Be on schedule.Score better.


You are an economist for a U.S. Manufacturer, who is

You are an economist for a U.S. Manufacturer, who is considering expanding sales into Europe. Your market research has identified the market potential in France, Italy, and Spain as described next:

Success Level                France                                 Italy                                          Spain

                         Probability        Units                 Probability        Units                 Probability        Units

Big                    0.3                   1,000,000         0.4                   900,000             0.4                   700,000

Mediocre          0.3                   600,000            0.4                   700,000             0.3                   300,000

Failure              0.4                     0                     0.2                     0                      0.3                       0

The product sells for $12 and has unit costs of $10.

If you can enter only one market, and the cost of entering the market (regardless of which market you select) is $300,000, should you enter one of these markets? If so, which one? If you enter, what is your expected profit?

Table of Contents

Calculate your order
Pages (275 words)
Standard price: $0.00

Latest Reviews

Impressed with the sample above? Wait there is more

Related Questions

Movie comparison

Description Write a 2-3 page reflective summary of the main educational issues covered by both films. Think in terms of special populations as we will

Gordon functional health patterns

Description Who was Marjory Gordon .What are Gordon functional health patterns.Mention 11 Gordon patterns and explain what they do.Choose two patterns a).Coping with stress tolerance

Successful IT industry Leaders

Successful IT industry Leaders   Paper details: Course: Organization Behavior Instructions: 1. Identify the five most effective leaders you can think of. The leaders can

How Power Corrupts in Macbeth

 Does power corrupt automatically? Apply this famous expression to the events and characters in Macbeth. focus on how power corrupts Macbeth, Lady Macbeth, and Banquo.

New questions

Don't Let Questions or Concerns Hold You Back - Make a Free Inquiry Now!