Scenario Questions

Scenario Questions

 

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CASE STUDY: HAPPY FEET

CASE STUDY: HAPPY FEET Happy Feet is a family-owned business, that specializes in the manufacturing and retail selling of leather footwear. Their shoes are sold through 25 Happy Feet stores in malls in every province as well as in 47 pharmacies in South Africa. Manufacturing has been done in their factory in Cape Town for more than 30 years and they employ 310 people. Happy Feet is one of three comfort/health shoe manufacturers in South Africa specializing in high-quality comfort footwear and is dedicated to the promotion and maintenance of healthy feet. They manufacture infant sandals, ladies’ sandals and court shoes, and mens’ shoes and sandals. All the shoes are orthopedically designed and genuine leather is used which makes it expensive. The shoes compete with shoes that are mass-produced in countries like China and imported to South Africa. The imported shoes are available in most stores at much lower prices than leather shoes. Apart from the fact that several changes have occurred in the industry, the financial statements that were reported at the annual general meeting show a decline of 9% in shoe sales and a large decline in profit for the past financial year. Management views it as a very critical situation for the business. It is not the only problem that the management of Happy Feet is experiencing. Customers are complaining that some of the advertised shoes are not available and it has to be ordered from the factory, which is taking a long time most customers are willing to wait. This leaves the customers unhappy and shops assistants frustrated, resulting in unfriendly conduct towards the customers. These complaints were conveyed to management, but nothing was done about them. In a heated argument between the marketing and financial managers the proposed new marketing strategy was not approved.

1. Brainstorming is often used informally as a method of generating ideas, however specific guidelines, and procedures apply.
a) Discuss four (4) main important aspects to consider when planning a brainstorming session.
b) Name three (3) problems generally experienced when using brainstorming to generate ideas.

2. Generate ideas for Happy Feet using the final problem statement: What can management do to ensure that products are stocked as needed and that customer complaint are handled appropriately so that customers buy more products and sales increase?

> Use ONE of the following techniques to generate at least 5 ideas for Happy Feet.

-The mind map.
– SCAM3PER2.
– Morphological analysis

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CRITICAL WRITING: RESPONSE PROJECT DEMYTHOLOGIZING REALITY

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Cross elasticity of demand

Cross elasticity of demand between tea and sugar is:

  1. Positive

  2. Zero

  3. Infinity

  4. Negative GET YOUR QUALITY 100% CUSTOM RESEARCH PAPER TODAY BUY 100% CUSTOM ESSAY EFFICIENTLY

horizontal demand curve

The horizontal demand curve for a commodity shows that its demand is:

  1. Perfectly elastic

  2. Highly elastic

  3. Perfectly inelastic

  4. Moderately elastic Answer 2 Scenario Questions Accurately Now quality management 2

Keynesian model

In the simple Keynesian model, if the tax function is given by T=0.15Y and the consumption function is C= 50 + 0.7 YD then a 10-unit ncrease in government spending would increase equilibrium income by

  1. 10 units

  2. 11.2 units

  3. 22.4 units

  4. 30 units

  5. None of these GET YOUR QUALITY 100% CUSTOM RESEARCH PAPER TODAY Answer 2 Scenario Questions Accurately Now

marginal income tax rate

The higher the marginal income tax rate, the

  1. Higher the MPC out of disposable income

  2. Lower the MPC out of disposable income

  3. Highest the autonomous expenditure multiplier

  4. lower the autonomous expenditure multiplier

  5. none of the above Answer 2 Scenario Questions Accurately Now EFFICIENTLY ORDER A 5 STAR COLLEGE TERM PAPER NOW

demand curve

A consumers demand curve can be obtained from:

  1. ICC

  2. Engel curve

  3. Lorence curve

  4. PCC Answer 2 Scenario Questions Accurately Now GET YOUR QUALITY 100% CUSTOM RESEARCH PAPER TODAY

Joint demand

Demand for milk, sugar, tea for making tea, is an example of

  1. Composite demand

  2. Derivative demand

  3. Joint demand

  4. Direct demand Answer 2 Scenario Questions Accurately Now GET YOUR QUALITY 100% CUSTOM RESEARCH PAPER TODAY

Perfect elasticity

Perfect elasticity is known as

  1. Finite elastic

  2. Infinite elastic

  3. Unitary elastic

  4. Zero elastic Best Essay – 1st guarantee to save time and money Answer 2 Scenario Questions Accurately Now