But consumers aren't helping their fellow countryman earn his own living by buying these imported items. Consumers are giving their hard-earned money to Walmart to go back to China to buy more items. (Smith & Young, 2004). Walmart has created new jobs for people when they open new stores, but they are underpaid jobs. Many of the positions are part-time, therefore, they are positions without benefits.
• Live telephone customer representatives available 24 hours a day, 7 days a week. • Schwab provided a price point of $29.95 per trade using their new Internet trading service, which offered a significantly lower price than the traditional full-service firms. • Schwab maintained their full-service customer offerings in order to differentiate themselves from the highly discounted traders such as E-Trade and AmeriTrade. • Schwab’s decided to mildly advertise the new Internet trading service so as to not emphasize and promote low commission prices as the deciding factor for consumers. Instead Schwab wanted consumers to focus on the value of a full suite of trading tools and customer service representatives they offered before price.
What is the indifference point? Ans: 333 units (Q* = (FCMake ( FCBuy) / (VCBuy ( VCMake) = ($2000 - $1000)/($5 - $2) = 333) Section: SCM Across The Organization Level: moderate 4. In the affiliate revenue model, companies receive a referral fee for: a) providing advertising space on their web site b) selling customer information to others c) executing a transaction d) directing business to an “affiliate” e) monthly subscription charges Ans: d Section: Major Issues Affecting Supply Chain Management Level: moderate 5. According to the textbook, the larger cargo ships created the negative result of? a) increased per pound shipping charges b) increased CO2 emissions c) decreased operating costs d) longer port times e) increased in transition times Ans: d Section: Major Issues Affecting Supply Chain Management Level: moderate 6.
Moreover, DOP started to deliver orders to customers by their small fleet of trucks (desktop delivery) when possible instead of using commercial freight. This approach would reduce the cost for delivery charge also. However, DOP’s costs continued to rise. With all saving from electronic orders and shipping cost, the company still experienced a loss. The problem is that the company’s existing pricing system is not working with its current operating environment.
As a sale manager you can retrieve the first profit by other mean, including decreasing cost in administration (redundancy). Admin cost = 25000 Drop profit = 1285.8787 New admin cost = 23714.1213 That means the administration cost will be reduce at about 5.14 %. Task6 Consider the effects of the following deviations upon the Master Budget: 1. A 2.5% increase in materials costs 2. A 6% increase in Electricity costs.
The order of competitive forces from strongest to weakest in Porter’s five forces model are as follows: Potential Entrants – Substitutes- Industry Rivalry- Buyers- and Suppliers. I believe that potential new entrants help liquidate the pay day market which might drive demand down in individual stores (the entries to barrier are extremely low 135k for startup), followed by substitutes such as credit cards offered by Providence (which were marketed towards unbanked costumers), current industry rivalry also proved to be a competition force that affected individual pay day locations (similar reason to new entrants). 3. What are the driving forces that are currently affecting the payday lending industry? The driving forces that are currently affecting the payday lending industry are entry or exit of major firms, regulatory influences and government policy changes, marketing innovation, and lastly changing societal concerns and attitudes.
P5 Explain how internet marketing has made a selected business more efficient, effective and successful. The opportunities for business efficiency based on the increasing availability of the web technology which gives Perfect Paints all kinds of opportunities to speed up the interactions with both suppliers and customers. Therefore this can lead to a number of efficiencies. Firstly, the supply chain efficiencies is when a business will always be both a buyer and a seller, buying products from other businesses, buying product from others and selling to others or private consumers. A company like Perfect Paints has to buy the materials it used before it can sell finished products.
IN A WORLD WITHOUT BORDERS: THE IMPACT OF TAXES ON INTERNET COMMERCE* AUSTAN GtoOLSBEE The rapid rise in sales over the Internet and the fact that most Internet buyers pay no sales tax has ignited a considerable debate over taxes and the Internet. This paper uses new data on the purchase decisions of approximately 25,000 online users to examine the efFect of local sales taxes on Internet commerce. The results suggest that, controlling for observable characteristics, people living in high sales taxes locations are significantly more likely to buy online. The results are quite rohust and cannot be explained by unohserved technological sophistication, shopping costs, or other alternative explanations. The magnitudes in the paper suggest that applying existing sales taxes to Internet commerce might reduce the number of online buyers by up to 24 percent.
One of the main ways monopolies abuse market power is by using their market share to price higher than what they would in a competitive industry. To me, this is the part where the case seems to break down. Microsoft had over 90% of the market share in the Intel-compatible PC market. With that type of pull, Microsoft’s economist estimated that Microsoft OS should’ve been selling for a monopoly price of $1,800. At the time though, Windows was selling their OS to OEM’s for quantity discounts that ended up at $40-60 dollars on average per OS sold.
Market errors (mistakes in processing transactions due to FA or client associate errors Merrill was responsible for) declined 54 percent. The client satisfaction measures improved including “ satisfaction with client associate service”, “percentage of clients feeling they need more FA contact (declined)”, “percentage of clients feeling their FA exceeds in ‘looking out for their best interests’ ” and “ satisfaction with FA”. In my opinion, Merrill-Lynch need Supernova to be successful or grow in the future because historically, It was based on Merrill-Lynch making money by selling products to clients for FAs to make money. However, the retail-brokerage environment had changed with the deregulation of stock brokering, so many new firms entered the market to carve up the profits of this industry by implementing kinds of effective strategy to compete. Thus, if Merrill-Lynch wanted to keep its state and reputation, it must to find out a different way to support its continuing profit growth, it seemed that Supernova was well deserved in that situation.