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One difficulty of moving a small business from a traditional retail store to an online store is channel complications. In many cases, everything has to be reconsidered. For example, how will you communicate with your customers? How will they find product information? How will you accept orders? Manage payments? Shipping? These questions and many more have kept Harrison Kirby from making the e-commerce plunge. Harrison runs a local golf course with a shop of around 150 products. He would love to have a website that would facilitate e-business for his golf course. He wants online scheduling of tee-times (including coordination of group play), online shopping, and social network integration. Below you will find a letter from Harrison explaining what he would like for you to do. Hi! I have an interesting project for you. I am interested in an online presence for my golf shop. Specifically, I want to offer a few (less than 150) products online for in-store pickup or delivery. I would also like online scheduling of tee-times. I want you to search the web for companies that provide this type of product. Ultimately, you may recommend a combination of providers to accomplish all that I am trying to do. For example, your final recommendation may include a web hosting solution, logistics provider, and a CRM tool (Customer Relationship Management). Or perhaps you will find product that can be customized to provide all the functionality in one piece. Keep in mind that my shop is a small business and I do not have resources to manage a complicated system. I needs something that is fairly easy to implement, use, and manage. I have heard of online, cloud, as-as-service platforms that do not require local hardware. I think that this type of setup would be most useful to me, but I have no idea on the type of software I should use to support my business. After you complete your research, please send me a report with the following items: overview of the companies you learned about, your selections (and why you chose them), and how you feel this will help me accomplish my goals. I am very excited to see your work.
Assume that equilibrium GDP (Y) is 5,000. Consumption (C) is given by the equation C = 500 + 0.6(Y - T). Taxes (T) are equal to 600. Government spending is equal to 1,000. Investment is given by the equation I = 2,160 - 100r, where r is the real i..
Juan’s demand function for ice cream cones is QdJuan = 20−5P at prices below $4, and zero at prices above $4. Emily’s demand function is QdEmily = 6 − 2P at prices below $3, and zero at prices above $3.Graph the market supply curves when there are 50..
After two quaters of increasing levels of production, the CEO of Canadian Fabrication and Design was upset to learn that, during this time of expansion, productivity of the newly hired sheet metal workers declined with each new worker hired. Explain ..
Tom earns $15 per hour for up to 40 hours of work each week. He is paid $30 per hour for every hour in excess of 40. Tom faces a 20 percent tax rate and pays $4 per hour in child care expenses for each hour he works. Tom receives $80 in child support..
If there are fixed costs of production in a competitive industry, the q that solves the firm’s first-order condition
A consumer's utility is given by U(X,Y)=X^0.25*Y^0.75. (To be clear, ^ denotes exponentiation, so the utility function is X to the 0.25 power multiplied by Y to the 0.75 power.) Given this utility function, MUx=0.25X^(-0.75)*Y^0.75, and MUy=0.75X^0.2..
Many professionals believe it is impossible to regulate ethics. Yet, the SEC and other federal agencies provide rules, regulations, and laws surrounding corporate
Describe the Stolper-samuelson theory of trade. How does it differ from the factor endowment model? What are its predicted effects on wage-inequality in (a) industrialized countries that are capital abundant and (b) developing countries that are labo..
“The factor-price equalization theorem indicates that with free-trade the real wage earned by labor becomes equal to the real rental rate earned by landowners.” Is this correct? Why or Why not? Explain.
Factors that cause a shift in the aggregate demand curve are the following although the list is not exhaustive. Any change in the components of aggregate expenditure. When consumption expenditure, investments expenditure, government expenditure, and ..
Use an aggregate demand and aggregate supply diagram to illustrate and explain how each of the following will affect the equilibrium price level and real GDP: Consumers expect a recession. Foreign income rises.
There are 2 firms in the yoghurt market, Dannon and Yoplait. They produce yoghurt using milk (M) and capital (K) according to the production function. Compute the short run cost functions of Dannon and Yoplait. Derive the equation of the market short..
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