted to run his own business. As a kid, he spent summers cutting neighbors' lawns for extra income. Jeff recently became a Stay-Sharp Cutlery sales associate. Stay-Sharp is a high quality, cus..

Summarize the firm history-economic-social-political forces : Select a GLOBAL Fortune 500 company (it cannot be a company you work for) that operates in the United States and in other nations around the world. Summarize the firm’s history, the economic, social, and political forces that affect it most.

Reduced costs mean that the problem is minimization problem : Reduced costs mean that the problem is a minimization problem. The allowable increase and decrease tell you how much you can change the objective function coefficient without changing the optimal solution. The allowable increase and decrease tell you..

Calculate the theoretical intrinsic value of the call option : Given the following information, calculate the theoretical intrinsic value of the Call option using the Black Scholes Model. IF the market price for the Call option = $11, should the investor buy? S = 14 = Stock Price X = 16 = Exercise or Strike Pric..

What are the goals of the grievance process : Is the grievance process an effective means of dispute resolution in both union and non-union situations? What are the goals of the grievance process?

User Account

All Pages