Since this garment is cheaply produced, artistic people choose to make one to express their individuality in a way without hurting their budget. This custom-made product is great for individuals who want to show their personal taste or a group who wants to use select dye colors for a purpose, such as school colors. There are a wide selection of colors because dyes mix and develop into different shades. This customization is important to the creator because it gives more of a personalization majority people prefer to
Question: Why is the soft drink industry so profitable? Porter’s Five Forces Analysis offers an overview of the long-term profitability of an industry. Since the power of each of the five forces is low for the soft drink industry, so this industry is relatively more profitable than other industries. The power for suppliers is low as the only inputs the incumbents need are the materials for making the concentrate such as caramel coloring, caffeine and citric acid. These materials are homogeneous, standardized and are readily available from a lot of suppliers.
What are some of the advantages of being a small business that Murray’s can (or does) take advantage of? What disadvantages might it face as a small firm? One of Murray’s advantages of being a small business is that they can adapt to changes quickly. They do not need anyone else’s permission to do so. They keep their customers happy, by catering to customers’ needs and wants; like different merchandise, services, store hours, and price strategies.
Target is also a discount store, but they offer a different spin. They are more focused on the style. Target’s corporate strategy is one that has changed little over the years: to provide high-quality, stylishly designed items plus all the essentials for life, displayed in a clean, organized and welcoming environment. Target’s size is most beneficial because they can cater their services and products to change with trends more quickly and at prices that are affordable to the customer. Target appears to run on a functional organizational structure.
Since the first manufacturer can produce the treated lumber without any additional input, they have absolute advantage over the other manufacturer and can be a price setter within the domestic market. The other manufacturer is limited by the amount of lumber it can purchase but has a better treatment facility so it cost less for them to treat their lumber. In this sense the second manufacturer has comparative advantage in producing treated lumber but their resources are limited by how much is harvested within the domestic market and thus they are price takers. However, suppose America opened trade relations with South America, a country with relatively low population density with desperate need for medical supplies and computer technology but covered with deep thick jungles. This new source of lumber is cheaper to harvest due to the massive quantities that allow the second manufacturer to stop buying the limited amount of lumber within its domestic market.
The process to create the paper does not involve releasing harmful toxins like tree paper processing does. The largest benefit of using hemp as paper is the fact that hemp can harvest in just four months after being planted. Trees can take tens to hundreds of years to be ready for harvest. The fact that deforestation due to tree paper processing destroys the habitats for thousands of animals also must be taken into consideration and adds to the list of reasons why hemp needs to be grown in the U.S. In addition to the use of hemp as paper, an equally valuable and environmentally friendly use of hemp is as a source of
Culture includes religion, food, style, language, music, marriage, ethics and many other things, make up a set of behaviors and interactions. Here is a brief overview of some of the elements of the Chinese culture. Religion China communist rule the nation is the officially atheist, but it is gradually becoming more tolerant of religion, according to the Council on foreign relations. At present, only 5 official religions. Any religion than Buddhism, Taoism, Islam, Catholicism, Christianity and so on are illegal, although Chinese constitution, people were allowed freedom of religion.
Maritime trade, Indian Ocean trade was an easier, cheaper and best way to trade because a lot more different goods can be traded. Trade was not limited to only luxurious items as the trade on the Silk
Minit lube use the 10 strategic OM decisions as follow a) Goods and services design According to Heizer and Render, designing goods and services usually determine the lower limit of the cost and the upper limit of quality. Minit-Lube has designed its goods and services with quality in such a way that customers are very pleased with the sites appearances. Its cleanness, coziness couple with fast and efficient services is just addition to the great service Minit Lube provides. In order for Minit Lube to
Guillermo Furniture Store Analysis Paper Aimee R. Walrath FIN/571 August 6th, 2012 Prof. Mohammad Sharifzadeh GUILLERMO FURNITURE STORE ANALYSIS PAPER In the town of Sonora, Mexico a popular vacation spot is a large furniture manufacturing facility, founded by Guillermo Navallez. With an abundance of inexpensive hardworking labor available and a variety of timber Guillermo makes fine handcrafted furniture. The combination of these two factors also kept the furniture affordable. The business had been doing excellent up until the late 1990’s when other competitors entered the marketplace. These competitors offered similar products utilizing more high tech processes reducing the price they were able to charge.