Which of the following is NOT a source of monopoly power?
Select one:
a.
government regulations prohibiting entry of new firms
b.
decreasing marginal costs
c.
innovation
d.
economies of scale
An example of a monopoly would be:
Select one:
a.
a gasoline service station in Los Angeles.
b.
a sole provider of electrical power in a city.
c.
a grocery store in Chicago.
d.
Walmart.
Natural monopolies:
Select one:
a.
produce the optimal quantity of output, unlike other monopolies.
b.
exist when one firm can produce the market output at a lower cost than two or more firms.
c.
generally experience large diseconomies of scale, leading to production inefficiencies and work stoppages.
d.
face market demand curves that are perfectly elastic.
In: Economics
The US health care industry is immense, complex and dynamic. Every country faces the decisions of what services should be produced, how they should be produced, how they should be distributed, and how to allow for growth and innovation? Comment on how these decisions are currently being made in the United States? What are the various purposes that prices served? Can you provide an example of how a particular purpose of price has affected an organization you are familiar with? Once your material is posted, be sure to review and comment on the materials that at least two of your peers have located. Please note: resources cannot be duplicated, so be sure to get into the conversation early! Your initial post to the given topic of discussion should contain a minimum of 2–3 peer-reviewed references.
In: Economics
Firms Behavior in Labor Market
a- We are interested in the causal relationship between units of labor demanded by firm (??) and price of firm’s output (???????). What factors do we need to hold fixed to be able to correctly hypothesize about the causal relationship between the two variables? Name all of them. Holding those factors constant, do you expect ?? to increase or decrease as a result of an increase in ???????? Explain and draw your answer on a diagram where the horizontal axis refers to ?? and the vertical axis refers to ???????.
b- Assume that a labor-augmenting technological innovation happens in this market. How the graph you drew in part (a) will be affected as a result?
c- Assume that the raw materials that are used in the production of the firm’s output become more expensive. How the graph you drew in part (a) will be affected as a result?
In: Economics
You have been promoted to test team leader
However, the previous team leader was removed for poor performance
and your manager wants you to improve the morale and efficiency of
the team, as previously deadlines have been missed.
Her key points are; lack of innovation, poor quality control,
missing goals and poor communication with the other teams.
She has also allocated you $500 for you to use on team building if
you like.
From your notes from today and using wider research, how would
address this challenge, what steps would you take, what would be
your goals for the first month?
Provide your answer in a word document (350-500 words). You are
encouraged to incorporate wider research and diagrams that may
support your plan.
In: Operations Management
Baird and colleagues report on a study of 364 business units from the manufacturing and service sectors in Australia. Their study examined four core TQM practices: process management, the quality and reporting of data, supplier quality management and product and/or service design. Their findings suggest that respect for colleagues and teamwork are critical components for enhancing total quality management implementation
Question 1 . Can you explain the link between quality management practices and organisational culture?
Question 2 . From your readings in this chapter, what other factors do you think are important for maintaining quality and increase productivity?
Question 3 . Some researchers argue that quality management processes can inhibit innovation. Why might this be so? What do you think?
Thank you in advance
In: Operations Management
The following are the top 15 areas organizations are concerned about doing well in as they attempt to compete in the global marketplace:
1. Customer service
2. Quality control and assurance
3. Research and development/new product development
4. Acquiring new technologies
5. Innovation
6. Team-based approach
7. Best practices (study and use of)
8. Manpower planning
9. Environmentally sound practices
10. Business partnerships and alliances
11. Reengineering of processes
12. Mergers and acquisitions
13. Outsourcing and contracting
14. Reliance on consulting services
15. Political lobbying
In: Economics
Question 5
What is the importance of collaborative relationships to competition?
Question 7
Assume that you are the director of international marketing for a company producing refrigerators. Select one country in Latin America and one in Europe and develop screening criteria to use in evaluating the countries. Make any additional assumptions that are necessary about you company.
Question 16
Visit the Nestle Corporation website (http://www.nestle.com/) and the Unilever website (http://www.unilever.com/). Compare their strategies toward international markets. In what ways (other than product categories) do they differ in their international marketing?
Chapter 13 – Page 417
Question 5
Discuss product alternatives and the three marketing strategies: domestic market extension, multidomestic markets, and global market strategies.
Question 14
Discuss the characteristics of an innovation that can account for differential diffusion rates.
In: Operations Management
Redistribution of income or wealth will be a dis-incentive to people working hard. This brings back memory of why the old communist blocks failed and free market continue to thrive till today. This is only possible in command economy where government have exclusive authority over the factor of production. I definitely agree with Amanda on that "People who earn lots of money often work harder or have innovative ideas etc ."
When income is redistributed, tendency abound for bandwagon effect to become the order of the day, since the generality of people will take that whether they work or not, everyone gets the same reward. At some point, those hard working and diligent among the society will have no motivation to up their game, while innovation and productivity will suffer including the economy at large.
In 175 words do you agree or not?
In: Economics
1.. Comment on a situation where the following statement does not hold:
In countries with autocratic regimes, MNEs can manage political risk effectively by focusing solely on their relationships with the government.
2. Comment on why the following statement is false. Provide an example
Increasing Intellectual property laws always stimulate innovation and emerging country-catch up.
3.How do MNEs decide on their product/service offering if they are faced with large cultural distance between them and the host-country? What did Starbucks do when they entered to Italy?
4. List indices/rankings that MNEs can use in their investment decisions. Choose 2 mini presentations, Comment on which ones are more relevant vs. less relevant to those 2 mini-team presentations.
In: Economics
Describe a familiar project. Ideally, this will be a work-related project that has already been completed. Provide examples of events that took place in each of the four stages of the product life cycle (see below). Select two of the following five components: Client interest (level of customer enthusiasm and concern); Project stake (amount of investment); Resources (commitment of financial, human, and technical resources); Creativity (the amount of innovation required); and Uncertainty (the degree of risk associated with the project). In your description of the stages of this project, explain how the intensity of the two components has changed. For example, Uncertainty is highest in the Conceptualization stage and lowest as the project approaches the Termination stage.
Organize your post as follows. Include the headings: Conceptualization stage Planning stage Execution stage Termination stage
In: Operations Management