« previous next »

Author Question: Toyota's just-in-time system is an example of A) backward (upstream) integration. B) ... (Read 30 times)

Jipu 123

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
Toyota's just-in-time system is an example of
 
  A) backward (upstream) integration.
  B) quasi-vertical integration.
  C) using transfer pricing to avoid price controls.
  D) horizontal, downstream integration.

Question 2

Restaurants cluster together. That is, on one corner, there may be four similar fast-food restaurants. How can this be explained using a location game theory model?
 
  What will be an ideal response?


sarah_brady415

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

Similar to the beach kiosk model, restaurants cluster because they attract the most customers that way. One explanation might be: assume that customers have identical transportation costs, are distributed uniformly, and have no preference for one restaurant over another. Then they will always go to the closest restaurant. If one is located far away from the other, it would attract customers on the other side of it, but only half of the ones between it and its rival. If it locates next to its rival, it gets all the customers on that side, and thus maximizes profit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Motion of the barycenter of the Solar System relative to the Sun Motion of the barycenter of the Solar System relative to the Sun
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Functional divisions of the nervous system. Functional divisions of the nervous system.
The integumentary system. The integumentary system.
The major human endocrine glands and their central nervous system control centers The major human endocrine glands and their central nervous system control centers
Respiratory system Respiratory system
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library