Supply and demand

Michael Porter’s 5P model: In order to determine market attractiveness, in 1979 Michael Porter invented 5P model. These 5 forces he thinks are crucial in determining market attractiveness. This help us in doing the competitive analysis of market. This also helps us in MESO analysis of the market. It determines competitive intensity among the market. Competitive intensity depends on certain factors such as lots of/less competition, industry growth potential, product differentiation, exit…

scheduling of every operational aspect of the company. The main focus of competitiveness is the reduction in overhead, which will allow Railex to offer a more competitive pricing structure to its customers, or increase their overall profit margin. Supply-chain management will also increase through the use of better processes which will help Railex remain competitive with their just-in-time style of order processing and ability to fine tune cross country shipping and the highest use of their…

Economic anthropology In the past, anthropologists have studied a variety of economic systems. Subsistence economies are some of the simplest forms of economic systems and can be divided into groups such as food foragers, horticulturalists, pastoralists and agriculturalist. The context of this essay will compare and contrast food foragers and horticulturalists. Economic anthropology is the study of the social and cultural basis of economic behaviour(Wolf, 1997). It is also the study that looks…

4.2.4 Effect of Feed flow rate (Fgr) on Product Distribution An increase in the flow of gas oil means an increase in the velocity of the gas oil feed, also a decrease in the residence time of the gas oil in the riser; hence a rise in the conversion of gas oil and yields of the products is expected(Akpa et al. 2010). When the flow rate of gas oil is increased, there is an increase in the heat inflow into the reactor, rate of cracking reactions are high, feed also spends less time in the reactor…

1. Analyze Deo market and Dry Idea's Place in it. What drives the category from the consumer behaviour point of view? The US market for underarm products have grown to 506 million units, consisting over $1 billion in sales by the year 1983. The categories of the product were: • Deodorants – consisting of 25% sales and provided for only anti-odour protection • Antiperspirants– consisting of75% sales and provided effective deodorancy and protected against perspiration wetness There were four…

3.0 Hypothesis I assume that as the solution is treated with higher amount of fertilizer, the Spirulina cells will reproduce better and survive for longer time as there will be higher amount of nutrients supplied. Therefore, it is assumed that the Spirulina-concentration of the trials treated with 1.0mL fertilizer will be higher than those treated with 0.5mL or 0.0mL. Although wastewaters contain elements which are vital for the Spirulina growth, as it contain other unknown substances as well,…

The neoclassical economic model gives an exceptionally fulfilling clarification of why parties are willing to join hands and enter into a contracts. Parties enter into contracts with their own free will without any coercion. Hence each party will enter into a contract only if its anticipated benefits are greater than the expected costs. For example assume that a house owner offers to pay a painter $5,000 to paint her home. The house owner must expect the value of the benefits she receives from…

occurred through the airline industry theses regulation however were lifted and the policies were more open. The supplier concentration theory is one of Porters five forces in which it suggest that the supplier influence, refers to the the excessive demand that suppliers can exert on business. This can be by suppliers raising prices of services, minimising the quality of the services that they do provide, or through their reduction of the availability of services. Supplier concentration is one…

Who wants to receive more money for their work every hour? Everyone would love a larger reward for their work, but it would produce an outcome that would not be beneficial. Although the current federal minimum wage is $7.25 an hour, 29 states have a minimum wage higher than that. Presently in the United States, over three million workers receive minimum wage or less ("Characteristics of Minimum Wage Workers, 2014"). Those workers receive a yearly salary of about $15,080 at minimum wage.…

Henry David Thoreau, an American philospher and naturalist once stated that "The price of anything is the amount of time you exchange for it." I have to say that I agree with Thoreau's statement and I have proof to show you why. Let's take the work enviroment for example. If you have a job where you get paid by the hour, you can get paid for doing overtime. Depending on how much extra time you put in, the cost measures. The measures of the cost can be determined by how much you get on your…