TMLT 311 Week 6 discussion

You have just graduated from the MBA program of a large university, and one of your favorite courses was “Today’s Entrepreneurs.” In fact, you enjoyed it so much you have decided you want to “be your own boss.” While you were in the master’s program, your grandfather died and left you $1 million to do with as you please. You are not an inventor, and you do not have a trade skill that you can market; however, you have decided that you would like to purchase at least one established franchise in the fast-food area, maybe two(if profitable). The problem is that you have never been one to stay with any project for too long, so you figure that your time frame is 3 years. After 3 years you will go on tosomething else. You have narrowed your selection down to two choices: (1) Franchise L, Lisa’s Soups, Salads, & Stuff, and (2) Franchise S, Sam’s Fabulous Fried Chicken. The net cash flows shown below include the price you would receive for selling the franchise in Year 3 and the forecast…

In this second module, you are introduced to the laws of supply and demand. This question we are covering six chapters, so there is a myriad of different topics that we could cover, but I believe that if we look at the following question, we can draw in a lot of the different concepts presented in these chapters: In our mixed economic system, who really decides prices? Producers or Consumers? In answering this question, you may want to consider the following issues: Is it necessary for producers and consumers to sit down and discuss price levels? What role do brand names play in prices and your purchasing habits? Does the law of demand always hold true? Why do producers spend so much money on advertising, shaping our tastes and preferences? Are there markets where you see a need for price controls?

Which of the following statements describes Principle 6: Markets are usually a good way to organize economic activity? A buyer of tomatoes asking 5 pcs of tomatoes for 20 pesos and the seller bargaining to give the tomatoes for 20 pesos if the buyer will buy 10 pieces. Thousands or millions of Filipino people applying and being hired in BPO companies of their choice. Russia allowing the Philippines to purchase new military equipment from their country. Several milktea shops are opening due to the increase in demand of milktea. Which of the following might increase the equilibrium price of bread but decrease in the equilibrium quantity of bread sold? O an increase in the price of flour an increase in the price of rice O an increase in price of coffee an increase in the consumers' income

. Under its former President Hugo Chavez, Venezuela moved from a Capitalist economy to a Socialist economy and has remained so after Chavez’s death. For example, the government took over and now operates a chain of stores that used to be run as a private business. Prices in the government-run stores are lower than prices were in a Capitalist economic system. The government posts signs in these stores like the one below: In case you don’t read Spanish, the sign says:                                     Product Description                Diana Oil                                     Fair Price                                 4.73                                     Capitalist Price                        7.00                                     Your Saving                             32%   The implication, of course, is that prices in a Capitalist economy are not fair. Explain whether or not this is true. Be sure to address each of the following in your explanation: 1) how are prices…

Detailed takeaways from the article " Vertical Integration is Dead, or is it? " by Osegowitsch, Madhok. 2003.

Q5.

During the last 20 to 30 years, there have been a number of countries whose economies have experienced important economic expansion and development.  One group of countries has been labeled the BRIC countries and the other the VISTA countries.  Identify each of the nine countries and provide some insights about their economies and economic importance.   The theories of absolute and comparative advantage have been offered as an economic rationale for trade between and among regions and countries.  Compare and contrast the two concepts.  Which of the two do you think is more important for explaining the growth in global trade during the last 25 years?  Why”

My grandfather has many memories. When he was a child, everyone was singing "Happy Days Are Here Again." His mother had a fur coat; the family had a new car and a nice house. As a teenager, Grandpa tried to get a job, but the local factories were decreasing production. By the time Grandpa graduated, his family could not pay the mortgage on its house and had to move in with friends. There were no jobs for my grandfather or for anyone else. Later, when Grandpa was married, the economy was improving; he found a part-time job. After Mom was born, Grandpa got a good full-time job, and he was able to buy his first car. Time of Life: Phase of Business Cycle: childhood teenager graduate newly married parent a. recovery b. depression c. peak or prosperity d. recession

I recently sent in a similiar question and was rejected for a reason that didn't make sense to me. This is a homework problem that I am unable to solve and there are several like them, I really need assistance because I am unable to understand how to even get the answer.

Please do it as soon as possible

Marx and Engels ([1848] 1967) argued that market-based capitalism was the most dynamic force in the world. Originating in Western Europe, this economic system was based on capital accumulation, the spread of markets, and the exploitation of labor. This latter idea was based on the notion that labor is the source of all value in the production process, but labor is only recompensed part of that value, in the form of wages; the rest goes to the owner of the capital as profit Under the capitalist mode of production, profit comes from the exploitation of human labor. Under the capitalist mode of production, profit comes from the exploitation of human labor. However, the accumulation of capital and new technology displaces labor. Joseph A. Schumpeter (1939, 1942, 1991) argued that growth was supply driven by the factors of production, with entrepreneurial innovation the most important of these. He believed in a “raw instinct” that drove entrepreneurs. He saw development as being driven by…

Can you help me with this

Describe any four economic systems that you know of in your economy

I would agree that companies exist in their own right as long as the people who work for them and lead the company as a whole all share the same values and morals as one entity. I say this because then, in a way, a company would be a much larger version of a person. Companies also have the right to make their own decisions on typical business practices and routes they want to take as a whole. Some examples of these would be where they would like to source their materials, where they would like to manufacture their goods, where they would like to build their factories, and who they would like to conduct business with. Companies are some of the most important organizations in the world today because of how much of an impact they have on the world's economy. When you think about different countries, you oftentimes think about the various powerhouse companies that reside in the respective countries. For example, in the United States, you would think of Apple and Microsoft. Both of these…

in the context of a market system, which of the following statements is incorrect

Consider your decision to read this textbook on economics. Identify which of the four core principles of economics (the cost benefit principle, the opportunity cost principle, the marginal principle, or the interdependence principle) is most relevant for the following aspects of that decision. Reading this textbook will help establish a solid foundation for understanding concepts you will learn in more advanced economics courses. Reading this textbook will require time and effort, but doing so will help you improve your grade in this course. The time you will spend reading this textbook could instead be used to study for your chemistry exam. Each extra page that you read and each practice problem that you complete will help you increase your understanding of the material.

Suppose that Georgiania was a thriving empire in its golden age. Business was booming and it was the center of international trade under the leadership of Emperor Raphael III. His empire's pride and joy was the trading of green and black tea, and he decreed that their entire economy should be built around it. However, in the mid 1800s, Georgiania experienced a severe economic downturn when the other nations of the world created an embargo on tea from Georgiania, which led to civil strife due to thousands of workers being laid off. A downward fluctuation in the economy like this is known as economic growth. a recession. the invisible hand. market failure. The correct term is a key component of macroeconomics. both microeconomics and macroeconomics. microeconomics.

In the "Krugman model" of New Trade Theory, increasing returns to scale and network effects play a significant role in international trade patterns. Suppose two countries are identical in every respect except for the fact that one country has a slightly larger initial market for a particular industry. According to the model, what is the likely long-term outcome for the industry? A) The industry will be evenly distributed between the two countries due to comparative advantage. B) The industry will eventually concentrate in the country with the larger initial market, leading to monopolistic competition and economies of scale. C) Both countries will experience identical growth rates in the industry due to constant returns to scale. D) The industry will disappear in both countries due to competitive pressures from other industries.

After seven years of negotiations, 12 countries—including the United States, Japan, Vietnam, and nine other Pacific Rim countries—crafted the Trans-Pacific Partnership (TPP). A key feature of the TPP was the lifting of tariffs on many products traded between the member countries, ranging from agriculture to footwear. Before the United States ultimately pulled out of the deal, each member country went through the process of ratifying the agreement, with numerous domestic firms and collective interests voicing opposition. In the United States, New Balance was one of these opposing firms, specifically stating its disapproval of phasing out U.S. tariffs on shoes made in Vietnam.  ●      What would a reduction of U.S. tariffs on Vietnamese shoes do to the supply of Vietnamese shoes in the United States? ●      What impact would this have on the equilibrium quantity of shoes sold in the United States? ●      Would the tariff reduction cause the equilibrium price for shoes in the United…

After seven years of negotiations, 12 countries—including the United States, Japan, Vietnam, and nine other Pacific Rim countries—crafted the Trans-Pacific Partnership (TPP). A key feature of the TPP was the lifting of tariffs on many products traded between the member countries, ranging from agriculture to footwear. Before the United States ultimately pulled out of the deal, each member country went through the process of ratifying the agreement, with numerous domestic firms and collective interests voicing opposition. In the United States, New Balance was one of these opposing firms, specifically stating its disapproval of phasing out U.S. tariffs on shoes made in Vietnam.    What would a reduction of U.S. tariffs on Vietnamese shoes do to the supply of Vietnamese shoes in the United States?  What impact would this have on the equilibrium quantity of shoes sold in the United States?  Would the tariff reduction cause the equilibrium price for shoes in the United States to increase or…

While traveling by car during one of his many overseas travels, a famous economist spotted scores of road builders moving earth with shovels instead of modern machinery. When he asked why powerful equipment wasn’t used instead of so many laborers, his host told him it was to keep employment high in the construction industry. If they used tractors or modern road building equipment, fewer people would have jobs was his host’s logic. “Then instead of shovels, why don’t you give them spoons and create even more jobs?” the Nobel Laureate inquired. Who used this story to illustrate the power of human capital enhanced by productivity?

The following graph shows a fictional world economy that consists of only two countries, Greenberg and Baxton. Both countries produce airplanes under increasing-cost conditions. Note that the left-hand part of the diagram is a mirror image of a standard supply-demand diagram, and therefore the supply and demand curves slope in directions opposite their usual directions. Greenberg Baxton 30 27 24 +18 + + 15 12 In the absence of trade (that is, autarky), the equilibrium price in Greenberg is $ and the equilibrium price in Baxton is |. (Hint: Enter all monetary values in full. For example, $7,000 rather than $7.) In the absence of trade, which of the following statements is correct? O Greenberg has the comparative advantage in production of airplanes. O Greenberg and Baxton are equally good at producing airplanes. O Baxton has the comparative advantage in production of airplanes. Now suppose both countries open up to international trade with each other. For each country, use the previous…

Mentality: after Cambridge dictionary the particular way in which a person or group thinks about something (Cambridge: the particular way in which a person or group thinks about something)

Use the source below to respond to the next question In 1944, Churchill and Stalin agreed to a postwar division of Europe. Included in the agreement was the provision that the Soviet Union and Britain have an equal say over the postwar fate of Yugoslavia and Hungary. This agreement is an illustration of the concept of: O enforcing mutual deterrence encouraging national self-determination O eliminating economic imperialism establishing spheres of influence

I do not fully agree that companies exist entirely in their own right or are unequivocally the most important organizations in the world. While companies are legally distinct entities that can own assets, make decisions and be held accountable, they are still comprised of and directed by individuals. At their core, companies only exist as a means to coordinate economic activity among people.  There are reasonable arguments that companies play a hugely influential economic and social role globally. However, I would hesitate to say they are unambiguously more important than organizations like governments, non-profits or international institutions that are focused on issues like human rights, health, education and environmental protection. Companies operate to generate profit and shareholder value, which does not always align with the broader interests of society. Therefore, other organizations are still needed to regulate markets and address challenges that private industry may not…

Is this a good example of opportunity cost? “In 2019, I started my small business by selling prints of my photographs. Now it’s temporarily closed. During this time I had the option of shipping my prints through USPS or UPS. I decided to ship my prints through USPS instead of UPS since it was a bit expensive at the time. My prints that were shipped out from USPS arrived in time and came in good condition. The opportunity cost is the cost of UPS shipping and being able to ship out international orders. “

The model (graph) below represents a small country trade of good X after the government decided to impose tariffs on import. Consider the case of trade after tariffs. Please answer the following questions: What area(s) represent the gain of surplus to producers? What area(s) represent government revenue? What area(s) represent the loss of surplus to consumers? What area(s) represent consumers surplus? What's the quantity imported? Describe the impact of a tariff on social welfare. Refer to the graph to support your answer. A Qs Qs,t QD₂t Q₂ Quantity Edit View Insert Format Tools Table Price Pw+t Pw G C

Porter’s theory of competitive advantage highlights the nature of competition and the idea that competitive advantage varies between economies or industries. Some countries have an upper hand and can influence competitive advantage in certain industries. Porter argued that it is of great importance that economies have innovative projects in order to establish their presence in said industry, we know now that the production factors, such as Infrastructure, knowledge resources as well as the primary and advanced factors, are also contributors to having such presence that in turn leads to having competitive advantage. This is relevant to the Caribbean region as we know that Lewis developed his theory to be somewhat dependent on industrialization coming from external sources which is known as foreign investment and is evident even in today’s Caribbean society, whereas Porter believed in countries developing their own innovating solutions and insinuated that they must find their own…

Porter’s theory of competitive advantage highlights the nature of competition and the idea that competitive advantage varies between economies or industries. Some countries have an upper hand and can influence competitive advantage in certain industries. Porter argued that it is of great importance that economies have innovative projects in order to establish their presence in said industry, we know now that the production factors, such as Infrastructure, knowledge resources as well as the primary and advanced factors, are also contributors to having such presence that in turn leads to having competitive advantage. This is relevant to the Caribbean region as we know that Lewis developed his theory to be somewhat dependent on industrialization coming from external sources which is known as foreign investment and is evident even in today’s Caribbean society, whereas Porter believed in countries developing their own innovating solutions and insinuated that they must find their own…

Which of the below statements BEST captures the expressed views of the author,  Charles Wheelan, in chapter 8, "Power of Organized Interests," in the book, Naked Economics? A) In the 15th century China's rulers banned long sea-voyage trade ventures, a decision which propelled China into rapid economic development, discovery and prosperity.   B) Protectionism in trade is an excellent idea and it will prevent jobs from leaving the U.S.   C) There is a crucial distinction between using the political process to build a safety net for those harmed by creative destruction, and using the political process to stop that creative destruction.   D) We should engage in free trade without any thought to the workers who get displaced by foreign competition.

Economic is a social science that is considered a precise art.

Write one example each for the four strategies for Global Product planning. You can search in Google. Briefly write the example in two three sentences. (Note: Examples given in handout is not accepted) Strategy Strategy 1: Dual extension Example Strategy 2: Product extension communication adaptation Strategy 3: Product adaptation Communication extension Strategy 4: Dual adaptation