Joe Chatman
Ashford University
BUS 640 Managerial Economics
Dr. David Brownfield
January 14, 2013
Chapter 11, Applied Problem, 8
a. This particular industry has a constantly increasing cost. There will be an increase in the demand for input factors for one key reason. Every day, new companies will be introduced into this market of remodeling, economic profits being the encouraging factor. Because of this, there will be a bid up on input prices for the companies in the industry of remodeling. “When a market is characterized by a large number of small producers, the demand curve facing the manager of each individual firm is horizontal at the price determined by the
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On particular piece of evidence that can be shown to the FTC is in that the elasticity of demand either remained unaffected by this merger or that it increased. Taking this into consideration, if a comparison of price elasticity was done before and after the merger, there would be proof that consumers still had a large amount of substitutes available in the market. Depending on the type of market present, such as a Global Market, it would be relatively simple to prove the wide array of substitutes that were available to the consumers. This particular merger may have been done for what every company is looking for, which is cost savings. One other form of evidence to be provided to the FTC is a statement of costs, which should show costs before and after the merge.
Chapter 13, Applied Problem, 1
McDonald’s make a poor business decision when they had the consumer purchase the fries as well as the drink in order to receive the promotional price. In this particular economy, if McDonald’s was smart, they would have created a new promotion and merged into it before the competitors had realized what was going on. This would have given McDonald’s a clear advantage. With this particular move, several problems were present in utilizing game theory to predict their profits. With the onslaught of fast-food corporations, McDonald’s has endless rivals in the burger world. This being the case, just reducing prices of a product will not do anything for
You work in marketing for a company that produces work boots. Quality control has sent you a memo detailing the length of time before the boots wear out under heavy use. They find that the boots wear out in an average of 208 days, but the exact amount of time varies, following a normal distribution with a standard
Select an existing production organization. Analyze the organization’s current vision, mission, business strategy, operation strategy, supply chain, total quality management, just-in-time philosophy, forecasting method, statistical technique, facility location, work design, project life cycle, and project management. Note: You will need this information in order to complete this and subsequent assignments.
1. Brockwell left his boat at Lake Gaston Sales to be repaired. Brockwell was required to sign a form that states that Lake Gaston Sales has no responsibility for any loss to any property in or on the boat. After the repair, Brockwell is missing electronic equipment and other items of his are damaged. Lake Gaston Sales is using an Exculpatory Clause. In some cases an exculpatory clause is may be unenforceable. Items damaged and stolen from Brockwell’s boat could be a result from Lake Gaston’s Sales’s negligence of taking care of and respecting customer property. This Exculpatory Clause likely will not be enforced because it is seeks
This assignment will give you the opportunity to choose a case study, and then write about the ethical implications and the impact of the events that are described. Each case study includes a set of questions that you should answer. You can choose either Case Study 9.1: Unprofessional Conduct, or Case Study 8.4: Have Gun Will Travel.
Developing effective retail management is utilizing the space in the store in order to display items that provide the largest contribution to overall profit. Retailers attempt to draw maximum attention to their most profitable products
Advantages of Doing Business in China: As mentioned previously, there are many organizations around the whole world that perform their business in China. They do business in China due to the fact that China has a reliable market. It is also expected that the organizations doing business in China will continue to grow. Some advantages of doing business in China are that it is a major emerging market around the world. Also there are a lot of opportunities for organizations to invest in China for a longer period of time due to expanding of technology and
The main purpose of the Integrative Learning Project (ILP) is to introduce an authentic or fabricated company/industry to research. The company’s organizational setting includes the mission statement of the company, who the internal/external customers are, what aspects can
Note Exhibit 3, Year 2 cash flows, the “add total change in cash” is an incorrect number. It should be $1,371,350.
Is the overall goal tangible or intangible? Will the project require many levels of work prior to completion? Skipping the process of defining goals to discover your project management deliverables can result in project chaos or failure. (Scheid, 2010) With all this in mind, the deliverables for the torch relay project are shown in Table 1.
process. For instance, one important use of PaaS is that it allows for the development of SaaS,
Have you ever considered taking the buses, not car, to your destination? According to his essay “The Bus, a Modern Panacea,” Lester Detroit states that VTA system offers a fundamental solution for not only the SJSU student but includes the majority who commutes to school or work. He claims that cars have the negative side effects for the environment problems; furthermore, cars are the problem of both traffic congestion and wasting time and money. He insists that students should “drop their car culture and create a new bus culture.” Bus is the “cure-all solution” for students. As for students, I strongly disagree with Detroit’s point of view that VTA system is a suitable transportation for students to commute. It is important for students to realize that not a lot of people know how to transit, taking bus is inconvenient, safety concern, and pollution.
Tinker & Tailor’s Home Security Service: “The limited partnership form of business organization was primarily created to address one of the worst shortcomings of the traditional partnership form: unlimited personal liability for financial obligations incurred by the partnership” (Seaquist, 2012). Those involved in a limited partnership are in a unique situation in that they are only legally responsible for their investment in the partnership
1. Visit the websites of companies like Wal-Mart, Dell and Home Depot, and see if you can find discussions of their supply chain management activities. List information you can find on purchasing/supplier issues, logistics, information systems, quality and customer service.
Betty has the difficult choice of choosing a business partner. Alice appears to be a good choice. She portrays unique qualities that would allow her to become a dedicated and faithful business partner to Betty. Alice also professes to be Christian, which Betty considers as positive thing. Alice’s husband is the only obstacle that stands in her way. He strongly suggests that she remain a live-in mother to their two daughters. One feels that her husband is keeping her from reaching her potential to become a successful business woman; however, her husband’s decision must be valued. At this moment, one would feel that Alice should not qualify to become Betty’s business partner.
When in October the colored leaves fall. In early morning, fresh dew sheets the ground. There is a bus that travels from Phoenix, Arizona to Memphis, Tennessee. A bus that bears a crowd of countless distinct folk. From mechanics to police officers, from businessmen to janitors. All seeking an adventure. I happened to score a ticket on this scene filled trip.