1. Which company do you know of that successfully has been ableto successfully or not manage its corporate structure in relation to itsstrategy? Explain your rational. Cite all your research accordingly
2. Select a company of your choice. What has been their globalcompetitive advantage (either successful or not)? If not, what would be yoursuggestion to this company if you were hired as a consultant? Justify / explainthe rational you used. Cite all your research accordingly
3. Most business decisions involve elements of risk anduncertainty. The notion of probability is used both in business and in ourdaily lives. Explain the concept of probability and provide an example of theclassical definition and the relative frequency definition perspectives of probability- for instance, expected error rates in manufacturing, complaint rates inservice sector, etc.
4. Sampling is thefoundation of statistical analysis. The first step in sampling is to design aneffective sampling plan that will yield representative samples of thepopulation under study. Devise a sampling plan and approach used to obtainsamples from a population prior to data collection activity. Please provideexamples of sampling from various industries and potential sampling errors. Anexample might be the fast food surveys - do those attract folks with positiveexperiences, negative experiences, or those with different price elasticities?