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Business Fundamentals was developed by the Global Text Project,
which is working to create open-content electronictextbooks that are freely available on the website
http://globaltext.terry.uga.edu. Distribution is also possible viapaper, CD, DVD, and via this collaboration, through Connexions.
The goal is to make textbooks available to the manywho cannot afford them. For more information on getting
involved with the Global Text Project or Connexions email us atdrexel@uga.edu and dcwill@cnx.org.
Editors: George M Zinkhan, Anastasia Thyroff, Anja Rempel, and Hongbum Kim (The University of Georgia,
USA)
Reviewer: Bettina Cornwell (University of Michigan, USA)
- Discuss various ways to classify innovations and products. Describe how these classification schemes contribute to managerial knowledge and describe how they are related to the process of innovation.
- Using information from the Wal-Mart case that is discussed in the chapter, describe some decisions that management handled well.
- Suppose that you are in charge of expanding Wal-Mart’s operations to France. Describe some actions that you would take to increase the probability of success in that nation.
- Your business partner comes to you with a new product idea. Specifically, she has just returned from a trip to the Netherlands. Based on her experiences there, she wants your company to start exporting a specialty beer (Gulpemer) from the Netherlands to the US. Your firm has specific expertise terms of distributing beer in the eastern United States, and you have some interest in your partner’s idea. Describe how you would evaluate this idea of adding of Gulpemer to your product line.
- A reporter from the New York Times asks you to forecast which method of distributing popular music will be the most popular in the year 2014. Write a press release on this topic. Be certain to provide a justification for your prediction.
- Discuss five business models that are popular for distributing popular films. Predict which of these models will be the most successful, five years from now. Provide a convincing justification for your prediction.
- Your nephew is a drummer, and he has just formed an alternative rock band. His band is just beginning to achieve some local success in Seattle, Washington. Your nephew views you as a “new product expert”, so he asks your advice about how to increase the popularity and profitability of his band’s operations. Make five specific recommendations to help your nephew and to justify your reputation as “an expert”.
- Table 4 provides a description of some reasons that new products fail. Add three more factors to this list.
- Discuss some different ways that firms try to develop innovations. For each method that you identify, provide a specific example of a product that was developed following this approach.
- Imagine that you want to start your own business. What product would sell? In two paragraphs, describe your business model.
Questions & Answers
If auger is pair are the roots of equation x2+5x-3=0
Wayne and Dennis like to ride the bike path from Riverside Park to the beach. Dennis’s speed is seven miles per hour faster than Wayne’s speed, so it takes Wayne 2 hours to ride to the beach while it takes Dennis 1.5 hours for the ride. Find the speed of both bikers.
from theory: distance [miles] = speed [mph] × time [hours]
info #1
speed_Dennis × 1.5 = speed_Wayne × 2
=> speed_Wayne = 0.75 × speed_Dennis (i)
info #2
speed_Dennis = speed_Wayne + 7 [mph] (ii)
use (i) in (ii) => [...]
speed_Dennis = 28 mph
speed_Wayne = 21 mph
George
Let W be Wayne's speed in miles per hour and D be Dennis's speed in miles per hour. We know that W + 7 = D and W * 2 = D * 1.5.
Substituting the first equation into the second:
W * 2 = (W + 7) * 1.5
W * 2 = W * 1.5 + 7 * 1.5
0.5 * W = 7 * 1.5
W = 7 * 3 or 21
W is 21
D = W + 7
D = 21 + 7
D = 28
Salma
Devon is 32 32 years older than his son, Milan. The sum of both their ages is 54 54. Using the variables d d and m m to represent the ages of Devon and Milan, respectively, write a system of equations to describe this situation. Enter the equations below, separated by a comma.
find product (-6m+6) ( 3m²+4m-3)
what is the solution
bill
how did you arrive at this answer?
bill
i really want to learn
Amira
I only got 42 the rest i don't know how to solve it. Please i need help from anyone to help me improve my solving mathematics please
Amira
Hw did u arrive to this answer.
Aphelele
-6m(3mA²+4m-3)+6(3mA²+4m-3)
=-18m²A²-24m²+18m+18mA²+24m-18
Rearrange like items
-18m²A²-24m²+42m+18A²-18
Salma
complete the table of valuesfor each given equatio then graph.
1.x+2y=3
given that (7x-5):(2+4x)=8:7find the value of x
Nandala
please why isn't that the 0is in ten thousand place
please why is it that the 0is in the place of ten thousand
Grace
Send the example to me here and let me see
Stephen
A meditation garden is in the shape of a right triangle, with one leg 7 feet. The length of the hypotenuse is one more than the length of one of the other legs. Find the lengths of the hypotenuse and the other leg
state in which quadrant or on which axis each of the following angles given measure. in standard position would lie 89°
I am eliacin, I need your help in maths
Rood
hmm can we speak here?
Amoon
however, may I ask you some questions about Algarba?
Amoon
what the last part of the problem mean?
Roger
The Jones family took a 15 mile canoe ride down the Indian River in three hours. After lunch, the return trip back up the river took five hours. Find the rate, in mph, of the canoe in still water and the rate of the current.
Shakir works at a computer store. His weekly pay will be either a fixed amount, $925, or $500 plus 12% of his total sales. How much should his total sales be for his variable pay option to exceed the fixed amount of $925.
I'm guessing, but it's somewhere around $4335.00 I think
Lewis
12% of sales will need to exceed 925 - 500, or 425 to exceed fixed amount option. What amount of sales does that equal? 425 ÷ (12÷100) = 3541.67. So the answer is sales greater than 3541.67.
Check:
Sales = 3542
Commission 12%=425.04
Pay = 500 + 425.04 = 925.04.
925.04 > 925.00
Munster
difference between rational and irrational numbers
When traveling to Great Britain, Bethany exchanged $602 US dollars into £515 British pounds. How many pounds did she receive for each US dollar?
how to reduced echelon form
Jazmine trained for 3 hours on Saturday. She ran 8 miles and then biked 24 miles. Her biking speed is 4 mph faster than her running speed. What is her running speed?
d=r×t
the equation would be 8/r+24/r+4=3
worked out
Sheirtina
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Source:
OpenStax, Business fundamentals. OpenStax CNX. Oct 08, 2010 Download for free at http://cnx.org/content/col11227/1.4
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