1)How has the Internet revolutionized global place decisions? Please provide a reference for further research.

2) The following terms appeared on an invoice dated May 20, sent by a

manufacturer to a retail store: 2/10, net 30. The amount of the invoice was $2,000. Assuming the retailer paid the invoice on May 30 (10 days after the products were delivered), how much should he have paid?

3) A large supermarket chain purchases a box of cereal from a food wholesaler.

If the supermarket chain uses a markup of 20 percent on its selling price of $2.85, what is the price the supermarket chain paid to the food wholesaler? 

4) What do you think of Naomi Klein's positions as espoused in No Logos?

How would you respond to her propositions? Do you agree or disagree about her beliefs on the growth of corporate power?

5) 1.Briefly explain the stages of the Product Life Cycle

2. Why does company need to know what stages of the Product Life Cycle its products are in?

3.How can marketers extend the life cycle of an established product? use examples to explain or illustrate

6) Prove that the first linear programming problem given below is infeasible and the second one is unbounded

7)  The following payoff table was developed. Let P(S1) = 0.4, P(S2) = 0.5 and P(S3) = 0.1 Compute the expected monetary value for each alternative. Act State of Nature ($) S1 S2 S3 A1 55 65 70 A2 80 40 85 A3 75 60 90 O Act Expected Payoff ($) A1 70.0 A2 55.0 A3 81.7 O Act Expected Payoff ($) A1 $1.5 A2 60.5 A3 69.0 Act Expected Payoff ($) A1 $3.3 A2 58.3 A3 75.0