Discussion responses
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Question
Labor respond with 150 words – 5 days ago
Suzanne As a state legislature, that needs to write a public sector bargaining law with several factors. First, I need to understand public sector bargaining. The process starts with collective bargaining. The collective bargaining rights of public sector workers allow them to fight for better services for the communities they serve. In my law, I would make it where workers would not be permitted to strike, and the dispute resolutions begin with mediation and, if needed, the next step would be fact-finding. Mediation is an essential step because, in the public sector, they act as the “deal maker,” which is the most widely know impasse procedure. I would limit fact-finding because parties tend to be delayed in presenting their final offers due to this step’s anticipation. I base the limited fact-finding process because research has shown this process does not always produce substantial results. Additionally, I would limit the time an impasse can occur, and should the parties surpass the deadline; they will incur a financial penalty. To sell my law to the vested parties, I would re-affirm that this is a solution-based law that positively impacts the public and public workers. Also, because there would be time limits and sanctions for those that go on strike, I would highlight the cost savings to obtain more interest in the law.
operations -respond with 100 words
Suzanne Why shouldn’t low wage rates alone be sufficient to select a location? Please use an example of productivity calculations comparison to support your answer.
Low wage rates alone can not be sufficient to select a location because of productivity. To further expand, we can look review several reasons why. First, we need to understand what the company is producing and where the product or services are being delivered. Are their customers close in proximity? Where is the company shipping their goods? While the wage rate may be down, the shipping, taxes, and export charges may be more. Could the location impact the organization’s image? For example, moving the organization to another country where wages are low but labor laws are limited, children are used to producing the goods, therefore damaging the organization’s reputation. While the wage rate may be down, the shipping, taxes, and export charges may be more. Traditionally workers who are paid a lower wage tend to be less productive. Conversely, a low wage rate market may not have the talent that needs to be hired to do the job.
Productivity calculations are Total Output/Total Input = Labor Productivity
$90,000 Goods/1500 Hours = $60 per hour of work
30 Employees $3,000 per week per employee
Fahim- respond with 100 words There are a few different reasons why low rage rates alone shouldn’t be sufficient enought to select a location. To begin with, it really depends on what each company decides to manufacturer. An inexpensive wage rate may compensate the high customs of shipping costs that the company must pay to send its product to the area where the demand is higher (Curtiss, 1963). Productivity also plays a keen role in the issues as well (Curtiss, 1963). There will be a decrease in productivity due to the low wage rates, and workers will be less motivated to provide effective work. There also may be government rules that could counter this benefit. However, very frequently wage rates do regulate the location, which is the reason why many factories are opening in develping countries. There are many factors to consider. For example, the impact it could have on the locations perception to the firms brand image, supplier proximity, security, availability of capable workers, presences of target market, rental/lease price of office space/store in the area, demographics, and parking availability.
Marketing – respond with 100 words
kia Accoridng to Armstrong & Kotler (2021) the company will look for a set of profits that maximize the profits on the total product mix. This is the result of the strategy for pricing the product needed to be changed. The first product mix pricing strategy is product line pricing. This involves setting prices across the entire product line. One example mentioned in the book is Microsoft’s Go tablet for $399, and thw Surface Pro tablet for $899. The second product mix pricing strategy is optional product pricing, which is accessory products along main product. One example is a refrigerator with optional ice makers. The third product mix pricing strategy is captive product pricing. One example of captive product pricing is PlayStation ( PS4) systems and gaming consoles, games, and charging cord (PayKickStart, 2019). The forth product mix pricing strategy is by-product pricing. This consist of pricing the by-products offset the cost of disposing them, and to help the main product more competitive (Armstrong & Kotler, 2021). One example mentioned in the text, was the disposal of chicken feet to China, because the demand is high there, and not in America (Armstrong & Kotler,2021).
The fiftth product pricing strategy is product bundle pricing, which is selling several products in a bundle for a reduced price. One example is fast food combos, which consist of sandwich, fries, and a drink (Armstrong & Kotler,2021).
David – respond with 100 words
A product mix can be made up of many similar items such as different cleaning items, or they can be quite the opposite of each other (Suttle, 2019). A product mix is used quite often as the strategy can be an ever changing one. This could be because the original product, is generating a revenue, but it may seem revenue is being left out on the table where they introduce a product mix of things such as accessories. Think of a razor brand. They sell the razor and it will usually come with a blade, but what happens when it’s used and abused? Buy another razor? Sure, but that may earn the company only another seven or eight dollars where as if they were to sell the razor blade cartridge’s separately, they will sell for more as they come with a generous amount of blades making it worth the value to the consumer now since they don’t have to go out and buy a new razor every few weeks. The five product mix pricing strategies are product line pricing, optional-product pricing, Captive-product pricing, by-product pricing and product bundle pricing (Kotler & Armstrong, 2021).
Product line pricing- A perfect example of this would be Hyundai. They have an entry level car which is the Elantra for the lowest price. Then you go up a tier higher to the Sonata. It costs a little more, but is a bigger car. This goes up to their Genesis for those who have a larger budget and want more luxury, and this is one of their more expensive options.
Optional Product Pricing- Using the Hyundai example, for whatever model you choose, you can add different options such as cargo dividers for the trunk, reverse camera, upgraded entertainment system, and so on.
Captive Product Pricing- An example of this would be a new phone. Let’s say you just got a new iPhone, but want to keep in pristine condition. Apple sells other accessories for the phone such as screen protectors and cases.
By-Product Pricing- Think of HP and their printer division. You have the printer, you got your paper, but what kind of things will you be doing? Maybe some laminating once you print a document? So they will also sell or promote laminating sheets. You want to keep the printer clean internally, so they will do the same with the can of dust spray.
Product Bundle Pricing- You see this all the time in promotional ad’s and even on Amazon. Using the HP Printers company again, they may have an HP Printer on sale for $199.00 but if you buy the printer, two cartridges of ink, and a ream of paper, you can get all three items for $175.00
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