Consider a Project Having the Following Seven Activities

question 112

Essay

Consider a project having the following seven activities:
Normal Normal Crash Crash Maximum
Immediate Time Cost Time Cost Weeks
Activity Predecessors (weeks) ($) (weeks) ($) Reduced
A none 4 3,000 3 5,000 1
B A 9 5,000 7 8,000 2
C A 4 7,000 4 7,000 0
D B, C 6 6,000 4 8,000 2
E C 8 4,000 6 8,000 2
F D 3 4,000 2 9,000 1
G E, F 4 2,000 2 7,000 2
(a)What is the expected project completion time?
(b)What is the critical path?
(c)What is the most economical way and how much will it cost to reduce the completion time of the project by three weeks? By five weeks?

Differentiate between various types of market segmentation.

Understand the role and process of segmentation, targeting, and positioning (STP) in marketing.

Identify the significance of understanding customer needs, wants, and demands in market segmentation.

Recognize the significance of conducting a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis in strategic planning.

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Definitions:

Cash Operating Expenses

Expenses that a company must pay out in cash, such as salaries, utilities, and rent, related to its operational activities.

Incremental Sales

The addition to total sales generated by a specific business activity or decision, beyond what would have otherwise been achieved.

Income Tax Expense

The cost charged against earnings from operations and other activities, representing the amount of income taxes owed to governmental authorities.

Working Capital

The difference between a company's current assets and current liabilities, indicating short-term financial health and operational efficiency.