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Suppose your business model is to buy products wholesale and sell directly to customers through an online selling platform. You are trying to decide what product to sell (Example: office supplies, cleaning supplies, home improvement supplies, groceries, school supplies, etc.).
What type of product would you sell and what type of inventory strategy would you use? Justify your chosen strategy and explain how you would manage your inventory. (Consider "Pressures for Small Inventories" and "Pressures for Large Inventories" in your textbook to help craft your answer). Address the the following questions in your response:
- How will you keep up with demand?
- What are three things you considered when choosing your chosen strategy?
1. What determines the level of market power a monopolist can exercise?
Your research shows that your product should be 10% more efficient than this nearest competitor. What is the True Economic Value of your product?
Consider a monopolist with the inverse demand curve: P=50-Q. TC = (Q^3 /3) – 11Q^2 + 150Q + 200 and the MC = Q^2 - 22Q + 150. What is the profit maximizing level of price and quantity and what is the associated level of price? Will the firm keep prod..
Describe the Stolpher-Samuelson theory of trade. How does it differ from the factor endowment model? What are its predicted effects on wage-inequality in (a) industrialized countries that are capital-abundant and (b) developing countries that are lab..
Explain what are the repercussions for Government/legal/military that impact International Logistics. Some variables of interest might include changes in laws, military operations, arms reduction or buildup, government regulations or deregulation, gr..
study of individual behaviour - individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry from this list and discuss the reforms been done in that industry.
A) What is inflation? Research and present the annual inflation rates in the U.S. for the years 2011 - 2016.
Consider a market where demand is d:p=24-Q and supply is s:p=2+Q. impose a specific tax t= $2 on each unit sold in the above market.
What was the marginal benefit received by the student when renting the third movie?
Is gross domestic product an accurate measure of the standard of living? Why or why not?
What are the four general four types of competition? How does the growing sharing economy (e.g. Airbnb, Uber, Zipcar, etc.) relate (similarities/dissimilarities) to these general four types? Explain and support your answer
If you were in charge of pricing at one of these firms, would you have a clear-cut pricing strategy? If so, explain why. If not, explain why not and propose
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