Basic Quantitative Methods

Your manager is looking for your recommendations for how the store could best respond to: declining sales, reducing staffing, and purchasing the building.

To do this, download and fill out the Calculations and Report Document (attached).

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As you complete part one of this document, break down each of the three problems individually. When representing problems as expressions, don’t be afraid to try a few equations for each step to see what works. Use information and data from the company files in the “Supporting Materials” section to answer the questions.

In part two, give your recommendations to your manager: what do you think the company should do about declining sales, reducing staffing, and purchasing the building? Be sure to support your recommendations with quantitative evidence. Then, explain how you used mathematical expressions to solve these problems.

Sample Solution

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