Answer:
Managers for an organic grocery chain were deciding whether to open a new store in a neighborhood currently unserved by any competitors. One manager felt that the lack of competitive presence was an opportunity to capture the newest customers. Another manager viewed the lack of a competitor in the area as an indicator that the local community may not be interested in organic products. This difference in perspective illustrates the concept of Management.
Explanation:
The art of getting things done through others in an orderly and effective manner is referred to as management. It is the process of getting things done through others with the help of some basic activities like planning, organizing,directing, coordinating and controlling.
Managers were proposing different ideas on how to achieve a goal, which is to decide whether to open a new store in a neighborhood currently unserved by any competitors, thus, the difference in their perspective illustrates the concept of Management.
Answer:
A) the probability that the asset will pay well is 51.16% and the probability that it pays poorly is 48.84%.
B) She should not invest in the asset because the expected value = the price asset, there is no expected profit.
Explanation:
There are 2 probable returns:
- Asset will pay well = P = $45,000
- Asset will pay poorly = 1 - P = $2,000
since the principal = $20,000, and the expected value = $20,000, the expected value equation would be:
45,000p + 2,000(1 - p) = 20,000
45,000 + 2,000 - 2,000p = 20,000
43,000p = 22,000
p = 0.5116 or 51.16%
1 - p = 48.84%
Watchful Eyes would probably benefit from departmentalization by Customer type
.
<u>Explanation:
</u>
The departmentalization applies to the hierarchical structure and partnership between the company and different departments and management roles. As a company expands, its divisions are expanded and more site-units are formed, introducing more management layers.
LA Gear is also an example of a company utilizing departmentalization of the product. The system is based on its wide range of products like female footwear etc. Departmentalization of the operation – Grouping of product/service processes or customer flow behaviour
Departmental business services–Grouping on the level of specific clients or consumer forms, Jobs may be classified by the group of customers the company represents. I assume that each organization's customers have a specific set of problems and criteria which specialists can better fulfill.
