Preview

Week 3 Reflection

Satisfactory Essays
Open Document
Open Document
351 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Week 3 Reflection
Identify an organization not previously selected and recommend methods to reduce costs. What effects do technologies have on costs? What are some lower-cost sources the organization can utilize to reduce costs? What considerations might cause a profit-maximizing firm to decide to forgo using lower-cost sources?

A: A small candy factory can install within itself improved machinery that would make it possible for the company to make more items. A small candy factory would benefit from technology in that it would make quantity supplied higher while retaining the same cost of production. Lower cost resources, such as only employing enough labor to equal capital would maximize profit. Also, better technology would maximize profit by creating efficiency. A profit maximizing firm should decide whether to cut costs by laying off workers to increase profit or to use better technology to increase production to increase profit which of course and the assumed idea is that at the present time the demand will stay constant and more supply will yield more profit.

· What market structure best characterizes the market in which University of Phoenix competes? How does this structure influence the university’s pricing strategy? How does University of Phoenix differentiate its product from that of its competitors? Has University of Phoenix erected nonprice barriers to entry in this market? Can University of Phoenix do more to create nonprice barriers to entry in this market?

University of Phoenix works in a Oligopsony market in which is a market form in which the number of buyers is small while the number of could be large. University of phoenix differentiates its product from that of other competitors by offering a chance to take take classes using the internet and flexibility of time. This allows U of Pheonix to target a specific segment of that market. Some nonprice barrierts of entry that University of Phoenix has created are customer loyalty and advertising.

You May Also Find These Documents Helpful

  • Good Essays

    Week 3 Critique

    • 646 Words
    • 3 Pages

    Week three topics included the Multiplier Model, The Financial Sector and the Economy, and Monetary policy. Most of our team was comfortable with the financial sector and the economy, especially with understanding how the interest rates work. Learning how the Federal Reserve works and controls the money supply and interest rates in our economy was an interesting point for many of us as well. Appendix A. contributes valuable information about assets and liabilities along with information about stocks and bonds. Understanding about the Federal Reserves and how they control money and bonds, the effect it has when they sell and buy bonds, and what it does to the economy when they do either one to try and stimulate the economy or slow the economy were comfortable for most of our team.…

    • 646 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Substantive law states that when you have a contract with someone they are obligated to fulfill the contract. If they do not you have the right to take them to court any damages that you have incurred due to the failure of the contract. The procedural law gives you knowledge on how to file your lawsuit, the statute of limitations on the lawsuit…

    • 686 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    week 3 discussion

    • 388 Words
    • 2 Pages

    Can you keep the words in this form or do you need to refine and revise them for public communication? Explain.…

    • 388 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Yammer Innovation Analysis

    • 3955 Words
    • 16 Pages

    With Mark Zuckerberg, Facebook and Twitter , social networks had begun to be the stars of the internet, everyone wanted to invent new ones with different objectives and for different users, but no one has succeed or even tried hard when talking about enterprise social networks, and that’s what Yammer is about. This is how they define their self :…

    • 3955 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Egl 202 Week 1 Reflection

    • 560 Words
    • 3 Pages

    ENGL 202 was a tremendous experience for my second quarter at Humphrey's University. I feel that I have benefited from the knowledge gained from the course and learned vastly to working and analyzing not only my own writings but also with other writings. In the beginning of this course, we have learned how to specifically understand how a well-versed paper can be defined and what it is not. The first essay that we analyzed was based off a concerned parent to beauty pageants for children under 10 years of age. We first analyzed her topic and learned that while it is a concerning issue, her essay was no more than a simple rant that lacks research and specific data that would be relevant to her essay. From there we analyzed other topics that, while they were well-researched topics, they had specific “holes” in them that affected their credibility, such as a lack of authority towards the author or missing valuable research. One in particular was to an author that relied on emotion for being against the death penalty. These helped us to analyze essays better and to learn what not to do in a research assignment. This next element of…

    • 560 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Week 3 Discussion

    • 344 Words
    • 1 Page

    Think back to a time when you had a supervisor or coworker who you believe made an unethical decision or exhibited unethical behavior. List at least two reasons why you think people are tempted to act unethically. Describe the most effective safe guards that you believe an organization can put into place to prevent unethical behavior within the organization.…

    • 344 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Weekly Reflection Week 3

    • 592 Words
    • 3 Pages

    Within each market structure, competition plays a role in the establishment of the market. Perfectly competitive markets lay the foundation for competition in monopolies, and oligopolies. To consider perfectly competitiveness, firms must offer the same products, among other qualities. This strategy ensures that competition among firms is truly competitive as each firm is offering the same products. Monopolies however use the strategy of exclusivity to yield market space. In a monopoly, firms are the sole provider of a product to consumers and have no competition. To be the one and only providing a product yields market space in this structure. There are also monopolistic competition structures that provide…

    • 592 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Week 8 Reflective Report

    • 399 Words
    • 2 Pages

    Week 8 reflection was a little overwhelming there a lot to learn over a lathe and having no experice with one does't help. I did know one thing about this mehciean through that's diffrent from the drill press and mill and that the parts spine and the cutter is statianary. learning the nomain cleatuers of the lathe was somthing I can see to be important like anything being new. You need to know the parts your working with. So starting out knowing the location of the headstock, motor, tailstock, spindle, tailstock spindle, apron, saddle, cross slide, clutch/brake, spidle speed selector, quick change gearbox, split nut contol, carriage, ways, compound rest, tool post, longitudinal and transverse feed control, lead screw, feed rod, and bed are…

    • 399 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    3-Week Reflection

    • 504 Words
    • 3 Pages

    Throughout the 4-week stimulation and 3-week role play, I have gained a better insight on how to give a comprehensive consultation to patients with equipped communication skills, which is also the main reason for me to choose this unit. During each week, I was putting effort in improving my communication and clinical decision making skills in the consultation as well as to boost my courage to communicate with patients in different situations.…

    • 504 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Spirit Week Reflection

    • 300 Words
    • 2 Pages

    Pajama Day, Twin Day, 80’s Day, Geek Day and Sport Team Day are just a few of the typical activities that Student Council members present for approval by the administration team of spirit week. Spirit Week is connected typically to a schools Homecoming activities. Therefore, when Mr. Daniels presented the purposed days to the administration team everyone seem to agree except for myself. However, I did not disagree with all the days just one day in particular: All Color Day. All Color Day is where students can choose one color and all of their clothing items must be that color.…

    • 300 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Marketing Strategy Paper

    • 1460 Words
    • 6 Pages

    A business must be highly competitive in the business markets today. For a business to grow successfully, remain sustainable, and competitive a business needs a good understanding of a marketing plan, and the knowhow to put the concepts to work for the business achieving a successful marketing strategy. Remaining successful when an economic growth has leveled out shows a sustainable business. Competitors that follow the same marketing concepts will need to develop a good marketing plan, and implement the concepts into a marketing strategy to remain a competitive business. A good marketing strategy contains a marketing plan describing the products offered, and taking into account anticipation of competitor moves. In this paper the subject will describe the four P components and how the University of Phoenix has implemented the P’s, and maintained a marketing strategy keeping the university competitive. Included in these concepts of The University of Phoenix marketing strategy is the discussion of the target market, and the marketing components the university has used before implementation of the P components in the marketing strategy.…

    • 1460 Words
    • 6 Pages
    Best Essays
  • Satisfactory Essays

    Week 10 Reflection

    • 73 Words
    • 1 Page

    I will try to remember not to use the first person “we” and “our” in future papers.…

    • 73 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Week 1 Reading Reflection

    • 1009 Words
    • 5 Pages

    Ellis, R. P. (2006). Robert Frost. Magill’S Survey Of American Literature, Revised Edition, 1-10. Retrieved May 26, 2013 from…

    • 1009 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Week 1 Reflection

    • 434 Words
    • 2 Pages

    The most important point of this week’s reading is stating that the planners will have an organized plan for improvement in society. For example, the planners will work on making room for growth and industry after creating the towns and cities. One way to make that plan to happen is by starting to build places where the people would prefer to live, work, or shop; this would create a city. By the 19th century, the nation was filled with towns and cities from coast to coast. Once a town or a city is built, then that is when improvement could begin. Some cities have may environmental concerns that need to be dealt with; Massachusetts is one example. Massachusetts formed the Metropolitan District Commission which is responsible for regional sewerage and water. This was created to eliminate the environmental…

    • 434 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Mcafee Case Study

    • 3406 Words
    • 14 Pages

    "Network Associates(R) to Host Webcast on Organizational Cost-Saving Strategies. " PR Newswire 28 July 2003 1. ABI/INFORM Dateline. ProQuest. W.A.W. Library, Emporia, KS. 11 Nov. 2008 <http://www.proquest.com/>.…

    • 3406 Words
    • 14 Pages
    Best Essays