The nation’s economic stability has many factors which amount to inflation. Inflation may be caused by a number of problems, but there are some specific examples which have direct control over which way the prices and spending sway. Inflation simply means that the American dollar, in this case, is less valuable on the foreign exchange…
C. brewer is the parent company of Mauna Loa Chocolates. And is also the parent company of Hawaiian Isles Kona Coffee Co. The oldest of the former Big Five companies, C. Brewer and Co., plans to relocate its corporate headquarters from downtown Honolulu to Hilo. C. Brewer, one of the state’s largest agricultural companies, today…
Alexander & Baldwin, Inc. (“A&B”) is a diversified corporation with most of its operations centered in Hawaii. It was founded in 1870 and incorporated in 1900. Ocean transportation operations and related shoreside operations of A&B are conducted by a wholly-owned subsidiary, Matson Navigation Company, Inc.(“Matson”), and several Matson subsidiaries, all of which are headquartered in…
J.C.H. Jones’s article “The Economics of the National Hockey League” (1969)purpose is to explain through simple micro economics that the prime motive of professional hockey team owners is profit maximization. The owners argue that their main interest is “for the love of the game,” not the financial benefits of owning a professional sports franchise and…
The Consumer Price Index is a measure of the prices of a fixed market basket of some 300 consumer goods and services purchased by a “typical” urban consumer. The 1982-1984 period serves as the base period so analysts can compare other year’s changes with this base period. The composition of the market basket is fixed…
THE THEORY OF STORAGE. “THE SUPPLY OF STORAGE REFERS NOT TO THE SUPPLY Of STORAGE SPACE BUT TO THE SUPPLY OF COMMODITIES AS INVENTORIES. IN GENERAL A SUPPLIER OF STORAGE IS ANYONE WHO HOLDS TITLE TO STOCKS WITH A VIEW TO THEIR FUTURE SALE, EITHER IN THEIR PRESENT OR IN A MODIFIED FORM. SINCE PRODUCTION…
John Bates Clark was an American economist who lived from 1847-1938. He played an important role in the development of marginal productivity, and had a great influence on the development of economic thought in the United States. Clark was educated at Amherst College and at the University of Heidelberg in Germany. He taught at Carlton…
The Malcolm Baldrige Award is the highest most recognized quality award in the United States of America. In 1987 the U.S. Congress established the Malcolm Baldrige award program to recognize U.S. organizations for their achievements in the quality and performance excellence as a competitive edge. Its recipients, that are well known, are held on a…
Reich uses the term “symbolic analysts” to describe what he feels one of the three main job classifications of the future will be. The symbolic analysts will be someone who is a problem identifier, a problem solver, or an innovator who can visualize new uses of existing technologies. This class of workers includes scientists, engineers,…
You may be in Mail Order, Direct Mail, or you may be a local merchant with 150 employees; whichever, however or whatever… you’ve got to know how to keep your business alive during economic recessions. Anytime the cash flow in a business, large or small, starts to tighten up, the money management of that business…
The Principle of Utility A. Jeremy Bentham (1748 – 1832) There are two main people that talked about the principles of utility and they were Jeremy Bentham and John Stuart Mill. First off I’ll talk to you about Mr. Bentham. It is helpful to see Bentham’s moral philosophy in the context of his political philosophy,…
In industrialized countries in which most people can earn a living only by working for others, being unable to find a job is a serious problem. Because of its human costs in deprivation and a feeling of rejection and personal failure, the extent of unemployment is widely used as a measure of workers’ welfare. The…
Waterford Glass was started by two brothers, George and William Penrose, in 1783. It was the most notable of all Irish crystal companies. In 1799, the Penrose brothers sold Waterford Glass to the Gatchell family. The crystal industry was prosperous until 1825. Irish glass manufacturers began to slowly close due to high export duties, the…
The WB was created by the Bretton Woods Conference and evolved by adding additional institutions as additional tasks were identified. The initial objective of the WB was to provide loans for the rebuilding of Europe after WWII, later lending is provided to developing countries to foster development. Membership in the IMF is a prerequisite to…
There are many economic issues facing the nation today. While some are extremely important in determining how the economy is balanced, others are not. Although this is true, that does not necessarily make these lesser important issues obsolete. Take, for example, the recent issue of corporate leaders matching contributors to the 401(k) plan with company…
Globalization is a worldwide scale of growth, an ongoing process where economies, cultures, and societies are being increasingly integrated. Today, it has become a very controversial issue. Globalization has both positive and negative effects on the world. Positive effects include the reality that large-scale companies that once only outsourced to western countries are now trading…
Crouteau and Hoynes addressed many of the characteristics of CNNization with depth and insight, but they did not adequately address one of the most important results of 24/7 media- myth and misinformation in the news. That is not to say that there were not errors in the media before CNN came into existence. However, the…
Canadian Code of Advertising The Canadian Code of Advertising Standards, which has been developed to promote the professional practice of advertising, was first published in 1963 The code sets the criteria for acceptable advertising and forms the basis upon which advertising is evaluated in response to consumer, trade, or special Advertising: any message expressed in…
The ‘Big Mac Index’ tries to use the prices of Big Macs in different countries to compare the accuracy of the exchange rates for different currencies. This is possible because McDonald’s operates in over 100 countries and the Big Mac is uniform in size and content in all countries The ‘Golden Arches Theory’ is that…
some businesses are set up solely to perform specific services for customers Other businesses offer value- added services, which are activities performed to support the sale of a product or other service Convenience o Means making some activity easier or more comfortable, and is a major reason why people shop on the internet o Customers…