ECON Price Elasticity of Demand

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ECON Price Elasticity of Demand

1,Price Elasticity of Demand

Think of three goods for which the demand is inelastic with respect to price. Do these goods ever go on sale? Does understanding the relationship between elasticity and total revenue help you understand why some goods go on sale and others don’t? Share your thoughts.

2,Junk Food and Government Action
Recently there has been discussion in the news about taxing junk food (soft drinks, for example) in an effort to reduce the incidence of obesity in the U.S. Do you think the demand for junk food is elastic or inelastic with respect to price.

Based on your knowledge of the price elasticity of demand, do you think the deadweight loss of a soda/junk-food tax would be relatively large or relatively small? Why? Do you think taxing junk food would be a good idea? Based on your analysis, would it really help reduce the number of obese people in the United States? Explain.

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Spanish Question

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Spanish Question

Think about the last time you went to the movies and answer the following three questions in complete sentences: (one sentence)

¿Cuándo fuiste al cine por última vez?

¿Fuiste en auto, en autobús o en bicicleta?

¿Fue una película de terror, de acción o un drama?

then answer these three:

¿Con quién fuiste?

¿Fue una de las mejores películas que viste?

¿Cómo fue la película?

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How can HRMs use metrics to measure the success of the recruiting and selection processes?

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How can HRMs use metrics to measure the success of the recruiting and selection processes?

Question 2: Internal vs External Recruiting

Part A: Define and discuss INTERNAL vs. EXTERNAL recruitment practices. What are the tradeoffs of each approach? Include in your discussion an example of a situation in which each of these approaches might be particularly effective.

Part B: Discuss an example of when internal recruitment would not be effective or feasible. Then, provide an example of a situation in which an external candidate should not be considered for a position. Explain your opinions. Be sure to include an expert’s ideas (with proper citations) to support your argument.

Question 3: HR Metrics

Review some of the examples of metrics included in this week’s reading. How can HRMs use metrics to measure the success of the recruiting and selection processes? List 3 metrics that you view as most relevant. Explain your opinions. Be sure to include an expert’s ideas (with proper citations) to support your argument.

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Define and discuss INTERNAL vs. EXTERNAL recruitment practices.

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Define and discuss INTERNAL vs. EXTERNAL recruitment practices.

Question 2: Internal vs External Recruiting

Part A: Define and discuss INTERNAL vs. EXTERNAL recruitment practices. What are the tradeoffs of each approach? Include in your discussion an example of a situation in which each of these approaches might be particularly effective.

Part B: Discuss an example of when internal recruitment would not be effective or feasible. Then, provide an example of a situation in which an external candidate should not be considered for a position. Explain your opinions. Be sure to include an expert’s ideas (with proper citations) to support your argument.

Question 3: HR Metrics

Review some of the examples of metrics included in this week’s reading. How can HRMs use metrics to measure the success of the recruiting and selection processes? List 3 metrics that you view as most relevant. Explain your opinions. Be sure to include an expert’s ideas (with proper citations) to support your argument.

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Discuss an example of when internal recruitment would not be effective or feasible.

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Discuss an example of when internal recruitment would not be effective or feasible.

Question 2: Internal vs External Recruiting

Part A: Define and discuss INTERNAL vs. EXTERNAL recruitment practices. What are the tradeoffs of each approach? Include in your discussion an example of a situation in which each of these approaches might be particularly effective.

Part B: Discuss an example of when internal recruitment would not be effective or feasible. Then, provide an example of a situation in which an external candidate should not be considered for a position. Explain your opinions. Be sure to include an expert’s ideas (with proper citations) to support your argument.

Question 3: HR Metrics

Review some of the examples of metrics included in this week’s reading. How can HRMs use metrics to measure the success of the recruiting and selection processes? List 3 metrics that you view as most relevant. Explain your opinions. Be sure to include an expert’s ideas (with proper citations) to support your argument.

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Analyze a company, its business position, and the attainment of a competitive advantage through the understanding

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Analyze a company, its business position, and the attainment of a competitive advantage through the understanding

Type: Individual Project

Unit: Management Effectiveness Using Technology Resources

Due Date: Wed,7/10/19

Grading Type: Numeric

Points Possible: 100

Points Earned:

Deliverable Length: See assignment details

View objectives for this assignment

Go To:

· Assignment Details

· Scenario

· Learning Materials

· Reading Assignment

My Work:

Online Deliverables:

· Submissions

Looking for tutoring? Go to Smarthinking

Collapse All | Expand All Collapse All | Expand All

Assignment Details

Assignment Description

The company that you are working for is considering buying another smaller firm. However, there is some business analysis needed for your company to make its final decision about purchasing. Throughout this course, you will be working on creating the Business Strategy and Management Plan.

Keep in mind that the final Business Strategy and Management Plan template should contain the following elements:

· Title page

· Course number and name

· Project name

· Your name

· Date

· Table of contents

· Auto-generated

· Up-to-date

· Maximum of 3 levels deep

· Section headings

Each week, you will add a section to your Business Strategy and Management Plan and submit it for grading. For Week 1, you will make a qualitative evaluation of the industry’s strategic position using Porter’s five forces. (Please note that the summaries below for Weeks 2–5 do not need to be completed in Week 1. Just create the section headings at this time). As a preview, each section will contain the following subsections:

· Qualitative Evaluation of the Industry’s Strategic Position (Week 1 IP)

· Choose an aspect of the information technology (IT) industry that has not been previously used as an example in this course. Use Porter’s five forces to make a qualitative evaluation of the industry’s strategic position. Be sure to explain each of the five forces as well as explain how they relate to your chosen industry.

· Note: The mobile phone industry was provided as an example in the video material and may not be used as the subject for this assignment.

· Remember to include the following elements (Porter’s five forces):

· Threat of new entrants: Are new entrants being attracted to the market, and are there barriers to entry in the industry?

· Threat of substitute products or services: Are there other products that could be alternatives to offerings in the chosen industry?

· Bargaining power of customers: What degree of bargaining power do the buyers have in terms of putting the industry under pressure to provide more products or less cost?

· Bargaining power of suppliers: What is the importance of raw materials, components, labor, and services that are required for the industry, and are there substitutes for those inputs? Discuss the possibility of switching suppliers, if necessary.

· Intensity of competitive rivalry: Does the industry have a sustainable competitive advantage?

· Strategic Information Systems Assessment (Week 2 IP)

· Analyze the strengths, weaknesses, opportunities, and threats for the case study organization that are related to its present information systems environment.

· Assess the forces that are presently governing competition for the case study organization.

· Using Wiseman’s framework of strategy development, define the strategic thrusts (and related advantages) that the case study organization should use to build a business case for implementing an information systems management plan.

· Information Systems Business Case (Week 3 IP)

· Based on the information contained in the Business Systems Plan and the Strategic Information Systems Assessment, write an IT strategy statement that details the following:

· Critical success factors for the IT manager

· A general strategy for how the IT department will determine congruence between the goals of the IT department and the goals and objectives of the case study organization

· A general strategy for how the IT department will support the goals and objectives of the case study organization

· Strategic Business Plan (Week 4 IP)

· Executive summary

· Marketing analysis

· You should identify a target market.

· You should establish a strategy for acquiring a customer base.

· Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis

· Financial statements

· Summary of the relevance of Porter’s five factors

· Conclusion

· Project Management Plan (Week 5 IP)

· Initiating

· Planning

· Executing

· Monitoring and Controlling

· Closing

Week 1 Assignment

Choose an aspect of the IT industry that has not been previously used as an example in this course.

Note: The mobile phone industry was provided as an example in the video material and may not be used as the subject for this assignment.

Use Porter’s five forces to make a qualitative evaluation of the industry’s strategic position. Be sure to explain each of the five forces as well as explain how they relate to your chosen industry.

Remember to include the following elements (Porter’s five forces):

· Threat of new entrants: Are new entrants being attracted to the market, and are there barriers to entry in the industry?

· Threat of substitute products or services: Are there other products that could be alternatives to offerings in the chosen industry?

· Bargaining power of customers: What degree of bargaining power do the buyers have in terms of putting the industry under pressure to provide more product or less cost?

· Bargaining power of suppliers: What is the importance of raw materials, components, labor, and services that are required for the industry, and are there substitutes for those inputs? Discuss the possibility of switching suppliers, if necessary.

· Intensity of competitive rivalry: Does the industry have a sustainable competitive advantage?

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Reading Assignment

Pearlson, Saunders, chapters 2, 5

Assignment Objectives

· Analyze a company, its business position, and the attainment of a competitive advantage through the understanding and application of information systems and technologies.

· Perform systems analysis in a variety of industries and competitive situations.

Other Information

There is no additional information to display at this time.

Legend

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Unit: Management Effectiveness Using Technology Resources

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Unit: Management Effectiveness Using Technology Resources

Type: Individual Project

Unit: Management Effectiveness Using Technology Resources

Due Date: Wed,7/10/19

Grading Type: Numeric

Points Possible: 100

Points Earned:

Deliverable Length: See assignment details

View objectives for this assignment

Go To:

· Assignment Details

· Scenario

· Learning Materials

· Reading Assignment

My Work:

Online Deliverables:

· Submissions

Looking for tutoring? Go to Smarthinking

Collapse All | Expand All Collapse All | Expand All

Assignment Details

Assignment Description

The company that you are working for is considering buying another smaller firm. However, there is some business analysis needed for your company to make its final decision about purchasing. Throughout this course, you will be working on creating the Business Strategy and Management Plan.

Keep in mind that the final Business Strategy and Management Plan template should contain the following elements:

· Title page

· Course number and name

· Project name

· Your name

· Date

· Table of contents

· Auto-generated

· Up-to-date

· Maximum of 3 levels deep

· Section headings

Each week, you will add a section to your Business Strategy and Management Plan and submit it for grading. For Week 1, you will make a qualitative evaluation of the industry’s strategic position using Porter’s five forces. (Please note that the summaries below for Weeks 2–5 do not need to be completed in Week 1. Just create the section headings at this time). As a preview, each section will contain the following subsections:

· Qualitative Evaluation of the Industry’s Strategic Position (Week 1 IP)

· Choose an aspect of the information technology (IT) industry that has not been previously used as an example in this course. Use Porter’s five forces to make a qualitative evaluation of the industry’s strategic position. Be sure to explain each of the five forces as well as explain how they relate to your chosen industry.

· Note: The mobile phone industry was provided as an example in the video material and may not be used as the subject for this assignment.

· Remember to include the following elements (Porter’s five forces):

· Threat of new entrants: Are new entrants being attracted to the market, and are there barriers to entry in the industry?

· Threat of substitute products or services: Are there other products that could be alternatives to offerings in the chosen industry?

· Bargaining power of customers: What degree of bargaining power do the buyers have in terms of putting the industry under pressure to provide more products or less cost?

· Bargaining power of suppliers: What is the importance of raw materials, components, labor, and services that are required for the industry, and are there substitutes for those inputs? Discuss the possibility of switching suppliers, if necessary.

· Intensity of competitive rivalry: Does the industry have a sustainable competitive advantage?

· Strategic Information Systems Assessment (Week 2 IP)

· Analyze the strengths, weaknesses, opportunities, and threats for the case study organization that are related to its present information systems environment.

· Assess the forces that are presently governing competition for the case study organization.

· Using Wiseman’s framework of strategy development, define the strategic thrusts (and related advantages) that the case study organization should use to build a business case for implementing an information systems management plan.

· Information Systems Business Case (Week 3 IP)

· Based on the information contained in the Business Systems Plan and the Strategic Information Systems Assessment, write an IT strategy statement that details the following:

· Critical success factors for the IT manager

· A general strategy for how the IT department will determine congruence between the goals of the IT department and the goals and objectives of the case study organization

· A general strategy for how the IT department will support the goals and objectives of the case study organization

· Strategic Business Plan (Week 4 IP)

· Executive summary

· Marketing analysis

· You should identify a target market.

· You should establish a strategy for acquiring a customer base.

· Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis

· Financial statements

· Summary of the relevance of Porter’s five factors

· Conclusion

· Project Management Plan (Week 5 IP)

· Initiating

· Planning

· Executing

· Monitoring and Controlling

· Closing

Week 1 Assignment

Choose an aspect of the IT industry that has not been previously used as an example in this course.

Note: The mobile phone industry was provided as an example in the video material and may not be used as the subject for this assignment.

Use Porter’s five forces to make a qualitative evaluation of the industry’s strategic position. Be sure to explain each of the five forces as well as explain how they relate to your chosen industry.

Remember to include the following elements (Porter’s five forces):

· Threat of new entrants: Are new entrants being attracted to the market, and are there barriers to entry in the industry?

· Threat of substitute products or services: Are there other products that could be alternatives to offerings in the chosen industry?

· Bargaining power of customers: What degree of bargaining power do the buyers have in terms of putting the industry under pressure to provide more product or less cost?

· Bargaining power of suppliers: What is the importance of raw materials, components, labor, and services that are required for the industry, and are there substitutes for those inputs? Discuss the possibility of switching suppliers, if necessary.

· Intensity of competitive rivalry: Does the industry have a sustainable competitive advantage?

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Reading Assignment

Pearlson, Saunders, chapters 2, 5

Assignment Objectives

· Analyze a company, its business position, and the attainment of a competitive advantage through the understanding and application of information systems and technologies.

· Perform systems analysis in a variety of industries and competitive situations.

Other Information

There is no additional information to display at this time.

Legend

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IT ,anagement 2

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IT ,anagement 2

Type: Individual Project

Unit: Management Effectiveness Using Technology Resources

Due Date: Wed,7/10/19

Grading Type: Numeric

Points Possible: 100

Points Earned:

Deliverable Length: See assignment details

View objectives for this assignment

Go To:

· Assignment Details

· Scenario

· Learning Materials

· Reading Assignment

My Work:

Online Deliverables:

· Submissions

Looking for tutoring? Go to Smarthinking

Collapse All | Expand All Collapse All | Expand All

Assignment Details

Assignment Description

The company that you are working for is considering buying another smaller firm. However, there is some business analysis needed for your company to make its final decision about purchasing. Throughout this course, you will be working on creating the Business Strategy and Management Plan.

Keep in mind that the final Business Strategy and Management Plan template should contain the following elements:

· Title page

· Course number and name

· Project name

· Your name

· Date

· Table of contents

· Auto-generated

· Up-to-date

· Maximum of 3 levels deep

· Section headings

Each week, you will add a section to your Business Strategy and Management Plan and submit it for grading. For Week 1, you will make a qualitative evaluation of the industry’s strategic position using Porter’s five forces. (Please note that the summaries below for Weeks 2–5 do not need to be completed in Week 1. Just create the section headings at this time). As a preview, each section will contain the following subsections:

· Qualitative Evaluation of the Industry’s Strategic Position (Week 1 IP)

· Choose an aspect of the information technology (IT) industry that has not been previously used as an example in this course. Use Porter’s five forces to make a qualitative evaluation of the industry’s strategic position. Be sure to explain each of the five forces as well as explain how they relate to your chosen industry.

· Note: The mobile phone industry was provided as an example in the video material and may not be used as the subject for this assignment.

· Remember to include the following elements (Porter’s five forces):

· Threat of new entrants: Are new entrants being attracted to the market, and are there barriers to entry in the industry?

· Threat of substitute products or services: Are there other products that could be alternatives to offerings in the chosen industry?

· Bargaining power of customers: What degree of bargaining power do the buyers have in terms of putting the industry under pressure to provide more products or less cost?

· Bargaining power of suppliers: What is the importance of raw materials, components, labor, and services that are required for the industry, and are there substitutes for those inputs? Discuss the possibility of switching suppliers, if necessary.

· Intensity of competitive rivalry: Does the industry have a sustainable competitive advantage?

· Strategic Information Systems Assessment (Week 2 IP)

· Analyze the strengths, weaknesses, opportunities, and threats for the case study organization that are related to its present information systems environment.

· Assess the forces that are presently governing competition for the case study organization.

· Using Wiseman’s framework of strategy development, define the strategic thrusts (and related advantages) that the case study organization should use to build a business case for implementing an information systems management plan.

· Information Systems Business Case (Week 3 IP)

· Based on the information contained in the Business Systems Plan and the Strategic Information Systems Assessment, write an IT strategy statement that details the following:

· Critical success factors for the IT manager

· A general strategy for how the IT department will determine congruence between the goals of the IT department and the goals and objectives of the case study organization

· A general strategy for how the IT department will support the goals and objectives of the case study organization

· Strategic Business Plan (Week 4 IP)

· Executive summary

· Marketing analysis

· You should identify a target market.

· You should establish a strategy for acquiring a customer base.

· Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis

· Financial statements

· Summary of the relevance of Porter’s five factors

· Conclusion

· Project Management Plan (Week 5 IP)

· Initiating

· Planning

· Executing

· Monitoring and Controlling

· Closing

Week 1 Assignment

Choose an aspect of the IT industry that has not been previously used as an example in this course.

Note: The mobile phone industry was provided as an example in the video material and may not be used as the subject for this assignment.

Use Porter’s five forces to make a qualitative evaluation of the industry’s strategic position. Be sure to explain each of the five forces as well as explain how they relate to your chosen industry.

Remember to include the following elements (Porter’s five forces):

· Threat of new entrants: Are new entrants being attracted to the market, and are there barriers to entry in the industry?

· Threat of substitute products or services: Are there other products that could be alternatives to offerings in the chosen industry?

· Bargaining power of customers: What degree of bargaining power do the buyers have in terms of putting the industry under pressure to provide more product or less cost?

· Bargaining power of suppliers: What is the importance of raw materials, components, labor, and services that are required for the industry, and are there substitutes for those inputs? Discuss the possibility of switching suppliers, if necessary.

· Intensity of competitive rivalry: Does the industry have a sustainable competitive advantage?

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Reading Assignment

Pearlson, Saunders, chapters 2, 5

Assignment Objectives

· Analyze a company, its business position, and the attainment of a competitive advantage through the understanding and application of information systems and technologies.

· Perform systems analysis in a variety of industries and competitive situations.

Other Information

There is no additional information to display at this time.

Legend

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Week 1 Assignment

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Week 1 Assignment

Type: Individual Project

Unit: Management Effectiveness Using Technology Resources

Due Date: Wed,7/10/19

Grading Type: Numeric

Points Possible: 100

Points Earned:

Deliverable Length: See assignment details

View objectives for this assignment

Go To:

· Assignment Details

· Scenario

· Learning Materials

· Reading Assignment

My Work:

Online Deliverables:

· Submissions

Looking for tutoring? Go to Smarthinking

Collapse All | Expand All Collapse All | Expand All

Assignment Details

Assignment Description

The company that you are working for is considering buying another smaller firm. However, there is some business analysis needed for your company to make its final decision about purchasing. Throughout this course, you will be working on creating the Business Strategy and Management Plan.

Keep in mind that the final Business Strategy and Management Plan template should contain the following elements:

· Title page

· Course number and name

· Project name

· Your name

· Date

· Table of contents

· Auto-generated

· Up-to-date

· Maximum of 3 levels deep

· Section headings

Each week, you will add a section to your Business Strategy and Management Plan and submit it for grading. For Week 1, you will make a qualitative evaluation of the industry’s strategic position using Porter’s five forces. (Please note that the summaries below for Weeks 2–5 do not need to be completed in Week 1. Just create the section headings at this time). As a preview, each section will contain the following subsections:

· Qualitative Evaluation of the Industry’s Strategic Position (Week 1 IP)

· Choose an aspect of the information technology (IT) industry that has not been previously used as an example in this course. Use Porter’s five forces to make a qualitative evaluation of the industry’s strategic position. Be sure to explain each of the five forces as well as explain how they relate to your chosen industry.

· Note: The mobile phone industry was provided as an example in the video material and may not be used as the subject for this assignment.

· Remember to include the following elements (Porter’s five forces):

· Threat of new entrants: Are new entrants being attracted to the market, and are there barriers to entry in the industry?

· Threat of substitute products or services: Are there other products that could be alternatives to offerings in the chosen industry?

· Bargaining power of customers: What degree of bargaining power do the buyers have in terms of putting the industry under pressure to provide more products or less cost?

· Bargaining power of suppliers: What is the importance of raw materials, components, labor, and services that are required for the industry, and are there substitutes for those inputs? Discuss the possibility of switching suppliers, if necessary.

· Intensity of competitive rivalry: Does the industry have a sustainable competitive advantage?

· Strategic Information Systems Assessment (Week 2 IP)

· Analyze the strengths, weaknesses, opportunities, and threats for the case study organization that are related to its present information systems environment.

· Assess the forces that are presently governing competition for the case study organization.

· Using Wiseman’s framework of strategy development, define the strategic thrusts (and related advantages) that the case study organization should use to build a business case for implementing an information systems management plan.

· Information Systems Business Case (Week 3 IP)

· Based on the information contained in the Business Systems Plan and the Strategic Information Systems Assessment, write an IT strategy statement that details the following:

· Critical success factors for the IT manager

· A general strategy for how the IT department will determine congruence between the goals of the IT department and the goals and objectives of the case study organization

· A general strategy for how the IT department will support the goals and objectives of the case study organization

· Strategic Business Plan (Week 4 IP)

· Executive summary

· Marketing analysis

· You should identify a target market.

· You should establish a strategy for acquiring a customer base.

· Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis

· Financial statements

· Summary of the relevance of Porter’s five factors

· Conclusion

· Project Management Plan (Week 5 IP)

· Initiating

· Planning

· Executing

· Monitoring and Controlling

· Closing

Week 1 Assignment

Choose an aspect of the IT industry that has not been previously used as an example in this course.

Note: The mobile phone industry was provided as an example in the video material and may not be used as the subject for this assignment.

Use Porter’s five forces to make a qualitative evaluation of the industry’s strategic position. Be sure to explain each of the five forces as well as explain how they relate to your chosen industry.

Remember to include the following elements (Porter’s five forces):

· Threat of new entrants: Are new entrants being attracted to the market, and are there barriers to entry in the industry?

· Threat of substitute products or services: Are there other products that could be alternatives to offerings in the chosen industry?

· Bargaining power of customers: What degree of bargaining power do the buyers have in terms of putting the industry under pressure to provide more product or less cost?

· Bargaining power of suppliers: What is the importance of raw materials, components, labor, and services that are required for the industry, and are there substitutes for those inputs? Discuss the possibility of switching suppliers, if necessary.

· Intensity of competitive rivalry: Does the industry have a sustainable competitive advantage?

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Reading Assignment

Pearlson, Saunders, chapters 2, 5

Assignment Objectives

· Analyze a company, its business position, and the attainment of a competitive advantage through the understanding and application of information systems and technologies.

· Perform systems analysis in a variety of industries and competitive situations.

Other Information

There is no additional information to display at this time.

Legend

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