#TBT: Looking back to the creation of Amazon Prime, we see we’ve come a long way from what we used to expect when we ordered online.…
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.
Why We Should Buy Popcorn at the Movies
When you see why movie theater tickets are cheap and movie theater popcorn is so expensive, you might want to buy more popcorn.…
The Chicken Sandwich War That Popeyes and Chick-fil-A Started
A Maryland man tried to sell his Popeyes chicken sandwich for $100 through Facebook. He even offered to deliver it in the DC area for an extra $38.52. Because of the frenzy over the sandwich, he might…
What Feta Farmers Fight For
The EU provides feta cheese makers protection from competition through a geographical indication that gives their name monopoly power.…
Some Fast & Furious Competition
As movie star brands, the images conveyed by three of the stars from the Fast & Furious film franchise reflect their macho focus.…
The Minimum Wage Floor Debate
The estimated impact of a federal minimum wage increase to $10, $12, or $15 will create a range of tradeoffs between jobs and earnings.…
An Unusual Pizza Market
When we compare pizza competition on an island to everywhere else, we wind up with some of what we expect but not entirely.…
The Countries That Return Lost Wallets
Looking at honor systems in stores and for lost wallets, we can see how people respond and where to find the most honesty.…
How To Get Speedier Fast Food
Hoping to increase its drive-thru speed, McDonald’s has begun to use voice recognition technology to compete against other fast food chains.…
Throwback Thursday: Was Sears, Roebuck the First Amazon?
#TBT: Through the amazingly similar prefabricated houses that they both have sold, we can see why Amazon has been called the new Sears, Roebuck.…