Market Forces: Demand and Supply Question 1: Explain, in your own words and using the concepts from the course, what Sam and Jane discussed. The Wall Street Journal states that three major chip makers in South Korea had chosen to cut down production. This reduction in output will increase the price of chips in the market and thus will increase the cost of making PCs. An increment in the cost of making PCs will bring about an ascent of the expenses. Due to rising in price, the demand for Clones will fall. This prompts a decline in order and no necessity for more workforce for PC Solutions. Therefore, Sam and Jane, director of personnel in the firm, discussed not to increase the workforce for the time being until further notice. Question 2 What is market equilibrium? Does the market always reach equilibrium? Explain At the point when supply and demand curves meet, the market is in equilibrium. This is where the quantity demanded, and the amount supplied is equal. Yes, markets very often reach equilibrium. However, due to non-price factors,…

 public health parity issues challenging the humanitarian front can be outlined as subjects of resource sharing and decision-making Introduction Speaking to apprehensions about public health impartiality in the setting of passionate encounters and the resultant imposed displacement of people raises operative and ethical concerns for health providers. Urgencies of service provision, distribution adoptions, and the procedures by which the choices are attained are under improved inspections. This study explores the urgent demands of cost and parity as they rise in the ambiance of providing health amenities to a group of refugees and other affected populations. Key Informant Interviews will be directed at a number of well-versed and skilled humanitarian consultants at the field and national levels from different non-governmental organizations. The interviews will help structure chief functional questions that need to be spoken over. They include the eminence of health care provision as relative precedence, distributions of funds for health between and within dissimilar people, and policies for change and withdrawal. Literature review The literature proposes that public health parity issues challenging the humanitarian front can be outlined as subjects…

 Report on “Hongkong Disneyland Human resource management processes and challenges” Human Resource Management practices in Hong Kong Disneyland   Overview of the organization:   Hongkong Disneyland is a jointly owned venture by the government of Hongkong, Walt Disney and hong kong international theme parks limited. It is the second-largest theme park after Tokyo theme park in Asia. It came into existence in 2005. It has four parts, which include: Hong Kong Disneyland theme park, Hongkong Disneyland hotel, Hongkong Disneyland Hollywood hotel, Hong Kong Disneyland explorer lodge.   History of Hong Kong Disneyland: The construction of the Disneyland began in  2003 through the collaboration of the government of  Hong Kong, Walt Disney and international Hong Kong theme parks limited.   The idea of constructing an entertainment park came in the owner’s mind in  1998. Though Asia had one Tokyo theme park before Hong Kong Disneyland. Mission and vision  of Hong Kong  Disneyland : The vision of Hong Kong Disneyland is to reach to customer’s heart using becoming a valuable destination for every tourist. Based upon the vision of the  Hong Kong Disneyland,…

how money growth and inflation are related To understand how money growth and inflation are related, one needs to comprehend the two concepts separately. Inflation is the increase in prices of goods and services in the economy as a result of an increase in aggregate demand. When the demand for products and services increases relative to total supply, the providers will increase the prices. The more the increase in demand for goods and services, the higher the inflation in the economy. Many factors cause inflation, such as rising wages, high import prices, raw material prices, and high taxes. However, the role of money is significant in inflation patterns. The classical theory of inflation considers money growth, which is an increase in money stock released into the economy by the state, to be a primary cause of inflation. Although money growth is necessary for inflation, it is not a stable condition for inflation. The money has to be spent by the people in the economy for it to affect inflation. Hence for money growth to fully affect inflation, the velocity of…

econometric changes in the market concerning supply-demand transformations Economic theory describes the econometric changes in the market concerning supply-demand transformations. The application of supply and demand curves is evident in the current industry and housing plan, as portrayed by the DFW area. The area covers about 100000 people who visit the city every year to settle in one of the residential areas in the region. The drifts in demand and supply of housing in the area show that there is an economic theory that is applicable in determining the prices and construction of houses in the DFW area. Since the society in the DFW area possesses various productive resources that can be used to construct houses according to the demand, the interplay between demand and supply of housing in the DFW area is customized according to the number of people flowing into the region. People who live in the DFW area are over a hundred thousand, and every year the population increases. For that reason, the demand for housing is high hence making investors focus on increasing more houses in…

lean thinking and JIT model for Companies Question 1 Companies are under pressure to adopt lean thinking and JIT model for various reasons. Before delving into the reasons, lean thinking is a business methodology whose sole objective is to offer a new approach to think about creating more benefits and value to society or individuals while reducing waste. JIT, which stands for Just in time model, is a management philosophy that guides manufacturing, production, or supply by allowing suppliers to deliver raw materials at the right time or as scheduled to avoid waste. Companies use both lean thinking and JIT model to increase efficiency. Companies employ these philosophies solely to become more efficient in their operations. For instance, lean thinking would increase efficiency by aligning customer satisfaction with job satisfaction. By doing the company is likely to improve its effectiveness in especially in service delivery (Caldera, Desha, & Dawes, 2017). Also, lean thinking encourages innovation, which helps the company to produce high-quality products or services in a profitable manner whilst reducing overhead costs to the environment, suppliers, and customers. Similarly,…

Environmental impact of Unconventional Onshore Oil and Gas Extraction Can you imagine adding more pollutants into our universe that is already choking with unfathomable pollution that is threatening the survival of every life? The ecological systems are interdependent, and affecting one component creates ripple effects that can cause fatal implications on other elements that comprise our environment. The rising trends of rampant industrialization and automation of processes in both domestic and commercial operations call for more sources of power. Still, environmental conservation should be at the core of every decision (Zehr, 2016). Otherwise, why would anyone produce energy that will lack consumers because it kills people? The unconventional oil and gas extraction (UOGE), is a threat to the environment because it has deadly effects on climate and public health both in short and long-term. UOGE involves fracking for the shale gas, underground coal gasification, and coal bed methane extraction (Bolden, Schultz, Pelch, & Kwiatkowski, 2018). The processes of UOGE are responsible for nasty pollution effects at local, national, and global level, and the entire process is against the principles of…

Impossible Foods Turns to OSI Foods, the McDonalds Supplier to Expand the Impossible Burger Production   The leading manufacturer of plant-based burgers, Impossible Foods, has been struggling to meet the growing demand for a while now. Recently, the company went into a production partnership with OSI Group, a veteran food production company based in Chicago. This food company is among the top largest food producers in the world. The company has been supplying food to top global food retailers like McDonalds, Burger King, and White Castle for years now.   A partnership indeed   The Impossible Foods management pointed out while making this announcement that they had worked together with this veteran food producer to set up equipment for the production of their Impossible Burger. OSI Group has more than 65 food-producing plants in 17 countries across the globe. Impossible Foods management mentioned that the company was looking to set up equipment for its meat-free burgers in all the facilities in the 17 countries.   As the demand for plant-based burgers keeps rising, Impossible Foods pointed out that it was…

solid hydrogen conversion state through adsorption and absorption on alloys Introduction Energy is the critical determinant of the growth in any country. The environmental degradation as a result of overreliance on fossil fuels has led to many people demanding for a cleaner and more sustainable energy supply. It, therefore, gives rise for the demand of hydrogen to fill in these energy consumption demands. Hydrogen has a high gravimetric energy density, and also has no emissions can regenerate itself. It is the main reason which makes experts choose hydrogen as a carrier for clean energy, which is also relatively cheap compared to fossil fuel energy. However, the convenience of hydrogen production cannot be easily obtained due to its major challenge of transport and storage. The storage of hydrogen is done via three channels, compression of gasses, conversion of liquid into cryogenic form, and also solidifying the gas. In compression, a massive reservoir tank is filled with highly pressurized gas, making it require a lot of energy for compression because hydrogen occupies large volumes. In the cryogenic liquid form, there is a…

Supply Chain Management System of Amazon A supply chain is an organization’s network that involves people, activities, resources, and procedures used to move products or services from the supplier to the consumer. Supply chain management involves efficient processes through which a company plans and coordinates the flow of goods from materials to production and distribution. Companies can maximize the flow of information and products by integrating the planning and implementation procedures. Some of the aspects coordinated through a supply chain management system are; logistics, demand planning, sourcing, managing the inventory, and production. For a company to gain a competitive advantage, it should use strategies and specialized software in managing its supply chain. Supply chains are complex to manage since they require collaboration and effective communication between the partners and stakeholders. For a supply chain to be effective, it requires some consistency in leadership to bring experience, strength, and stability in the company (Davis, 1993). Technology provides mechanisms of excellent management of a supply chain. Businesses can track inventory, strategize, organize, and plan with ease through specialized software. The network design…