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Ques:- Your client is a ski resort. Global warming has made it such that natural snowfall has been reduced by 50%. They client is concerned. What should they do and why?
Right Answer:
The ski resort should invest in snowmaking technology to create artificial snow, diversify their offerings to include activities that don't rely on snow (like mountain biking or hiking), and promote year-round tourism to reduce dependence on winter snowfall.
Ques:- My grandfather has just died and left me an oil tanker. I need a valuation for tax purposes, and I have hired you to tell me what it’s worth.
Right Answer:

To determine the value of the oil tanker for tax purposes, you should consider factors such as its age, condition, market demand, and recent sales of similar tankers. You may also want to consult a marine surveyor or a professional appraiser who specializes in maritime assets to get an accurate valuation.

Ques:- Our client is the New York City Opera. They want to develop a growth strategy for the next five years. What would you advise them to look at, and what are your recommendations for growth?
Right Answer:
1. **Market Analysis**: Assess the current opera market, audience demographics, and trends in arts consumption.

2. **Audience Engagement**: Develop programs to attract younger audiences, such as educational outreach, community events, and social media campaigns.

3. **Partnerships**: Collaborate with local schools, universities, and cultural organizations to expand reach and resources.

4. **Diverse Programming**: Introduce a mix of traditional and contemporary operas, including new works and collaborations with diverse artists.

5. **Digital Presence**: Enhance online offerings, including streaming performances and virtual experiences to reach a broader audience.

6. **Membership and Subscription Models**: Create flexible membership options and subscription packages to encourage repeat attendance.

7. **Fundraising and Sponsorship**: Strengthen relationships with donors and seek new sponsorship opportunities to increase funding.

8. **Feedback Mechanism**: Implement a system for gathering audience feedback to continuously improve offerings and experiences.
Ques:- A luxury car manufacturer is debating offering a financing option to customers in order to stimulate sales. What is your take?
Right Answer:
Offering a financing option can attract more customers by making the luxury car more affordable, potentially increasing sales. It can also enhance customer loyalty and improve cash flow for the manufacturer. However, it's important to assess the risks of default and ensure that the financing terms are favorable for both the company and the customers.
Ques:- A tire manufacturer in Vietnam has been the only player in that market due to high tariffs on imports. They dominate the tire industry. As it stands, the tariff is 50% of the total cost to produce and ship a tire to Vietnam. Because of the forces of globalization and lower consumer prices, the Vietnamese government decided to lower the tariff by 5% a year for the next ten years. The company is very concerned about this change, as it will radically alter the landscape of the industry in Vietnam. They hire you to assess the situation and advise them on what steps to take.
Right Answer:
The tire manufacturer should take the following steps:

1. **Cost Reduction**: Focus on reducing production costs to maintain competitiveness as tariffs decrease.
2. **Market Research**: Analyze potential competitors and market trends to understand the impact of reduced tariffs.
3. **Product Differentiation**: Invest in innovation and quality improvements to differentiate their products from potential imports.
4. **Strategic Partnerships**: Consider forming alliances with local distributors or retailers to strengthen market presence.
5. **Diversification**: Explore opportunities to diversify product offerings or enter new markets to mitigate risks.
6. **Advocacy**: Engage with the government to discuss potential support measures for local manufacturers.
7. **Long-term Planning**: Develop a long-term strategy that anticipates further tariff reductions and prepares for increased competition.
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