With champagne sales plunging because of pandemic lockdowns, growers and Houses like LVMH are behaving somewhat like OPEC.…
Business
Formally called the theory of the firm, the business category focuses on ownership, production and competition. Our goal is to understand business behavior. For ownership, topics include the corporation and sole proprietorships. For production, the focus involves maximizing profits. With competition, topics relate to a continuum that spans the 4 basic market structures: perfect competition, monopolistic competition, oligopoly and monopoly.
How to Slice An Apple (Share of Stock)
Beginning with revenue from the “computers” that two partners named Steve built in a garage, Apple’s finance depended on the potential of the corporation.…
Why It’s Tough to Make a Movie During a Pandemic
Similar to schools and businesses, the reopening cost of making a movie safely during the coronavirus pandemic requires extra people, time, and money.…
What Empty Stadiums Could Do To MLB
With coronavirus social distancing, MLB revenue and costs will depend on if, how many, and when fans can attend baseball games.…
A State-by-State Look at Quarantine Takeout
Ranging from tacos to dumplings to General Tso’s chicken, our state-by-state quarantine takeout preferences are different.…
The Coke Pepsi Space Race
After visiting NASA in 1984, Coca-Cola started a cola space race against Pepsi that did not quite work out as it expected.…
How “Trolls World Tour” Is Changing the Movie Business
On April 10, when Trolls World Tour was supposed to hit the movie theaters, none were open. So NBCUniversal decided to proceed with a streaming release instead. Other studios were postponing film open…
How Golf is Like Dior Perfume
From Dior to GM, when we look at golf, sanitizer, and ventilators, the production changes necessitated by the coronavirus depends on the factory.…
How Mattress Markets Have Inflated
An example of the revolution in mattress markets, Casper has been a leader and a victim of the competition that its innovation inspired.…
What Restaurants Really Sell Us
While many of us think that restaurants sell us food, economists point out that they are actually renting space to diners for several hours.…