Dixon Ticonderoga Dixon Ticonderoga is one of the oldest public companies in the United States. The company’s flagship product is the ubiquitous No. 2 yellow pencil‚ introduced in 1913‚ which is known to almost anyone who went to school or took standardized tests in the United States. With annual revenue of a little more than $100 million‚ Dixon Ticonderoga is the second largest pencil manufacturer in the country. For most of its history‚ Dixon Ticonderoga has been a prosperous company‚ but
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Who invented the pencil? The origins of the humble pencil go back thousands of years. The ancient Egyptians and Romans used a stylus‚ a thin metal stick usually made of lead‚ to scratch words into an early form of paper called papyrus. Different versions of this device were used for centuries. It was not until the 16th century that early pencils were produced. A large deposit of graphite was discovered near Grey Knotts in England during the first half of the 1500’s. Local residents cut the graphite
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Thought the interview was unnecessary‚ put it in as filler Thought it was all-encompassing and informative Pencil Silverpoint is a graphic medium which preceded the common lead pencil. Instead of lead a point of silver wire is fixed in a wooden holder. Since this will leave but the faintest trace on an ordinary paper surface‚ a special ground must be prepared. A paste of powdered bone or chalk mixed withwater and gum or starch is spread with a stiff brush in thin coats‚ each coat being allowed
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The story‚ I‚ Pencil‚ demonstrates many economic principles. Having every part of the pencil made in different areas around the world‚ trees grown in Northern California and Oregon‚ graphite mined from Sri Lanka‚ and a rubber like product for the eraser from Indonesia to name a few‚ illustrates specialization. Each area has comparative advantage for making what they produce. The story also illustrates division of labor. The parts of the pencil are divided among groups of people to make. The people
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on the top of pencils. Today they are still being used throughout the world! What would life be like without pencils? Now people do not have to worry about making mistakes on a paper because erasers have been invented. So many things have been invented with the help of pencils. Pencils help us learn‚ teach‚ and invent. The pencil with an eraser top was created by Hyman Lipman‚ but soon after he ‘invented’ the pencil people said he did not really invent that type of pencil. Pencils and erasers have
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Economics of Pencil Making Just as with any other manufactured products‚ the economics of pencil manufacturing are driven by a number of factors. These cost drivers include: • cost of raw materials (wood‚ graphite‚ clay‚ brass or aluminum for ferrules‚ lacquer components‚ etc.) • cost of parts or other finished components used to assemble the pencil • cost of transportation and handling of various materials used and of the finished product to the factory • cost of labor and benefits for the
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Dixon Ticonderoga Victim Of Globalization Case Discussion – No.1 Dixon Ticonderoga – Victim of Globalization 1. The reasons for cost advantage in Chinese pencil production: a. Cheap labor availability China is a country with high population and the labour is cheap compared to the US labour which results lowering of the cost. b. Availability of raw materials The raw material could be cheaper in China compared to the sources which US is being supplied for the pencil production
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simple an object as a pencil exists‚ for no one person knows how to make it. Rather‚ it is the spontaneous order of the market that allows the pencil to come into existence. The spontaneous order of the market is only possible when individuals have the freedom to exchange their goods and services for those goods and services of others. Erin A. Yetter explained why trade occurs: “People (or entire countries) trade because they will enjoy a wider variety of goods.” The pencil is a perfect example
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Case Discussion – No.1 Dixon Ticonderoga – Victim of Globalization 1. The reasons for cost advantage in Chinese pencil production: a. Cheap labor availability China is a country with high population and the labour is cheap compared to the US labour which results lowering of the cost. b. Availability of raw materials The raw material could be cheaper in China compared to the sources which US is being supplied for the pencil production. c. Quality parameters Compared with US the quality
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Dixon Ticonderoga 1. Why do you think that the Chinese apparently have a cost advantage in the production of pencils? a. Chinese apparently have a cost advantage due to the amount that they can sell pencils at. It may be due to the domestic competition‚ a rebate the Chinese offers for exports of pencils‚ and the lowering of duties that where imposed by the U.S. Department of Commerce. Also‚ the Chinese continued to find ways of lowering cost‚ increasing technology‚ and their know-how in making
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