FORM 2 COMMERCE PAPER 2 END OF YEAR EXAMS: 2012 TIME: 2 HOURS Answer any FOUR questions 1 (a) Give the factors of production and their rewards [4] (b)i) Explain/define these factors of production [8] ii) What is 1) direct production? [2] 2) What is indirect production [2] c) money is used as _____‚ ______‚ _______ and _____ [4] 2 (a) What are the disadvantages of division of labour or specialization
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Case Study # 1 – Zara / Due 10/13 – 10 pts / Professor Conrad Zara is one of the world’s largest and fastest growing apparel retailers‚ owing to a unique blend of business practices and an internal culture that many might say run “counter-intuitive” to those of competing U.S. retailers. More recently‚ however‚ industry analysts have started to suggest that the “fast fashion” business model that has made Zara so successful over the past decade has run its course and the very notion of disposable
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becoming increasingly common. How do you think Zara should adjust its distribution system to deal with this growing phenomenon? An important factor in the Zara brand success story is consistency in who’s running the show. Approximately 92 percent of all six-hundred-fifty-something locations are owned entirely by Zara‚ allowing for greater control over the brand’s execution strategy. Also‚ the ability to produce over half of its own product enables Zara to churn out new clothing lines every few weeks
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Running head: Zara Case Paper Analysis 1 Zara: IT for Fast Fashion Case Analysis Sonal Bhagwat University of Houston-Victoria MGMT 6352-2011FA-25125 November 2011 Zara Case Paper Analysis 2 Table of Contents: • Abstract 3 • Case Description 4 • Goals and Strategy 5 - Speed and Decision-making 5 - Marketing‚ Merchandising‚ and Advertising 6 - Information Technology 6 • Problem Analysis Firm-based-value chain model
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Zara Case Analysis Operations Management MBM1110 Table of Contents Executive Summary ................................................................................................................................. 3 Introduction ............................................................................................................................................ 3 Outstanding Operational strategies .......................................................................................
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billion in annual sales with the highest profit margin in the retailing industry. M & S is encountering some difficulties in logistics because it has lengthy logistics procedures forcing the retailer to order 9 months in advance. Competitors like Zara have very fast and efficient logistics with excellent lead time. Nimble competitors are offering low prices as well as achieving many deliveries per year of new fashion items. M&S decided to pursue a new strategy of improving their product appeal
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Avatar Assessment Avatar Assessment Task 1: Describe Jonathan Glennie’s opinion about the film Avatar Jonathan Glennie is right that local communities do oppose extractive projects but as a person who has visited a lot of these places‚ you can see it is a lot more complex than is presented in Avatar. Glennie is very biased towards the indigenous people because he talks about how displaced and how badly the indigenous people culture and environment are treated. He only talks about what the
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Businesses today use information systems to achieve six major objectives: operational excellence; new products‚ services‚ and business models; customer/supplier intimacy; improved decision making; competitive advantage; and day-to-day survival. 2. Define an information systems from both a technical and a business perspective. From a technical perspective‚ an information system collects‚ stores‚ and disseminates information from an organization’s environment and internal operations to support
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Week 2 Study Questions: 14-1. What are financial markets? What function do they perform? How would an economy be worse off without them? Financial markets are the key ways in which assist people with selling‚ purchasing‚ and as well as trading financial securities such as bonds and stocks. Financial markets for all intents and purposes divert funds from agents to lenders. Various types of financial markets are commodity markets‚ capital markets‚ bond markets‚ money markets‚ and even
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Amazon Warrior Women 1. Who were the Amazon Warrior Women? A group of Women warriors thought to have settled around the Black Sea. Who mated with vanquished foes and only kept the female children they bore. 2. Where are references to the Amazons found? The first account was found in Homer’s ILIAD‚ an account of the Trojan War. Greek historian Herodotus talked about a group of women warriors in his writing around 5th or 6th century B.C. 3. What evidence is there that the Amazons may have existed
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