Discuss the concept of strategic drift and examine the likely main strategic drift driver from the point of view of the Caroria Local Authority.
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- Under what circumstances might an equal allocation of abatement responsibility across all firms in an industry do a pretty good job of achieving a desired overall level of abatement at the lowest overall cost, without the need to resort to market-based methods such as pollution taxes or cap-and-trade?Define positive and negative discounting and give examples of eachNeed help on this to pass my class.
- Assume Allergan, Inc. is facing a capacity constraint in manufacturing Botox®. Analytically, this implies its marginal cost curve is extremely steep. As Botox® is oftentimes used for cosmetic reasons, it is reasonable to assume consumers have quite elastic demand curves. Hypothetically, assume a forthcoming study will highlight the safety of Botox® for cosmetic procedures. Given this potential study, where should Allergan, Inc. focus its strategic resources? a. Operations, specifically finding ways to lower costs in an effort to justify a price increase. b. Staffing, specifically preparing to significantly increase its staff to prepare for a large increase in the number of units of Botox® sold. c. Marketing/Pricing, specifically preparing to significantly raise the price for Botox®.Real World Medical Technology is putting together its R&D budget for the coming year. The firm has compiled a list of potential research and development projects and estimated the interest rate and amount of financial capital required for various levels of R&D spending. The data collected is shown in the table below. Graph the demand curve for Real World Medical Technology that includes the spillover benefits society enjoys from the company's investment in R&D. Interest Dprivate (in Dsocial (in Point Rate millions) millions) A 11% $2 $3 В 9% $3 $4 C 7% $5 $7 D 5% $6 $12 E 3% $9 $16 Provide your answer below: -5- C E (0 2) (4, 2) |(8, 2) (12, 2) [16, 2) 5 10 15 20 Financial capital (in millions $) Rate of return (%)Why CRS - Constant Returns on Scale would generate (1) No profit-maximizingproduction plan; the only nontrivial production plan involves zero profits. (2) Even when aprofit-maximizing plan exists, it is not unique?
- IKEA is one of the most well-known home furnishing brands in the world. The Swedish furniture has its production operations based mainly in Europe including Poland, Russia and Sweden. Its only non-European manufacturing plant in Virginia, the United States has been shut down in 2019 due to the cut of production cost. Nevertheless, due to the growing demand of DIY home furniture in the Asian markets, IKEA is considering the necessity to open new manufacturing plant in Indonesia to support the emerging demand. Use the following criteria to make suggestion whether the company should concentrate or decentralise its manufacturing operations based on; 1. Differences in political & economic system 2. Technological factors (i.e. fix cost, minimum efficient scale) 3. Product factors (i.e. value-to-weight, serve universal)Image uploaded answer is not allowed please dear expertCompetition and big tech firms Big tech firms in digital markets are at the forefront of the public policy debate because of the central role they play in today's economy and society. A small number of firms dominate their respective markets, from online retailing to operating systems and from social networking to online search. These concentrations of economic power, along with concerns about anti-competitive conduct, have focused a lot of attention on these digital giants. Several of these firms have recently been or are currently under investigation by antitrust authorities in the USA, China and the European Union. Choose one or two of these markets and describe the alleged problems facing competition. Is high concentration leading to high profits and harming consumers and social welfare or are these firms dominant because they are efficient and provide good value to consumers? What are the most appropriate policy responses? A good selection of academic articles was published in a…
- Part 1: Breakeven Analysis for a Conference. The Greenville Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Conference. Each conference features three speakers on the real-world use of analytics. Each corporate member of the center (there are currently 12) receives five free seats to each conference. Nonmembers wishing to attend must pay $80 per person. Each attendee receives breakfast, lunch, and free parking.The following are the costs incurred for putting on this event:Rental cost for the auditorium $150Registration processing $7.50 per personSpeaker costs 3@$1,200 = $3,600Continental breakfast $3.50 per personLunch $8.00 per personParking $10.00 per persona) Use MS Excel drawing tools to build an influence diagram that models the factors that influence total profit for the conference.b) Build…Sport O Rama Equipment Inc., makes two different types of baseball gloves: a regular model and a catcher’s model. The firm has 900 hours of production time available in its cutting and sewing department, 300 hours available in its finishing department, and 100 hours available in its packaging and shipping department. The production time requirements and the profit contribution per glove are given in the following table: MODEL Production time (hrs): Cutting & Sewing Production time (hrs): Finishing Production time (hrs): Packaging & Shipping Profit/Glove ($) REGULAR 1 1/2 1/8 $ 5 CATCHER'S 3/2 1/3 1/4 $ 8 Assume that Sports O Rama Equipment Inc. is interested in maximizing the total profit contribution, answer the following: How many hours of production time will be scheduled in each department? What is the slack time in each department?Boeing is back at the drawing board. In 2015, after releasing the Boeing 777x, an update to the widely popular 777, they announced plans to redevelop their production process. Boeing hoped to extend the extremely successful process known as lean production to incorporate robotics and standardize production further, leading to what Boeing calls advanced manufacturing. Lean manufacturing, pioneered by Toyota Motors of Japan, is based on the practice of having parts arrive on the factory floor just as they are needed for production. This reduces the amount of parts Boeing holds in inventory as well as the amount of the factory floor needed for production. To help move from lean production to advanced manufacturing Boeing has turned to Toyota, hiring some of their top engineers. Boeing first adopted lean manufacturing in 1999 in the manufacture of the 737, the most popular commercial airplane. By 2005, after constant refinement, it achieved a 50% reduction in the time it takes to produce a…