the fixed cost structure8. I think that if this was a recurring order, I strongly suggest using the fixed cost structure since the fixed cost are taken care of already regardless of the special order and will only rise if it is out of the relevant production range. This can be seen by the higher contribution margin using the fixed cost structure. I would suggest avoiding the special order under most circumstances if there is no excess capacity because the company would lose $40.59 per burger…
According to the capitalist, human beings are in essence gluttonous, self-interested beings who can only be forced to act with the assurance of financial gain. This understanding has it that free market capitalism is a natural side effect of this avarice, this social-Darwinist hunger for supremacy and materialism, and that any system that disregards this imperative “human nature” is censured to proletariat misery. When we remove the capitalist industrialist lenses, Marx says that we can examine…
Henry Ford, founder of the Ford Motor Company, popularized Fordism in the 1920’s. Signifying the development of mass production and the establishment of what is now recognised as consumerism. Ford developed the model of mass production, changing the way products were manufactured, simplifying tasks and reducing the necessity for skilled workers in labour roles and introduced management positions to the manufacturing industry. A fundamental principle Henry Ford pioneered was that product…
believed that capitalists would do everything in their power to find the cheapest labor, without taking the workers needs into consideration. “By focusing on the forces of production, Marx was able to predict historical trends…”(Reader, 2013:113). We can see this holding true, for companies are outsourcing and moving a lot of production out of the United States to countries with poorer economies and populations. The exploitation had been expanded on a larger scale. Marx believes that this…
quality control on its suppliers at all stages of production. Effective Supply-chain Management The supply chain consists of various organizations involved in transferring a product from raw materials and into a finished product delivered to the customers (Hitt, Black, and Porter 377). Managing supply chain is critical for a company. Mattel’s complex supply chain involved in making a toy makes it different to manage the whole process of production. Its supply chains involve suppliers (raw…
The movie Norma Rae is about the struggle of a union employee and a factory worker, whom the movie is named after, to bring fair treatment to a factory that had been taking advantage of its workers. A factory on the brink of unionization and the conflict brought about from the struggle for a job that treated the workers like people and not just disposable parts is what drives this movie. The organization in this movie, the textile factory, shows us an insight into the different metaphors in…
For this essay, I will be answering question three. Socialism is defined as the political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. In layman’s terms, socialism is an ideology that focuses on the community and a society in which everyone contributes into making and sustaining a home for all. This is talked about widely through the political spectrum with people…
In the video “Not Just A Paycheck,” the video talks about the connection between unemployment and higher rates of health issues. Some of these health problems include; stroke, alcohol abuse, heart and kidney disease, suicide and homicide. Moreover, the video talks about how the closing of a manufacturing plant in Greenville, resulted in a rise in the number of health issue caseloads within local hospitals. In addition, professor Harvey Brenner predicts that there will be a rise in deaths due to…
When some people think of manufacturing in India, they imagine people working in crowded wooden huts, building largely outdated products, and lacking any sort of technological aid. However, what many fail to realize, is that this idea of Indian manufacturing is as outdated as India 's near century old labor laws. Indian manufacturing has progressed immensely in recent years. Even with India being projected to become a major worldwide manufacturing power by 2025, some still believe that the…
Have you ever just taken a step back and thought about how much our perception of what being a celebrity entails has changed in the past 20 years? Where will we stand 20 years from now? Take a look at Oprah Winfrey and Kim Kardashian for example; besides the obvious differences in their upbringing and how they both made their way into stardom, they are also very different in how they maintain their celebrity status. As stated in Broadcasting Yourself by Drew Pinsky “the explosion of reality T.V…