and calculations. II. Background The Florida Motor Fuel Marketing Practices Act (MFMPA) determines motor fuel cost for non-refiners as the actual invoice price‚ including associated freight charges and taxes‚ plus direct labor and reasonable rental value of the outlet attributable to fuel sales. The invoice price by its nature can be directly attributable to each grade of gasoline at a per
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Question 1 asked to complete a five forces analysis of the US Express Mail Industry. A five forces analysis is done to rate the attractiveness of an industry. Threat of new entry is low because the barriers to entry are high. Newcomers to the industry would require an enormous amount of up front capital to set up the distribution networks and infrastructure‚ such as establishing hubs‚ and acquiring aircraft and a large amount of ground transportation vehicles (vans‚ trucks‚ ect). Economies of scale
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PORTER’S FIVE FORCES Threat of new entrants Existence of barriers to entry are low Few new firms can enter and non-performing firms can exit easily 3D printing will lower barriers to market entry and will enable innovative start-ups to target the market using crowd-funding.. Free R&D also dramatically lowers the barriers to entry. Capital requirements - Lower costs of technology equipment. First‚ AM reduces the capital required to achieve economies of scale. Second‚ it increases flexibility and
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1. What was the utilization achieved by CRU in 1996? Utilization = Inventory on rent / Inventory owned Inventory on rent = 1‚000 units per week x 8 weeks = 8‚000 Inventory owned = 8‚000 + 500 + 1‚500 + 1‚000 + 905 + 500 + 2‚000 = 14‚405 Utilization = 55% (8‚000 / 14‚405) Customer Receiving Status 24 Status 40 Status 41 Parts (order forms in Que) Supplier (waiting for parts) Status 42 Status 20 Throughput (units/week) 1000 1000 700 405 405 405 405 405 1000 (1000 x 70%) [(1000
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Concepts Applicable to the Nonprofit Setting and to Our Understanding of Strategic Nonprofit Leadership and Management In the opening paragraph‚ Porter makes an important reference to the importance of not only a company’s position‚ but the position of the industry as well. He states‚ “A healthy industry structure should be as much a competitive concern to strategists as their company’s own position. Understanding industry structure is also essential to effective strategic positioning” (p. 80). I
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Porter’s Five Forces The Threat of New Entrants (Low) There is a great amount of economies of learning and scale in the oil industry for Example BP has been searching for oil since 1901. They invest a huge amount in up-to-date technologies making it difficult for new entrants to compete. His obviously requires huge capital investments in R&D as well as start-up cost‚ for example a truck just to carry the oil costs over $1‚000‚000. There is a lot of regulation in the industry especially with
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Porter is a recognized leader in competitive analysis elaboration and his five forces model has contributed to the study of competition (Porter 1979). It is necessary to point out that Porter’s approach to alternative strategies’ generation is a well-defined one and is based on the following statement: Company’s position stability in a market is determined by: costs of production and marketing of goods; irreplaceable products; competition’s sphere (the volume of market adaptation). A company
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treasured toy‚ a bright red Ferrari Testarossa Hot Wheels car‚ and rolling it back and forth on the glossy‚ white tiled floor of my house. It never left my hands‚ accompanying me to restaurants‚ my grandparent’s house‚ and even Disney World. Somehow‚ the simplicity of this toy car fascinated me. As I entered elementary school‚ I realized that real cars are more intricate and even more fascinating than the ones that fit in the palm of my hand. Each car has a beating heart of its own called an engine. Intrigued
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Muscle cars have always been a big in the United States such as the Ford Mustang‚ Chevrolet Camaro‚ and Chevrolet Corvette. These cars are some of the most popular cars for the past 25 or more years‚ but over the past 10 years‚ Japanese cars are becoming more and more popular. Many people who are into muscle cars despise these ’imports’ and people who are into these imports have the same feelings toward muscle cars. These two types of car lovers have a strong dislike for each other and these cars. Many
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Why Teenagers Need Cars Imagine cruising down the highway in a brand-new red Mustang. This must be every teenager’s dream‚ though in reality‚ a compact sedan with a couple of dings in the door is probably more typical for those lucky enough to have a vehicle. Life is hard for teens who lack their own set of wheels. Today a car is a necessity‚ not a luxury‚ for teenagers‚ in my opinion. To begin‚ the daily schedule of the average student is a whirlwind of activity. What parent has time to
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