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Yanka [14]
2 years ago
13

You work in the marketing research department of Burger King. Burger King has developed a new cooking process that makes the ham

burgers taste better. However, before the new hamburger is introduced in the market, taste tests will be conducted. How should the sample size for these taste tests be determined? What approach would you recommend? Justify your recommendations to a group of students representing Burger King management
Business
1 answer:
Bogdan [553]2 years ago
8 0

Answer with its Explanation:

The first step is to diversify the sample size so that our sample includes every person from different cultures, geographic, religions, genders, etc., which would help in better assessment of the product's future in the market.

Second step is to set a sample size for receiving the feedback of the customers at required confidence interval that is Burger King's goal to achieve. For example, Burger King desires to achieve 93% customer satisfaction and the error rate would determined by using the confidence interval. This sample size would be calculated using the practical approach.

Third step is to ensuring that the errors in prediction are reasonably low by practical approach, confidence interval approach and diversified test samples. All this will help the company to ensure that they have accurate results in hand for decision making.

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A firm has 4 plants that produce widgets. Plants A, B, and C can each produce 100 widgets per day. Plant D can produce 50 widget
polet [3.4K]

Answer:

A Widgets Firm

Minimization of Shipping Costs to 3 Customers from 4 Locations:

Explanation:

a) Data and Calculations:

Shipping Costs per unit Plant Customer

c. $7125

Plants                                Customers

     Production       1                       2                      3                 Total

Demand units        75 units       100 units          175 units    350 units

A       100 units    $25                $35                  $15

B       100 units    $20                $30                 $40

C      100 units    $40                 $35                 $20

D       50 units     $15                 $20                 $25

To minimize shipping costs:

Satisfy Customer 1's 75 units from B = $20 x 75 =    $1,500

Satisfy Customer 2's 25 units from B = $30 x 25 =       750

Satisfy Customer 2's 25 units from C = $35 x 25 =      875

Satisfy Customer 2's 50 units from D = $20 x 50 =    1,000

Satisfy Customer 3's 100 units from A = $15 x 100 =  1,500

Satisfy Customer 3's 75 units from C = $20 x 75 =    1,500

Daily minimum shipping cost  =                                 $7,125

Minimizing the shipping cost to a location is not considered in isolation. The other locations must be considered.  For example, customer 1's shipping cost would have been minimized to $1,250 instead of $1,500 by shipping D's 50 units and B's 25 units.  But, this would have increased the shipping cost to customer 2 by $500 from $2,625 to $3,125.  Whereas, the company lost $250 shipping to customer 1, it gained $500 shipping to customer 2, thereby making a net gain of $250, instead of net loss of $250.

7 0
2 years ago
Country A has an absolute advantage over Country B in the production of both soybeans and corn. Explain a scenario in which both
Genrish500 [490]
This is a key idea with international trade.  This involves what is known as comparative advantage.
let's say country A can produce a ton of soybeans in 4 hours and a ton of corn in 2 hours.  While country B can produce a ton of soybeans in 15 hours and a ton of corn in 5 hours.  
Looking at this set up you can see that country A can produce both corn and soybeans faster, so they have an absolute advantage in both!
However what trade is based on is opportunity cost.  So if we think about how much corn country A has to give up to produce soybeans, they have to divert a total of 4 hours from corn to soy beans to produce one ton of soy beans.  That 4 hours could be used to produce 2 tons of corn (since 2 hours for 1 ton and we're taking away 4 hours!).  So opportunity cost of soybeans in country A is 2 corn.
In country B they would need a total of 15 hours to produce one extra ton of soybeans, but those 15 hours could instead be used to produce 3 tons of corn (5 hours per ton and we're stealing 15 total hours).  That means country B's opportunity cost is 3 corn.
Since A has a lower opportunity cost in produce soybeans they will specialize and B will specialize in corn.  
3 0
2 years ago
Considering the communication process, an advertisement of a particular copier machine model would be considered:
Leviafan [203]

Answer: encoding

Explanation:

Considering the communication process, an advertisement of a particular copier machine model would be considered encoding.

Encoding simply helps in the translatation of the idea relgarding a message into symbols or words which should be easily understood by the receiver. The copier machine is sending tothe sender.

5 0
2 years ago
The theory of _____, developed by Michael Porter, focuses on the importance of country factors, in addition to factor endowments
Lynna [10]

Answer:

The correct answer is letter "D": national competitive advantage.

Explanation:

American Professor Michael Porter (born in 1947) proposed the National Competitive Advantage Theory to give an idea of why some countries achieve success in determined industries compared to others. The theory, in other words, aims to explain nations' competitive advantage and the path to reach it.

Also known as Porter's Diamond Model, the factors Porter based his concept on are <em>firm strategies, structure and rivalry; related industries; demand conditions; </em>and<em>, factor conditions.</em>

7 0
2 years ago
What characteristics would make an encryption absolutely unbreakable? what characteristics would make an encryption impractical
ad-work [718]
<span>There's no such things as an unbreakable encryption. If an encryption is devised, it will eventually be broken/decrypted. However, there are certain measures or characteristics that can be put in place to prolong decryption like using a one-time pad encryption. This means the key is used only once; using a key once is a pretty good idea since a strong algorithm will be of no use when the key becomes known. This characteristics ensures that a new key is required for decryption on successive attempt. You could also consider adding a long sequence of characters or adding an extra layer of security by upgrading to 256 or 512 bit encryption, also use salting and multiple algorithms.</span>
6 0
2 years ago
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