"For many years all the stores in our chain have stocked a wide variety of both domestic and imported cheeses. Last year, however, all of the five best-selling cheeses at our newest store were domestic cheddar cheeses from Wisconsin. Furthermore, a recent survey by Cheeses of the World magazine indicates an increasing preference for domestic cheeses among its subscribers. Since our company can reduce expenses by limiting inventory, the best way to improve profits in all of our stores is to discontinue stocking many of our varieties of imported cheese and concentrate primarily on domestic cheeses."
Write a response in which you discuss what questions would need to be answered in order to decide whether the recommendation is likely to have the predicted result. Be sure to explain how the answers to these questions would help to evaluate the recommendation.
While it is true that the survey by Cheeses of the World provides a description for the people’s taste, one must be cautious in recommending methods of maximizing profit based on the newest store’s top 5 seller and how the sales of different product could generate different amount of profit.
The first question that needs to be addressed is how well the five best seller of the newest store can represent the overall sales of cheese throughout all the chained stores. The survey suggests that cheese lovers have an increasing preference for domestic cheese, but it never indicated how many polls were submitted or how well the respondants represent the population of cheese lovers. Moreover, the five best seller at their newest chain store does not provide adequate objectivity in predicting its customer preference. Perhaps the newest store is situated at some isolated town where people have a huge appetite for Wisconsin cheese. Maybe the newest store had not imported all the varieties of cheese and so naturally the only possible best seller is the domestic cheese. While it is true that the new store’s data should be considered, it is insufficient to draw useful conclusion from a single store.
In addition, even if customers are more inclined to purchase domestic cheese, this does not necessarily imply selling domestic cheese exclusively engenders more profit. While it is true that decreasing inventory could lead to higher profit, it does not consider many other factors. For example, maybe imported cheese could be sold at a great marginal profit, while selling domestic cheese generates much less revenue. If the chained cheese store is renowned for the variety it provides, cutting down on imported cheese may very well decrease customer’s motivation to visit them, hence decreasing profit.
Therefore, the newest store’s best seller cannot be used to determine customer’s preference, because we need to consider its location and how local people’s appetite differs from the nation’s preference. In addition, it is self evident that selling more is not equivalent to making more profit, because we must consider each individual product’s marginal revenue.
- All college and university students would benefit from spending at least one semester studying in a foreign country. 70
- Claim: The best way to understand the character of a society is to examine the character of the men and women that the society chooses as its heroes or its role models.Reason: Heroes and role models reveal a society's highest ideals.Write a response in wh 70
- Arctic deer live on islands in Canada's arctic regions. They search for food by moving over ice from island to island during the course of the year. Their habitat is limited to areas warm enough to sustain the plants on which they feed and cold enough, at 70
- "For many years all the stores in our chain have stocked a wide variety of both domestic and imported cheeses. Last year, however, all of the five best-selling cheeses at our newest store were domestic cheddar cheeses from Wisconsin. Furthermore, a recent 60
flaws:
It is wrong to say: 'The survey suggests that cheese lovers have an increasing preference for domestic cheese, but it never indicated how many polls were submitted or how well the respondants represent the population of cheese lovers.'
Better to accept those data or evidence are true, and then try to find out loopholes:
Maybe the survey by World magazine works cross the world or only for those subscribers.
Attribute Value Ideal
Score: 3.5 out of 6
Category: Satisfactory Excellent
No. of Grammatical Errors: 0 2
No. of Spelling Errors: 0 2
No. of Sentences: 13 15
No. of Words: 348 350
No. of Characters: 1796 1500
No. of Different Words: 180 200
Fourth Root of Number of Words: 4.319 4.7
Average Word Length: 5.161 4.6
Word Length SD: 2.58 2.4
No. of Words greater than 5 chars: 147 100
No. of Words greater than 6 chars: 103 80
No. of Words greater than 7 chars: 79 40
No. of Words greater than 8 chars: 42 20
Use of Passive Voice (%): 0 0
Avg. Sentence Length: 26.769 21.0
Sentence Length SD: 8.059 7.5
Use of Discourse Markers (%): 0.923 0.12
Sentence-Text Coherence: 0.413 0.35
Sentence-Para Coherence: 0.611 0.50
Sentence-Sentence Coherence: 0.158 0.07
Number of Paragraphs: 4 5