A cost benefit analysis (also known as a benefit cost analysis) is a process by whichorganizations can analyze decisions, systems or projects, or determine a value forintangibles. The model is built by identifying the benefits of an action as well as theassociated costs, and subtracting the costs from benefits. When completed, a costbenefit analysis will yield concrete results that can be used to develop reasonableconclusions around the feasibility and/or advisability of a decision or situation:(1) Make reference to any organisation of your choice as a case study of thefirm's products, to discuss, how you can apply Social Cost Benefit Analysisto arrive at the decision rule in your strategic thinking; and(2) Critically discuss steps in Cost Benefit Analysis.

Cost-benefit analysis embodies a methodical and numerical approach utilized to assess the viability…

Answered: A cost benefit analysis (also known as…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Michael is the marketing executive of SHOPEE and he is planning to launch the 2.2.22 online SALE through price discounts, either 40% off or 20% off. He also learned that SHOPEE closest competitor LAZADA , is planning to promote also a 2.22.22 online SALE with price discounts , either 50% off or 30% off. If SHOPEE launches the 40% off, it will gain nothing. If LAZADA launches the 50% off or gain 8,000,000 if LAZADA launches the 30% off. If SHOPEE launches the 20% off, it will lose 2,000,000 if LAZADA launches the 50% off or lose 5,000,000 if LAZADA launches the 30% off. 1.Which strategy is dominated by SHOPEE depending on strategy of LAZADA? A. 50% OFF B. 40% OFF C. 20% OFF D. 30% OFF E. NONE 2.What should be the strategy of LAZADA? A. 50% OFF B. 40% OFF C. 30% OFF D. 20% OFF
You are a risk manager of a school bus company in Hong Kong, your boss owns over 1,000 school buses. During COVID 19, almost all the school buses parked in no covered car park every day because students no need to be back to school. Your boss is considering a partial retention program for physical losses to the school buses. a) Identify the factors that your company should consider before it adopts a retention program for physical damage losses to school buses. b) If a retention program is adopted, what are the various methods you can use to pay for physical damage losses to school buses? c) Identify two risk-control measures that could be used in your company’s retention program for physical damage losses
Michael is the marketing executive of SHOPEE and he is planning to launch the 2.2.22 online SALE through price discounts, either 40% off or 20% off. He also learned that SHOPEE closest competitor LAZADA , is planning to promote also a 2.22.22 online SALE with price discounts , either 50% off or 30% off. If SHOPEE launches the 40% off, it will gain nothing. If LAZADA launches the 50% off or gain 8,000,000 if LAZADA launches the 30% off. If SHOPEE launches the 20% off, it will lose 2,000,000 if LAZADA launches the 50% off or lose 5,000,000 if LAZADA launches the 30% off. What should be Michael's Strategy for SHOPEE and what should be the strategy of LAZADA? A. Michael should launch the 20% OFF for SHOPEE and LAZADA should launch the 30% OFF. B. Michael should launch the 40% OFF for SHOPEE and LAZADA should launch the 30% OFF. C. Michael should launch the 40% OFF for SHOPPE and LAZADA should launch the 50% OFF. D. Michael should launch the 20% OFF for SHOPPE and LAZADA should launch…
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