ECO550 Week 3 Discussion 1 and Discussion 2

Discussion 1

"Managing in the Global Economy" Please respond to the following:

*Answer the following discussions based on the Katrina’s Candies scenario:

From the scenario for Katrina’s Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used within this scenario.

Now, assume you have acquired some time series data that would enable you to make short, medium, and long term forecasts. Ascertain the quantitative technique that will provide you with 

the most accurate forecast. Provide a rationale for your responses.

Discussion 2

"Outsourcing Offshore" Please respond to the following:

Answer the following discussions on the decision to outsource offshore:

Aside from maximizing profits, list the key factors that managers should consider when deciding whether or not to outsource offshore. Determine the key factors that you believe to be the most influential. Provide a rationale for your response.

Examine the manner in which the firm’s decision to outsource offshore is impacted by foreign exchange. Determine whether or not it matters where the company outsources offshore. Provide a rationale for your respons

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