A monopoly is where you can set prices almost everywhere you want, and there is no other competition. This is referred to as predatory pricing, where companies charge a price lower than production costs. These companies believe their competitors can’t afford the loses. Cable companies don’t worry about competition due to the protection they enjoy from the government. The cable companies get away with this by claiming they do not have competition, cities award them the contract by providing coverage, even though they may not have the lowest price.
Although this is not the most acclaimed procedure of motivation, that’s the Belichick way. This is where the two share similar traits again. Jobs views this method of weeding out the weak and incompetent, making way for only the well-built. It is not meant to be viewed as a negative trait, but as a means of getting things done the best way. Through this method of leadership, Jobs turned Apple into the most profitable business in the world, beating out Google in 2011.
There is only a 1.28% chance that b = 0, which is better than the 10 percent level required by the marketing director. d. The exact level of significance of is 0.0927. There is a 9.27% chance that rivals’ spending on advertising does not affect Vanguard’s sales (i.e., b = 0), which is just barely better than the 10 percent level required by the marketing director. e. About 78 percent of the variation in sales remains unexplained. Find additional explanatory variables that have a significant affect on S. The manager might try adding the price of its detergent and the
Do you think price ceilings and floors are more helpful or more harmful to consumers and the economy? Explain. (2-4 sentences. 1.0 points) A disadvantage of these is they lower the cost for any consumer and will encourage consumption, if they are not properly treated, they could have no purpose. Describe at least two negative outcomes of having too little money and credit in the economy.
589-590) A natural monopoly is where one company produces a product at a lower cost to the consumer than any other company. In a natural monopoly the competition is not economic. An oligopoly is when there are several companies producing a product, instead of only one. (McConnell, 2008, pp. 455-457) They also act like a monopoly because they can control their prices.
They also lack scientific research behind their product without a research institute. Gatorade has a very simple pricing strategy. Gatorade uses Value-Based Pricing, which is a pricing strategy that takes research on how much a product is worth to the consumer and prices products. In other words, the product's price is changing dependent upon its demand. Currently, Gatorade prices vary, but the standard 250ml sports drinks price varies from $1.29 to $1.59, which is lower than its main competitor PowerAde which varies from $1.79 to $1.99.
BUS308-Statistics for Managers Swafford (2/10/12) a. Chapter 1: 1.2, 1.17 1.2 Below we list several variables. Which of these variables are quantitative and which are qualitative? Explain. In our textbook it states on page 4 that “If the possible measurements of the values of a variable are numbers that represent quantities (that is “how much” or “how many”), then the variable is said to be quantitative….However, if we simply record into which of several categories an element falls then the variable is said to be qualitative or categorical” (Bowerman, O'Connell, Murphree, & Orris 2012) a.
Black and Decker, a producer of standard products, an example would be an electric hand drill. The product design of standard products is static, changing very little from year to year; therefore little need to concentrate on product innovation exists. To be successful, Black and Decker must have a supply chain that includes many reliable members who have an operational focus, who produce high quality parts in high quantities to lower the cost in this price sensitive industry. Members of the supply chain must and also provide low set-up costs to give Black and Decker the internal flexibility to make a small quantity of a variety of different products/models (other standard products). The Lean Supply Chain (LSC) provides these necessary characteristics, reliable suppliers with a focus on internal operations, focusing on lean philosophy, seeking continuous improvement and elimination of waste while producing high quantities to lower the cost.
Filled with environmental consequences, hidden costs, and increased consumption, electric automobiles at this point in time do not benefit the environment. Electric automobiles are supposedly superior to traditional cars, but they still release the same amount of pollution during their production process. Since the only main difference between regular and electric cars is a bigger battery and lack of a combustion engine, mostly the same parts are manufactured in production. Factory emissions still make up a large percentage of our country’s release of greenhouse gases; therefore electric vehicles are still contributing to pollution. The chemicals involved in creating the metals and internal parts of the automobile also do not differ between electric and traditional automobiles.
In this circumstance, revolution is unavoidable. According to option#1, the corporation will acquire safety stocks such as the safety stocks of the key material and double source the electronic assembles. However, the safety stocks provide little economic benefit and the double-sourcing will be a burden to the free cash flow of the corporation. With option#2, the corporation will build the relationship with a single supplier. It will cut down the cost to some extent but absolutely magnifies the risks since diversification actually is good for minimize the risks.