From Dior to GM, when we look at golf, sanitizer, and ventilators, the production changes necessitated by the coronavirus depends on the factory.…
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 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.…
The Problem With Finding the Right Size
The massive volume of online clothing returns.takes us to the value of standardized dress sizes and the transactions costs of free shipping.…
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…