« previous next »

Author Question: Toyota's just-in-time system is an example of A) backward (upstream) integration. B) ... (Read 65 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?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Gastrointestinal system Gastrointestinal system
Procedures and Diagnostic Tests Related to the Male Reproductive System Procedures and Diagnostic Tests Related to the Male Reproductive System
Some vehicles use a surge tank, which is located at the highest level of the cooling system, with ... Some vehicles use a surge tank, which is located at the highest level of the cooling system, with ...
Very nice definition of time Very nice definition of time
The Oceanic Ridge System The Oceanic Ridge System
The time spent in each interval of one complete cell cycle of a human cell in culture The time spent in each interval of one complete cell cycle of a human cell in culture
Video: Deglutition

For a complete list of videos, visit our video library