Question 5 Year 2010 2011 2012 2013 2014 2015 Economic Growth (%) 2.7 1.7 1.3 2.7 2.5 1.9 Unemployment (%) 9.6 8.9 8.1 7.4 6.2 5.3 Examine the data on the economic growth and unemployment rate for 2010-2015 (i) (ii) What trends do you observe in the unemployment rate? In economic growth? Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. Does the relationship observed in part 2 satisfy the economists' view of the relationship between economic growth and unemployment? Use references to (iii) support your answer.

Question 5 Year 2010 2011 2012 2013 2014 2015 Economic Growth (%) 2.7 1.7 1.3 2.7 2.5 1.9 Unemployment (%) 9.6 8.9 8.1 7.4 6.2 5.3 Examine the data on the economic growth and unemployment rate for 2010-2015 (i) (ii) What trends do you observe in the unemployment rate? In economic growth? Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. Does the relationship observed in part 2 satisfy the economists' view of the relationship between economic growth and unemployment? Use references to (iii) support your answer.

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.3SD: Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling...

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Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?
Rate% 2016 2017 2018 2019 2020 Unemployment 19.91 19.10 19.29 15.59 17.13 Economic 3.98 3.48 2.63 1.79 -20.21 1. From the table (Country X) plot a graph. 2. What trend do you observe in unemployment rate? Economic rate 3. Identify the relationship between economic growth and unemployment if any (positive, negative, no relationship) Use the data to justify your choice) 4. Does the relationship observed in number 3 satisfy the economic view of relationship between economic growth and unemployment? Use references to support your answer.
Q-5: A firm A tries to estimate the relationship between demand for its product and income of the consumers. By estimating the relationship, it has been found that B= -0.85. Interpret such a relationship. (4)
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Economic and business environment analysis: What is the Business environment like: Government attitude to foreign investment and trends, ease ofdoing business, trade regulations in germany What is the Inflation levels, currency exchange rate; risks of devaluation versus the dollar in germanyWhat is the Education and literacy levels, availability of skilled labor, labor costs in germany This information must be linked to the product ( time and patience bakery bread)
4.29. The demand for all-terrain bicycles had been steadily increasing since 1989. In the following table are the sales per quarter of mountain bikes produced by Canyon and Cactus Cycles since the second quarter of 1989. (a) Plot the data and verify that the model for linear trend is acceptable. Draw a line through the plotted data and obtain a visual estimate of a and b. (b) Estimate the parameters of the model in preparation for double exponential smoothing. (c) Forecast sales for the third quarter of 1996 using these initial estimates. (d) Forecast sales for the fourth quarter of 1996 using alpha 0.3 and beta = 0.25 if sales in the third quarter of 1996 were equal to 234. (e) Use linear regression to estimate the parameters and forecast the third quarter of 1996.
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Q3. Identify the competitive behaviour responses of Tesco to build or defend its competitiveadvantages and to improve its market position.)
Table 23.1: Vital Economic Statistics for An Earthly Economy Nominal RGDP Total GDP Price Population Year ($ Billion) Index • (in Million) 7 $5,000.00 119 129.00 6 $4,900.00 117 128.50 5 $4,950.00 114 128.16 4 $4,890.00 110 127.45 Refer to Table 23.1. Real GDP per person dropped by about 0.05% 0.07% 0.08% 0.06% in Year 7.
Q2. Murad has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company, suppliers, marketing intermediaries, customer markets, competitors, and publics. In this instance, Murad has been directed to study the of the company. A) macroenvironment B) microenvironment C) technological environment D) demographic environment E) political environment F) All ANSWER: Explanation:
The contemporary business environment is characterised by increased competition betweensupply chains and alliances, rapidly changing technology and highly demanding customers acrossthe globe.. The projected industry growth promises greater prospects for the Lancewoodbusiness. Examine the potential risk levels posed to Lancewood when expandingtheir business deeper into South Africa and further into Africa, due to thefollowing risk factors:• Theft• Human error The forecasted industry growth might require Lancewood to seek additionalstorage space from public warehouses. Explain the extent such an industrygrowth could affect selection when these factors are taken into consideration:• Geographical location• Available technology.