solution

Abortion clinics operate in a nearly perfectly competitive market, close to their break-even point. Medoff (2007) estimates that the price elasticity of demand for abortions is -1.071 and the income elasticity is 1.24. The average real price of abortions has remained relatively constant over the last 25 years, which suggests that the supply curve is horizontal. By how much would the market price of abortions and the number of abortions change if a lump-sum tax is assessed on abortion clinics and raises their minimum average cost by 10%? Use a figure to illustrate your answer. By how much would the market price of abortions and the number of abortions change if a lump-sum tax is assessed on abortion clinics that raises their minimum average cost by 10%? Use a figure to illustrate your answer. (Hint: See Solved Problem 8.3.)

 
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solution

From point A to B will define how modes of transportation are tracked on a map.

True

False

Question 4

The role of transportation is critical for Global Supply Chain (GSC) because…

a.

It assists with experiencing trade

b.

Offers alternatives from multiple modes

c.

It benefits the economies with global expansion and economic growth

d.

It provides social distance

e.

All the above

Question 5

Customizing transportation needs to size and carriers is load tendering

True

False

Question 8

The development of the following countries was seen asan indication of opportunities for “sourcing” of materials, products, and services and the identification of potential markets for the more developed economies such as the United States, the European Union (EU), and Japan:

  • Brazil, Russia, India, and China were seen as the top emerging economies; and
  • Vietnam, Indonesia, South Africa, Turkey, and Argentina were seen as developing at a fast pace

True

False

 
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solution

Scenario

The organization that you are a director of leadership and
learning for has been conducting engagement surveys among its
employees every two years to gain a deeper understanding of
employees’ views on areas such as customer service, the
organization’s overall strategy, job satisfaction, rewards and
recognition, and training and development. The most recent survey
was conducted this year, and the organization wants to carry out
another survey in two years.

Prompt

Your task is to evaluate the employee survey results using a
GROW Model Template and identify several survey questions that will
target leadership skill and behavior improvement for the next two
years. You will also represent the trends you’ve identified with
bar or line graphs. For this assignment, you will complete the
first five sections of the GROW model template:

  • Identified Trends
  • Employee Survey Results Data
  • Focus Areas
  • Reality—Current State
  • Desired Future State—Where Would You Like to
    Be?

Specifically, you must address the following rubric
criteria:

  1. In the Identified Trends section,
    identify any noticeable trends in the Employee Satisfaction Survey
    Results data and address the following in your response.

    1. Are there certain focus areas that have seen significant
      changes compared to others?
    2. How might one focus area impact another?
  1. In the Employee Survey Results
    Data
    section, create bar or line graphs from the
    employee survey results data that best represent the trends you’ve
    identified above.
  1. In the Focus Areas section, identify
    three focus areas to improve the organization based on your
    evaluation, and provide rationale.
  1. In the Reality—Current
    State
    section, explain the current state for each
    focus area you’ve identified above according to the employee survey
    results. Consider the following in your response:

    1. The potential impact on survey results over time, the
      “why.”

In the Desired Future State—Where Would You Like
to Be?
section, create a goal to address each focus
area you’ve identified within the next two years, and describe the
impact to the entire organization. Consider the following in your
response:
The desired result should be 10% improvement for the next
survey.

 
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solution

Read Case Study: General Motors Indonesia Shifts Attention to SUVs

Entry Sports Utility Vehicles (SUVs) are quickly gaining popularity
among Indonesian vehicle buyers, with owners spending an median of 21
months of their household income to purchase a vehicle in this highly
aspirational segment, compared with 18 months for the rest of the
market, according to the J.D. Power 2016 Indonesia Sales Satisfaction
Index (SSI).

As a market analyst for GM, you are to advise the management on the following scenarios, ceteris paribus:

Scenario 1: The selling price of an SUV rises.

Scenario 2: There is a massive discount on the price of a van. Scenario
3: Consumers expect the price of an SUV will fall next year.

Scenario 4: A breakthrough automation technology help to lower the cost of producing SUVs.

In your explanation, you are to cover the following:

• How does each influence affect the quantity supplied or the supply of SUVs.

• Draw the effects of each event by either a movement along the supply curve or a shift in the supply curve.
 
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