Homework Set for Week 12: Answers Ning Gong Q1: Multiple Choice Questions: 1. Severe imperfections in the labor market arise from immobility of workers due to immigration barriers. As a response‚ firms should consider a) Moving to the workers. b) Moving to countries where labor services are the lowest in absolute terms. c) Moving to countries where labor services are underpriced relative to productivity. d) Hiring illegal immigrants. Answer: c) 2. Japan plays a major role as an exporter
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Do companies creating products and solutions have a responsibility to consider the effects of these products on society? The popular answer would be yes. Every day‚ we see brand development benefits that arise out of an organizations CSR initiatives‚ we cannot argue against their contribution to a company’s profits. Milton Freidman states that the only social responsibility a business has is to increase its profits. It sounds crude and carries an unpopular view in today’s world. But the simplicity
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complete product safety? Discuss. Although a firm can assure that a product is safe through design‚ a firm cannot guarantee complete product safety to the consumer. For example‚ Conair‚ a producer of electric hair dryers‚ includes illustrated tags warning the user not to use the product near water. However‚ it is possible that a product goes out the door with bad wiring and causes an electric shock to the user. A firm can and should take every precaution and effort to ensure product safety from
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Company Background The Australian Pineapple Products Exporting Company (APPEC) was incorporated in Central Queensland‚ Australia by a group of 10 top pineapple-growers and merchants (5 large individual growers‚ 1 large fruit merchant already exporting‚ 4 packing sheds representing groups of growers). These 10 pineapple-growers are among the best operators from each of the four main pineapple-growing districts‚ Central Queensland‚ North Queensland‚ Southern Queensland‚ and the Wide Bay area near
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Product Life Cycle stages Examples Decline: Hindustan Motors Ambassador HM decides to increase sales of their age old classic model – Ambassador in the country. They are planning to sell 12‚500 units this year with the introduction of their new fuel efficient engine. This engine will be compliant with the Bharat Stage 2 & 3 emission norms. It’s probably delivering the mileage of 16 km/l against a 11 km/l mileage from the existing diesel engine. Hindustan Motors plans to invest Rs 6 crores in
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Consider the role and status of victims in the criminal justice system There can be more than one way to define a victim‚ in one instance it’s believed that a victim is someone that has been harmed physically‚ emotionally and/or economically harmed by incriminating actions perpetrated by another being. (Karmen 2010) It can be argued that the family of the offender is in fact a victim too. In the sense that family and friends may experience the lost of a family member or a friend‚ if they were
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Product Life Cycle of Compact Disc Introduction: Compact disc technology is one of the fastest growing industries of all time. Compact discs became popular in the early 80’s due to its ability to offer increased audio performance over traditional magnetic recording media. In 1983 over 30‚000 players and 800‚000 discs were sold. By 1990‚ this number had grown to a staggering 9.2 million players in the U. S.‚ and close to 1 billion discs worldwide. In 2004‚ the annual worldwide sales of CD-Audio
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Brita Products Company‚ I have come to the decision that the company should focus on producing and marketing table top pitchers. I’m not saying they should not produce faucet mounts‚ considering the fact that number of people using faucet mounts are steadily growing. But if you see the exhibition provided on the back of the article‚ you can see that majority amount of consumers in the market prefer using table-top pitcher rather than faucet mount system. In addition‚ the Brita Product Company has
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jewelry company in the industry‚ Tiffany & Co.’s strategy is create a premium image and establish a newly renovated industry to target relatively youngercustomers. Also‚ they have a number of competitive advantages‚ which include high customer satisfaction‚ in-trend jewelry designs that are more favored by young generations‚ and broad distribution capacities.
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Status and Role There is a variety of statuses‚ all serve different meanings. Master status is something that you were born with. Race‚ age‚ and sex‚ are all examples of your master status because these are all things you cannot change. Ascribed status is one is born with or assumes involuntary in life. Race‚ sex‚ age‚ religion born into‚ son‚ and sibling are some examples of ascribed status. Achieved status is a status one earns examples are friend‚ coach‚ athlete‚ and student. Giving more examples
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