Essays on Cost Of Production

Abstract

Subsidies mean that the government pays for what would have been paid by consumers thus reducing the overall expenditure. Thus, subsidies have a far-reaching economic implication to the economy since it reduces the overall cost of production, besides stabilizing the prices of commodities within a reasonable limit. Indeed, high subsidy level means a lower cost of production. Moreover, allowing subsidies spurs economic growth since it lowers the operational expenses of production. Other consequential impacts associated with subsidies include improved living standard of the general public due to the overall affordability of commodities. On the other hand, a subsidy to ...

Business Model Generation

Toyota seeks to reduce its cost of production by outsourcing most of the parts that are used in the assembling of its vehicles. For this purpose, Toyota has various key partners from who it outsources its various parts. Simchi-Levi, Kaminsky & Simchi-Levi (2008) argues that Toyota produces 30% of the automotive parts in-house while the remaining 70% of the parts are outsourced. All the engines of the company are produced in-house because the company possesses the capacity and knowledge, and would also want to exercise all the control with regards to the quality of its engines (Simchi-Levi, Kaminsky & Simchi-Levi, 2008). ...

Background

The Multifibre Agreement was developed in 1974 and governed the world’s textile sector until 2004 when it was phased-out. The accord inflicted quotas on the amount developing countries could export to the developed world. It was meant to help the developed countries adjust to existing absolute advantage that the developing countries have in the textile industry. The existence of the agreement allowed the Bangladesh textile industry to flourish in the 20th century and early 21st century. It was highly expected that the phase-out of the MFA would greatly affect Bangladesh negatively as the country was highly dependent on ...

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Compensation Manager

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RE: SOLUTIONS TO THE INCREASE IN THE MINIMUM WAGE RATE

The decision by the local legislators to increase the minimum wage rate from $7.25 to $7.75 may lead to a high increase in the cost of production of the company thus affecting its revenues. Although the new policy may not be good news for the company, it may work in its favor in the long term. This brief examines how the increase in the minimum wage rate by $0.50 will positively affect the ...

What are the determinants of the Deadweight Loss?

Introduction The deadweight problem happens when the government through an attempt to increase their earnings from the goods in a country increases the taxation on them. It happens when they impose a certain amount of tax on certain commodities in the market and the end consumer as well as the producer in charge of the production process forced to lose the whole or part of their surplus. The loss they both suffer is the deadweight loss. The government has the right to earn some form of income from the trade activities within their borders. However, they also need to ...

The Impact of the Guaranteed Price Policy on the European Sugar Market

Sugar industry is one of the most dynamic in the structure of the food industry and plays a significant role in the economies of several countries. The European Union leads the five largest importers of sugar. Sugar production in the EU is expected to grow by 10% in the 2017/18 season. The production may reach 18.3 million tons, but still will be lower than the record 2014/15 season (19.4 million tons). Sugar production growth is expected in France (up to 5.5 million tons) and the UK (up to 1.4 million tons). However, despite the increase in production, the EU ...

The Hershey Company was founded in 1894, and is an international leader in superiority and non-chocolate confectionary and chocolate associated grocery in the Northern American industry. The company also has a good reputation and is a leader in the gum and mint industry. The company’s leading rivals are Purdy’s, Nestle and Meiji. Hershey employs a number of strategies which have continued to ensure that the company remains ahead of its competition. These strategies include a competitive advantage, international markets, and measures of cost, productivity and opportunities. The company can steer its growth by seizing opportunities with the ...

Assignment 5: Capstone

Abstract Dell Inc. deals with manufacturing and selling of personal computers and other computer accessories. Turbo PC was the first product produced by Dell Company, which has experienced gradual growth since its foundation. Various strategies and policies have led to the success of the multinational company over the years. Therefore, the paper covers the effect that the mission, vision, and primary stakeholders of Dell has on its success. It highlights the effect of the six segments of the environment on both the firm and the industry. It also focuses on the SWOT analysis and five (5) forces of competition ...

Business and Law

BUSINESS AND LAW Introduction The breaching of contracts and denial of human rights have risen over the past few years due to the lack of enough knowledge. The paper covers several cases whose judgment is based on the Australian common law and consumer acts in the IRAC format

Question 1

Issue: Does Brenda have an action against Steven for the breach of contract? Rule: According to the Australian contract law, an anticipatory breach of contract can occur from time to time. An anticipatory breach of contract refers to where one party informs the other that they will not deliver what was ...

Introduction

Credible Parts is an automotive company that designs, assembles and sells motor vehicle parts in New York. The company prides itself on producing durable car parts that have seen the business prosper since inception. The company also sells some of its designs to its partners in the motor vehicle industry. Also, Credible parts motors rely on its dealership network to help in enhancing sells.Furthermore,the company has planned to open more branches in other states of the united states so as to benefit from the large market that has been created by the working class population in the US ...

Strategic Analysis Alacer Gold Corp and Gold and Mining Industry

Introduction Gold is a precious metal with high ductility and malleability, and it finds application as jewelry and investment. It is considered to be one of the safest bet for investment, especially during economic instabilities. Consequently, rapid political instabilities in the Middle East and financial crisis led to rapid increase in the price of gold worldwide. Technological innovation is also a major factor that affects the gold and mining industry. Therefore, the strategic analysis narrows on the gold industry, with a specific focus on Alacer Gold Corporation. It looks at the trends in the industry and how Alacer Gold ...

Value Chain

The objective of analyzing Monster’s value chain is to make a product that will become popular to its customers, which includes not only the production segment but also marketing and distribution (Horngren and Data, 2015). This is because products will eventually need to be discontinued due to changing customer preferences and product innovation from competitors. This means that the company’s core operations and its products must continuously evolve and this could be done using the value chain analysis tool. For an energy drink company like Monster, one of its main goals is to continuously adapt to the ...

Introduction:

We have seen economic progress through the centuries, and we have prized that progress because the same has been making our living standards better and it is giving us access to so many services. That of the United States is an economy which screams progress, but within this progress, the economy also hides a great flaw. In this economy, the rich seems to be getting even richer, while the poor suffer through the worse of the ups and downs, at least this is a question that we are going to prove true or false in this paper. As per ...

Mission Statement

The mission of Elwn Wireless Earbuds is to ensure that the clients receive a fitting wireless earbud with a long-lasting battery. Elwn wireless earbuds follows the slogan that all ears are not the same, therefore, they require different earbud sizes.

Company Analysis

SWOT Analysis: SWOT Analysis is a program that shows and examines the market value and the situation of any company in the market.

Strengths:

Elwn Wireless Earbuds is boasting a huge customer base due to the huge reputation it has earned in the industry. By offering musicians, artists, and designers an opportunity to bring their creative projects to life, the ...

American Public University

In this paper, I will analyze the advantages of creating a business in the form of corporation and cost structures of companies. Companies develop some strategies to have the possible least cost of production and gain an advantage in competition. Preference for forming an organization is the first step. Corporation legal structure presents some advantages to companies. Also, companies need to have full knowledge of costs to be able to manage costs to maximize their profits. Eventually, this paper will give some insights about these subjects. Corporation is a legal form of building an organization for a company. Operating ...

Introduction

The Petrochemical industry in the ministry of energy has been focusing on the oil prices change and how it influences the economy. The oil demand comes from the petrochemical industry whereby energy generation helps in manufacturing and production industries. These industries help in economic transformation through improving country’s GDP. As the source of energy, oil in the petrochemical industry has been influenced by inflation and unemployment, interest rates and exchange rate. These factors influence the government spending, hence affecting the importation of oil from the producing countries such as Saudi Arabia. The oil prices as a result of ...

Cost structure

Monster Beverage Corporation is a manufacturer and distributor of energy drinks. The cost structure of the company consists of both fixed and variable costs. The unit price for a can of Monster Energy drink sells at an average price of $7.90.

Variable costs

Monster’s variable costs include the cost of concentrates and beverage bases, the cost of raw materials, re-packing costs and co-packing costs. The company’s raw materials include cans, flavours, containers, bottles, packing materials and ingredients. The table below indicates each of the variable cost items and the respective costs per can of Monster’s Energy Drink.

Contribution margin

Contribution ...

Executive summary

Demand and supply is the basic concept of economics and hence it is the backbone of market economies around the world. Demand implies the willingness and potential on the part of a consumer to purchase a product at a specified price while supply indicates the quantity of the same product available in the market for sale. The price is a major factor determining the demand for a product in the market even though the consumer’s income and preference along with the price of certain other complementary products tend to influence the price. Supply of a product in the ...

Introduction

Obama Care aims at extending health care services to all the U.S. citizens, but it impacts the economy positively and negatively. The Affordable Care Act requires that firms should compensate the medical insurance cover of their full-time employees. The specific aspects of the economy that are impacted by this provision include employment, supply, and demand, trickledown economics, GDP, fiscal policy, wage and health care inflation. While Obama care forces firms to hire employees on part time, it results in high demand for medical professionals. As large companies and high-income earners pay their insurance premiums, the trickledown economics becomes real. ...

Introduction

There has been an influx of cheap imports in the United States as well as in the West. In the article by Fischer, "Why Buying Cheap Imported Products Is More Expensive For Individuals And Not Just Society", the author strongly advocates for local products putting forward the disadvantages that come about from importing cheap products into the country. Fisher begins by talking about the high rate of unemployment caused by the influx of cheap imports. Ferrier in her article, "This Is What Happens When You Order Ridiculously Cheap Clothing From Singapore - Suburban Turmoil" demonstrates the loss she encounters ...

Improving cost-effectiveness of product designs by cross-functional collaboration

Abstract Procurement management is a widely recognized strategic management tool used to keep the cost of production of a company under control. Design-to-cost process is a process that is capable of improving cost effectiveness of the process of product development. The DTC process essentially involves cross-functional collaboration within the organization. The objective of this dissertation is to provide a cross-functional collaboration driven DTC framework for the case company which is an information technology firm. The proposed dissertation is single qualitative case study in which adductive approach will be adapted to the analysis of the results. The theoretical perspective of ...

Information technology is an essential tool for the development of an organization. Technology assists companies in their operation. The use of technology is especially crucial in the management of global organizations. The technological advances assist these organizations to avoid crimes and errors committed through technology. Mars Inc. is one of the companies that have embraced technology in their operations. This paper is set to research on Mars Inc. and its operations in the global market. Additionally, it analyzes the technological advancements employed by the organization in its operations.

The History of Mars Inc

Mars Inc. denotes a private company owned by the family of ...

Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil can produce 100,000 units of clothing per year and 50,000 cans of soda. The United States can produce 65,000 units of clothing per year and 250,000 cans of soda. Assume that costs remain constant. For this example, assume that the production possibility frontier (PPF) is a straight line for each country because no other data points are available or provided. Include a PPF graph for each country in your paper.

What would be the production possibility frontiers for Brazil and the United States?

Without trade, the United States produces ...

The competition is a prerequisite and characteristic feature of the market. After all, if the basis for the functioning of a market economy put the domination of private ownership of the means of production, which, in turn, acts as a guarantee of freedom of choice for entrepreneurs in their activities, and certainly there is competition between them. The word competition comes from Latin and means to flee together to compete on some other career. This competition is crucial for establishing market prices, which are the main feature of a market economy. Competition (in the economic sense) - the rivalry ...

Overview

The company upon which this market analysis is based is Estee Lauder Cosmetics INC. The history of Estee Lauder Cosmetics INC. can be traced back to 1946 when the company began operations. The founder of the cosmetics company was Estee Lauder. The premise upon which the company was founded was that there is an inherent beauty in every woman. The company has added more products its product line as a mark of its continued growth over the many decades the company has been in operation (Estee Lauder Cosmetics INC., 2016). Over the seven decades in which the company has ...

Introduction

Jessops was founded in 1935 by Frank Jessop Simmons well known around the world for its broad expertise and experience in the photographic industry. While Jessop was a leader in the industry for many years, technological and market changes over the last few decades led to a significant decline in its sales and profitability. By early 2013, it stores closed and it stock ceased being traded. However, soon after this British entrepreneur Peter Jones invested millions of pounds into the business and reopen 36 of the Jessops stores (BBC News Online a). He hoped to turn the business around. ...

Vertical Integration and Economies of Scale

Vertical Integration and Economies of Scale

Vertical Integration

Vertical integration is the process where two businesses are merged together whereby the two businesses are at different levels of the production process. One may be at extraction stage, the other at processing stage. The process of merging firms where one is in front of the other in the production is called forward integration. The benefit of the process of vertical integration underlies in the increased capacity of the company to control access to their inputs. This thus, allows these companies control the cost of the inputs, quality as well as the delivery.Depending ...

The prevalence of global competition has resulted in the vast opportunities for vendors to incorporate mergers and acquisition. It has resulted in the formation of suppliers that are able to meet the global challenges by means of their volume of supply and efficiency. It has also resulted in the increased buying power of suppliers due to their consolidation and they are considered as a significant entity in the value chain of a company. The consolidation of vendors has decreased the bargaining power of the company because the vendors have become competitive and efficient, and they have also become able ...

In the business operation, outsourcing refers to the act of contracting out some business processes to a third party. The factors that drive business to decide on outsourcing their business processes are diverse. They include factors such as technological development, skilled laborers, costs such as labor cost and raw materials amongst other factors. Outsourcing can either be done within the same country or outside often referred to as offshoring and nearshoring respectively. Some of the major drivers that force businesses to outsource some of the business process include costs, strict government regulations, taxes and incentives (Carmel & Nicholson, 2007). In ...

Danone

Danone Company is a French food company operating worldwide. It deals in dairy products such as yogurt, fresh milk, among other dairy products (Finance.yahoo.com, 2016). It also produces baby foods and other nutritional products. It is based in Paris, France.

Operations

The company operates globally with stores in many countries. The overall management of the company is the duty of the board of directors. To effectively manage the affairs of the company in the global sphere, the company applies a multinational matrix organization structure. The global products are blended with area structures. The responsibility is delegated to product and geographical ...

Compass Group plc

Compass Group plc is a multinational company dealing with contract food service, support management, cleaning management and property management. It is a British multinational company with headquarter located in the compass house along Chertsey Surrey. Compass Group Company is the largest contract food service organization in the world. The company operates in more than fifty countries across the entire world. The company offers different food services in different locations and institutions such as the hospitals, cultural venues, offshore oil platforms, major sports, schools, offices, mining camps and various universities. The company has several shares and is very active in ...

Introduction

Time warner Cable Company is a telecommunication company located at the Time Warner center in the United States in the city of New York. Time Warner company deals with the televisions networks, films and entertainment. It is the third largest telecommunications company in the world. The company was established in the year 1990. It was started by forming a merger between two companies in the United States of America. This companies comprised of Time Inc. and the Warner communications. The company mainly operates in film production and television. The company has a limited publishing operations in the United States ...

Cost of production

The graph below shows the cost of production for Wesco incorporation for five years. The graph above shows that the cost of goods sold as well as the operating expenses have been increasing from 2011 to 2014. However, in 2015, the cost of goods sold reduced in 2015 but operating expenses for the company remained the same. The cost of goods sold represents the direct expenses incurred in the production of the products made by WESCO. These costs are inclusive of labor costs and other overheads to produce goods as well as freight to obtain other required products. The ...

Introduction

The Empire Cruises is a private New York based cruise business, which offers public dinner cruise and private event charters. Major services of Empire Cruises include Birthday Cruise, Prom Cruise, Graduation Cruise, Anniversary Cruise, Sweet 16 Cruise, Cocktail Cruise, Lunch Cruise, Holiday Cruise, and Cruise Rental. It was established in 2010 and owns the city’s most popular event yachts that aim at offering the best cruise experiences at special events. The fleet of Empire Cruises is comprised of five incredible yachts namely Lucille, Jacana, Harbor Lights, Nautical Empress, and Liberty Belle. The deluxe experience offered by the Empire ...

Abstract

In most economies, the resources are scarce and limited which calls for proper planning and allocation of the limited resources. Economic operations of a particular region are represented in the circular flow of income, whereby various sectors of the economy are represented. In the flow, all the players have their specific roles to enhance the optimization of the resources available. As enterprises and firms are going global, there are benefits and costs associated with the move, which calls for planners and economists in the enterprises undertaking the move to analyze the world market consciously. In this article, various economics ...

Identify two microeconomics and two macroeconomics principles or concepts from the simulation/ video. Explain why you have categorized these selected principles or concepts as microeconomics or macroeconomics. The main concepts displayed in the video are the law of supply and law of demand. These concepts are common to microeconomics and macroeconomics. Law of supply is a positive relationship between quantity of goods and services and its price. When price of a good rises, the quantity supplied of the good increases accordingly. With much higher price producers are willing to supply more goods and services. Law of demand depicts negative ...

Introduction

Definition of Managerial Accounting Businesses must implement effective decisions at varying phases of growth through management accounting for a chance of a future. According to an article on the Harvard business Review, businesses mainly go through two main phases of growth: the start-up phase or the mature phase. According to Churchill and Lewis, each of these phases demand and rely on differing strategies that fulfill a need and/or takes the business to the next phase. The techniques used or applied to haul business through these phases are referred to as managerial accounting techniques. The parties responsible for reinforcing managerial ...

Assignment 2: Operations Decision

Assignment 2: Operations Decision IntroductionCurrently, the options for microwave foods with low calorie have widened in the market. As the income of the people has gone up, the consumers can now have higher affordability towards an easy way of living; thus allowing for a change in the traditional rigorous ways of cooking used in yesteryears. Microwaves have now somewhat replaced the cooking methods used traditionally. As the popularity of microwaves has increased, the use of food items related to the same has also enhanced. Since there is such wide variety available for products, there can be an easy target ...

Abstract

Wesco International Inc, which is an American publicly traded company currently, operating in the U.S. The company supplies electrical and repair products and is based in Pittsburgh, Pennsylvania. Most of the company’s business is conducted in the United States. This article provides a microeconomic analysis by reviewing the current demand and supply situation of the company as well as the involved costs of production and recommended strategies that the company could adopt to gain a competitive power.

Introduction

Maintaining successful operations is a hard task for multinational corporations especially in the current market trends and fluctuating customer demands. However, ...

Introduction

The changes in the factors of production affect the production process of various commodities in the market. The production process of every product is done with a primary aim of maximizing profit in the market. There are several factors that affect the profit formation process in an organization. It is the role of the management of any business to ensure the operations of the enterprise are flexible and efficient in the organization. The management of the business consists of different departments in an organization. Every department in an organization plays a major role in the success of the company. ...

The prices of oil globally and indeed locally have been fluctuating over the past years. In some instances, the costs would decrease while in other cases increased due to various reasons. This paper focuses on the cause for the sky-high prices in California according to Finley 2015 article. Finley argued that Americans were, in general, enjoying cheaper gas process due to the shale oil boom across the USA. Finley noted that the national average price had dropped by 25% to $2.76 a gallon in a year. However, that was not the case in California. In the Golden State, the ...

Algae are a diverse group of organisms that are mainly autotrophs. Autotrophs are organisms that mainly produce complex organic compounds by using simple inorganic molecules and light or in other instances by chemical reactions. Algae can be broadly classified into two main groups which are unicellular or multicellular. Seaweeds form the largest and most complex marine type of algae (Olanrewaju, Wan Nik, & Kader, 2013). It should, however, be noted that algae can further be classified in many different ways. Below is an illustration of some of these classification representations. Green algae are classified into the Plantae kingdom and are, ...

Executive Summary

In this consultancy report, the whole work has been discussed in parts starting with the introduction that explains the topic statement about the video games industry. The report also covers the history and the development of the video games industry with a case example of a British company HMV Retail Ltd. Through carrying out of a PESTLE analysis, the report focuses on the external factors surrounding the video games companies. Also, the report has put forth some of the major areas that any business in this industry should focus on to experience growth and formulate change strategies. The report ...

Introduction

For a long time, consumers in the United Arab Emirates suffered from unfair competitive practices that they experienced as a result of companies looking to gain the best profits. The companies thus took advantage of the fact that there were no existent rules and regulations that could control the unhealthy competition in the region. Unhealthy competition is act as a barrier to new firms joining that would automatically provide services that are price friendly to the users. Additionally, consumers are supposed to receive quality goods and services from the companies. However, in the presence of weak regulations with regards ...

[Date: mm/dd/yyyy] The penalty rate incorporates the rate of pay that is granted to the employees for the services that are being provided under difficult conditions or unusual timeframe. The penalty rate is provided when employees work during weekends, overtime, night shifts, early morning shifts or public holidays. The penalty rate has been reduced as a strategic decision to increase jobs by means of providing opportunities to the new employees rather than dividing work within the existing employees (Daly, 2014). The current paper enlightens the dynamics of the penalty rate that tend to justify the penalty rate and analyzes ...

Introduction

Over the last one year, the global oil price has declined rapidly by approximately 50 percent. The drop in the oil prices may have largely been as a result reduced global growth prospects. Analysts argue that the rise of the U.S dollar in relation to other currencies played a significant role in the oil prices decline (Energy Information Administration, 2014). The decrease in the global oil prices has led to a significant impact on the U.S economy. In essence, the price drop has reduced the cost of living while increasing the real consumers’ incomes. The real income gain has ...

Competitive Analysis

This study uses the interview as the mode of collecting information to determine the nature of competition of one international agency and the competitive analysis criteria employed by the business. The interview is conducted by asking the management board of the foundation questions based on the competitive advantage strategies used by the company. The international trade in this interview is the Ford Company. This interview was conducted on a face to face situation. The meeting took thirty minutes. The individual interviewed was an employee of the Ford Company and basically in the department of strategic management and policy formulation. ...

Business Cycle Case Study

Introduction Business cycle refers to the unsteadiness in business activities within a given economy over a given time. The business cycles are mainly characterized by periods of recession or expansion. During periods of expansion, the economy is experiencing growth, this is indicated by factors such as; increase in the rate of employment, increase in production processes within industries and increase in sales as well as incomes. The period of recession is when the economy is experiencing a contraction. Indicators of contraction in an economy are; unemployment, decrease in production processes and a decrease in sales and incomes.( Stock, pp ...

A free market economy is said to be free because market forces of demand and supply control it. There is little or no government intervention at all levels of the economy. Therefore, the equilibrium price of goods and service market is a mutually agreed price between the sellers and the buyers. The state doesn’t intervene by offering subsidies, imposing taxes or through any form of regulation. The free market is an ideal one that cannot exist in the real world. However, governments can deliberately reduce their influence in the market to shift from a command economy towards the ...

Product: iPad Air 2 16GB WiFi

Price comparison Factors that affect global pricing Nature of product and industry The factor provides flexibility of the product which is important in competing with rivals. Products that give a technological age require flexibility where there are price adjustments according to the global market threats available. Prices, therefore, can raise or fall depending on the competition and threats that are available in the global market. Goods exported to foreign markets are less likely to experience price flexibility. However, when the companies manufacture in the global markets, they are able to absorb factors such as currency rate variations. Additionally, location ...

Management Science: Toyota Case Study

Toyota has developed into a renowned vehicle manufacturer in the last century attributed to the adoption of efficient production processes that form their basis on continuous innovation. Increased global growth of the brand remains attributed to the integration of new manufacturing plants globally, which has enhanced access to the company vehicles for the majority of the world's population. The need for the provision of quality has developed into a vital aspect guiding the production and operational processes adopted within the company necessary in enhancing global expansion (Arsenault & Castellas, 2008). The global expansion of business processes remains crucial in ensuring ...

Business Plan

Executive Summary 3 1.0 Introduction 4 2.0 Operations plan 5 2.1 Location and facilities 5 2.2 Business processes 6 2.3 Distribution and outsourcing 9 3.0 Organizational plan 10 3.1 Management 11 3.2 Mission 12 3.3 Purpose 13 3.4 Vision 13 3.5 Legal structure 13 3.6 Organizational chart 14 4.0 Marketing plan 16 4.1 Price 16 4.2 Product 17 4.3 Place 19 4.4 Promotion 20 5.0 Financial plan 21 6.0 Growth plan 22 7.0 Contingency and harvest strategy 23 8.0 Timeline to launch the plan 25 9.0 References 28 10.0 Appendices 29

Executive summary

Don’t we all enjoy the experience of ...

Organization Value and Business Reflection Topic

Introduction Business management is a fascinating topic, more so when the lessons in the class are integrated with real-world case studies. The integration offers the students opportunities to employ the management skills learnt in the class through creative thinking and problem solving approaches to provide solutions to real business problems. The experience equips the learner with practical skills that enables the student to be an economic productive person in the society. The paper will evaluate the critical management skills the author has leant in the class. The paper will review management functionalities in the firm, relevance of effective communication ...

Impact of Minimum Wage on Labor Markets

Minimum wage is the price floor imposed in the labor market to ensure that firms don’t exploit workers. Usually, the minimum wage is set above the equilibrium wage. The minimum wage ensures workers get adequate income that can enable them to live a decent lifestyle. This price floor is revised from time to time as per changes in the cost of living. Therefore, it disrupts the supply and demand of labor in the economy. Economists who advocate for this policy argue that it supports the low-skilled workers who are easily exploited due to their low bargaining power (David, ...

Trump is the leading presidential candidate of the Republican Party, and he is campaigning under the slogan of make America great again. His campaign slogan is based on several extreme economic and social policies. The economic policies of a president are mainly macroeconomics policies that affect all the components of the country’s gross domestic product. His main economic policies touch on taxes, labor supply, investments, and international trade. He looks forward to cutting individual and cooperate taxes, increasing the volume of exports, decreasing imports and increasing private investment (Trump, 1). The most popular and extreme economic policy that ...

Businesses relying on renewable energy sources to power their ventures as well as foster environmental sustainability have attracted the attention of environmentalist and activists. PepsiCo is one such company investing in various sustainable practices where they use light energy to power their water stewardship for factory use and community assistance (Environmental Sustainability, 2014). It reduces the emissions of the greenhouse gasses by finding alternative energy sources like electricity. The company boosts agriculture sector as one of its main sources of raw material by creating community outreach programs that foster best farming practices. PepsiCo has also invested heavily in reducing ...

Executive Summary

The current global economy is undergoing dramatic changes that make it more technologically dependent as well as information intensive. Fundamentally, the role of logistics is becoming highly crucial in all business entities with an objective to improve and satisfy the customers’ demands, taste and preferences. With the current dynamic changes in logistics networks in the supply chain, organizations are likely to face numerous logistics problems. As a result, they are required to formulate effective Logistics Management concepts and tools to help to assess various logistics problems and improve their operational performance. This paper analyzes the application of some the ...

Introduction

NUCOR Corporation is an American-based steel company that was incorporated in 1955 (Thompson 330). By then, the company was referred to as the Nuclear Corporation of America, and the incorporation resulted from merger. This merger was prompted by the bankruptcy that the company had experienced in 1950. The Company has its headquarters in Charlotte, North Carolina, and it was America’s second largest steel manufacturing firm by the year 2012. One of the company’s greatest reputations was the success in profitability by 2012. In 2012, NUCOR had a continuous profitability trend for decades (Thompson 330-331). However, like any ...

The world today is waking up to the realization that pollution of the environment has become costly. It is for that reason that there is an effort to embrace better options that going to this problem. When it comes to the use of energy biofuels, have been lauded as the best mitigation to deal with the overexploitation of fossil fuels that are in return leading to the over pollution of the environment that has led to global warming. If fossil fuels are going to be substituted with biofuels in the transport industry, there will be a considerable reduction in ...

Issue identification

The issues presented in the ‘Aqualisa Quartz’ case study include the products that the company offered for sale to its customers, the channels of distributions, the sales and marketing strategy. The UK market had three types of electric showers that the customers could acquire to solve the problem of temperature fluctuation and low pressures. It had a challenge in developing the best product that would solve the exisiting problems in relation to the electric showers available for the clients. The alternative showers include integral power showers, mixer shower valves and he electric showers (Moon 2016). Recognized for its top ...