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Describe the circumstances under which a firm chooses a low-cost strategy to attain sustainable competitive advantage. What about the situations when a differentiation strategy is chosen? Provide specific real world examples. Guided Response: In 300 words or more, please, provide your response to the above discussion questions
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The following function describes how the value of import of country i from country j, Fij is determined: lnFij =−14.44+0.852lnGi +0.178lnGj −1.119lnDij, where Gi is GDP in country i, Gj GDP in country j, and Dij the distance between the two countries. Economists usually convert many aggregate measures of an economy in nature logs. According to the chain-rule dlnx = dx, which measures the percentage change of x. x Hencedlny approximatestheimpactof1%changeofxony,wheretheimpactisalso dlnx measured by percentage. For example, let y be student grade and x study time measured in hours. If y = 0.5x, then dy = 0.5 and one additional hours of study will increase grade by 0.5 point. If dx ln y = 0.5 ln x, then d ln y = 0.5 and 1% increase of study time will increase grade by dlnx 0.5%. Using derivatives to answer the following questions. (a) If country i’s GDP increases by 5% , what is the percentage change of its import from country j approximately? (b) If country j’s GDP decreases by 4% , what is the percentage change of country i’s import from country j approximately? (c) If the distance between country i and j increases by 3% , what is the percentage change of country i’s import from country j approximately? 4. 10 points In year 1 and year 2, there are two products produced in a given economy, cars and beef. Suppose that there are no intermediate goods. In year one, 200 cars are produced and sold at $15,000 each, and in year two, 250 cars are sold at $16,000 each. In year one, 1,000,000 pounds of beef are sold for $7.00 each, and in year two, 1,000,000 pounds are sold for $8.00 each. (a) Calculate nominal GDP in each year. (b) Calculate real GDP in each year, and the percentage increase in real GDP from year 1 to year 2 using year 1 as the base year. Next, do the same calculations using the chain-weighting method. (c) Calculate the implicit GDP price deflator and the percentage inflation rate from year 1 to year 2 using fixed price real GDP using year 1 as the base year. Next, do the same calculations using the chain-weighting real GDP. (d) Suppose that cars in year 2 are better than cars in year 1. That is, cars are of higher quality in year 2 in the sense that one car in year 2 is equivalent to 1.2 cars in year 1. How does this change your calculations in parts (a) to (c)? Explain any differences.
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Teams: Preparing an International Information Systems Management Plan – due in Week 9 Overview The section, working as a team under the leadership of a student Acme CIO and Acme Assistant CIO, will demonstrate competency in information systems management by preparing a draft information systems management plan for the Acme Mexico City store. The plan will be submitted in pdf format except for budgeting, which may be in xlsx format The students will also prepare and present a 10-15 minute business-focused presentation of their plan. At their choice, the presentation may be made either online and live, or by video. Critical thinking, managerial decision-making, cultural understanding, information literacy, problem solving, systems thinking, and technology fluency are required. Assignment The draft information systems management plan will include at least the following topics: An executive summary Stakeholder groups Objectives of the facility’s information systems in terms of how they should support the needs of each stakeholder group How the specific information requirements of each stakeholder group will be met by information systems proposed for the store including their hardware, software, procedures in use, security, and staffing. Training needed by store staff Maintenance of the systems Anticipated future improvements to the systems A planning budget Your section professor may amplify your specific taskings in his or her instructions for this assignment. Your section professor will function as Acme CEO. Your teaching assistant will serve as Acme COO. The student CIO reports directly to the CEO, while keeping the COO fully informed and soliciting guidance from both. I want a draft for information services to ACME.
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For your research paper and presentation, you’ll be researching a topic of your choice concerning global climate change. To help you organize ideas for your topic, you will first develop an outline. Use this outline template to help you build the structure of your paper. Here’s how it will work: Following the numbered steps, fill in the details in the light blue areas below. You may add additional lines as you see fit. Refer to the examples in grey boxes to help you along. By Sunday 11:59 PM (Mountain), upload your completed outline to the Dropbox. ———————————————————————————————————— STEP 1. In one complete sentence, state the topic of your paper in the space below. Example: Renewable energy is a sustainable alternative to fossil fuels. Paper Topic: ———————————————————————————————————— STEP 2. Fill in the main points you want to talk about in your paper. Add more lines as necessary to cover all of your primary topics. Example: I. What fossil fuels are II. How fossil fuels contribute to global climate change III. Solar power IV. Wind power V. Hydroelectric power VI. Conclusion Outline of Main Points: I. II. III. IV. V. ———————————————————————————————————— STEP 3. Copy your main points into the Roman numeral placeholders below. Then add the supporting ideas using the alphabetical list under each main point. Add lines if you have more points to include. Example: I. What fossil fuels are A. Coal and how it’s mined B. Oil and its origins C. Natural gas and how it’s mined II. How fossil fuels contribute to global climate change A. Global warming B. Air pollution C. Water and land pollution III. Solar power A. Advantages B. Disadvantages C. Where and how it’s currently used IV. Wind power A. Advantages B. Disadvantages C. Where and how it’s currently used V. Hydroelectric power A. Advantages B. Disadvantages C. Where and how it’s currently used VI. Conclusion A. Summarize what I learned B. Conclude the topic I. A. B. C. II. A. B. C. III. A. B. C. IV. A. B. C. V. A. B. C. ———————————————————————————————————— STEP 4. Copy the content of your outline so far into the space below. Under each subtopic, add supporting ideas under each. Example: I. What fossil fuels are A. Coal and how it’s mined 1. Brief history of coal mines 2. Primary uses B. Oil and its origins 1. Brief history of petroleum as energy 2. Primary uses C. Natural gas and how it’s mined 1. Brief history of natural gas as energy 2. Fracking II. How fossil fuels contribute to global climate change A. Global warming 1. Signs and symptoms 2. Causes 3. Effects on humans, wildlife, and ecosystems B. Air pollution 1. Causes 2. Effects on humans, wildlife, and ecosystems C. Water and land pollution 1. Signs and symptoms 2. Causes 3. Effects on humans, wildlife, and ecosystems III. Solar power A. Advantages 1. Comes from the sun B. Disadvantages 1. Comes from the sun C. Where and how it’s currently used 1. Solar panels on buildings 2. Solar panels built into urban infrastructure IV. Wind power A. Advantages B. Disadvantages C. Where and how it’s currently used V. Hydroelectric power A. Advantages B. Disadvantages C. Where and how it’s currently used VI. Conclusion A. Summary of what I learned B. Conclude the topic I. A. 1. 2. B. 1. 2. C. 1. 2. II. A. 1. 2. B. 1. 2. C. 1. 2. III. A. 1. 2. B. 1. 2. C. 1. 2. IV. A. 1. 2. B. 1. 2. C. 1. 2. V. A. 1. 2. B. 1. 2. C. 1. 2. VI. A. 1. 2. B. 1. 2. C. 1. 2.
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Design a marketing plan to specifically target one new consumer segment for one product offered by Averitt Express Transportation Company. You are to develop a separate campaign plan that can be added to the main plan already in use at the firm (i.e., not a totally new marketing plan). The firm’s marketing plan defines how they connect with their customers. For this assignment, think of this marketing plan as an addendum to the firm’s on-going marketing efforts. The addendum should be designed to specifically target one new consumer segment for one product offered by the firm. You are to develop a separate campaign plan that can be added to the main plan already in use at the firm. Your marketing plan (about 1,000 words) should contain the sections listed below. This week you are submitting a long essay describing: Introduction: give enough information about the company so that a reader unfamiliar with the firm will be able to understand what follows. At a minimum, describe the current customer base or markets within which the product is currently being marketed. Description of the market (to include economic system) that will be targeted in this new plan. Analysis of firm’s and/or product’s competitive position in that new market. Narrative describing marketing tactics. Narrative describing differentiation from the competition. Marketing Program Assessment: How will the firm determine if the plan is working (i.e., achieving the marketing goals and earning a return on investment)? How does the firm decide whether the funds should be redirected elsewhere?
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Question:
1. All of the following are characteristics of a perfectly competitive market except: A) a large number of sellers. B) perfectly elastic demand. C) a homogeneous product. D) barriers to entry. 2. Perfectly competitive firms are said to be “small.” Which of the following best describes this smallness? A) The individual firm must have fewer than 10 employees. B) The individual firm faces a downward-sloping demand curve. C) The individual firm has assets of less than $2 million. D) The individual firm is unable to affect market price through its output decisions. 3. Consumers don’t care which supplier they buy from in a perfectly competitive market because: A) the outputs of the firms in a perfectly competitive market are all the same. B) the consumers have no choice regarding who they buy from. C) price is always low enough that the choice of supplier doesn’t matter. D) all of the above. 4. The manager of a perfectly competitive firm has to decide: A) the quantity of output the firm should produce. B) the price the firm should charge for its output. C) the quantity of output the firm should produce and the price it should charge. D) neither the quantity of output the firm should produce nor the price it should charge because the market makes both of these decisions. 5. The demand curve faced by the individual perfectly competitive firm is: A) downward sloping. B) upward sloping. C) horizontal. D) vertical. 6. The demand curve faced by the individual perfectly competitive firm is: A) perfectly elastic. B) perfectly inelastic. C) unit elastic. D) elastic or inelastic depending on price. 7. Marginal revenue is equal to: A) the change in price divided by the change in output. B) the change in quantity divided by the change in price. C) the change in P x Q due to a one unit change in output. D) price, but only if the firm is a price searcher. 8. In the case of the perfectly competitive firm: A) marginal revenue equals the market price. B) marginal revenue is greater than the market price. C) marginal revenue is less than the market price. D) marginal revenue is equal to, less than, or greater than market price depending on the level of output. 9. When a firm is producing at the profit maximizing level of out put and P > ATC, the firm is: A) breaking even. B) incurring an economic loss. C) earning an economic profit. D) earning a profit or incurring a loss depending on the level of total fixed costs. 10. A firm encounters its “shutdown point” when: A) average total cost equals price at the profit-maximizing level of output. B) average variable cost equals price at the profit-maximizing level of output. C) average fixed cost equals price at the profit-maximizing level of output. D) marginal cost equals price at the profit-maximizing level of output. 11. When price is greater than average variable cost but less than average total cost at the profit-maximizing level of output, a firm should: A) continue to produce the level of output at which marginal revenue equals marginal cost. B) increase output to minimize its losses. C) reduce output to the level at which price equals average variable cost to minimize its losses. D) shutdown to minimize its losses. 12. Widgets R Us, which is a price-taking firm, is currently producing 250 units of output. The market price is $3 per unit, the marginal cost of the 250th unit is $2.75, average total cost is $3.50 per unit, and average variable cost is $2.50 per unit. What advice should you give Widgets R Us? A) Increase output to reduce losses. B) Continue to produce 250 units in the short run. C) Shut down to minimize losses. D) Decrease output to 200 units. 13. By shutting down when price is less than average variable cost at the profit-maximizing level of output, a perfectly competitive firm will limit its losses to its: A) total variable costs. B) total costs. C) total fixed costs. D) marginal costs. 14. Assume that goods X and Y are substitutes and are produced in perfectly competitive markets. All else constant, in the short run, a decrease in the supply of good X would cause: A) an increase in the demand for good Y. B) a decrease in the demand for good Y. C) an increase in the supply of good Y. D) a decrease in supply of good Y. 15. Assume that goods X and Y are substitutes and are produced in perfectly competitive markets. If there is a decrease in the supply of good X, which of the following will happen in the market for good Y in the long run? A) Firms will exit, causing market price to rise. B) Firms will enter, causing market price to fall. C) Price will be higher at the new long-run equilibrium as a result of entry into the market. D) The firms that were already in the industry will continue to earn positive economic profit.
Deadline: August 31, 2016, 8:43 pm
View this question here: https://www.coursehero.com/qa/expert/view_question.php?question_id=9736517
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Business
Price: $4.00
Question:
Design a marketing plan to specifically target one new consumer segment for one product offered by Averitt Express Transportation Company. You are to develop a separate campaign plan that can be added to the main plan already in use at the firm (i.e., not a totally new marketing plan). The firm’s marketing plan defines how they connect with their customers. For this assignment, think of this marketing plan as an addendum to the firm’s on-going marketing efforts. The addendum should be designed to specifically target one new consumer segment for one product offered by the firm. You are to develop a separate campaign plan that can be added to the main plan already in use at the firm. Your marketing plan (about 1,000 words) should contain the sections listed below. This week you are submitting a long essay describing: Introduction: give enough information about the company so that a reader unfamiliar with the firm will be able to understand what follows. At a minimum, describe the current customer base or markets within which the product is currently being marketed. Description of the market (to include economic system) that will be targeted in this new plan. Analysis of firm’s and/or product’s competitive position in that new market. Narrative describing marketing tactics. Narrative describing differentiation from the competition. Marketing Program Assessment: How will the firm determine if the plan is working (i.e., achieving the marketing goals and earning a return on investment)? How does the firm decide whether the funds should be redirected elsewhere?
Deadline: August 31, 2016, 8:44 pm
View this question here: https://www.coursehero.com/qa/expert/view_question.php?question_id=9736521
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Economics
Price: $2.50
Question:
When a company is profitable, there is always the threat of new competitors. The market structure may deter new entrants. For example, if there is a significant investment required to enter the market, competition may be minimal. However, if the investment to start a business is minimal, the threat of new entry is substantial. Managers can use different techniques to differentiate their companies from competitors. In the following discussion, consider the strategic techniques a manager might use to accomplish this differentiation. Which strategy is better, in your opinion: high-quality or low price? Explain your reasoning.
Question:
Prepare: Prior to beginning your journal this week, complete all course readings and assigned videos, review the Week Two Instructor Guidance, and the Discussion, “Policy and Your Life.” It would also be helpful to review last week’s readings. Reflect: Once you have completed these assignments think about how American politics have and could affect your career aspirations. The Founding Fathers created a governmental structure that affects almost every aspect of our lives even today. For instance, if you are a criminal justice major, what parts of the U.S. Constitution are applicable to what you are learning in your major? If you are a business major, which branch of government – executive, legislative, or judicial – has, or will have, the greatest influence on your business ambitions? If you are a healthcare major, how does separation of powers in the U.S. government affect the operations of most economic, social, and political processes throughout the United States? Also, think about how federalism and the U.S. Congress have affected or will affect your life. The federal structure ensures that there is a clear line between local, state, and federal government regulations, policies, and oversight—sometimes! Think about how federal statues affect your work or will affect your work in the future. Does Congress have oversight of any of the processes or products in your workplace? Do the government regulations, policies, and oversight sometimes conflict with local or state regulations, policies, and oversight? Write: As you reflect on the information you learned this week, write in your journal, based on your current major and/or desired job, two detailed paragraphs about the following: How a federal policy affects your current or desired workplace. What role Congress has played in establishing workplace conditions in your current or desired job. Your journal response must be a minimum one page, double-spaced. Justify your conclusions with facts and persuasive reasoning. Fully respond to all parts of the question and write your response in your own words. Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment
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Economics
Price: $2.50
Question:
Firm 1 is a member of a monopolistically competitive market, Its total cost function is C=900+60Q1+9Q1^2. The demand curve for the firm’s differentiated product is given by P=660-16Q1. The demand curve for the firm’s differentiated product is given by P=660-16Q1. (1) determine the firm’s profit-maximizing output, price, and profit. (2) Attracted by potential profits, new firms enter the market. A typical firm’s demand curve (say, firm 1) is given by P=1,224-16(Q2+Q3+…..Qn)-16Q1, where n is the total number of firms. (If competitors’ outputs or number increases, firm 1’s demand curve shifts inward.) The long-run equilibrium under monopolistic competition is claimed to consist of 10 firms, each producing 6 units at a price of $264. Is this claim correct? (Hint: for the typical firm, check the conditions MR=MC and P=AC). (3) Based on the cost function given, what would be the outcome if the market were perfectly competitive? (Presume market demand is P=1,224-16Q, where Q is total output.)Compare this outcome to the outcome in part (b).
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Question:
For this week’s eActivity, research one (1) publicly traded company in which you are interested using the Internet and/or Strayer databases. Review its most recent statement of cash flows and income statement on the company Website. Be prepared to discuss. Outline a strategy for companies to spend excess cash and maximize the value of that spend. Provide a rationale for your response. Compare and contrast the selected company’s statement of cash flows to its income statement. Suggest at least two (2) items from each statement that investors should analyze when deciding whether or not to purchase the company’s stock. Justify your response
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