Demand chain management

Morath). The demand of trucks has increased because of consumers taste and preference. Furthermore, if an economist calculated the cross-price elasticity between gasoline prices and pick-up trucks, it would be negative. It would imply that gasoline and trucks are complements. In others words, if gasoline price increases, the demand for trucks would decrease and if the gasoline price decreases, then the demand for trucks would increase. The effect of lower gasoline prices on the demand for…

The article, “Is Uber Bad For The Environment In NYC,” by Ben Adler discusses the impact of the new popular form of transportation called Uber that is popping up all over the United States. Uber is believed to be both useful for humans, as well as beneficial for the environment. Some ways that Uber is beneficial for users include: Uber is cheaper and more readily available than traditional cabs, it makes it much easier for people to get by without having a car, it is becoming more appealing for…

Pure Capitalism is a free enterprise economic system based on the private ownership of individuals. Pure Capitalism is not (is) the best form of government in today's society. There are three main supporting reasons why pure capitalism is not (is) the best government. Starting off, a pure capitalist country is not okay because it doesn't have government intervention. This means that the government is laissez faire. The first supporting reason for why a pure capitalist economy is the best, is the…

I often encounter anchoring bias during decision making. I often make an assumption based off a piece of information, rather than taking all facts into consideration. For instance, when shopping I quite often fall for marketing and sales tactics to get me to pay more for an item, when I may think I am getting the best deal. For instance, before I go shopping I like to budget myself telling myself I can only spend so much. Anything below my budget is the best deal and most likely what I will…

Expanding quantities of two-wage family units is a monetary pattern in the United States. People put a premium on time. Enhanced client benefit, prompt accessibility, inconvenience free operation of items, and reliable support and repair administrations are turning out to be more essential. Individuals today are more ready than any time in recent memory to pay for good administration in the event that it limits burden. Financial elements directly affect the potential engaging quality of…

Problem Statement: Ralph and Jody go to the shop to buy candy bars and potato chips. Ralph buys 3 bags of potato chips and 4 candy bars. The potato chips and candy bars cost 3 dollars and 75 cents for Ralph. Jody buys 4 bags of potato chips and 2 candy bars. The potato chips and candy bars cost 3 dollars for Jody. Later, Clancy asks to buy 1 candy bar and one bag of potato chips from them. How much should he pay? Ralph writes 3p + 4b = 375. If p stands for the cost, in cents, of a bag of potato…

consumer power (demand) that the supermarket create provide the supermarkets with a “Prime Real Estate” power. As she points out, “Which products get the prime space? Stores also collect revenue by “renting” real estate to the companies whose products they sell. This unsavory system puts retail food stores in firm control of the marketplace”. This provide supermarket with a powerful tools to be able to control Supply and…

Correlation (or association) is when two different factors react similarly to one another because of a connecting variable, but are not occurring as a result of one another. Causation is when a change in one factor results in a corresponding change in another factor. An example of a positive correlation is ice skating and the avalanches. It would be weird if ice skating was a cause of avalanches. An actual cause of both of those things that link them is the cold weather. Between correlation…

Q5. Discuss whether Rentberry can improve fairness of the housing rental market. (2 mark) The rentberry app does not create fairness to consumers as it creates inequality between different income class levels. High-income earners have an advantage whilst low-income earners are at a disadvantage. Low income earners have a low chance of winning an auction for rental properties due to being outbid by high income earners. On the other hand, high income earners have a higher chance of winning an…

-On average, the nation’s heavy rail lines carry almost five times as many passenger miles per route mile as the nation’s light rail lines. -City Block Trains running in city streets can be no longer than the length of a city block; otherwise, they would obstruct traffic every time they stop. A typical light rail car is a little more than 90 feet long. -Platform Heavy rail lines can run trains as long as the platforms at each station. Longer trains mean more capacity. The effectiveness of new…