solution

ABC Sales is expanding its operations and attempting to expand its sales territories. The sales manager has a staff of experienced salespersons who are each paid $500 per week. He is planning to hire some new sales trainees for $300 per week. An experienced salesperson can generate $20,000 worth of sales per week. A sales trainee can generate an average of $12,000 worth of sales per week. The company has budgeted $800 for a training program for the new trainees. The estimated cost of training is $100 per trainee. The sales manager’s payroll budget is $3,600 per week. Furthermore, the company has decided that the total sales force should be limited to 10 or fewer salespersons.

Write the linear programming formulation to help the sales manager to determine the optimum number of experienced salespersons and new trainees in order to maximize sales revenues.

 
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Pecan Ridge Winery in Hugo, OK., makes three kinds of white wine: Oklahoma Riesling, Moscato and Rio Blanc. The raw materials, labor and profit per liter of each wine is given in the table below:

Wine

Grapes Grade A (kg)

Grapes Grade B (kg)

Sugar (kg)

Labor (hours)

Profit per liter

Oklahoma Riesling

1

1

2

2

1.00

Moscato

2

0

1

3

1.20

Rio Blanc

0

2

0

1

2.00

Available to the winery for next week’s production are 150 kg of Grade A grapes, 150 kg of Grade B grapes, 80 kg of sugar and 225 hours of labor. Demand for Moscato is expected to be twice the demand for the other two wines combined.

Write the linear programming formulation to determine the optimal product mix for Pecan Ridge.

 
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For this Assignment, you will research firms that have entered into strategic alliances with companies abroad and consider how these activities have evolved with respect to the changing international trade environment.

To prepare:

  • Think about the conditions that might encourage a firm to establish a global partnership(s) in order to maximize its marketing and overall business goals abroad.
  • Then, select two real-world firms from this week’s Resources (e.g., Sony, Apple, Hyundai, etc.) or from your own research.

Assignment: Analyze the companies you have selected. In your analysis:

  • Compare and contrast the strategic alliances that these two companies have established abroad.
  • Describe how these companies have shifted or evolved their global marketing activities to accommodate international trade policies.
 
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Which of the following
is recognized as duress?

O A. Threats of a violent act

O B. Fraudulent misrepresentation

O C. Promissory
estoppel

O D.Unconscionability

A condition requires an event that occurs
after performance under the contract and discharges the parties’ obligations.

A. concurrent

O B. absolute

O C. precedent

O D. subsequent

What are the four basic required elements of a
valid contract?

O A.
Unilateral assent, consideration, legality of purpose, and capacity

O B. Unilateral assent, forbearance, legality
of purpose, and conductivity O C. Mutual assent, consideration, legality of
purpose, and capacity

O D. Mutual assent, forbearance, commercial
purpose, and conductivity

 
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