Bluefin tuna is very popular; however, its supply is being reduced through global overfishing and pollution. Therefore U.S. placed it on its watch list. Their observations indicated that many fisherman currently fish more than the legal quota. This excess overfishing may require official protection if unable to police fishing and preserve habitats. Based on Bluefin tuna case answer the following three questions: Why is the price of Bluefin tuna skyrocketing? Explain your answer
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- Bluefin tuna is very popular; however, its supply is being reduced through global overfishing and pollution. Therefore U.S. placed it on its watch list. Their observations indicated that many fisherman currently fish more than the legal quota. This excess overfishing may require official protection if unable to police fishing and preserve habitats. Based on Bluefin tuna case answer the following three questions:
- Why is the price of Bluefin tuna skyrocketing? Explain your answer
- Why might the U.S. be reluctant to place the Bluefin tuna on the endangered species list? Explain your answer
- What are some of the consequences of acting too slowly or too quickly in their assessment? Explain your answer
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- In Japan, the government has laws on how much fish a fisher can catch. By limiting the number of fish caught per day or per season, it is certain that future generations will have fish from the area; that is, fish will not be depleted in this area. Japan's fish policy is an example of: a- Fair trade b- Globalization c- Trans-boundary pollution d- Sustainability.Environmental scientists David Pimentel, Rodolfo Zuniga, and Doug Morrison of Cornell University reviewed scientific estimates for the economic and ecological costs imposed by introduced and invasive species in the United States. They found that, as of 2005, approximately 50,000 species had been introduced in the United States and that these accountedfor over $120 billion in economic costs each year. These costs include direct losses and damage, as well as costs required to control the species. (The researchers did not quantify monetary estimates for losses of biodiversity, ecosystem services, and aesthetics, which they said would drive total costs several times higher.) Calculate values missing from the table to determine the number of introduced species of each type of organism and the annual cost that each imposes on our economy. Organisms that damage crop plants are the most costlyof introduced species. Weeds, pathogenic microbes, andarthropods that attack crops together account…Distributed power generation will end the long-distance tyranny of the grid. For decades, control over energy has been deemed too important to be left to the markets. Politicians and officials have been dazzled by the economies of scale promised by ever bigger power plants, constructed a long way from consumers. They have put up with the low efficiency of those plants, and the environmental harm they do, because they have accepted that the generation, transmission and distribution of power must be controlled by the government or another monopoly. Yet in the beginning things were very different. When Thomas Edison set up his first heat-and-power co-generation plant near Wall Street more than 100 years ago, he thought the best way to meet customers’ needs would be to set up networks of decentralised power plants in or near homes and offices. Now, after a century that saw power stations getting ever bigger, transmission grids spreading ever wider and central planners growing ever…
- The entire poultry industry is working hard to keep up with demand, but egg production is falling behind. According to the USDA’s Economic Research Service, the price of eggs in the U.S. is expected to rise more than 35 percent in 2018. The cause of this egg price increases? An uptick in foreign demand for US eggs is partly to blame. When the avian influenza devastated Europe this past year, egg suppliers in the U.S. stepped in to help fill the demand in these countries. Another problem arose in late 2017 where some egg supplies were contaminated with a dangerous insecticide, affecting countries including Germany, France and Belgium. With millions of eggs being pulled from the shelves in Europe, US exports of eggs rose 663 percent between 2016 and 2017. Domestic demand has increased as well. In the United States, 2017 saw a 20-year record in egg consumption at 275.2 eggs per person per year. When you multiply that by 325 million Americans, that’s a lot of eggs. Now, consider the…The entire poultry industry is working hard to keep up with demand, but egg production is falling behind. According to the USDA’s Economic Research Service, the price of eggs in the U.S. is expected to rise more than 35 percent in 2018. The cause of this egg price increases? An uptick in foreign demand for US eggs is partly to blame. When the avian influenza devastated Europe this past year, egg suppliers in the U.S. stepped in to help fill the demand in these countries. Another problem arose in late 2017 where some egg supplies were contaminated with a dangerous insecticide, affecting countries including Germany, France and Belgium. With millions of eggs being pulled from the shelves in Europe, US exports of eggs rose 663 percent between 2016 and 2017. Domestic demand has increased as well. In the United States, 2017 saw a 20-year record in egg consumption at 275.2 eggs per person per year. When you multiply that by 325 million Americans, that’s a lot of eggs. Now, consider the…Midlans Pork Products Ltd is Zambia's Leading company in the processing and sale of Pork. However, the company has observed that,lately, the demand for Pork hgas been declining in the last two years. Its marketing research unit has attributed the decline in the demand for Pork to two factors: First, there is a grwoing segment of the population in the country that is converting to islam, a faith that prohibits the consumption of pork. Secondly, many Zambians are, for healthy reasons, becoming inceasingly wary of consuming pork because it is considered fattening? 1. What is the significance of a company's external environment in the formulation of a company's strategy? 2. Analyze Midlands Pork Products Limited external environment? Is it favourable or unfavourable? 3. What is the significance of a Company internal environment in the formulation of strategy? 4. What strategy seems appropriate for Midalnds Pork products ltd given the external and internal environment?
- With the growth in demand for exotic foods, Possum Inc.’s CEO Michael Munger is considering expanding the geographic footprint of its line of dried and smoked low-fat opossum, ostrich, and venison jerky snack packs. Historically, jerky products have performed well in the southern United States, but there are indications of a growing demand for these unusual delicacies in Europe. Munger recognizes that the expansion carries some risk. Europeans may not be as accepting of opossum jerky as initial research suggests, so the expansion will proceed in steps. The first step will be to set up sales subsidiaries in France and Sweden (the two countries with the highest indicated demand), and the second is to set up a production plant in France with the ultimate goal of product distribution throughout Europe. Possum Inc.’s CFO, Kevin Uram, although enthusiastic about the plan, is nonetheless concerned about how an international expansion and the additional risk that entails will affect the firm’s…In December 2019, a novel coronavirus outbreak was first documented in Wuhan, China. This virus triggered crisis for the global economy and markets including Ghana. With an escalating number of confirmed cases globally, the World Health Organization (WHO) declared the virus tobe a global pandemic, meaning that it will have a sustained global impact.In order to stop the spread of the Covid-19 outbreak, many countries across the world including Ghana implemented very tough measures such as introduction of travel restrictions, strict lockdown to try to contain the virus. The repercussion of these measures has been a total halt to major industrial production chains and as such affecting government’s tax revenue.Furthermore, some safety protocols such as the use of nose masks, the frequent washing of hands and the use of a 70% based alcohol sanitizer in sanitizing hands and also the practice of social distancing were recommended by World Health Organization to help stop the spread of the…The economic shock associated with the COVID-19 pandemic is likely to be significantlylarger than anything seen since the financial crisis of 2008/09. The spread of COVID-19has already had a high human cost, and, with public health systems struggling to cope,these costs will continue to grow. The policies put in place by governments to slow thetransmission of COVID-19 have led, in many countries, to massive demand and supplyshock. This has led to significant trade disruptions, drops in commodity prices, and thetightening of financial conditions in many countries. These effects have already led tolarge increases in unemployment and underemployment rates and will continue tothreaten the survival of many firms worldwide (Loayza and Pennings, 2020).Government revenues are projected to fall as a consequence of the pandemic because ofdeclining economic activity. As fiscal space is already limited in many countries, there isa danger that policy responses to the crisis will either be…
- QUESTION 1: Which groups benefited most from China imposing an export quota on rare earth metals? Did it give the Chinese domestic manufacturers a significant cost advantage? Did it result in dramatically increased quality and environmental standards? QUESTION 2: Given that 97 percent of rare earth metal production is now done in China, an increase from 27 percent to 97 percent between 1990 and 2010, do you think countries such as Australia, Canada, and the United States should reconsider their environmental restrictions on the production of such metals? QUESTION 3: The restrictions imposed by China on rare earth metals has resulted in some companies (e.g. Toyota, Renault, Tesla) starting to look for alternatives. They plan to use parts that do not include rare earth metals. Is this a good solution?Which of the following is an example of managing economic exposure by flexible sourcing policy? An American company sells its products in Brazil and Portugal. Reduced sales in Brazil due to the dollar appreciation against the “real” can be compensated by increased sales in Portugal due to the dollar depreciation against the euro. If yen is strong, it is preferable for a Japanese company to open a manufacturing subsidiary in the U.S. to produce and sell its products there. An American IT company hires software developers in Ukraine because of the weak position of grivna against dollar. A Canadian company spends a lot of money for research & development activities to improve its reputation and gain more customers.When President Carlos Menem of Argentina took office in 1989, he and his economy minister Domingo Covallo decided that competition from foreign producers would stimulate Argentine businesses to provide better products at competitive prices. To the delight of Argentine shoppers, the import tariffs were lowered and goods began pouring in from all over the world: calculators and copy machines, scissors and automobiles, bicycles, toothpicks – and peaches. When Menem’s new policies took effect, California peach growers responded eagerly to the opening of the new market. Individual growers banded into the California Peach Growers Association to ship their fruit to Edcadassa, the Argentine firm that oversees all imported goods while they await customs clearance at Ezeiza international airport. As supervisor of the Argentine project for the growers association, you were extremely pleased with success of the first few shipments; everything had gone smoothly. Then word came back from…