Econ 103 Ch 4: Page 88 (page 490 in Economics) 1. Define GDP and distinguish between a final good and an intermediate good. Provide examples. GDP is the market value of all the final goods and services produced within a country in a given time period. A final good or service is an item that is sold to the final user‚ that is‚ the final consumer‚ government‚ a firm making investment‚ or a foreign entity. An intermediate good or service is an item that is produced by one firm‚ bought
Premium Inflation Supply and demand Macroeconomics
“Back to Basics.” It’s a look into how excellence in the core logistics and supply chain activities leads to overall business success. The articles in this seven-part series are written by educators from the University of Tennessee. Pictured: Wendy L. Tate‚ Assistant Professor of Logistics‚ Department of Marketing and Logistics‚ University of Tennessee. By Wendy L. Tate‚ Assistant Professor of Logistics‚ Department of Marketing and Logistics‚ University of Tennessee October 21‚ 2010 Globalization
Premium Supply chain management
February 26‚ 2014 Mariana Rangel Celis NU ID 001189394 TA Carlos Casso Homework 5: The Business Cycle‚ Unemployment‚ and Inflation 1. What is the definition of the business cycle? Draw the business cycle model. Identify the 4 phases of the business cycle‚ label the points of interest‚ and show the US economy where it is today. What is the definition of full employment RGDP? (AKA the natural rate of unemployment). What must be true before it can be stated that a country is in a recession
Premium Inflation Unemployment
Chapter 6 Channels of distribution and logistics LEARNING OBJECTIVES By the end of this chapter you will: n n n n comprehend key elements and decisions in distribution channel design be able to evaluate different configurations of channel structure be familiar with recent trends and developments in channels of distribution appreciate the importance of managing the physical flows of products‚ services and information into‚ through‚ and out of the organization to its customers n grasp the
Premium Marketing
ALDI CASE 1.How does ALDI ’s strategy lead to a competitive advantage ? How does the company achieve this strategy? ALDI gains a competitive advantage by several factors. ALDI offers its consumers an excellent value‚ so selling good quality products at a low price‚ thus obtain good market share‚ for example in Germany has a share of about 40 %. With this strategy ALDI and are available to any consumer purchasing power
Premium Cost Marketing Price
Dubai Logistics City Introduction: Dubai Logistics City is part of Dubai government’s development program‚ in 1967 construction began in deep-water harbour‚ initially planned for four berths‚ but after completion it was able to harbour 35 berths. Later‚ a second port was developed in southern part of the city‚ which has become a world’s largest man made port. Dubai Logistics City (DLC) is the world’s first truly integrated logistics platform with all transport modes‚ logistics and value added
Premium Supply chain management Logistics Management
Discuss the growing demand for logistics. (10m) The reason for the rapid growth of the logistics industry can be attributed to the fact that a majority of the companies dealing in logistics operations target clients of medium size instead of targeting the stalwarts of the logistics industry. Nowadays‚ the advance IT technologies had make the internet retail or online shopping is growing rapidly and this will be an increasing source of demand for both large and smaller logistics units. For example‚ Groupon
Premium Low-cost carrier Airline
Introduction to Macroeconomics 1) Which of the following is NOT a topic studied in Macroeconomics? A) gross domestic product B) the unemployment rate C) the price of IBM computers D) the inflation rate Answer: C . 2) Which of the following is a topic studied in Macroeconomics? A) gross domestic product B) the wage of auto workers C) the price of IBM computers D) the amount of pizza produced Answer: A 3) Which of the following is a topic studied in Macroeconomics? A) the functioning
Premium Inflation Economics Monetary policy
CHAPTER 3 Strategic and Financial Logistics © Portions Argee Logistics and Pearson Education‚ Inc. publishing as Prentice Hall Learning Objectives • To appreciate how logistics can influence an organization’s strategic financial outcomes • To review basic financial terminology © Pearson Education‚ Inc. publishing as Prentice Hall 3-2 Learning Objectives • To understand how the Strategic Profit Model can demonstrate the financial impact of logistics activities • To become aware of
Premium Strategic management Balance sheet Financial ratios
Fundamentals of Macroeconomics Paper ECO 372 12/12/2013 The Gross Domestic Product (GDP) This is used to measure the total market value of all goods and services. The value is measure against the total amount produced within a country in a year or over a period of time. There can be issues with the accuracy of the calculations‚ because the Government receives the data which only analyzes the output of goods and services that were reported. There may be circumstances
Free Unemployment Inflation Monetary policy