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The role play is set primary to deciding who plays which part in the play. The list of participants could solely exist of applicants but can also include experts. The experts inspect the participant’s behaviour and might challenge them in particular stages of the role-play. One advantage is that experts can emphasise on specific situations, which may occur often in the performed job, and therefore, examine who reacts in the most effective or professional way. Yet, role-plays require high…

A decision support system uses data from internal and/or external sources (Stair & Reynolds, 2010). Internal sources of data might include sales, inventory, or financial data. Data from external sources could include interest rates, the cost of raw material such as flours, and fuel cost. Some decision support systems also include capabilities that allow you to create a model of the factors affecting a decision (O'Brien & Marakas 2009). With the model, you can ask what-if questions by changing…

However, the large drop in PalmKid’s contribution margin per unit combined with a decrease in the actual number of PalmPro units sold as well as a drop in the actual contribution margin per unit below budget, led to the total contribution margin being much lower than budgeted. Other factors could be discussed here––for example, it seems that the PalmKid did not achieve much success with a three digit price point––selling price was budgeted at $149 but dropped to $102. At the same time,…

Gold margins are standardized because of adornment+ investment factor. However, quest for greater margins is driving diversification from gold jewellery products. Demand for gold jewellery remains very strong because of cultural traditions, Gold jewellery sales - for weddings, in particular - will continue to generate volume growth for jewellery retailers. Platinum and diamond jewellery sales will generate margin growth. The shift to more profitable diamond jewellery has been smooth because…