ME Assignments‚ TERM-1 ➢ LAST DATE OF SUBMISSION- 20.09.12 Roll no. Questions 12DM001 1.If the market demand curve is given by QD=15-8P and the market supply curve QS=2P‚find the equilibrium price & quantity graphically & mathematically. 2.Suppose the technology to manufacture computers improves but due to some recession in the economy ‚the income of the consumer falls. Assuming computers to be normal good‚ what will be the equilibrium price & quantity
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Describe why CRM is so important in managing supply chains. Use an example in your discussion Knowing your customers means knowing who your customers are‚ what their needs are‚ and the means by which you communicate with them. CRM plays a very vital role in supply chain management because it tells the organization what kind or customer they are dealing with in the market and what their expectations are from the product. CRM system does feed the supply chain planning. For example‚ Apple know what
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3. Demand and Price Elasticity It is important to understand how price changes affect the demand of fast food especially for firm like McDonald that operates in a Monopolistic Market. When McDonalds offers its discounted Value Meal during lunch and dinner hours‚ the demand for McDonald’s products will increase. According to the law of demand‚ other things equal‚ the quantity demanded of a goods increases when the price of the good falls. (N.Geogory Mankiw et al.‚2013). A change in price will affect
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Benetton more expensive than in H&M or Zara. Stores of Benetton usually very big 1500-3000sq meters‚ so they can display full range of products‚ moreover they have one small collection that remain the same throughout the season. Dual supply chain system helps to keep the supply up with demand and satisfy customer’s needs. H&M H&M (Hennes & Mauritz) was in the beginning just Hennes what means “for her” in Swedish. This shop of clothes for women was opened by Erling Persson in 1947‚ later after buying
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time to failure is as long as 1 year but they are very expensive. Each part can cost at least $100‚000. Hence the parts are very costly to hold as inventory. The firm is looking for a supply chain solution that can meet its needs. (a) What is the competitive strategy if you want to service this firm? (b) What supply chain infrastructure and flows do you think would be appropriate to service this customer? You will need to justify your recommendation. (You can surf the internet to get some ideas
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Elasticity and Supply & Demand Fill in the matrix below and describe how changes in price or quantity of the goods and services affect either supply or demand and the equilibrium price. Use the graphs from your book and the Tomlinson video tutorials as a tool to help you answer questions about the changes in price and quantity Event Market affected by event Shift in supply‚ demand‚ or both. Explain your answer. Change in equilibrium Frozen orange crops in California Orange juice Supply (left)—Not
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1. Amazon.com‚ Peapod‚ Dell‚ and many furniture manufacturers use push-pull supply chain strategies. Describe how each of these companies takes advantage of the risk-pooling concept. To better understand the strategies used by the three (3) companies and furniture manufacturers‚ the definition of Push or Pull is established below: Push Strategies – when the manufacturer uses its sales force and trade promotion money to induce intermediaries to carry‚ promote‚ and sell the product to end users.
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of fish means there is a low supply of fish and therefore the demand increases which accounts for the increase in price. The additional information that is needed to construct a measure is why the meat price decreased. One possible reason is there could have been an influx of meat that forced the price to be lowered because there was simply too much meat at the end of the year the price decreased in order to get rid of the surplus‚ the demand went down and the supply went up. 1. Define
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PI No Lua Lee Hui M0902119 Mohamed Idris Gurney K0901115 Ng Kong Yuan David M0901042 C O N T E N T S P A G E Question 1 3-9 Question 2 10-13 Question 1 14-16 References 17 Question 1 (a) Issue The case study evolves on Shaun‚ being the offeror‚ and three interested parties‚ being the offerees‚ on whether they have a valid
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ENTRY MODES The choice of entry mode can be based on the expected contribution to profit. Choosing the right market entry mode(s) is one of the most decisive factors that can influence company’s success in a foreign market. Export modes 1In establishing export channels Carlsberg has to decide which functions will be the responsibility of external agents and which will be handled by the firm itself. While export channels may take many different forms‚ for the purpose of simplicity three major
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