Answer: Introduction The assignment will be focusing considering the market of Sainsbury’s Supermarket which is considered to be one of the largest supermarkets operating in UK. The business model of Sainsbury is focused on serving the customers to its best potential and provide the best quality of products and services to its potential customers. The aim of the research is to identify the buying patterns of the customers (Neuman 2...Read More
Answer: Question 1 The institute is interested in wages of US workers in 2018. Descriptive statistics and graphical representation of the variable Wages and Education is highlighted below (Foster, 2013). Numerical summary Graphical representation Comment Wage Level It is evident from the above computation that the mean hourly wage level is $25.62. Also, the shape of the graph would be asymmetric considering that high positive ...Read More
Answer: Introduction The assignment will be done on the basis of case study of Salus supermarket which has around 10 stores as per 2017 and the net revenue of the supermarket is £ 39.5 million. The aim of this assignment is to conduct a research on the market for supermarkets, customer’s buying patterns, promotional policies and the various problems which the supermarkets are facing (Ellickson 2016). The results which a...Read More
Question: What examples can you think of where it might be useful in your Organisation to aggregate preference judgements? Answer: As an Owner of the shop, the Arrow conditions which can be observed are-: When the customer is offered diamond (A) & gold (B) & in between the options, he chooses a diamond. But when he is offered gold (B) or silver (C), he chooses gold. As a third option, when he is offered diamond (A) &...Read More
Question: Discuss about the Statistical Techniques Of Hypothesis Testing. Answer: Introduction A two-bedroom apartment is to be rented in Sydney. The person has a preference of staying in two specific suburbs in Sydney. The suburbs are Newtown and Hurstville. The person wants to check the average rent that these two suburbs are offering for the two bedroom apartments. He also wants to find out which suburb is comparatively ...Read More
Question: What are the dangers for a (jewellery) retail shop? How could the four levels of uncertainty framework be applied to improve decision-making in your retail jewellery shop? Answer: Shields Legend Arcade in Australia is facing problems with tough market competition. It is a start up business and in competition it is lacking behind. In this regard, the jwellery shop must follow the four levels of uncertainty to overcom...Read More
Question: Discuss about the Overoptimism and Performance of Entreprenurial. Answer: Introduction Personality has been regarded as the overall profile or the combination of stable psychological attributes, which captures the uniqueness nature that exists in an individual. The character that is exhibited in person has a bearing on the performance as well as impression (Heaton, 2002). Further, the personality of people ha...Read More
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