What data organization needs in order to make good decision

Assignment Help Business Economics

Reference no: EM135184

Q1. Pick one important business decision and discuss why knowledge of the state of the economy using macroeconomic indicators should improve decision-making. Make sure you specify which decision process you are analyzing, for example, the decision to buy additional equipment to increase production.

In your discussion, make sure you indicate (1) what data the organization needs in order to make good decisions and (2) how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.

Q2. If Starbucks's marketing department estimates the income elasticity of demand for its coffee to be 1.95, how will the prospect of an economic bust (expected to decrease consumers' incomes by 6 percent over the next year) impact the quantity of coffee Starbucks expects to sell?

Reference no: EM135184

Questions Cloud

Prepare an original code of ethics for your company : Your task is to prepare an original Code of Ethics for your company or organization. You may also select to create a Code of Ethics for a fictitious organization or company if you prefer not to use your employer

Opengl assignment using c++ : This is an OpenGL assignment using C++. Work on a particle and mesh visualization tool. Data: Consider a point cloud as input data. Every point is described by a position p = (x, y, z) and a data value d = (d0,d1,d2).

Find out the y component of the magnetic field : A 2.0-C charge moves with a velocity of (2.0i + 4.0j + 6.0k) m/s and experiences a magnetic force of (4.0i - 20j + 12k) N. The x component of the magnetic field is equal to zero. Find out the y component of the magnetic field.

Why do celebrity icons receive such widespread attention : Why do celebrity icons receive such widespread attention and adulation

What data organization needs in order to make good decision : What data the organization needs in order to make good decisions and how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.

How much ice add to obtain a final temperature of 31 : If she is served 200 of coffee at 84 in a well-insulated container, how much ice at 0 should she add to obtain a final temperature of 31.

How much time would observer have measured for the car : Assume, instead, that the observer had been moving away from Earth with a speed of 0.80c. How much time would observer have measured for the car to be filled in this case.

What is the mass of sculpture : What is the mass of sculpture (in kg) assume that the local acceleration due to gravity is 9.80 m/s2.

Function of resources and leadership roles in it management : What is the function of resources and leadership roles in IT management? What types of software and software trends are relevant to managers?

User Account

All Pages