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- Installing fire-extinguishers is not a requirement in most households. With a fire distinguisher in a house, in the event of a fire, the fire can be put off quickly. This protect the life and property of the household that install it. This also prevent the fire from spreading to the neighbourhood and also benefits the neighbourhood. (a) Describe and explain with a market diagram for fire- extinguisher. Do you think the fire-extinguisher market is efficient? Explain. (b)If the fire-extinguisher market is not efficient, suggests one method to make it efficient.Value Proposition at Brenco GPS Security Solution A value proportion defines the product or service that an enterprise is producing with the aims at resolving customer pain or fulfilling a need of a customer segment. Brenco is a security and GPS service providers, reputable in the deployment of digital tracking devices. Brenco has proposed to produce and distribute a small GPS tracking device that you can attach to your bicycle, cars, luggage or other valuables and in the event of loss of theft it will locate the items. The value proposition we offer is the ability to track your valuable objects. Requires: As a senior business analyst at Brenco, you are required to identify and explain the set of features embedded in the value proposition of GPS tracking deviceCOMPANY FOREVER 21 WRITE THE Customer Value Proposition (A brief statement of how you will add value to the prospect’s business by meeting a need or providing an opportunity. Include a brief description of the product or servic) A. Product/Services that delivers value: B. Value proposition statement:
- A shop will decide to sell either product A or B or C in the coming season. Demand in that season can be high, average or low. Payoff table below shows the related returns in TL. You will create your own data for Product B row:)) States of nature Alternatives High demand Average demand Low demand Product A 2000 1000 -200 Product B Product C 1000 500 400 a. What would be the decision according to Minimax Regret? b. What is the maximum amount of money the company should pay for perfect information? (Assign probabilities for high, average and low demand)2. Come up with a decision using each of the different criteria under conditions of uncertainty using the table below. The payoff values are expressed as LOSSES and alpha = 0.5 State of Nature (Production Rate) Alternatives Very Low Low Moderate High Machine Brand A Machine Brand B Machine Brand C Machine Brand D Machine Brand E 163 125 -87 -19 58 128 -90 -59 36 40 185 -21 13 -56 -71 106 11 48 -55 107 Machine Brand F -98 -94 -24 Machine Brand G -33 176 165 16Which is larger, Ws or Wq? Explain.
- CASE STUDYFrom Holiday Inns to the InterContinental Hotels GroupThe history of the Holiday Inn motel chain is one of the great success stories in United States business. Its founder, Kemmons Wilson, while vacationing in the early-1950s, found the motels he stayed in to be small, expensive, and of unpredictable quality. This discovery, along with an unprecedented amount of highway travel due to the new, integrated interstate highway program, triggered a realization: there was an unmet customer need—a gap in the market for quality accommodations. Holiday Inn was founded to meet that need. From the beginning, Holiday Inn set the standard for offering motel features such as air-conditioning and icemakers while keeping room rates reasonable. These amenities enhanced the motels’ popularity, and motel franchising, which was Wilson’s own invention, made rapid expansion possible. By 1960, Holiday Inn hotels could be found in virtually every major city and on every major highway. Before the…6- Which one of the following variable, the firm can influence directly? a. Competition b. Consumers c. Store location d. TechnologySummarize examples 1.1 by determining the statement of the problem, objectives, choice of the response, variable, factors, design process. thank you
- Smart Key Co.Ltd. Is planning to launch the newly invented Laser keyboard that lets you convert any surface into a keyboard. The keyboard connects to any devices with a Bluetooth such as your iPad or cellphone. In making the product available in the market, the company is seeking your advice in the following issues. 1. Analysis of Consumer Behavior & Decision Making of the product 2. Dissuss in details of STP of the products.10. Factors influencing opportunity exploitation are customer value of product or service, stakeholder support and capable management team * True O False5. Business Feasibility Analysis of the demand (include highlights of the findings of the market feasibility study), risk (include business and market risks), environmental impact. 6. Justification of the Business Economic, social and personal benefits.