When their requirements are outdated or illogical, FDA guidelines can create misleading labels for foods like eggs and skim milk.…
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.
Law and Odor at a North Carolina Hog Farm
You have a regulatory dispute when North Carolina’s hog farmers want to use their less costly manure lagoons while neighbors, objecting to the smells, want legal limits.…
The Downside of a Minimum Wage Increase
While it is easy for us to see when the minimum wage goes up, the impact on low wage workers’ non-wage compensation is much less evident.…
Looking At The Big Picture in the Movie Industry
While the movie industry has been disrupted by more of us watching movies and Netflix series at home, it might not be dying.…
When a Tesla Price Tells Us All We Need To Know
Just by looking at a $35,000 Tesla price, we can decide if Elon Musk is creating luxury vehicles or cars for the masses.…
Why Starbucks Has a Multi-Billion Dollar Name
Valued at billions of dollars, Starbucks has developed a global brand that added to what the Starbucks name was worth to Nestlé.…
Deciding If Your Digital Assistant Is Unethical
Creating a long list of ethical dilemmas, Google’s Duplex is a digital assistant that sounds just like a human when scheduling appointments.…
Why Guinea Pigs and Party Dresses Are Similar
Whether looking at guinea pigs or party dresses, you get rental markets when time and money make people avoid a purchase.…
The New Shopper (Who is Really Old)
As an aging population soon takes us to a demographic turning point, retailers will adjust the shopping experience to an older customer.…
Why We Need Holey Cow and Other Cheesy Names
Even U.S. cheesemakers suffer when the EU (European Union) says you can’t use a label like Parmesan or feta because your cheese wasn’t made in the required place.…