to buy more which saves on packaging in which seller gives quantity discount. In this case the bundle of 5 T-shirts s priced lower than the sum of the price of individual T-shirt. This type of pricing is based on the demand schedule where customers may have high willingness to pay for T-shirt but not for 5 T-shirts, and the pricing discount is to match customer willingness to pay. 5 T-shirts are packed for one price using a bundling pricing which is a second-degree price discrimination that used to…

It is very likely that our T-shirts are born near Lubbock, Texas, which is the known to be the cottonest city in the whole world. Nelson Reinsch is a very successful cotton farmer. Him and his wife Ruth tend to be seen as people whose minds are opening rather than closing as they approach the ends of their lives. Producing cotton is no longer the exhausting physical process that it used to be, but Nelson and Ruth still fight both the impulses of nature and the moods of the markets. Every summer,…

The Feasibility of Used Cooking Oil and Charcoal as an Alternative Ink for T-shirt Prints Chapter 1 Background of the Study When most people think of modern technological innovations, the first thing that comes to their minds are the advancements of technology in computers, communication devices and many more. However, there is a modern technological advancement in the field of fashion too, and one of it is the advancement in textile printing that has led to the rise in fashion clothing…

Although globalization allows for most products to be produced at a more efficient rate, it also has the capability to mar the economies of municipalities in first world countries. In Pietra Rivoli’s book The Travels of a T-Shirt in the Global Economy, she discusses the different viewpoints of opposing sides of an on-going battle to reduce the amount of tariffs and quotas put on the textile industries of foreign countries. For decades the textile industry in America has been on a noticeable decline…

your passion; you have to find what truly makes you happy and when you find what truly makes you happy you got to chase after it; you got to take those risks. "Passion is a desire to do, or accomplish, or feel love without any barriers." (Passion Project) There are so many hindrances that come our way whenever we are chasing our own passion. However those obstacles will not succeed to stop us from achieving what we are determined to follow through which give us so much happiness, contentment and success…

What Would Happen if the New T-shirt Market Operated as a Free Market? The producers in the new T-shirt value chain do not operate in a free market system. Government protectionist measures such as subsidies, quotas, and tariffs have limited economic success to a fortunate few. According to the author Pietra Rivoli, “the winners at various stages of my T-shirt’s life are adept not so much at competing in markets but at avoiding them.” These winners include the U.S. cotton farmer and the China…

What are the possible financial outcomes if George orders 5,000 shirts, 7,500 shirts and 10,000 shirts, respectively? Based on the information given in the case, the expected number of attendees is: E(x) = 80,000*0.25 + 50,000*0.5 + 20,000*0.25 = 50,000 people Selling price per shirt: $100/12 = $8.33 Discount price: $1.5 Scenario 1: Assumption: George orders 5000 T-shirts; cost: $17,750; the number of attendees buy his T-shirts are 5%, 10% and 15% respectively The possible financial outcomes…

the government involvement consist of. In frieden’s case he talks about the government involvement in globalization during or after world war II in globalization. Pietra Rivoli discusses about the t-shirt that people wear everyday but not knowing the transformational factors hidden when making that t-shirt globally. The roles that government play in the global work environment is that in today’s world majority of businesses need to register with a state government to function. Corporations need a…

Case Background George Lassiter makes t-shirts for special events such as concerts. The upcoming concert presents another opportunity for George to make and sell t-shirts; however the question is how many t-shirts to produce. There are two fundamental case questions that must be answered: 1. What are the possible financial outcomes if Lassiter orders 5,000 T-shirts? 7,500? 10,000? As shown in the Exhibit, a rather simple but detailed decision tree has been made which represents the various options…

The book Travels of a T-Shirt in the Global Economy by Pietra Rivoli is about the journey of a plain cotton shirt internationally through the economy. This book consists of a plain, cheap t-shirt bought at Wal-Mart, is split into four important parts. The first part is about the source of the t-shirt: cotton. The second part is about the creation process the t-shirt goes through while being created in China. The third part is consists of explaining what happens after the t-shirt goes to the United States…