Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Project Management Expert

Shoe-tek, Inc. is a foremost manufacturer of running shoes. With baby boomers getting older, they found that there is a potential market in shoes specifically developed for walking rather than running. Market research recommends that walking shoe market will be $100 million and Shoe-tek could capture 20 percent of this market as its strong brand. Though, it is evaluated that 10 percent of Shoe-tek's current sales of running shoes are already being used by baby boomers for walking. If Shoe-tek introduces walking shoe, half of these consumers would switch ferom Shoe-tek's running shoe to walking shoes. Shoe-tek has already spent $10 million on R&D for its running shoes and could leverage this and manufacture completely new walking shoe for extra $1 million in R&D. Shoe-tek would also require to create extension to their warehouse to accommodate extra materials and inventory. This extension would cost $1 million. If annual revenues for Shoe-tek total $80 million, determine the amount to use as annual sales figure when estiamting this project? describe why?

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M933028

Have any Question? 


Related Questions in Project Management

Read the following article schulman m 2012 june insider

Read the following article: Schulman, M. (2012, June). Insider trading enforcement. Answer the following questions, after performing additional research or relying on your course project research to date: (1) What polici ...

Adding media to a presentationwe certainly live in a

ADDING MEDIA TO A PRESENTATION We certainly live in a "multimedia" society, in which it's often easy to present and receive information using a variety (multi) of media. Presentation tools such as Microsoft's PowerPoint ...

Which of the seta programs three elements-education

Which of the SETA program's three elements-education, training, and awareness-is the organization best prepared to provide itself? Which should it consider outsourcing? How does training differ from education? Which of t ...

One of the most common reasons for not wanting to adopt a

One of the most common reasons for not wanting to adopt a matrix is the excessive administrative costs and accompanying overhead costs. Would you expect the overhead rates to decrease as the matrix matures? (Disregard ot ...

1 why is selecting appropriate target markets important to

1. Why is selecting appropriate target markets important to an organization that wants to adopt the marketing concept philosophy? 2. What is a sales forecast? Why is it important? 3. MTV Latino targets the growing Hispan ...

An elastoplastic bar is clamped at the left end and

An elastoplastic bar is clamped at the left end, and variable displacements are applied at the right end, as shown in the table. Plot the stress-strain curve by changing the tip displacement by 1 mm increments. Assume th ...

Consider the topic of data warehousesin the future ai

Consider the topic of data warehouses. In the future, AI systems will be increasingly applied to data warehouse processing. Which AI systems do you think might be helpful? For which tasks, or situations, might they best ...

1 what is selective exposure why do people engage in it2

1. What is selective exposure? Why do people engage in it? 2. How do marketers attempt to shape consumers' learning? 3. Why are marketers concerned about consumer attitudes? 4. In what ways do lifestyles affect the consu ...

The information age in which you livechanging the face of

The Information Age in Which You Live Changing the Face of Business OPENING CASE STUDY: IS YOUR SOCIAL SECURITY NUMBER WORTH $98? The answer for many people is yes. But they're not referring to the worth of their own soc ...

Review a project schedule and evaluate for potential

Review a Project Schedule and Evaluate for Potential Issues/Cost Impacts In a 1-page Word document, consider the following activities and their durations. The original project schedule, using early activity starts, is sh ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen