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WorthPoint is an online service letting customers determine the likely resale value of their art, antiques and collectibles. WorthPoint offers a vast database of historical prices for auction sales of personal property, focusing mostly on antiques and collectibles. It is especially popular with antique shop owners and serious collectors, but can also be used to value just one or two items - typically of interest to those who have inherited "grandma's china." As you read the WorthPoint case, be thinking about these questions:
What was the original business model conceived by Will Seippel?
How did the business model change through the years? Why?
Would you call WorthPoint a success today? Why or why not?
"Your firm must decide if and when to replace an existing machine. Consider the following information.
The decimal value of each character in the words is listed in the table below. Please calculate the Checksum of the words " I bite". You need to show the computation process.
A manager at Stateline Manufacturing must choose between two shipping alternatives: two-day freight and five-day freight. Using five-day freight would cost $138 less than using two-day freight. The primary consideration is holding cost, which is $10 ..
A step-by-step description of the current process. This can follow a similar example of the Hewlett Packard situation in Section 19.1 of the textbook related to postponement and customization with local printer configurations. An analysis of the c..
Reflect on the key components that make a project successful. Include factors in planning, implementing and closing.
List five sources of external and internal information on international markets.
You are the project manager of a home improvement project. One of the work packages in your plan called for painting 10 equally sized rooms. The budgeted cost of this work package was a total of $2,000. In your team meeting you are told that 6 of the..
Maintenance Planning: In a large hotel, the maintenance department is responsible for repairing anything that breaks in the rooms.
What are dependencies / logical relationships between project activities? How are they used to construct a project schedule?
Have unions outlived their usefulness in the US economy, should be shut down as a right of employees to bargain with their employers?
How much palm oil should Sarah purchase with each order (in kgs), i.e., what is the value of the economic order quantity (EOQ)?
John manages a convenience store in which he sells phone cards to consumers. What is the optimal order quantity? What is the optimal reorder point?
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