The truth is that properties that do well at Auction would have sold well with any method of sale (provided you have a skilled agent representing you) because they are usually very good properties. Advantages: 1. Provided the Auction attracts enough interest, competition among the bidders gives the potential to achieve a high price for the property 2. You don’t need your agent to have the skill to instill urgency in your buyers to make offers because the Auction does this automatically 3. Perhaps the biggest advantage of the Auction method is that you have the flexibility to accept a good offer PRIOR to Auction.
If the customer does have bad credit then it’s up to you to take the chance and offer your services. It is sometimes not so good to turn down customers due to a bad credit report because it can cause you a chance to blow a great business deal. But also Keep in mind that if they already have a problem with paying bills and if you choose to still do business with them you can set up a payment arrangement to have the bill automatically drafted out of the account every pay period. This way the payment is never late. This is sometimes the best route to go rather you are bad with paying bills or not.
Also, a low profit margin decreases the price they proposed. For Union Stamping, a low indirect cost of manufacturing, benefit from high company productivity and management efficiency might be the key factor of low price. In conclusion to my cost analysis, I will give a recommendation of which price to take would be fair and reasonable to both Frich Turbo and the supplier, with consideration of their pros and cons. Then, I will explain the steps of implementing and ways of monitoring. ISSUE IDENTIFIED Mr. Fingold, from Frich Turbo Engine Company was in the process of purchasing a replacement valve.
* What are the legal requirements? * Didn’t break any laws, related to him applying company funds towards personal use even though his act was solely beneficial to himself alone. What are the ethical duties? * Maintain price-competitive markets will ensure that scares resources are used to optimally satisfy consumer needs. * Pareto Optimality wasn’t obtained because maximum benefits of most wanted goods and services produced at minimum cost of least wanted resources.
In the short run, Kudler was able to maximize its profits and minimized losses. They were making profits because they were producing quantity where marginal revenue was equal to marginal cost and charged prices based on their demand curve. The demand for their goods was very high at first because they had little competition. Another positive effect of a monopolistic competition is that it promotes product variety and improvement. When Kudler makes business improvements, it causes their competitors to either imitate them or get out of the business.
The pricing will be decided based on the demand for the product. Bury will focus on pricing the reader at the highest possible price to ensure sale of all available product. Due to the lack of competition, Bury does not have to worry that consumers will find a similar product elsewhere, therefore he can charge a higher price to maximize profit. Under a monopoly the pricing is elastic, which means that Bury offers a luxury item which the consumer will want to contemplate before buying. Also, Bury can change pricing based on demand which is inelastic.
Put another way, if every employee reported all inconsistencies in agreed and actual compensation, all employees will be paid in a fair manner. The maxim definitely passes the “mere means test”, as employees are not treating the employer merely as a means by “stealing” money that they have not worked for, but are now being compensated for the work actually done at the negotiated rate. Employers are treating them as a means to an end in themselves. Finally, in applying the “motivations test”, Francine is reporting the excess income not because it is the right thing to do, but rather because if caught, the incident may tarnish her career and chances of attaining a tenured position. In essence, the maxim relating to Francine’s admission fails the motivations test and thus seen as unethical under the Deontological
Two Arguments against government/public ownership 1. Competition would give competing utilities an incentive to improve service as the consumer would have a choice. 2. If utilities were competitive there would be no danger of regulators not being fair when setting rates and allowing for licenses as there would be no monopoly for them to control. The company at hat served the public best would be favored in a competitive situation C. My opinion is that there should be a balance between competition and government involvement.
As far as the quit rate, it came to an average of around 19.5%. Though these rates are high, they are relatively in comparison with the rates that Clapton Construction shared. These rates are conveniently similar, it would not be in the client’s best interest to reduce their rate to a point where it would be deemed costly just to recruit and train new employees. Therefore philosophy has it in favor of the organization that must sustain a fair system that provide immediate feedback to employees in such a way that makes them feel heard and understood preventing them from vacating their
(“JetBlue put Huge on the map and increased its credibility as a partner for larger business issues”, p.6, para 3). On the other hand, in most cases there is nothing proprietary about this industry, unless you have a technology patent; leaving it with no incumbent advantages. Also, there’s very low capital requirement for getting into or exiting the industry, anyone who knows the job can start a digital marketing firm. The industry is growing rapidly and there’s a huge potential for profit which implies a high threat for new entrants. Threat of Substitutes: Management consulting firms are one of the threats for substitution.