SUBJECT: MICROECONOMICS (ECO 162) ASSIGNMENT 2 QUESTION 1 ACCORDING TO THEORY OF DISTRIBUTION‚ EXPLAIN HOW DOES WAGE IS DETERMINED? Certainly the market demand and supply of these factors. In other words‚ wages‚ rent‚ interest and profit are determined by the supply and demand of the respective factor or resource. This is explained by the concept of marginal product (MP) or marginal physical product (MPP). For example: labor and wages. In this case MP and MPP refer to additional
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The bricks encompassing the water narrow the water allowing it to fit through the pipes. 2) Why does the engineer Vitruvius recommend a three part water distribution in a town? A three part water distribution system was recommended by Vitruvius in towns‚ due to several reasons. The primary reason behind this logic was that water distribution would much easier and effective. Pipes were used for each connecting tank‚ allowing water to flow between
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Panadol mainly need wide distribution since the consumers do not want to go and seek everywhere for medicine when they need it. They need the products of Panadol to appear everywhere and it large amount so it is easy for them to purchase for their emergencies. For the case of medicine‚ the service level required is not so high. Therefore‚ based on the customers’ needs‚ the objectives of the Panadol Company regarding the distribution channel will have to be wide distribution. Their products must be
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magazines. Magazine catalogs offer a way to shop without leaving your home as well when you pay by check or credit card. People love to spend money and the easier it is to spend money the more willing they are to do it. So which distribution method is best? The direct distribution system in one method and has several subsystems. One distinction between direct systems and indirect systems for example‚ is that in direct systems the marketer does the research themselves. But in indirect systems the marketer
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Physical Distribution Management Part of logistics management‚ physical distribution is concerned with the transporting of merchandise‚ raw materials‚ or by-products‚ such as hazardous waste‚ from the source to the customer. A manager of physical distribution must also assess and control the cost of transporting these goods and materials‚ as well as to determine the most efficient way to store them‚ which usually involves some form of warehousing. Hence‚ physical distribution (PD) is concerned with inventory
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Research Paper: MEANING OF TOURISM DISTRIBUTION CHANNEL -is an operating structure‚ system‚ or linkage of various combinations of organizations through which a producer of travel products describes‚ sells‚ or con firms travel arrangements to the buyer. 1.2 Channels of Distribution -are similar to those of other basic industries such as agriculture or manufacturing. Their products flow to the ultimate consumer through wholesalers‚ distributors‚ and middlemen. While there
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Apple Distribution and Channel Management : Describe the channel strategy in place‚ give your opinion about its effiency and describe how to could be in the 10 coming years. The company Apple sells lots of technologic and innovative goods and services‚ like the famous iPhone‚ iPod or Macintosh. The success of this firm is due to the innovation‚ an excellent communication‚ design‚ the ease use‚ and in other hand due to the adapted channel distribution strategy. As we can see‚ Apple Products aren’t
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Forced Distribution Method Forced distribution is a form of comparative evaluation in which an evaluator rates subordinates according to a specified distribution. Unlike ranking methods‚ forced distribution is frequently applied to several rather than only one component of job performance. Use of the forced distribution method is demonstrated by a manager who is told that he or she must rate subordinates according to the following distribution: 10 percent low; 20 percent below average; 40 percent
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Working with your new boss Your new boss will have more impact than anyone else over whether you succeed or fail. Your boss establishes benchmarks for your success‚ interprets your actions for other key players‚ and controls resources you need. Building a productive working relationship with him or her while you establish your mandate and negotiate for resources is a clear early priority. Defining your goals When you think about working with your new boss‚ keep the following goals in mind:
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“Wegman’s Distribution System Case Study 1.) What are the major components of Wegman’s distribution system? As being said‚ Wegmans Food Markets‚ Inc.‚ is one of the premier grocery Chains in the United States that employs over 37‚000 people and has annual sales of over $3 billion. It is also known for it render customers high product quality and excellent services and is a major regional supermarket chain‚ and one of the largest private companies in the U.S.‚ and has strong employee benefit
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