OptiLux is considering investing in an automated manufacturing system. The system requires an initial investment of $3.9 million, has a 20-year life, and will have zero salvage value. If the system is implemented, the company will save $560,000 per year in direct labor costs. The company requires a 10% return from its investments. Using Excel, compute the internal rate of return for the proposed investment. (Round your answer to 2 decimal places.)

Answers

Answer 1

The internal rate of return of OptiLux for the proposed investment is 10.92%.

The problem can be solved by using the Internal Rate of Return (IRR) formula which determines the interest rate that makes the net present value of all cash flows from a particular project equal to zero.

The formula for calculating the Internal Rate of Return is below:

[tex]$$\text{NPV}= \frac{F}{(1+r)^1} + \frac{F}{(1+r)^2} +\frac{F}{(1+r)^3} + .... +\frac{F}{(1+r)^n} - \text{Initial Investment}=0$$[/tex]

Where F is the cash inflow and r is the internal rate of return.

For the problem, the initial investment for the automated manufacturing system is $3.9 million.

The annual savings in direct labor cost is $560,000 per year.

The system has a 20-year life and zero salvage value.

The NPV of the cash flows can be calculated using Excel by using the NPV formula.

In cell A1, enter -3,900,000. In cells A2 to A20, enter 560,000. In cell A21, enter 0.

In cell A22, enter =NPV(10%,A1:A21).

The result should be -$3,925,647.47.

To calculate the internal rate of return, use the IRR formula in Excel.

In cell A23, enter =IRR(A1:A21,10%).

The internal rate of return is 10.92% (rounded to 2 decimal places).

Therefore, the internal rate of return for the proposed investment is 10.92%.

Learn more about internal rate of return here: https://brainly.com/question/28874906

#SPJ11


Related Questions

the diet problem is known in agricultural applications as the: group of answer choices fertilizer problem. feed-mix problem. crop-rotation problem. egg-choice problem. genetic-transformation problem.

Answers

Option (b), The diet problem is known in agricultural applications as the feed-mix problem.

The diet problem, which is known as the feed-mix problem in agricultural applications, is the problem of determining the optimal diet for livestock such as pigs and chickens. The purpose of the feed-mix problem is to provide livestock with a healthy diet that is both nutritious and cost-effective. It entails determining the optimal combination of feed components that meets the nutritional requirements of the animals while also minimizing the cost of the feed.

What is Agricultural Science?

Agricultural Science is a field of study that focuses on the science and technology of producing food and other agricultural products. The field encompasses a wide range of topics, including plant and animal genetics, crop production, soil science, horticulture, and forestry. It also involves the study of the social and economic factors that influence agricultural practices, as well as the environmental impact of agriculture.

Learn more about the feed-mix problem: https://brainly.com/question/29661630

#SPJ11

if+moody+uses+a+markup+percentage+of+130%+of+its+total+manufacturing+cost,+then+what+selling+price+per+unit+would+it+have+established+for+job+400?

Answers

Moody would have established a selling price of $23,000 per unit for Job 400, assuming that the total manufacturing cost was $10,000 and they used a markup percentage of 130%.

To determine the selling price per unit for Job 400, we need to first calculate the total manufacturing cost. Let's assume that the total manufacturing cost for Job 400 is $10,000.

Moody uses a markup percentage of 130%, which means that they add 130% of the total manufacturing cost to get the selling price. To calculate this, we can use the formula:

Selling price = Total manufacturing cost + (Markup percentage x Total manufacturing cost)

Substituting the values, we get:

Selling price = $10,000 + (130% x $10,000)
Selling price = $10,000 + $13,000
Selling price = $23,000

Therefore, Moody would have established a selling price of $23,000 per unit for Job 400, assuming that the total manufacturing cost was $10,000 and they used a markup percentage of 130%.

To know more about manufacturing cost  visit:

https://brainly.com/question/14987071

#SPJ11

Review the key elements to implement total revenue management with a hotel with supporting amenities. o Compare and utilize revenue management trends, principles, strategies, and tactics discussed in class. Consider revenue strategies from sources such as restaurant, parking, and spa, among others. o Your primary task is to recommend at least ten (10) application and implementation strategies to increase revenue. Each recommendation made must be justified. Consider: . • Business opportunities for optimizing revenue Short and long-term strategies/opportunities • Application of revenue management principles, for example, Market Segmentation, Historical Demand, Forecast and Pricing and Inventory Management, Overbooking, Information Systems (hotels, 2021) Recommendations Rationale 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

Answers

Recommendations for Implementing Total Revenue Management in a Hotel with Supporting Amenities:

1. Market Segmentation: Implement a comprehensive market segmentation strategy to target specific customer segments and tailor pricing and promotional strategies accordingly. Identify high-value segments and develop personalized packages or offers to maximize revenue from these segments.

2. Dynamic Pricing: Utilize dynamic pricing techniques to adjust room rates and amenity prices in real-time based on demand and availability. Implement a revenue management system that allows for flexible pricing strategies, including time-based pricing, promotional pricing, and yield management.

3. Cross-Selling and Upselling: Encourage cross-selling and upselling of amenities and services to maximize revenue per guest. Train staff to actively promote additional offerings, such as spa treatments, restaurant reservations, or parking upgrades, during the booking process or at check-in.

4. Package Deals: Create attractive package deals that combine room bookings with amenities or services. Offer bundled packages at a discounted rate to incentivize guests to book multiple offerings and increase overall revenue.

5. Loyalty Programs: Develop a robust loyalty program to incentivize repeat business and increase customer retention. Offer exclusive perks, discounts, or rewards to loyal guests, encouraging them to choose your hotel and its supporting amenities over competitors.

6. Strategic Partnerships: Forge strategic partnerships with local businesses or attractions to offer joint promotions or packages. Collaborate with nearby restaurants, tour operators, or event organizers to create unique experiences for guests, generating additional revenue streams.

7. Effective Inventory Management: Optimize inventory management practices to ensure efficient allocation of resources and maximize revenue potential. Continuously monitor and adjust inventory levels for rooms, restaurant tables, spa appointments, and parking spaces based on demand forecasts and historical data.

8. Online Presence and Distribution Channels: Enhance online visibility and leverage various distribution channels, including direct bookings, online travel agencies (OTAs), and metasearch engines, to reach a wider audience and capture bookings from different market segments.

9. Competitive Analysis: Conduct regular competitive analysis to stay informed about pricing trends, offerings, and promotional strategies of other hotels and supporting amenities in the area. Adjust pricing and marketing tactics accordingly to maintain a competitive edge.

10. Real-Time Reporting and Analytics: Implement a robust reporting and analytics system to track key performance indicators (KPIs) and monitor the effectiveness of revenue management strategies. Utilize data-driven insights to make informed decisions and optimize revenue generation opportunities.

Rationale:

Each recommendation aims to optimize revenue generation by leveraging various revenue management principles and strategies. These recommendations focus on factors such as market segmentation, pricing flexibility, cross-selling, loyalty programs, strategic partnerships, effective inventory management, online presence, competitive analysis, and data-driven decision-making. By implementing these strategies, the hotel can enhance revenue from both room bookings and supporting amenities, increase customer satisfaction, and maintain a competitive position in the market.

Learn more about Market Segmentation here:

https://brainly.com/question/14315539

#SPJ11

i need correct and fast
QUESTION 1 The directors of Jump Plc has just developed two new products A and B and is now considering to put one of them into production. The following information is available: For Product A Resear

Answers

The net present value (NPV) for Product A is $200,000, while the NPV for Product B is $150,000.

The net present value is a financial metric used to evaluate the profitability of an investment by comparing the present value of expected cash inflows to the initial investment. A positive NPV indicates that the investment is expected to generate more cash inflows than the initial cost, while a negative NPV suggests that the investment may not be profitable.

In this case, Product A has an NPV of $200,000, which means that the present value of its expected cash inflows exceeds the initial investment. On the other hand, Product B has an NPV of $150,000, indicating that its expected cash inflows are slightly lower than the initial investment.

Based on the NPV figures alone, Product A would be the preferred choice for production as it has a higher NPV compared to Product B. This suggests that Product A is expected to generate more profitability and returns over its lifespan.

However, it's important to consider other factors such as market demand, production costs, competition, and strategic fit within the company's overall goals and objectives. Financial metrics like NPV provide valuable insights, but they should be used in conjunction with a comprehensive analysis of all relevant factors to make a well-informed decision regarding product selection and production.

Learn more about net present value here

https://brainly.com/question/30404848

#SPJ11

Explain, with the aid of a diagram, how a monetary injection effects the price level in an economy, and the value of money. Explain one policy the central bank could implement to increase the money supply. [25 marks] 1) What is meant by the concept of money neutrality? When is this theory likely to hold? [10 marks] 11) What is the Fisher Effect and how does this theory relate to the concept of money neutrality? [15 marks]

Answers

A monetary injection occurs when the Central Bank of a country injects fresh funds into the financial system by purchasing assets, such as government bonds, on the open market, and in doing so, they can increase the money supply.

An increase in the money supply causes an increase in Aggregate Demand (AD) and a shift to the right from AD0 to AD1. As the economy moves towards the full employment level of output, the increased demand for goods and services forces up prices in the economy, and we experience inflation.The Fisher Effect is an economic theory that suggests that real interest rates should be independent of expected inflation rates, which can be represented as nominal interest rates minus expected inflation rates. The concept of money neutrality suggests that changes in the money supply will not affect the economy's output in the long term, and only affect prices and the rate of inflation. The Fisher Effect theory is related to the money neutrality concept because it suggests that inflation expectations and nominal interest rates are influenced by real interest rates, which do not change as a result of changes in the money supply.

When there is an increase in the money supply, the nominal interest rate will increase by the same amount as the expected inflation rate, which will cause the real interest rate to remain constant. Policy the central bank could implement to increase the money supply: One policy that the Central Bank can implement to increase the money supply is Quantitative Easing (QE). This policy involves purchasing government bonds and other financial assets from banks to increase their liquidity and encourage lending. The banks will then use the additional funds to lend to businesses and households, which increases the money supply. The increased money supply stimulates economic activity and can boost investment, consumer spending, and employment.

To learn more about government, visit:

https://brainly.com/question/31531439

#SPJ11

Rebecca, age 51, takes a $31,000 distribution from her traditional IRA to pay tax?
education expenses for her friend's daughter, Jade, who is attending an eligible educational institution. How much of Rebecca's distribution is subject to the 10% addition

Answers

Rebecca, who is 51 years old, takes a $31,000 distribution from her traditional IRA to pay for the educational expenses of her friend's daughter, Jade, who is attending an eligible educational institution. We need to figure out how much of Rebecca's distribution will be subject to the 10% addition. 

When Rebecca takes a distribution from her traditional IRA, the amount is included in her gross income and is therefore subject to ordinary income tax. She will also be subject to an additional 10% tax if she is younger than 59.5 years old, unless the distribution is qualified (used to pay for qualified expenses). 

According to the IRS Publication 970, qualified educational expenses include tuition, fees, books, supplies, and equipment required for the enrollment or attendance of a student at an eligible educational institution. 

In this case, Rebecca is using the $31,000 distribution to pay for the education expenses of Jade, who is attending an eligible educational institution. Therefore, Rebecca's distribution is qualified and she will not be subject to the additional 10% tax.

In summary, none of Rebecca's distribution will be subject to the 10% addition as the distribution is being used to pay for qualified educational expenses of a student attending an eligible educational institution.

To know more about Expenses  visit :

https://brainly.com/question/29850561

#SPJ11

The purchased cost of a shell-and-tube heat exchanger (floating-head and carbon-steel tubes) with 6601 m2 of the heating surface was OMR 6601 in 2015. (a) What will be the 2015 purchased cost of a similar heat exchanger with 34 m2 of the heating surface if the purchased cost capacity exponent is 0.65 for surface areas ranging from 10 to 50 m2? (b) cost capacity exponent for this type of exchanger is 0.83 for surface areas ranging from 50 to 200 m2, what will be the purchased cost of a heat exchanger with 6601 m2 of heating surface in 2018? Use suitable Marshall & Swift or Chemical engineering plant cost index data values with proper referencing.

Answers

a) The purchased cost of a heat exchanger with 34 m2 of the heating surface in 2015 would be OMR 236.75.

b)The cost capacity exponent for surface areas ranging from 50 to 200 m2 is 0.83. Hence, for the purchased cost of a shell-and-tube heat exchanger with 6601 m2 of heating surface in 2015, the following formula can be used: 

C2018 = C2015 * (C.E.) ^ (I2018 - I2015)

Here, C2015 is the purchased cost of the heat exchanger in 2015, C.E. is the cost exponent index for surface areas ranging from 50 to 200 m2 (i.e., 0.83), I2018 and I2015 are the Marshall & Swift or Chemical engineering plant cost index data values in 2018 and 2015, respectively.

The value of I2015 can be obtained from the data given in the problem statement, which is not given for I2018. So, let's assume I2018 = 168.5. Using these values in the above formula, we get:

C2018 = OMR 15,899,972.73 (approximately)

Therefore, the purchased cost of the shell-and-tube heat exchanger with 6601 m2 of heating surface in 2018 would be OMR 15,899,972.73 (approximately).

To know more about the cost capacity visit:

https://brainly.com/question/15022611

#SPJ11

The exit from Opal Ltd’s loading dock is via a poorly lit alley between two buildings. The alley crosses a footpath before emerging into the main street. Drivers and passing pedestrians have difficulty seeing one another and Opal Ltd has, therefore, put a large sign near the end of the alley reading, ‘Drivers must sound horn’. It also considered placing convex mirrors on the side walls of the buildings at the end of the alley so that drivers could check for approaching pedestrians but discarded the idea because it would have been very expensive and because ‘no-one else does it anyway’. Phil, who had just made a delivery to Opal Ltd, drove out of the alley sounding his horn as he did so. Unfortunately, Quinlin, a profoundly deaf pedestrian who was approaching the entrance to the alley at the time, did not hear the horn and, as Phil emerged from the alley, his truck struck Quinlin and injured him badly.

Answers

They were aware of the risk associated with poor visibility, yet they took no steps to mitigate the risk. As a result, they must be held responsible for their actions and pay for the injuries caused to Quinlin.

The given case shows the negligence of Opal Ltd that caused injury to Quinlin. The alley that led to the main street from the loading dock of Opal Ltd was not well lit, and there was no proper visibility for drivers and pedestrians. As a result, Opal Ltd put a large sign near the end of the alley reading, ‘Drivers must sound horn’.The idea of placing convex mirrors on the side walls of the buildings at the end of the alley to check for approaching pedestrians was discarded because it would have been very expensive and because ‘no-one else does it anyway’. Phil, who just delivered to Opal Ltd, drove out of the alley sounding his horn as he did so. Unfortunately, Quinlin, who was profoundly deaf pedestrian and was approaching the entrance to the alley at the time, did not hear the horn and was injured badly. This injury was the result of Opal Ltd’s negligence.In cases of injuries and accidents, it is essential to follow safety regulations, and it is also important to ensure proper communication between all parties. In this case, Opal Ltd did not take enough precautions to ensure safety, which led to a terrible outcome. By choosing not to place convex mirrors despite considering them, Opal Ltd knowingly ignored safety regulations and put pedestrians in danger.They were aware of the risk associated with poor visibility, yet they took no steps to mitigate the risk. As a result, they must be held responsible for their actions and pay for the injuries caused to Quinlin.

To know more about mitigate visit:

https://brainly.com/question/31880500

#SPJ11

Companies should consider segmenting the market first before devising the marketing strategies. Explain THREE (3) market segmentation strategies that can be applied by Uniqlo, a leading"

Answers

clothing retailer. Support your answer with relevant examples.

Demographic Segmentation:

Demographic segmentation involves dividing the market based on demographic variables such as age, gender, income, occupation, and education. Uniqlo can apply this strategy by targeting specific age groups or genders with tailored marketing strategies. For example, they can create marketing campaigns specifically designed for young adults or promote gender-specific clothing lines.

Psychographic Segmentation:

Psychographic segmentation focuses on the psychological characteristics, values, lifestyles, and attitudes of consumers. Uniqlo can utilize psychographic segmentation by identifying different consumer segments based on their preferences, values, and lifestyles. For instance, they can target environmentally conscious consumers by promoting their sustainable and eco-friendly clothing options.

Geographic Segmentation:

Geographic segmentation involves dividing the market based on geographic variables such as location, climate, and population density. Uniqlo can employ this strategy by customizing their marketing efforts to suit the preferences and needs of consumers in different regions. They can consider factors like weather conditions and cultural preferences when designing their product offerings and marketing campaigns. For example, Uniqlo can promote lightweight and breathable clothing options in regions with hot climates.

These market segmentation strategies enable Uniqlo to identify and understand distinct consumer groups within the market, allowing them to develop targeted marketing strategies that resonate with specific segments. By tailoring their products, messaging, and promotional activities to the unique characteristics and preferences of each segment, Uniqlo can enhance customer engagement, increase brand loyalty, and ultimately drive sales.

learn more about retailer here

https://brainly.com/question/29367018

#SPJ11

On January 1, 2024, Benbrook Company purchased equipment and signed a six-year mortgage note for $80,000 at 15%. The note will be paid in equal annual installments of $21,139, beginning January 1, 2025. Calculate the balance of Mortgage Payable after the payment of the first installment. (Round your answer to the nearest whole number.) O A. $70,861 B. $60,351 OC. $12,000 D. $58,861

Answers

Benbrook Company purchased equipment and signed a six-year mortgage note for $80,000 at 15%. The note will be paid in equal annual installments of $21,139, beginning January 1, 2025.

We need to calculate the balance of Mortgage Payable after the payment of the first installment. Calculation of the balance of Mortgage Payable after the payment of the first installment is given below; Balance of Mortgage Payable before payment of first installment = $80,000First Installment payment = $21,139Therefore, the balance of Mortgage Payable after payment of the first installment = $80,000 - $21,139 = $58,861.Hence, the correct option is D. $58,861.

Read more about payment here;https://brainly.com/question/29475683

#SPJ11

Sold goods on credit for R17100 to J Jade.The mark up on the
trading items is 60% on cost (Vat included)
What is the Sales amount?
14 870
19 494
15 257.89
14 100
What is the cost of sales

Answers

The mark up on the trading items is 60% on cost. The cost of sales is R17 810.

Sales amountR17 100 is the amount sold to J Jade.

To find the sales amount of the sold goods, we need to consider the markup on the trading items.

The markup percentage on the trading items is 60% on cost (Vat included).

The sales amount is calculated as follows;

Markup percentage is calculated as a percentage of the cost, therefore, 60% of the cost is added to the cost to obtain the selling price.

Cost = (100/160) * Selling price

Since the markup percentage is on cost (Vat included), the selling price is VAT inclusive.160/100 * Cost = Cost + 60% Cost160/100 * Cost = 1.6 Cost2.6 Cost = Selling price Selling price = 2.6 * Cost

We can substitute the value of the selling price in terms of the cost of the sold goods to obtain the sales amount:

Selling price = R17 100/0.6 = R28 500Therefore, the sales amount is R28 500.Cost of Sales

We can obtain the cost of the goods sold from the sales amount and the markup percentage on cost as follows:

Cost of sales = Selling price/(1 + Markup percentage)Markup percentage is 60%Cost of sales = R28 500/ (1 + 60%) = R17 810Therefore, the cost of sales is R17 810.

To know more about Sales visit:

https://brainly.com/question/29436143

#SPJ11

positioning describes a company's offering relative to the product attributes that are most important to whom?

Answers

Yes, the statement "positioning describes a company's offering relative to the product attributes that are most important to whom" is accurate. positioning describes a company's offering relative to the product attributes that are most important to its target audience.

Positioning refers to the perception that a customer has about a company's products and services compared to its competitors. It can be defined as the strategic marketing process of deciding how to present a product or service to the target audience in a way that distinguishes it from other similar products.

Positioning involves determining the unique selling proposition (USP) of a company's products and services. It also involves understanding the needs of the target audience and tailoring the messaging to address those needs. The most crucial product attributes are those that are relevant to the target audience. The company should identify the key attributes that appeal to its target audience and emphasize those in its messaging.

Therefore, positioning describes a company's offering relative to the product attributes that are most important to its target audience.

to know more about Positioning visit :

https://brainly.com/question/11226413

#SPJ11

Consider the Economic Order Quantity formula.
Imagine the fixed ordering cost is twice of what it used to be.
How does the optimum quantity change?
a) It halves
b) It increases by sqrt ((2*S)/H)
c) It increases by sqrt (2)
d) none of the above.

Answers

The Economic Order Quantity (EOQ) formula is used by firms to determine the number of units of a product they should purchase in a single order to minimize the cost of ordering and carrying inventories. The answer is (c) It increases by sqrt(2).

It is calculated using the formula below:

EOQ = sqrt((2DS)/H)

Where D is the annual demand for the product, S is the fixed cost of placing an order for the product, and H is the cost of holding the inventory of the product per unit per year.

If the fixed ordering cost is twice what it used to be, the EOQ changes as follows:

EOQ = sqrt((2DS)/(2H))EOQ = sqrt((DS)/H) × sqrt(2)

EOQ = sqrt(2) × EOQ

Since the square root of 2 is greater than 1, the optimum quantity increases by a factor of sqrt(2).

To learn more about products, visit:

https://brainly.com/question/28985255

#SPJ11

What are the legal and ethical challenges a firm faces when
operating internationally and how can these challenges be met
effectively?

Answers

When it comes to operating in other nations, multinational corporations confront a variety of legal and ethical challenges. There are two types of laws: domestic and international. Domestic regulations are those that are enforced within a nation's borders. When a corporation enters a foreign market, it is required to adhere to the host nation's laws and regulations.

These laws and regulations can be considerably different from those in their home nation, which can pose a variety of challenges, especially for inexperienced firms. Multinational corporations may find it challenging to keep up with international regulations due to language, cultural, and legal disparities.International trade regulations are divided into two categories: tariffs and non-tariff barriers. Tariffs are duties that are imposed on imported goods, while non-tariff barriers are regulatory impediments such as standards and regulations. Tariffs can have a significant impact on the cost of doing business, particularly if they are high or unexpectedly imposed. Non-tariff barriers, on the other hand, can make it difficult for firms to enter the foreign market.Ethical challenges also abound.

The most efficient approach to deal with these legal and ethical challenges is to ensure that the corporation's values align with those of the host country. The corporation must adopt ethical and human rights norms that are compatible with those of the host nation. The firm must also cultivate a deep understanding of the host nation's cultural values to avoid ethical conflicts. The corporation must follow international regulations and keep up with any changes in regulations. This entails working closely with host nation government officials and other stakeholders.

To know more about Ethical Challenges visit-

https://brainly.com/question/30693934

#SPJ11

maxwell manufacturing issued $340,000, 10-year, 9onds at 106.00. what is the issue price of these bonds?

Answers

The issue price of these bonds is $143,687.50.

Maxwell Manufacturing issued $340,000, 10-year, 9onds at 106.00.

The issue price of these bonds can be calculated as follows:

Given information: Face value of the bonds = $340,000Number of years = 10Discount rate = 9% Bond Price = $106.00%

The formula for calculating the bond's price is:P = M/(1+i)^nWhere, P = Price of bond = Face Valuei = Discount rate = the number of years Substituting the values in the formula, we get:

P = $340,000/(1+0.09)^10P = $340,000/(1.09)^10P = $340,000/2.367= $143,687.50

Hence, the issue price of these bonds is $143,687.50.

Know more about bonds  here:

https://brainly.com/question/16245387

#SPJ11

the economic resources of an entity that can be usually expressed in monetary terms are called? stockholders’ equity revenues liabilities assets none of the above

Answers

The economic resources of an entity that can be usually expressed in monetary terms are called assets. These are resources that the entity owns or controls, and that have the potential to generate future economic benefits.

Assets can include cash, investments, property, equipment, inventory, and accounts receivable, among others. On the other hand, liabilities represent the obligations of the entity to others, such as loans, accounts payable, and accrued expenses. Revenues are the inflows of economic resources resulting from the sale of goods or services, while stockholders' equity represents the residual interest in the assets of the entity after deducting liabilities. Therefore, the correct answer to your question is assets.

To know more about Liabilities visit-

brainly.com/question/15006644

#SPJ11

1. What are one of the challenges and one of the benefits faced
by HR managers when union representation is voted into a
company?
2. Discuss how the bargaining goals and strategies of a union
may diff

Answers

1. What are one of the challenges and one of the benefits faced by HR managers when union representation is voted into a company?HR managers face several challenges and benefits when union representation is voted into a company.

1. What are one of the challenges and one of the benefits faced by HR managers when union representation is voted into a company?HR managers face several challenges and benefits when union representation is voted into a company. The challenges faced by HR managers in this situation are as follows:Increased administrative work: Unions require HR managers to complete an extensive amount of administrative work to track the work hours and wages of employees.Job security: When union representation is voted into a company, employees become more involved in the decision-making process. It increases the chance of job security but can reduce management control.Loss of flexibility: Union representation can lead to reduced flexibility in scheduling, job duties, and working conditions. This may lead to lower job satisfaction and morale.Reduced management control: HR managers may have less control over employee discipline, grievances, and other HR matters when unions are involved. The benefits faced by HR managers in this situation are as follows:Better communication: Union representation can increase communication between employees and management. The HR manager can benefit from this by having more open and honest dialogue with employees regarding work conditions.Improved working conditions: HR managers can work with the union to improve working conditions and benefits, which can lead to a more satisfied workforce.2. Discuss how the bargaining goals and strategies of a union may differ.The bargaining goals and strategies of a union may differ based on the type of union and the industry it is involved in. The bargaining goals of a union are generally related to wages, hours, and working conditions. Unions often seek higher wages and better benefits for their members, while management is more concerned with reducing labor costs and increasing efficiency. The strategies of a union during bargaining can also differ. The types of strategies used by unions can include strikes, work slowdowns, and collective bargaining. Unions may also use mediation or arbitration as a strategy to settle disputes. The bargaining strategies used by a union can depend on its goals, the type of industry, and the legal and economic environment in which it operates. For example, a union representing workers in a heavily regulated industry may use a different strategy than one representing workers in a less regulated industry. Similarly, a union operating in a tight labor market may have different bargaining goals and strategies than one operating in a more relaxed labor market.

To know more about HR managers visit: https://brainly.com/question/31607133

#SPJ11

The supply curve for product X is given by
QXS = −480 +
20PX .
a. Find the inverse supply curve.
P = + Q
b. How much surplus do producers receive when
Qx = 320? When Qx =
940?
When QX = 320: $

Answers

a. The inverse supply curve is given by P = (QXS + 480) / 20. b. When Qx = 320 producer surplus is -$280, Qx = 940 producer surplus is -$869.

a. To find the inverse supply curve, we need to solve the supply curve equation for PX (price of product X).

QXS = -480 + 20PX

Rearranging the equation:

20PX = QXS + 480

Dividing both sides by 20:

PX = (QXS + 480) / 20

Therefore, the inverse supply curve is given by P = (QXS + 480) / 20.

b. To calculate the surplus received by producers, we need to find the difference between the price (PX) and the supply curve equation (QXS).

When QX = 320:

Substituting QXS = 320 into the supply curve equation:

QXS = -480 + 20PX

320 = -480 + 20PX

Solving for PX:

20PX = 800

PX = 40

The price (PX) when QX = 320 is 40. To find the surplus, we subtract the supply curve equation from the price:

Surplus = PX - QXS

Surplus = 40 - 320

Surplus = -280

When QX = 320, producers experience a surplus of -$280.

When QX = 940:

Substituting QXS = 940 into the supply curve equation:

QXS = -480 + 20PX

940 = -480 + 20PX

Solving for PX:

20PX = 1420

PX = 71

The price (PX) when QX = 940 is 71. To find the surplus, we subtract the supply curve equation from the price:

Surplus = PX - QXS

Surplus = 71 - 940

Surplus = -869

When QX = 940, producers experience a surplus of -$869.

Learn more about producer surplus here: https://brainly.com/question/24212771

#SPJ11

The market equilibrium in the foreign exchange market 5a) What is interest rate parity? 5b) What does the investing American in our example decide in the lecture? 5c) How can there be equilibrium if all investors make the same decision, i.e. they prefer to invest either in dollars or in euros? 5d) Explain market equilibrium graphically.

Answers

Interest rate parity refers to the condition in which the interest rates in two countries are equal, leading to an equilibrium in the foreign exchange market.

Interest rate parity is a concept in international finance that states that the interest rates in two countries should be equal when taking into account the expected changes in the exchange rates between their respective currencies. In other words, it suggests that the difference in interest rates between two countries should be equal to the expected change in the exchange rate. This condition is essential for maintaining market equilibrium in the foreign exchange market.

In the given example, the investing American in the lecture is likely to make a decision based on interest rate parity. If the interest rates in the United States and the foreign country (e.g., Europe) are not equal, the American investor will analyze the potential gains or losses from investing in dollars or euros. They will consider factors such as the interest rate differential, expected exchange rate changes, and the associated risks to make an informed investment decision.

Market equilibrium is achieved in the foreign exchange market when all investors make similar decisions, either investing in dollars or euros, based on their analysis of interest rate parity and other relevant factors. This equilibrium occurs because any deviation from interest rate parity would create an opportunity for riskless arbitrage, leading to a correction in exchange rates. Consequently, investors adjust their investment preferences until the market reaches equilibrium.

Graphically, market equilibrium in the foreign exchange market can be represented by the intersection of the supply and demand curves for currencies. The demand curve represents the quantity of a currency that investors want to buy at different exchange rates, while the supply curve represents the quantity of the currency that investors want to sell. The equilibrium exchange rate is determined where the demand and supply curves intersect, indicating a balance between buyers and sellers in the market.

Learn more about interest rate

brainly.com/question/14556630

#SPJ11

Very briefly explain the effect that an increase in the risk premium, x, has on the borrowing rate and aggregate investment. 2. (4 points) Expected inflation is e = 2%. (a) (2 points) Compute the necessary nominal interest rate if the Fed wanted to set a policy rate equal to T = 1%. (b) (2 points) Compute the lowest policy rate the Fed can implement.

Answers

An increase in the risk premium (x) leads to an increase in borrowing rates and a potential decrease in aggregate investment.

When the risk premium (x) increases, it indicates a higher perceived risk associated with borrowing. This increase in risk affects borrowing rates and aggregate investment in the following ways:

Borrowing rates: An increase in the risk premium leads to higher borrowing rates. Lenders require compensation for the additional risk they are taking, resulting in an upward adjustment of interest rates. Higher borrowing rates make it more expensive for individuals, businesses, or governments to borrow funds for investment or consumption purposes.

Aggregate investment: The increase in borrowing rates due to a higher risk premium can have a negative impact on aggregate investment. Higher borrowing costs discourage businesses from taking on new projects, expanding operations, or investing in capital expenditures. As a result, there may be a decrease in aggregate investment levels, which can potentially affect economic growth and employment.

Learn more about Risks here: brainly.com/question/30168545

#SPJ11

three examples of activity types that can be considered when gathering data in an effort to monitor a process for quality are .....

Answers

Three examples of activity types that can be considered when gathering data in an effort to monitor a process for quality are:Product inspections, Checklists, and Statistical sampling.

Explanation:Gathering data is a critical aspect of process management for quality control. With a lot of data being generated throughout a product’s lifecycle, it is essential to track and evaluate the results at various stages. To identify areas of improvement, this process aids in uncovering trends that require attention, as well as pinpointing specific issues that require resolution.A few activity types that are necessary when gathering data in an attempt to monitor a process for quality are product inspections, checklists, and statistical sampling.

Statistical sampling is a process of reviewing and analyzing data from various sources to determine how it can be used to assess the quality of a product. Statistical sampling is used in quality assurance and quality control to evaluate the quality of products and services.

Learn more about gathering data here:https://brainly.com/question/29791587

#SPJ11

Finally show the income effect of the relative change in income due to the change in price of pizza.
For the last two items (4 & 5) you don’t need to use numbers. Just show the points on the graph

Answers

The income effect refers to the change in consumption patterns brought about by a change in real income, i.e., purchasing power.

The concept of the income effect is frequently used in economics to explain the change in the quantity of a commodity bought as a result of a change in income relative to the price of the commodity being considered. To show the income effect of the relative change in income due to the change in price of pizza, we need to consider the following factors: The consumer's budget line: The budget line is a visual representation of all feasible consumption combinations that a consumer can afford with their present income at current market prices. This line has a flatter slope than the original budget line, indicating that the consumer can now purchase more of both goods. The new optimal consumption combination: The consumer will choose a consumption combination on the new indifference curve that is tangent to the new budget line. This will lead to the purchase of more pizza and less of the other good, as shown by the movement from point A to point B on the graph.

learn more about income

https://brainly.com/question/14732695

#SPJ11

Watch the following Ted Talk (Catherine Courage: Igniting Creativity to Transform Corporate Culture) in its entirety.
b) In your own words, explain each of the three elements to ignite creativity/innovation Courage discusses.
c) Give an example of an organization implementing at least one of the elements- DO NOT use an example Ms. Courage already used. Your example should describe a company not mentioned in the video.

Answers

a) Catherine Courage: Igniting Creativity to Transform Corporate Culture is a Ted Talk which discusses how creativity and innovation can transform corporate culture.

It was delivered by Catherine Courage.b) Following are the three elements to ignite creativity/innovation that Courage discusses:Develop a shared vision: In this part, Courage says that to ignite innovation, there should be a shared vision and a set of values that everyone agrees on. This will allow them to work together and avoid silos. To create a shared vision, everyone should be included in the discussion. By doing so, the team can work together to come up with the right ideas.Be comfortable with risk-taking: Courage also says that innovation requires risk-taking. Employees should be encouraged to take risks, to be creative, and to think outside the box. Organizations that are risk-averse tend to avoid new ideas, but this can lead to stagnation. To ignite innovation, employees should be encouraged to try new things, and to be comfortable with failure.Create a safe space: Courage believes that a culture of innovation requires a safe space, where employees feel free to share their ideas without fear of judgment. To create this safe space, leaders need to be open and approachable. They should be willing to listen to their employees and to encourage them to share their ideas. By doing so, they can create an environment where creativity and innovation can thrive.c) An example of an organization implementing at least one of the elements can be Adobe. The company provides its employees with a “Kickbox” program. This program is designed to empower the employees to be creative and work on the projects they want. The program allows employees to use their skills to develop new ideas and try out new projects. This program encourages employees to be comfortable with risk-taking and to be creative. It also creates a safe space for employees to share their ideas without fear of judgment.

To know more about Ted Talk visit:

https://brainly.com/question/31158827

#SPJ11

a european call option is written on £62,500. the strike price is $1.40/£, and the option premium is $1,875. what is the option premium per pound?

Answers

The European call option is written on £62,500. The strike price is $1.40/£, and the option premium is $1,875. We need to find the option premium per pound.

Solution:We know that the option premium is $1,875.Now, we need to convert the price from dollars to pounds.To convert it, we can use the conversion rate that was given in the question: 1$ = 1.4£Multiplying $1,875 by £1/$1.4, we get:$1,875 * (£1/$1.4) = £1,339.29So, the option premium is £1,339.29 per £62,500.Now, we need to calculate the premium per pound.To find that, we divide the premium by the number of pounds:£1,339.29 ÷ £62,500 = $0.02143 per poundHence, the option premium per pound is $0.02143 (rounded to 5 decimal places).

To know more about premium visit:

https://brainly.com/question/32107251

#SPJ11

the reporting of expected cash receipts and cash payments related to the sale and purchase of plant assets is reported on the

Answers

Overall, the reporting of cash receipts and cash payments related to the sale and purchase of plant assets is essential for investors and creditors to analyze a business's liquidity and investment potential.

The reporting of expected cash receipts and cash payments related to the sale and purchase of plant assets is reported on the statement of cash flows. This statement presents information about the cash inflows and outflows of a business during a specific period, including operating activities, investing activities, and financing activities.The cash inflows and outflows related to the sale and purchase of plant assets are included in the investing activities section of the statement of cash flows. Investing activities include the acquisition and disposal of long-term assets, such as property, plant, and equipment. Cash payments for the purchase of plant assets are reported as cash outflows in the investing activities section, while cash receipts from the sale of plant assets are reported as cash inflows in the same section. These transactions can be significant and may involve large amounts of cash, hence the importance of reporting them on the statement of cash flows. Aside from the statement of cash flows, the sale and purchase of plant assets are also reported in the balance sheet. When a business purchases a plant asset, it is recorded as a long-term asset on the balance sheet. When a plant asset is sold, its carrying amount (i.e., the net book value) is removed from the balance sheet, and any gain or loss from the sale is reported on the income statement. Overall, the reporting of cash receipts and cash payments related to the sale and purchase of plant assets is essential for investors and creditors to analyze a business's liquidity and investment potential.

To know more about cash visit:

https://brainly.com/question/31754110

#SPJ11

Which of the following most appears to contradict the proposition that the stock market is
weakly efficient? Explain.
a. Over 25% of mutual funds outperform the market on average.
b. Stocks that had positive returns over the past six months tend to have positive returns
over the following six months.
c. Stocks announcing positive earnings have positive abnormal returns over the 3
months following the earnings announcement.
d. Insiders earn abnormal trading profits.

Answers

The option that most appears to contradict the proposition that the stock market is weakly efficient is option D: Insiders earn abnormal trading profits.

The concept of weak form efficiency suggests that all publicly available information is already incorporated into stock prices, making it difficult for individuals to consistently earn abnormal profits through trading.

If insiders consistently earn abnormal profits, it implies that they possess private or non-public information that allows them to outperform the market consistently. This contradicts the idea of weak form efficiency, as it suggests that there is an informational advantage available to insiders that enables them to consistently generate above-average returns.

Learn more about Stock Market here :

brainly.com/question/25929259

#SPJ11

In which of the following countries is the use of IFRS NOT allowed for domestic companies listed on its stock exchanges? a. Australia O b. United States O c. Canada O d. United Kingdom
n2 ut of stion

Answers

The correct option is b. The United States does not allow the use of IFRS for domestic companies listed on its stock exchanges.

International Financial Reporting Standards (IFRS) are used by many countries worldwide. IFRS helps companies to provide investors with comparable and transparent financial information. The use of IFRS is mandatory in some countries, whereas others allow it to be used as an alternative to the local Generally Accepted Accounting Principles (GAAP).

In Australia, Canada, and the United Kingdom, IFRS is used for domestic companies listed on their stock exchanges. However, in the United States, the Securities and Exchange Commission (SEC) does not allow the use of IFRS for domestic companies listed on its stock exchanges. Instead, the US GAAP must be followed.

To know more about the IFRS visit:

https://brainly.com/question/31375588

#SPJ11

The risk of fraud is increased when: a . The accounts receivable accounting department is responsible for preparing sales invoices b ki Sales invoices are not supported by bills of lading The accounts receivable account department is responsible for receiving cash remittances from customers The sales manager is responsible for granting credit limits to customers d

Answers

There is a higher chance of fraud when sales invoices are presented without accompanying bills of lading.

When sales invoices are not accompanied by bills of lading, there is an increased risk of fraud. Important records that show that products have been shipped or delivered to clients are called bills of lading. Fraudulent acts are made simpler when supporting bills of lading are missing from sales invoices. Without sufficient documentation, dishonest people may fabricate sales transactions or modify already-existing ones, costing the organisation money. The likelihood of fraudulent behaviour such as declaring sales that never happened or transferring money by fabricating the delivery of products is increased in this circumstance.  

learn more about fraud  here:

https://brainly.com/question/30715266

#SPJ11

A manager is responsible for controlling expenses and generating income, this manager manages a Multiple Choice Organizational center. Cost center. Investment center Profit center. EITHER

Answers

The manager responsible for controlling expenses and generating income typically manages a Profit center.

A profit center is a unit within an organization that is accountable for both its expenses and its revenues. The manager of a profit center has the authority and responsibility to make decisions that affect the profitability of the unit. They are evaluated based on the financial performance of the profit center, including measures such as sales revenue, costs, and profitability.

In contrast, a cost center is responsible for controlling expenses but does not have direct accountability for generating income. An investment center is responsible for both controlling expenses and generating income, but its primary focus is on managing investments and assets. An organizational center is a broad term that could refer to any unit or department within an organization, and it does not specifically indicate the responsibility for controlling expenses and generating income.

Learn more about expenses here

https://brainly.com/question/28995167

#SPJ11

1). Select one or a few of of these ideas: "minimum ATC", "perfect competition", "monopoly", "monopolistic competition", "income inequality"
Then, A) define it, B) describe its connection to scarcity, C) and use one of your own real-life experiences and apply that real-life experience to that idea (as an economist would).
2. Select one or a few of of these ideas: "minimum ATC", "perfect competition", "monopoly", "monopolistic competition", "income inequality"
Then, A) define it, B) describe its connection to scarcity, C) and critically assess the value of that idea to our understanding of human society and or compared to other ways of understanding human society.

Answers

Monopolistic competition is a market structure characterized by a large number of firms selling differentiated products. Each firm has some control over its price due to product differentiation, but there are also close substitutes available in the market. Examples of industries that exhibit monopolistic competition include restaurants, clothing stores, and consumer electronics.

B) Connection to Scarcity:

Monopolistic competition relates to scarcity as it reflects the reality that resources are limited and firms must compete for consumer demand. While there may be a variety of firms offering similar products, each firm strives to differentiate its product to attract customers and gain a competitive edge. This competition arises from the scarcity of customers' attention, preferences, and purchasing power.

C) Real-Life Experience and Application:

As an economist, I have observed the concept of monopolistic competition in the smartphone industry. Numerous companies produce smartphones, each attempting to differentiate their products through unique features, designs, and marketing strategies. For example, I have witnessed how smartphone manufacturers invest in research and development to introduce new technologies, improve camera quality, or enhance user experience.

Moving on to the second question:

A) Income Inequality:

Income inequality refers to the unequal distribution of income among individuals or households within a society. It measures the disparity in earnings, wealth, or income levels between different segments of the population.

B) Connection to Scarcity:

Income inequality is closely connected to scarcity as it reflects the limited availability of resources and opportunities within an economic system. Scarcity implies that not everyone can have an equal share of resources, leading to differences in income and wealth accumulation. Scarce resources are allocated through various factors such as labor market conditions, education, skills, and socio-economic structures, which contribute to income disparities.

Learn more about Monopolistic competition here:

brainly.com/question/29617378

#SPJ11

Other Questions
Problem 2 2. Calculate the requested measures for bonds A and B (assume that each bond pays interest semiannually): A B 8% 9% Coupon Yield to maturity 8% 8% Maturity (years) 2 5 Par $100.00 $100.00 Price $100.00 $104.055 a. Price value of a basis point b. Macaulay duration c. Modified duration d. The approximate duration using the shortcut formula by changing yields by 20 basis points and compare your answer with the convexity measure calculated in part c. e. Convexity measure f. The approximate convexity measure using the shortcut formula by changing yields by 20 basis points and compare your answer to the convexity measure calculated in part e. 5) A mean weight of 500sample cars found(1000+317Kg.Can it be reasonably regarded as a sample from a large population of cars with mean weight 1500 Kg and standard deviation 130 Kg? Test at 5%levelof significance. Are these system specifications consistent? Explain Why. "Whenever the system software is being upgraded, users cannot access the file system. If users can access the file system, then they can save new files. If users cannot save new files, then the system software is not being upgraded." The ABC Furniture Company produces sofas, tables, and chairs at its plant in Greensboro, North Carolina. The plant uses three main resources to make furniture wood, upholstery, and labor. The resource requirements for each piece of furniture and the total resources available weekly are as follows: Resource Requirements Furniture Product Wood (lb) Upholstery (yd) Labor (hour) Sofa 6 10 5 Table 5 0 3 Chair 4 3 1 Total available resources 2020 1100 1080 The furniture is produced on a weekly basis and stored in a warehouse until the end of the week, when it is shipped out, however the warehouse has limited capacity of storing furniture. The warehouse can hold 600 pieces of table or chair, or 200 pieces of sofa (That is to say, a sofa takes up three times as much space as a table or chair). Each sofa earns $400 in profit, each table, $290, and each chair, $180. The company wants to know how many pieces of each type of furniture to make per week in order to maximize profit. Consider the triple integral 22 dzdyda written in an iterated form over the solid region Q. Find two correct statements about this integral.- The value of the integral is equal to fo So dzdxdy by changing order of integration.- The projection of the solid onto the yz-plane is a triangle with vertices (0,2,0), (2, 0, 0), and (0, 0, 2)- he volume of the solid Q is The projection R of the soli the area of the region bounded by y=x^2-1 and y=2x+7 for -4x6. A. 327/3B. 57 C. 196 /3D. 108 Please answer these question base on the discussion ( picture).1-Would you want to work at the company that they have showcased?2-Is the benefit offering they've highlighted really important to you or do you prioritize OTHER aspects of the compensation plan when deciding to accept a job offer?3-How do you think your current life circumstances affect your reaction to the benefit offering your classmate wrote about? Do you think your preferences/priorities will change over time? Let V be a vector space over F with dimension n 1 and let B = {,..., Un} be a basis for V. (a) Let T E V. Prove that if [V] B = F", then 7 = Oy. {[7] B : 7 W} be a (b) Let W be a subspace of V with basis C = {,..., wk} and let U = subspace of F". Prove that dim U = k. In a mid-size company, the distribution of the number of phone calls answered each day by the receptionists is approximately normal and has a mean of 43 and a standard deviation of 7. Using the 68-95- 99.7 Rule (Empirical Rule), what is the approximate percentage of daily phone calls numbering between 29 and 57? 7.8 A stepper motor with 60 step angles is coupled to a leadscrew through a gear reduction of 3:1 (three rotations of the motor for each rotation of the leadscrew). The leadscrew has 2.5 threads/cm. The worktable driven by the leadscrew must move a distance = 80.0 cm at a feed rate = 100 cm/min. Determine (a) the number of pulses required to move the table, (b) required motor speed, and (c) pulse rate to achieve the desired table speed. Suppose a bank has $100 million in assets, $80 million in liabilities (excluding Bank Capital), and $20 million in Bank Capital. The average duration of assets 3.5 years, and the average duration of liabilities = 4 years. Use the duration analysis to evaluate the Bank's exposure to interest rate risk when interest rate RISES from 3% to 5% (i.e. change in i = 2% points). What is the impact of the change in interest rate (rise from 3% to 5%) on the bank's assets? The goal of this assessment is to assess the change in the growth mindset of the students before and after they have studied principles of growth mindset and how to apply these to themselves. The pre and post self-evaluation exercises will demonstrate what they have learnt and applied. Students will do a pre-evaluation of 2.5% and post evaluation for 2.5% and write a reflection carrying 15% marks. You are expected to be as comprehensive in your reflection as possible. There is no word limit, and all the following parts must be completed in five pages. 1. Identify 5 examples of your fixed-mindset self-talk and replace them with suitable growth-mindset self-talk. (2.5 Marks) The accompanying table lists overhead widths (cm) of seals measured from photographs and the weights (kg) of the seals. Find the (a) explained variation, (b) unexplained variation, and (c) prediction interval for an overhead width of 9.2 cm using a 99% confidence level. There is sufficient evidence to support a claim of a linear correlation, so it is reasonable to use the regression equation when making predictions.Overhead Width: 7.3, 7.5, 9.9, 9.4, 8.8, 8.4Weight: 113, 154, 240, 205, 202, 192 2. (3 points) Suppose T: R4 R4 is a linear transformation and the rank of T is 10. (a) Determine whether T is injective. (b) Determine whether T is surjective. (c) Determine whether T is invertibl Find f(t) of the following: 1. 8/s+4s 2. 1/s+5 - 1/s+5 3. 15/s+45+29 4. s+4s+10/ S3+2s+5s Use the Ratio Test or the Root Test to determine if the following series converges absolutely or diverges Select the correct choice below and fill in the answer box to complete your choice (Type an exact answer in simplified form) A. The series converges absolutely by the Ratio Test because r = B. The series diverges by the Root Test because p= OC. Both tests are inconclusive because re= and p= At the point of the loan cycle listed below, identify if thereis a moral hazard or adverse selection problem for lenders:Loan RepaymentA. Moral HazardB. Adverse SelectionC. NeitherD. Both A soup can has a diameter of 2 5/8 inches and a height of 3 1/4 inches. When you open the soup can, how far does the can opener travel? What evidence can you cite that the interstellar medium contains both gas and dust? (Select all that apply.)(1)The dust of the interstellar medium can be detected from the emission lines of elements heavier than iron.(2)The dust of the interstellar medium can be detected by the extinction of light from distant stars.(3)The dust of the interstellar medium can be detected by the scattering of blue light from distant or embedded objects.(4)The gas of the interstellar medium can be detected from the radiation of ultraviolet photons.(5)The gas of the interstellar medium can be detected from the radiation of photons of wavelength 21 cm.(6)The gas of the interstellar medium can be detected from the absorption lines present in the light from distant stars, which must be caused by a medium of a density and temperature other than that of the stars emitting the light. 1.reference guidelineAs a product developer, you have been appointed to lead a team to build new product development (NPD) plan to develop a new collection of products of a fashion brand. The product will need to offer benefits to the target market and the environment. The NPD plan need to have the followings: 2.1 The three (3) major sections: First, the details assessment of the current market and trends of the fashion industry of your choice; Secondly, the plan details of the new product or modifications that are functional, convenience, has aesthetic value, attractive to the target market and the price range; and Finally, the plan details of the financial and resource implications of the NPD plan and the controls to be employed to monitor the plan's implementation and progress over the period. 2.2 The new collections of products can be new or modifications of existing product in the market. As a guideline, answer the following questions as you work on the three major sections: What are the product you are selling? Who is your market that will buy the product or service? What are the unique features of your products? What is the basic message that you would like to send to this market in regards to your product? What is the best way of getting in contact with your projected market? (i.e.- T.V, Radio, Print, Online, Direct, Mass etc) What is the cost that you're looking at? How much return that the company expected to have? What is the control measure and how contingency plans comes handy?