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Question 1: Price Controls
In some cases, the market system is not the best. One reason for this is that for some goods and services, such as health care and defense, people do not like the outcome of the market system. Another reason is that the market system is inefficient under some circumstances. When the market is not the best system, the government is often called on to allocate resources and goods. A price ceiling is a government mandated maximum price above which legal trades cannot be made. A price floor is a government mandated minimum price below which legal trades cannot be made. (a) What are some negative effects of price ceilings and price floors? (b) Explain with economic reasoning what would happen to the supply of health care services if the government put a price ceiling on the health care prices.
Question 2: Application of Supply and Demand Principles
Discuss three possible solutions for reducing traffic congestion on heavily used freeways (highways). Be sure to explain what effect each would have on the supply and/or demand for freeway space.
Write a paper that defines supply chain management and describes how Starbucks has effectively used this process to lower costs and remain at the highest level when it comes to the quality of their products.
You will also experience the Bull-Whip Effect as you practice in the EBBD simulation - What feedback would you like to have, specifically, as you determine your weekly orders for Kentucky Swamp Brew? How would get such information?
What products or services of the company are you analyzing and how are these products made or services provided?
In what way can improper incentives lead to lack of coordination in a supply chain?- what counter measure can be used of offset this effect?
The role of inventory in supply chain management
Identify logistics management strategies that enable Zara to become so successful - How can Zara maintain its competitive advantage, here the concept of sustainability may be introduced?
How the Airline Industry can improve the processes of handling baggage and flight planning. Improvements to the luggage process could be achieved by the use of RFID and other technologies to achieve six-sigma.
Customer service is often the key link between logistics and marketing within an organization. Define and discuss the Marketing/Logistics interface. What role does logistics play?
Challenges and communicational issues arise between multicultural employees and to assess as to why and what is the reason behind these challenges there was a detailed analysis that was conducted on Adams Couture to find out the real reason behind th..
During busy periods of the day, when nine customers on average arrive per hour, all three stylists are on staff.
Explain the advantages and disadvantages of the supply chain used in the Japanese auto industry before the March 11 earthquake and tsunami.
How do you make sense of the teams decline Discuss and Can Wilde turn the team's performance around in two years?
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