Tom’s T-Shirts Assignment

Tom’s T-Shirts Assignment

One of the main goals of this course is to demonstrate how Internet, web features, and services support e-commerce and e-commerce presence. Using the provided proposal guidelines, review the following case study and develop a written proposal presenting solutions that would be appropriate to present to the company’s business owner.
Tom’s T-shirts is brick and mortar retail shop that specializes in the sale and design of T-shirts. Tom’s T-shirts primarily buys its T-shirt inventory from wholesalers, but they also do some custom printing. One of Tom’s T-shirt services is to custom design and print T-shirts for corporations, non-profit organizations, and youth sports. Tom’s T-Shirts has had great success, and was named Small Business of the Year two out of the last five years in its local community. Knowing that there is a market for custom t-shirts, the owner Tom Smith has decided that he would like to expand his T-shirt shop business nationwide. Tom has decided that, rather than opening other physical retail stores, he wants to explore an e-commerce operation. You have known Tom for many years, and he has asked you to put together a business proposal to bring his e-commerce operation to life. Tom loves innovation and has deep pockets, so you will not be constrained with a budget….sky’s the limit!Tom’s T-Shirts Assignment
Project Proposal Guidelines: Make sure that the following features are present in your paper:

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A.  Explain to the owner the unique features of e-commerce that will allow Tom’s T-shirts to expand to a nationwide market.
B.  Identify the market, the value proposition, and type of e-commerce channels that Tom’s T-shirts will utilize to get its e-commerce operation up and running.
C.  Outline the steps that the owner will need to take to develop an E-commerce presence. Define and explain what Internet, Web features, and services you will suggest incorporating into this e-commerce proposal.
D.  Describe to the owner the different types of social networks and on-line communities and their business models (how they make their money).
E.  Propose a traditional online marketing strategy and compare it to social-mobile-local marketing platforms.
F.  Describe basic concepts related to online security, privacy, and intellectual property as it relates to Tom’s T-Shirt’s website and e-commerce operation.
The requirements below must be met for your paper to be accepted and graded:
·  Write between 750-1000 words (approximately 3-4 pages) using Microsoft Word.
·  Attempt APA style.  Use the APA Resources in your course for guidance.
·  Use font size 12 and 1″ margins.
·  Include a cover page and reference page.
·  At least 80% of your paper must be original content/writing.
·  No more than 20% of your content/information may come from references.
·  Use at least two references from outside the course material, preferably from EBSCOhost.  The textbook, lectures, and other materials in the course may be used, but are not counted toward the two reference requirement.
Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must be identified in the paper and listed on a reference page.  Reference material must come from sources such as scholarly journals found in EBSCOhost, online newspapers such as The Wall Street Journal, government websites, etc.  Sources such as Wikis, Yahoo Answers, eHow, etc. are not acceptable.

 
Tom’s T-Shirts Assignment

 
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Long-Run Average Cost and Economies of Scale Assignment

Long-Run Average Cost and Economies of Scale Assignment

 Long-Run Average Cost and Economies of Scale [WLOs: 3, 4] [CLOs: 1, 2, 3]
Prior to beginning work on this discussion, read David Trainer’s article, Sysco Feasts on Economies of Scale for Strong Competitive Advantage (Links to an external site.), as well as Chapter 8 in your textbook, and respond to the following:

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  • How can the long-run average cost (LRAC) curve be derived from the short-run average total cost (SRATC) curve?
  • Describe economies of scale and diseconomies of scale.
  • What are the determinants of economies of scale and diseconomies of scale, respectively?
  • Using a real-world company (other than Sysco), explain the causes of economies of scale for your company.
  • How would economies of scale help your company compete in its industry?

Your initial post should be a minimum of 300 words.
 
Long-Run Average Cost and Economies of Scale Assignment

 
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Essay Writing Assignment

Essay Writing Assignment

Unit I introduced the benefits of markets to improving outcomes for producers and consumers. Unit II examined the role of costs and prices in decision-making. For this assignment, you will answer a series of questions in the form of an essay. Support your answers with research from at least three peer-reviewed journal articles using the CSU Online Library (or other sources).
 

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1. Research elasticity information for two particular goods: one with an elastic demand and one with an inelastic demand. Using elasticity information you gather, predict changes in demand. The United States Department of Agriculture website has a good resource to help with this.
2. Describe how marginal analysis, by avoiding sunk costs, leads to better pricing decisions.
3. Explain the importance of opportunity costs to decision-making and how opportunity costs lead to trade.
4. Evaluate how better business decisions can benefit not just the producer but the consumer and society as a whole. In your evaluation, contrast the deontology and consequentialism approaches to ethics.
Your essay must be at least three pages in length (not counting the title and references pages) and include at least three peer-reviewed resources. Adhere to APA Style when writing your essay, including citations and references for sources used. Be sure to include an introduction. Please note that no abstract is needed.

Essay Writing Assignment

 
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Intro to Economics Assignment

Intro to Economics Assignment

Question 1

Due to favorable weather conditions, the corn crop has been flourishing in the last few years. The following table presents the data:
Due to favorable weather conditions, the corn crop has been flourishing in the last few years
a. What does the table signify about the market forces of demand and supply?
b. What factors are responsible for a price change in this example?
intro to Economics Assignment

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Question 2

The following Table shows XYZ’s market for avocado oil (in thousands of liters per month). Suppose that avocado oil increases in popularity and the buyers are willing to buy an additional quantity of 10 units at each price level in the table. At the same time, as a result of improved technology, oil
producers are willing to produce 30 more units at each price level.
a. Fill in the columns of the Table.
b. Calculate the new equilibrium price and quantity?
The following Table shows XYZ’s market for avocado oil

Question 3

During the Christmas holiday season, the price of Christmas trees increases, and the quantity demanded trees also increases. Does it reflect the change in quantity demanded or change in demand? Support your answer with the use of a diagram. Label your diagram with appropriate variables on X-axis and Y-axis.

Question 4

Identify and explain any two factors causing an increase in supply. Support your answer with the use of a diagram. Label your diagram with appropriate variables on X-axis and Y-axis. Identify and explain the factor affecting the quantity supplied .intro to Economics Assignment
 

 
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Economist’s View: Economics Assignment

Economist’s View: Economics Assignment
1. You have made the decision to pursue higher education. Describe the economist’s view of how a decision like that is made. Using marginal analysis, make sure you evaluate the “rationality” of the decision and explain why the following statement is irrational: “Higher education is priceless, so everyone should pursue a degree no matter the cost.” Economist’s View: Economics Assignment

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2. Recall your readings about Shaq moving furniture and playing basketball. Use both absolute and comparative advantage to explain the following: Suppose you have one partner for a school project requiring both math and writing skills. If you are better than your partner at both math and writing, does this mean you should be responsible for both parts? Use comparative and absolute advantage to explain.

3. The Econville News reports the invention of the machine that allows cows to milk themselves. Provide a brief written description/explanation of the effect of this news on the equilibrium price and quantity of milk.
4. The Econville News reports that drinking at least 8 ounces of milk a day increases bone density by 10% over a lifetime. Provide a brief written description/explanation of the effect of this news on the equilibrium price and quantity of milk.
5. Consider a time in your life when you have benefited from an externality and a time when you have suffered from an externality. Make sure to clearly describe your role and the type of externality. What is your opinion about the role of government in each of these situations? Economist’s View: Economics Assignment

 
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Management Economics Assignment

Management Economics Assignment

Learning Outcomes Tested (From Module Syllabus)

1. Critically evaluate economic data as a guide to policymaking within an international, national, and organizational context.
2. Apply a number of different economic concepts (supply and demand, price elasticity, cost analysis) with respect to managerial decision making in organizations. Management Economics Assignment
3. Analyze the impact of government policy on markets and their effect on managerial decisions.

Task:

Your analysis should start with the study of the company’s history, description of its activities, the industry it operates in, types of services and products it produces, the business environment it operates in, main markets, and other aspects of the company’s business profile.

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You should choose a product or a product range as a first step. For example, Procter and Gamble have gazillions of products, you will not have the time and resources to study its products. Thus, choose, say, baby wipes product range and keep your focus on it.

  1. Pick a business that you know something about or can find information on. Describe the business and its main product or service.

What is your chosen product? Why did you choose it?

  1. Identify Demand and Market Equilibrium. For each of the factors that influence Demand, describe how your main product or service is affected. Does the factor indicate that demand is increasing or decreasing?

Price of substitutes – What is a substitute for the product or service? Is the substitute’s price increasing or decreasing? How does this affect the demand for your product or service? Management Economics Assignment
Price of complements – What is a compliment for the product or service? Is the complement’s price increasing or decreasing? How does this affect the demand for your product or service?
Consumer Income – Is consumer income increasing or decreasing? How does this affect the demand for your product or service?
Consumer tastes & preferences – How are consumer preferences changing? How does this affect the demand for your product or service?
Consumer expectations of the price (of your product or service.) – Looking ahead, do consumers expect the price of your product or service to increase or decrease? How does this affect the demand for your product or service?
Demographics – Number of Consumers (Buyers) – Is the number of buyers increasing or decreasing? How does this affect the demand for your product or service?

  1. For each of the factors that influence the Price Elasticity of Demand, describe how your main product or service (described in 2 above) is affected. Does the factor indicate demand is more elastic or more inelastic?

Management Economics Assignment

 
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Trend in the Unemployment Rate Essay

Trend in the Unemployment Rate Essay
Instructions
After completing reading about employment/unemployment, discuss briefly about the questions listed below.  And provide concrete examples of each question.
Visit the Bureau of Labor Statistics at (http://www.bls.gov/eag/eag.us.htm)  and click on Back Data for the unemployment rate.
Question 1: What is the trend in the unemployment rate over the last two years?

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Question 2: How would this trend be reflected in the nation’s production possibilities?
Instructions
After completing reading about employment/unemployment, discuss briefly about the questions listed below.  And provide concrete examples of each question.Trend in the Unemployment Rate Essay
Visit the Bureau of Labor Statistics at (http://www.bls.gov/eag/eag.us.htm)  and click on Back Data for the unemployment rate.
Question 1: What is the trend in the unemployment rate over the last two years?
Question 2: How would this trend be reflected in the nation’s production possibilities?
Instructions
After completing reading about employment/unemployment, discuss briefly about the questions listed below.  And provide concrete examples of each question.
Visit the Bureau of Labor Statistics at (http://www.bls.gov/eag/eag.us.htm)  and click on Back Data for the unemployment rate.
Question 1: What is the trend in the unemployment rate over the last two years?
Question 2: How would this trend be reflected in the nation’s production possibilities? Trend in the Unemployment Rate Essay
 
 

 
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All solutions must be accompanied by explanations to receive credit. All solutions must be in MS Word, Excel, and/or Power Point. Include the honor code on the first page of your solution

Problem Set 1
Due Date: Friday, February 5, 9 am
All solutions must be accompanied by explanations to receive credit. All solutions must be in MS Word, Excel, and/or Power Point. Include the honor code on the first page of your solution.
1. (40) Trade Data – the goal is to calculate the trade share of GDP for a country over a few decades. To do so, you will need to download some international trade data, organize it, and then create a plot like one from the first lecture.
a. First, pick a country (other than the United States).
b. Then, go to the International Monetary Fund (IMF), International Financial Statistics (IFS) web site: https://data.imf.org/?sk=4c514d48-b6ba-49ed-8ab9-52b0c1a0179b
c. Then, go to “Data Tables”
d. Then, under “Data by Country”, click on “GDP and components”
e. Near the top left, you will see a drop-down menu for selecting your country and the years (Date). (Also, make sure you have clicked “annual”, and not “quarterly”.) Pick 1985 to the present, or, if the data is not available that far back, the entire time period. (But, try to pick a country with at least 20 years of data). See the picture below:
f. Now, go to near the top of the page, and click on the “export” button (see above). It is easiest to download it is as an Excel Workbook.
g. Now, open your spreadsheet. The three variables you want are:
i. GDP, Nominal, Domestic Currency (Y)
ii. Exports of Goods and Services, Nominal, Domestic Currency (X)
iii. Imports of Goods and Services, Nominal, Domestic Currency (M)
h. You want to calculate the following: 0.5 x (X+M)/Y. In other words, you want the average of exports plus imports, and then divide by GDP. This is the “trade share of GDP” in decimal form.
i. Now plot this on a graph.
j. How does your country’s path of the trade share of GDP compare to that of the United States over time?
2. (60) Ricardian Trade Model
a. (15) Home has 1200 units of labor. It can produce two goods, apples and bananas. The marginal product of labor (MPL) in producing applies is 1/3, and the MPL in producing bananas is ½.
i. Graph Home’s production possibility frontier (PPF). Make sure your graph is clearly labeled (axes, the points where the PPF intersects the axes, etc.)
ii. What is the opportunity cost of apples in terms of bananas? Show your work.
iii. In the absence of trade, what would be the price of apples in terms of bananas? Why?
b. (15) Now introduce another country, Foreign, which has 800 units of labor. Foreign’s MPL in producing applies is 1/5, and its MPL in producing bananas is 1.
i. Graph Foreign’s PPF
ii. In the absence of trade, what would be the price of apples in terms of bananas? Why?
iii. Which good does Home have the comparative advantage in? Why?
c. (30) Now let’s open up the two economies to free trade.
i. (5) Which country will specialize in which good?
ii. (5) What is world output of apples and world output of bananas?
iii. Suppose that each country likes to spend the same amount on each good. From your microeconomics course, you know the relative price of apples to bananas is all that matters, so we can assume that p_b, the price of bananas = 1, and then p_a, the price of apples, is effectively the relative price of apples. So, in each country, then, p_a x c_a = p_b x c_b = c_b, where c_b is the consumption of bananas and c_a is consumption of apples (and the “x” is the multiplication symbol). Also, remember that total spending must equal total GDP in each economy (price times the output of the good the country produces).
iv. (20) This is hard. Based on the above, prove that the world equilibrium price of apples, p_a, = 2. (Hint: show that world demand for apples = world supply of apples (at that price); alternatively, show that the export supply curve in the country with the comparative advantage in apples intersects the import demand curve in the country that does not have the comparative advantage in apples.)
3. (15) Extra credit: “It has been all downhill for the West since China entered global markets; we just can’t compete with hundreds of millions of people willing to work for very low wages”. Discuss

 
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Macroeconomic Homework

As an employee of a company that is considering investing in a foreign economy, you have been asked to research a country and make a presentation to your colleagues about an area of economic concern in the country.

  • Select a country in Africa, Asia, or Latin America to research.
  • Select 1 of the following economic concerns to research:
    • Gross Domestic Product (GDP)
    • Unemployment
    • Inflation
    • Quantities of specific goods and services
    • Exports and imports
  • Research data sets for the one economic concern within the country that you have chosen.
  • Write a 5-page report, and answer the following questions:
    • What are 2–3 relationships between the economic concern you selected and that specific country’s economy?
    • Support your discussion of the trends with statistical evidence.
      • Use graphs and/or data tables of the variables you chose in the discussion.
    • What trends do you see in the data sets? Please explain.
    • Cite all of your sources and include a reference list

Utilize at least two credible sources to support the arguments presented in the paper. Make sure you cite appropriately within your paper and list the reference(s) in APA format on your Reference page. Your paper should be 5 pages in length, not counting the Title page and Reference page. In accordance with APA formatting requirement, it should be double-spaced and include a running head and page numbers.

 
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