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City of Melbourne council has recognised the heritage value and ‘sensory experience’ of the Australian yeast spread’s distinctively pungent perfume. The taste of Australia’s iconic spread has long been divisive. Now the smell of Vegemite is being recognised. The City of Melbourne council has recognised the heritage value of the distinctive odour as part of its description of a Port Melbourne factory where the yeast spread has been long manufactured. The former Kraft Vegemite factory on 1 Vegemite Way, Fishermans Bend was built over a century ago. Now owned by Bega, the factory has produced the nation’s supply of Vegemite since the 1920s. “It is important for future urban planning in that area to be underpinned by an understanding of its historical significance to Melbourne’s industrial history.” The Vegemite factory, “and the smell coming from it,” is a large part of that historical significance, Watson said. Located off the Westgate freeway – a major traffic artery in Melbourne, Watson said the distinctive smell of the factory is something “you get a whiff of when passing from place to place. “The National Trust wanted to acknowledge the sensory experience of the place as part of the City of Melbourne’s heritage study.” However, the City of Melbourne council stopped short of declaring the Vegemite smell “significant”. This is to ensure no “future development of Fishermans Bend” is put in jeopardy, said the City of Melbourne’s deputy lord mayor Nicholas Reece in a statement. While the deputy lord mayor acknowledged the “attachment many people have towards the distinctive smell of the beloved spread” that emanates from the factory, the council sought to avoid tying “a smell to the ongoing use of the land”. The deputy lord mayor does acknowledge that the distinctive smell will be recorded as a “recognised part of the site’s history” in the City of Melbourne’s heritage study. “We see this as an appropriate outcome. We are pleased the smell will still be recognised,” said Watson. “Our campaign for the smell to be recognised is about acknowledging that the significance of this place goes beyond the bricks and mortar of the factory building.” The idea of recognising smells as having heritage significance is unusual, explained Watson. “This is the first time the National Trust has proposed something like this in relation to a heritage place.” Question 2: What do the following acronyms stand for? Please provide an example for each as it relates to gastronomy: a. PGI b. PDO c. TSG d. GI e. What is the Slow Food Movement? 2|Page Question 3: Read the following statement situated on the Tourism Australia website. At a time when tourists are demanding more immersive experiential travel, why is food considered important to the overall experiential value of tourism? Tourism Australia’s research conducted across 15 of Australia’s key tourism markets showed that ‘great food, wine, and local cuisine is a major factor influencing holiday decision making (at 38 per cent), ranking third ahead of world class beauty and natural environments (37 per cent): Native Australian ingredients are fundamental to the country’s cuisine, and the Northern Territory offers opportunities to experience bush foods and the culture that has used them for thousands of years. Near Alice Springs, enjoy an immersive dining experience with Arrernte Aboriginal chef and host Bob Pernuka Taylor from RT Tours. On a Mbantua dinner, you’ll indulge in a three-course meal infused with unique flavours of the Australian bush. After dinner, spot the animals that only come out after dark, and marvel at millions of stars above. Nitmiluk Tours will take you through the winding Nitmiluk Gorge on a sunset dinner cruise, where you’ll eat a three-course meal cooked on-board as the setting sun transforms the landscape. Learn about seasonal bush foods and medicines used by the Lurit-ja and Per-tame (South-ern Aran-da) people with a Karrke Aboriginal Cultural Tours, set in the breathtaking backdrop of Kings Canyon. Question 4: Different foods, flavours, cooking techniques have developed over time (for example, Cajun food is a style of cooking and food particular to Louisiana in the US). What social, political, cultural and geographic factors influence the development of distinctive Cuisines?
 
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Referring to anywhere in the world.

New Venture Inc operates as a course that you will know as ‘Entrepreneurship for Social and Market Impact’. New Venture Inc is organised into working groups that you will know as Tutorials. Each working group has a Venture Development Leader (NVDL) who you will identify.

This New Venture Inc is tasked with developing new venture concepts that address social and market problems. Your NVDL is the designated leader of the working groups responsible for leading teams through a new venture idea development process. The Chief Executive Officer (CEO) of New Venture Inc, who will will know as the Course Coordinator, has requested that the NVDLs to organise teams within the working groups who will each develop a new venture idea that responds to a challenge presented by a social and market problem area.

In this study period, the challenge area is Plastic waste.

Your challenge is to spot an idea and build a new business concept that addresses the challenge area. You will work in teams to develop a new venture proposal to the best of your team’s capability to then recommend whether the venture is feasible to progress to further development. Your teams will be formed across the first few weeks and your NVDL will guide you through this process. Teamwork is vital to the productive creation of new venture proposals.

Your team’s aim is to develop a New Venture Proposal using the Lean Canvas tool that will be introduced during the course. Your objective is to conceive a new venture idea, develop a Lean Canvas that illustrates how the new venture idea will solve a customer problem and provide value, be competitively positioned in the marketplace, have a viable channel to market. The team will further identify the major establishment costs, resource investments and revenue stream opportunities. Your final task will be to review your new venture idea to determine the extent to which it is feasible for moving forward to business development based on a quick feasibility screening tool called CUSTIMR, that assesses seven aspects of the venture proposal.

The concept is turning recycled wasted into roads and bike paths.

Brief feasibility report with a recommendation on whether to proceed to business development, cease further development of the concept, or recommend the next actions necessary to clarify whether to proceed or not if the evidence is unclear.

The Feasibility Report will include a brief discussion/assessment of the following points:

  1. Concept Synopsis: A description of your team’s new enterprise concept and an overview of the Lean Canvas strengths and weaknesses for your new venture proposal. Your presented Lean Canvas is to be included as an Appendix item.
  2. Customer Value Proposition: The extent to which accessible customers are identified who are willing and able to purchase the product/service and who recognise the benefits and fit of the product/service offering with their customer job(s) to done. Innovators or early adopters are identified as customers.
  3. Unfair/Competitive Advantage: The extent to which the concept is difficult to copy by competitors and/or there are no or few alternatives or substitutes.
  4. Sustainability: The extent to which the concept provides equitable economic gain, environmental care and is socially responsible.
 
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solve the multiple choices, giving an explanation for the material of Production and Operations Management:

1) XYZ inc, produces meter sticks that have a target length of 100 centimeters with upper and lower specification limits of 100.05 and 99.95 centimeters, respectively. Their existing process produces meter sticks with an average length of 99.97 centimeters and a standard deviation of 0.015 centimeters. what is their process capability index?

A) 0.83

B) 1.78

C) 0.44

D) 1.26

2) In Statistical process control, _____ are used to detect defects and determine if the process has deviated from design specifications

A) flowcharts

B) cause-and-effect diagrams

C) process capability charts

D) control charts

3) Which of the following is NOT one of the four primary scales of measurement?

A) Nominal scales

B) Random scales

C) Ordinal scales

D) Interval scales

 
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q-City College is a community college with a $100 million endowment. Since its establishment, it has had a fixed investment policy of 55% stocks (spread 10/15/30 amongst small, medium and large cap stock portfolios), 35% bond index fund (VBMFX) and 10% Equity REIT solver the years 2004–2020.Since the role of the endowment in meeting budget needs has increased dramatically in the past few years, City College has decided to review its past performance and future contributions to the institution. The school learned that another local university had hired a financial advisory company to review its investment policy. City College decided to the same. The school hired your company to assess its current performance and to recommend an optimal portfolio mix. In particular, the school felt strongly that a return of 0.8%per month represented a “floor” below which the portfolio return should not drop and want you to suggest an efficient asset allocation to achieve this goal. Your manager has decided to assign the task to your team. You are required to address the following questions. For simplicity, we assume that short sales are allowed (unless explicitly ruled out) and borrowing at the risk-free rate is possible.

1. Continue to assume that you can invest in the risk-free asset. Calculate the investment proportions required to construct an efficient portfolio with an expected return equal to the existing portfolio’s expected return(note: this portfolio should include the risk-free asset). Also calculate the expected standard deviation of returns on this portfolio.

2.Continue to assume that you can invest in the risk-free asset. Suggest an efficient portfolio allocation to achieve the college’s objective of a ‘floor’ rate of return equal to 0.8%per month. What is the expected standard deviation of the portfolio

 
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