The massive volume of online clothing returns.takes us to the value of standardized dress sizes and the transactions costs of free shipping.…
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.
Nike’s Amazon Problem
Nike’s Amazon problem related to the difficulty that most big brands would have with losing power at the Everything Store.…
How Mexican Tequila is Like New Zealand Honey
Protecting honey through a trademark or an EU PDO are the goals of the makers of New Zealand’s manuka honey because others are producing similar products.…
Why It’s Time to Think More About the Time
Because of the benefits of perpetuating DST, we can eliminate the Standard Time switch and even leap to one universal time for everyone.…
Throwback Thursday: When We Got Amazon Prime
#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.…
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.…