Problem 1: Jessica Alba, a famous actress, starts the baby ...Problem 2: You operate your own smal

Aug 3rd, 2016
Studypool Tutor
Price: $10 USD

Tutor description

Problem 1: Jessica Alba, a famous actress, starts the baby and family products business, The Honest Company, with Christopher Gavigan. Alba and Gavigan set up their site so families can choose what kinds of non-toxic, all-natural products they'd like to use and get them in a bundle. Families can choose all kinds of products from food to hygiene necessities and cleaning supplies. Suppose they are thinking of expanding their business into five domestic markets..... Problem 2: You operate your own small building company and have decided to bid on a government contract to build a pedestrian walkway in a national park during the coming winter. The walkway is to be of standard government design and should involve no unexpected costs. Your present capacity utilization rate is moderate and allows sufficient scope to understand this contract, if you win it. You calculate your incremental costs to be $268,000 and your fully allocated costs to be $440,000. Your usual practice is to add be........

Word Count: 1318
Showing Page: 1/6
20Please complete the following two applied problems:Problem 1:Jessica Alba, a famous actress, starts the baby and family products business, The HonestCompany, with Christopher Gavigan. Alba and Gavigan set up their site so families can choosewhat kinds of non-toxic, all-natural products they'd like to use and get them in a bundle. Familiescan choose all kinds of products from food to hygiene necessities and cleaning supplies. Supposethey are thinking of expanding their business into five domestic markets: Phoenix, Dallas,Chicago, New York, and Atlanta. Assume their primary goal of business is to maximizeeconomic profits, although they want to do business honestly.Show all your calculations and process. Describe your answer for each question in three- to fivecomplete sentences.1. You are a business adviser for Alba and Gavigan. Describe a skimming price and a penetrationprice, and advise them whether they should charge a skimming price or a penetration price,with supportive reasoning for and against each pricing alternative.2. Are they likely to make economic profits initially? Can they continue to make economic profits inthe long term? Why or why not? Discuss.3. What advice would you give to Alba and Gavigan to help them make more profit in the longterm?Problem 2:You operate your own small building company and have decided to bid on a governmentcontract to build a pedestrian walkway in a national park during the coming winter. The walkwayis to be of s

Review from student

Studypool Student
" Thanks for the help. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1830 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors