Sunday, April 16, 2023

Various stages involved in the consumer buying process with reference to buying a smartphone brand of your choice.

MBA
Marketing Management
ASSIGNMENT

Course Code: MMPC-006
Assignment Code: MMPC-006/TMA/JULY/2022
Coverage : All Blocks

(b) Discuss the various stages involved in the consumer buying process with reference to buying a smartphone brand of your choice.

The consumer buying process refers to the stages that a buyer goes through before making a purchase decision. These stages include problem recognition, information search, evaluation of alternatives, purchase decision, and post-purchase evaluation. Let's discuss each stage in detail with reference to buying a smartphone brand of iPhone. The consumer buying process for buying an iPhone can be broken down into the following stages:

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Define and discuss the term “Marketing”. Elaborate its scope and significance in an enterprise. Needs, Wants and Demands are always the starting point for marketing activities. Explain with a suitable example

MBA
Marketing Management
ASSIGNMENT

Course Code: MMPC-006
Assignment Code: MMPC-006/TMA/JULY/2022
Coverage : All Blocks

1. (a) Define and discuss the term “Marketing”. Elaborate its scope and significance in an enterprise. Needs, Wants and Demands are always the starting point for marketing activities. Explain with a suitable example.

Marketing is the process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. It involves identifying the needs and wants of customers, developing products or services that meet those needs and wants, and promoting and distributing them to target customers through various channels.

The scope of marketing is vast, encompassing various activities such as market research, product development, pricing, promotion, distribution, and customer service. Marketing plays a crucial role in the success of any enterprise as it helps to attract and retain customers, generate revenue, and build brand equity.

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Time Series Analysis

MBA
Quantitative Analysis for Managerial Applications
ASSIGNMENT

Course Code: MMPC-005
Assignment Code: MMPC-005/TMA/JULY/2022
Coverage : All Blocks

5. Write short notes on any two of the following:-

(d) Time Series Analysis

Time series analysis is a statistical method used to analyse and model data collected over time. It involves examining historical data and identifying patterns or trends that can help predict future behaviour. Time series analysis can be used in a variety of fields, including finance, economics, engineering, and environmental science.

The primary objective of time series analysis is to develop a statistical model that captures the underlying patterns and trends in the data. This model can then be used to forecast future values of the time series. There are several techniques used in time series analysis, including trend analysis, seasonal analysis, cyclical analysis, and random fluctuation analysis.

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Exponential Distribution

MBA
Quantitative Analysis for Managerial Applications
ASSIGNMENT

Course Code: MMPC-005
Assignment Code: MMPC-005/TMA/JULY/2022
Coverage : All Blocks

5. Write short notes on any two of the following:-

(c) Exponential Distribution

Exponential distribution is a continuous probability distribution that models the time between events occurring in a Poisson process, where events occur randomly and independently over time.

The exponential distribution is characterized by a single parameter, the rate parameter, which determines the shape and scale of the distribution.

The probability density function (PDF) of the exponential distribution is given by: f(x;λ) = λ * e^(-λx) where x is the time between events, λ is the rate parameter, and e is the base of the natural logarithm.

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Stratified Sampling

MBA
Quantitative Analysis for Managerial Applications
ASSIGNMENT

Course Code: MMPC-005
Assignment Code: MMPC-005/TMA/JULY/2022
Coverage : All Blocks

5. Write short notes on any two of the following:-

(b) Stratified Sampling

Stratified sampling is a sampling method used in statistics to ensure a representative sample of a population by dividing the population into subgroups, or strata, based on a specific characteristic or variable of interest. The strata are then sampled proportionally to their size in the population, and a sample is taken from each stratum.

The purpose of stratified sampling is to reduce sampling error and improve the precision of estimates by ensuring that each stratum is represented in the sample. By dividing the population into strata, variations within each stratum can be reduced, and the sampling error can be minimized. Stratified sampling is particularly useful when the variable of interest has high variability within the population, and when the population is heterogeneous.
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Mathematical Properties of Arithmetic Mean

MBA
Quantitative Analysis for Managerial Applications
ASSIGNMENT

Course Code: MMPC-005
Assignment Code: MMPC-005/TMA/JULY/2022
Coverage : All Blocks

5. Write short notes on any two of the following:-

(a) Mathematical Properties of Arithmetic Mean.

Arithmetic mean, also known as the average, is a widely used measure of central tendency in statistics. It is calculated by adding up all the values in a set of data and dividing by the total number of values. The mathematical properties of arithmetic mean are important to understand in order to interpret and analyze data accurately.

The first property of arithmetic mean is that it is sensitive to extreme values, also known as outliers. Outliers can significantly affect the arithmetic mean, causing it to be skewed either positively or negatively. Therefore, it is important to identify and handle outliers appropriately when calculating the arithmetic mean.

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The means of two large samples of sizes 1000 and 2000 are 67.5 and 68.0 respectively. Test the quality of the means of the two populations each with standard deviation of 2.5. (z table value at α0.05= -1.96).

MBA
Quantitative Analysis for Managerial Applications
ASSIGNMENT

Course Code: MMPC-005
Assignment Code: MMPC-005/TMA/JULY/2022
Coverage : All Blocks

4. The means of two large samples of sizes 1000 and 2000 are 67.5 and 68.0 respectively. Test the quality of the means of the two populations each with standard deviation of 2.5. (z table value at α0.05= -1.96).

In statistical hypothesis testing, we start by formulating a null hypothesis (H0) and an alternative hypothesis (Ha). The null hypothesis is the statement that we want to test, while the alternative hypothesis is the statement that we want to accept if we reject the null hypothesis. The level of significance (α) is the probability of rejecting the null hypothesis when it is actually true. In this case, the level of significance is α = 0.05.

The null hypothesis in this case is that there is no significant difference between the means of the two populations, or μ1 = μ2. The alternative hypothesis is that there is a significant difference between the means of the two populations, or μ1 ≠ μ2.

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What do you understand by Primary Data? What are the various methods of collecting primary data? Also, mention what points to be kept in mind while designing the questionnaire?

MBA
Quantitative Analysis for Managerial Applications
ASSIGNMENT

Course Code: MMPC-005
Assignment Code: MMPC-005/TMA/JULY/2022
Coverage : All Blocks

3. What do you understand by Primary Data? What are the various methods of collecting primary data? Also, mention what points to be kept in mind while designing the questionnaire?

Primary data refers to data that is collected directly from the source, either through observation or by asking questions. This type of data is original and has not been previously collected, making it particularly valuable for research purposes. Primary data can be collected through various methods, such as surveys, interviews, experiments, and observation.

Surveys are one of the most common methods of collecting primary data. Surveys can be conducted in various ways, such as through online forms, telephone interviews, face-to-face interviews, or postal mail. Surveys can be structured, where participants are given a set of pre-determined questions, or unstructured, where participants are allowed to respond freely to open-ended questions.

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Why is forecasting so important in business? Explain the application of forecasting for long term decisions

MBA
Quantitative Analysis for Managerial Applications
ASSIGNMENT

Course Code: MMPC-005
Assignment Code: MMPC-005/TMA/JULY/2022
Coverage : All Blocks

2. Why is forecasting so important in business? Explain the application of forecasting for long term decisions.

Forecasting is a critical process in any business. It is the process of predicting future events and trends based on historical data and statistical models. It is used to make decisions about future actions that can have significant impacts on the business. Forecasts are important because they allow businesses to make informed decisions based on what is most likely to happen in the future. There are many reasons why forecasting is important in business.

First, it helps businesses to plan for the future. Forecasting enables businesses to predict the demand for their products or services and make necessary adjustments to their production schedules or staffing levels. It also helps businesses to plan for future investments, such as capital expenditures or expansion plans. Without accurate forecasts, businesses would be flying blind and making decisions based on incomplete or inaccurate information.

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The income of a group of 10,000 persons was found to be normally distributed with mean Rs.750 per month and a standard deviation of Rs. 50, show that of this group about 95% has income exceeding Rs. 668 and only 5% had income exceeding Rs. 832. (area between 750 and 668 = 0.4495, area between 750 and 832 = 0.4495)

MBA
Quantitative Analysis for Managerial Applications
ASSIGNMENT

Course Code: MMPC-005
Assignment Code: MMPC-005/TMA/JULY/2022
Coverage : All Blocks

1. The income of a group of 10,000 persons was found to be normally distributed with mean Rs.750 per month and a standard deviation of Rs. 50, show that of this group about 95% has income exceeding Rs. 668 and only 5% had income exceeding Rs. 832. (area between 750 and 668 = 0.4495, area between 750 and 832 = 0.4495).

The problem provides us with information about a normally distributed group of 10,000 persons with a mean income of Rs.750 per month and a standard deviation of Rs.50. The goal is to calculate the proportion of the group with income exceeding Rs. 668 and Rs. 832.

To begin, we can use the formula for the z-score: z = (x - mu) / sigma where x is the income value, mu is the mean income, and sigma is the standard deviation. Using this formula, we can calculate the z-score for an income of Rs.668 as: z = (668 - 750) / 50 = -1.64 Similarly, we can calculate the z-score for an income of Rs.832 as: z = (832 - 750) / 50 = 1.64

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Calculate cash from operations

MBA
Accounting for Managers
ASSIGNMENT

Course Code: MMPC-004
Assignment Code: MMPC-004/TMA/JULY/2022
Coverage : All Blocks

5. From the following calculate cash from operations:

To calculate cash from operations, we need to adjust the net profit for non-cash items and changes in working capital.

Starting with the net profit of Rs. 10,000, we need to add back the non-cash expenses and losses, which are: Depreciation: Rs. 2,000 Loss on sale of plant: Rs. 1,000 Goodwill written off: Rs. 4,000 So, the total adjustments to net profit are: 2,000 + 1,000 + 4,000 = Rs. 7,000.

Next, we need to adjust for changes in working capital, which include changes in current assets and liabilities such as accounts receivable, inventory, accounts payable, and accrued expenses

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Various contents of an Annual Report

MBA
Accounting for Managers
ASSIGNMENT

Course Code: MMPC-004
Assignment Code: MMPC-004/TMA/JULY/2022
Coverage : All Blocks

4. Explain in detail the various contents of an Annual Report.

An annual report is a comprehensive document that companies produce once a year to provide shareholders, investors, and other stakeholders with a detailed overview of the company's financial and operational performance.

The annual report typically contains the following sections: Introduction: This section usually contains a letter from the company's CEO or chairman, in which they discuss the company's achievements over the past year, outline its goals for the future, and thank stakeholders for their support.

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