For each of the following report situations, write a clear problem statement and list what factors could or should be explored. A manufacturer of breakfast cereals wants to attract a new demographic of consumers.  The manufacture of a toothpaste wants a bigger share of the toothpaste market.  A company wants to give its stockholders a summary of its operations for the past calendar year.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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  1. For each of the following report situations, write a clear problem statement and list what factors could or should be explored.
  • A manufacturer of breakfast cereals wants to attract a new demographic of consumers. 
  • The manufacture of a toothpaste wants a bigger share of the toothpaste market. 
  • A company wants to give its stockholders a summary of its operations for the past calendar year. 
  • A building contractor engaged to remodel an office for the Company X submits a report summarizing its weekly progress 
  • The supervisor do Department X must prepare a report about the need for a new staff member
  • Baker, Inc is experiencing higher than normal employee turnover.
  • An executive must rank three subordinates on the basis of their suitability for promotion to a particular job. 
  • A restaurant manager must compare two possible suppliers of fresh seafood.
  • An investment consultant must advise a client on whether to invest in the development of a lake resort.
  • A consultant needs to help a wine shop improve its profits.
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