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  • Illegal Resale Price Maintenance
    204 words
    What is price fixing? Price fixing occurs when sellers of the same product or service agree to set actual prices, establish limits on prices or discounts, or fix price-related terms of sale. For example, if several appliance manufacturers at a trade association meeting agree not to allow their prices to go below a certain minimum, they are engaging in illegal price fixing. This conspiracy hurts appliance dealers because they have to pay more to the manufacturers for their products; it hurts cons...
  • Trend In Successful Deregulation Of Many Industries
    1,353 words
    As we have witnessed the rolling blackouts and emergency alerts throughout many parts of our state of California within the past 12 months, there is a question waiting to be answered. Why do we have an energy crisis when there are other states that are doing just fine? Before we come to any hasty conclusion, let us ask ourselves what happened to the energy policy during the mid 90's? During that period the electric utilities went from being highly regulated to being deregulated following the tre...
  • Workers At A Small Wal Mart Store
    8,157 words
    In 1945, Sam Walton opened his first variety store and in 1962, he opened his first Wal-Mart Discount City in Rogers, Arkansas. Now, Wal-Mart is expected to exceed "$200 billion a year in sales by 2002 (with current figures of) more than 100 million shoppers a week... (and as of 1999) it became the first (private-sector) company in the world to have more than one million employees". Why? One reason is that Wal-Mart has continued "to lead the way in adopting cutting-edge technology to track how p...
  • Our Manufacturers And Our Retail Buyers
    4,700 words
    Executive Summary This business plan details the launch of a start-up company known as the Import Export Company (IEC). The company functions as a 'middleman' in purchasing housewares from manufacturers in China and reselling the products to retail buyers in the US and Canada. The Import Export Company is primarily an independent import / export business. The products we import from China are resold to retail buyers in the US; in addition, we export the products from China directly to retail buy...
  • Increase In Retailers Demand For Pecans
    426 words
    The article "Big Crop Won't Reduce Pecan Prices" is about how the market for pecans affects the both the wholesale market and the retail market. The article describes how pecans are relatively inelastic around major holidays, such as Thanksgiving and Christmas. It is stated that there was a 150 million pound increase in pecans from the previous year. Since there was such a great increase in quantity supplied, the price decreased. Since the demand for pecans is relatively inelastic, consumers are...
  • Welfare Analysis Of Vertical Integration
    1,489 words
    What are the arguments for and against vertical integration? A vertical structure consists of an upstream firm such as a manufacturer of an intermediate good, and a downstream firm such as a wholesaler or a retailer. The down stream firm may also be a manufacturer or service provider using the intermediate good as an input. An upstream firm is said to be vertically integrated if it controls (directly or indirectly) all the decisions made by the vertical structure. The vertically integrated profi...

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