Critical Thinking for Managers Questions Assignment

Critical Thinking for Managers Questions - Assignment Example 2. Peyton Manning makes millions of dollars a year for throwing a football. Why does he make so much more than teachers who educate our children? Why does he make more than doctors who could save your life? In a capitalist world, the demand and demand for a product dictates its price. In this case, it is evident that the demand for entertainment by consumers from people extraordinary skills like Peyton Manning is high while the supply is short. Hence, Peyton Manning and other athletes who provide entertainment with extraordinary skills earn more than teachers and doctors whose skills are not as extraordinary as athletes’ skills. Milk is strategically placed at the back of a convenient store by virtue of the product being a necessity item whose consumption is high. Hence, placing milk at the front in a convenient store cannot tempt consumers to buy other products since they will only pick the necessities and leave the convenient store without spending more than they would if they shopped on impulse. Conversely, convenient stores have the â€Å"pay at the pump† option in order save the time and money of the customers who would carry out extra shopping if they were to pay inside the convenient store. These two answers are not consistent since one promotes impulse buying while the other does not. With the rising cost of health, the company created a corporate wellness program in order to motivate workers to stay healthy. However, there was complacency on the part of the employees in adopting the wellness program, which witnessed a few employees following the training regime. These two outlets put blue jeans on sale in order to attract customer who eventually buy other brands of jeans. In this case, these outlets recognize the role of conducting a sale in one commodity will eventually attract customers who will not only purchase the blue jeans on sale, but also purchase other commodities that the outlets sold. Pantyhose are not