Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Management Theories Expert

Harry Phelps, owner of Harry's Clothing Cupboard, is considering a move from downtown to a new shopping mall. Because he has been downtown for 20 years and has built quite a following there, Harry thinks that if he moves there is a 20% chance his business will decline by $100,000, a 30% chance that it will remain stable, and a 50% chance that it will increase by $175,000 because of the quality of sales promotion done by the mall management. Further, the city is considering a downtown revitalization with a plaza in front of Harry's store. He believes there is a 70% chance this will pass the city council: if it does, he estimates his business should increase by $200,000. If the plaza is not built, Harry thinks his downtown business will decline by about $50,000. Time is of the essence: the mall owners need an answer immediately or he will lose any chance to locate there. Construct a decision tree and help Harry decide on a course of action.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M92494881

Have any Question?


Related Questions in Management Theories

Question - choose a product or technology interview five

Question - Choose a product or technology. Interview five consumers who buy that product and ask them what major problems they have with the product (or what major things they dislike about it). Then ask them to describe ...

Seek out at least three individuals within your sphere of

Seek out at least three individuals within your sphere of influence and ask the following: What does workplace stress feel like to you? What activities or actions do you or your organization initiate to reduce workplace ...

Two goods cloth and wine two countries a and b suppose that

Two goods: cloth and wine; two countries A and B. Suppose that the autarky relative price of cloth in country A is 1.2 and in country B is 2.5. Suppose cloth is on horizontal axis and wine on the vertical. If the relativ ...

Strategic information systems assignment - literature

STRATEGIC INFORMATION SYSTEMS ASSIGNMENT - Literature Review Write a literature review of NOT more than 2000 words. The review should demonstrate that the student has thoroughly researched their topic. Students should us ...

Discussion please locate one peer-reviewed journal

Discussion : Please locate one peer-reviewed journal (Scholarly Journal Article) related to the topic: Strategic Communication for Business and the Employee. This assignment must a professionally designed PowerPoint Pres ...

Discussion post in a minimum of 150 words select one of the

Discussion Post: In a minimum of 150 words, select one of the discussion questions from the case study and answer the discussion question you selected. (The list of discussion questions from the case study are listed bel ...

Discuss a leader who you would consider to be

Discuss a leader who you would consider to be transformational. Choose a leader located in the Middle East who may serve an instrumental role in Saudi Vision 2030. In your paper, respond to the following: - Determine the ...

Question why do you think the worlds largest theme park

Question : Why do you think the world's largest theme park operator, the Walt Disney Co., was motivated to establish parks in Tokyo, Paris, and Hong Kong? What particular market characteristics of each of those sites wer ...

Developing leaders and organisations assessment - report on

Developing, Leaders and Organisations Assessment - Report on Promoting Individual Informal Workplace Learning Brief - You are the newly-appointed Human Resource Advisor in a medium-sized business that employs approximate ...

Assignment -personal reflection 1 -instructions - watch

Assignment - Personal Reflection 1 - Instructions - Watch Milgram's obedience video: Milgram Experiment Proves We Blindly Obey Authority. Consider the following. Christ called his disciples to follow him (Mark 1:17). He ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As