Information Management & Strategic Decision Taking CHAPTER 2 Global E-business & Collaboration Mention the type of...
Information Management & Strategic Decision Taking
CHAPTER 2 Global E-business & Collaboration
Mention the type of analytical modeling relevant to each of the following points.
1. What changes will occur in the sales volume if the marketing department spends 20% less on electronic advertising?
Answer:
2. How will production be affected if 5 different machines are used?
Answer:
3. We should keep changing the machines until we can find a machine which can produce 100 units in 10 minutes.
Answer:
4. What is the most suitable advertising option that falls within our budget and feasibility?
Answer:
Homework Answers
1: What changes will occur in the sales volume if the marketing department spends 20% less on electronic advertising?
Answer: equilibrium Pattern
2: How will production be affected if 5 different machines are used?
Answer: Quantitative techniques
3: We should keep changing the machines until we can find a machine which can produce 100 units in 10 minutes.
Answer: Linear programming
4: What is the most suitable advertising option that falls within our budget and feasibility?
Answer: feasibility study
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