Service pricing strategies for maintenance servicesShaun West
EUROMA 2016 conferance paper:
The objective of this paper is to identify and describe the maintenance service pricing models used by firms servicing industrial equipment. Today, price pressure in this market has been seen to be increasing with changes in customer buying behaviors. This pricing pressure confirms the need to focus on customer value when pricing (Anderson et al., 2006). Value pricing has been seen to be selectively successful in the B2B environment. Through analysis of different buying behaviors in different industrial segments this paper highlights difficulties and provides guidance on how to overcome them.
Performance of Power Loom Textiles: A Resource-based ViewAM Publications
Despite increasing attention paid to the Resource-based View (RBV), there is a dearth of empirical evidence
on the interactions among different RBV performance dimensions and their effect on organizational performance.
This paper examines and to extend the literature, by obtaining an understanding of the link between resources,
capabilities and organizational performance in terms of operational performance, financial performance and non
financial performance by using a survey research in the framework of Resource-based View. The RBV involves the
different performance dimensions such as tangible assets, intangible assets and capabilities. Numerous prior studies
have sought to examine the links between resources and organizational performance in particular efficiency by
secondary data and using quantitative methods.
This paper involved a quantitative examination of the relationship between tangibles assets, intangibles assets
and capabilities and organizational performance of power loom textiles of Maharashtra (India). The primary data of
one hundred and sixty power loom textiles of Maharashtra is collected through questionnaire to examine the
relationship between tangibles assets, intangibles assets and capabilities with the operational performance. It also
examines the relationship between operational performance with the organizational performance. This study finds a
positive relationship between performance dimensions and organizational performance. The hypotheses are developed
in the framework of RBV and tested by using the statistical method.
Service pricing strategies for maintenance servicesShaun West
EUROMA 2016 conferance paper:
The objective of this paper is to identify and describe the maintenance service pricing models used by firms servicing industrial equipment. Today, price pressure in this market has been seen to be increasing with changes in customer buying behaviors. This pricing pressure confirms the need to focus on customer value when pricing (Anderson et al., 2006). Value pricing has been seen to be selectively successful in the B2B environment. Through analysis of different buying behaviors in different industrial segments this paper highlights difficulties and provides guidance on how to overcome them.
Performance of Power Loom Textiles: A Resource-based ViewAM Publications
Despite increasing attention paid to the Resource-based View (RBV), there is a dearth of empirical evidence
on the interactions among different RBV performance dimensions and their effect on organizational performance.
This paper examines and to extend the literature, by obtaining an understanding of the link between resources,
capabilities and organizational performance in terms of operational performance, financial performance and non
financial performance by using a survey research in the framework of Resource-based View. The RBV involves the
different performance dimensions such as tangible assets, intangible assets and capabilities. Numerous prior studies
have sought to examine the links between resources and organizational performance in particular efficiency by
secondary data and using quantitative methods.
This paper involved a quantitative examination of the relationship between tangibles assets, intangibles assets
and capabilities and organizational performance of power loom textiles of Maharashtra (India). The primary data of
one hundred and sixty power loom textiles of Maharashtra is collected through questionnaire to examine the
relationship between tangibles assets, intangibles assets and capabilities with the operational performance. It also
examines the relationship between operational performance with the organizational performance. This study finds a
positive relationship between performance dimensions and organizational performance. The hypotheses are developed
in the framework of RBV and tested by using the statistical method.
Visite www.migbs.com
GBS: ¡EL NOMBRE DEL SOFTWARE CONTABLE #1 EN INNOVACIÓN PARA CONTADOR, ENTIDAD DEL ESTADO Y EMPRESA PRIVADA MIPYME!
¿Pensando en cómo Organizar y Controlar su Entidad Pública, Microempresa o PYME?
Conozca las Innovaciones que le ayudarán a mejorar la organización y control, la productividad y competitividad, aumentando hasta 300% la velocidad, seguridad e integración con la nube con GBS 2014:
Conozca las Razones por las cuales GBS es La Casa Colombiana de Software en la que usted sí puede confiar, al igual que 3500 empresas públicas y privadas, desde La Guajira hasta el Amazonas...
Visite www.migbs.com
Running head WHOLESALE INDUSTRYWHOLESALE INDUSTRY.docxrtodd599
Running head: WHOLESALE INDUSTRYWHOLESALE INDUSTRY
2
Wholesale industry
Edwaurdo King
November 8, 2018
Dr. B. West
Strayer University
Introduction
Wholesale industry is one of the sectors that ensures that goods from the producers reach to the intended consumers either directly or through the retailers. The industry deals in a variety of consumer goods and services (college grad, 2018). The industry is responsible for the transfer of the required products from the manufacturers to the consumers without making any change in the content or outlook of the products.
Industry Goods and Services
The industry deals with goods such as agricultural products, manufactured goods, and capital goods. The wholesalers use the warehouses as their main offices as they contact their clients to inform them of the available products. The role of the industry is to gather the finished products from different sectors for ease of collection by the retailers from their warehouses. The industry reduces the distance between the producers and consumers (college grad, 2018).
Market Structure and Characteristics
The capital requirement for the industry is enormous thus limiting the number of firms and individuals who can operate in the industry. There is stiff competition in the industry caused by the desire of individual firms to increase their sales volume (Fischer, 2018). The high cost of initial capital discourages the new entrant into the market, therefore, helping in maintaining a low number of firms in the market. Other factors such as product promotion, discounts, and bonuses are used to attract customers to give a difference between the companies. The characteristic in the market shows that the industry operates in an oligopoly market structure (Fischer, 2018).
The wholesale industry lack uniformity of the firms. There are different sizes of the firm in the industry because of the various products they sell. The size of the company is determined the amount of money invested and its level of trade in the market. Other firms are enormous while others are relatively small but operate in the same market (Fischer, 2018).
Microeconomic Relationships, Market Outcomes, and/or Trends
The industry has witnessed several changes in sales volume and the employment rate. The increase in sales in the wholesale sector is as a result of their fair prices compared to the prices offered by the retail trade industry. The number of employment opportunities has been in the rise for the past four months because of the expansion of the industry and improvement regarding trade (Wholesale Trade: NAICS 42, 2018). The number of job opportunities had increased from 5.8 billion in July 2018 to 6 billion in October 2018. The industry has an increasing earning rate from 3.3% in 2014 to 4.5% in 2017. The industry continues to attract more investor because of its rate of return on the investments. (Wholesale Trade: NAICS 42, 2018). Most of the firm has invested in technology th.
An overview of the Human Capital Management Market by Solution report. Human Capital Management Market by Solution (Core HR, Workforce Management, Compensation Management, Performance Management, Recruiting, Learning Management, Employee Collaboration and Engagement), by Industry Verticals , & by Region - Global Forecast to 2019
Visite www.migbs.com
GBS: ¡EL NOMBRE DEL SOFTWARE CONTABLE #1 EN INNOVACIÓN PARA CONTADOR, ENTIDAD DEL ESTADO Y EMPRESA PRIVADA MIPYME!
¿Pensando en cómo Organizar y Controlar su Entidad Pública, Microempresa o PYME?
Conozca las Innovaciones que le ayudarán a mejorar la organización y control, la productividad y competitividad, aumentando hasta 300% la velocidad, seguridad e integración con la nube con GBS 2014:
Conozca las Razones por las cuales GBS es La Casa Colombiana de Software en la que usted sí puede confiar, al igual que 3500 empresas públicas y privadas, desde La Guajira hasta el Amazonas...
Visite www.migbs.com
Running head WHOLESALE INDUSTRYWHOLESALE INDUSTRY.docxrtodd599
Running head: WHOLESALE INDUSTRYWHOLESALE INDUSTRY
2
Wholesale industry
Edwaurdo King
November 8, 2018
Dr. B. West
Strayer University
Introduction
Wholesale industry is one of the sectors that ensures that goods from the producers reach to the intended consumers either directly or through the retailers. The industry deals in a variety of consumer goods and services (college grad, 2018). The industry is responsible for the transfer of the required products from the manufacturers to the consumers without making any change in the content or outlook of the products.
Industry Goods and Services
The industry deals with goods such as agricultural products, manufactured goods, and capital goods. The wholesalers use the warehouses as their main offices as they contact their clients to inform them of the available products. The role of the industry is to gather the finished products from different sectors for ease of collection by the retailers from their warehouses. The industry reduces the distance between the producers and consumers (college grad, 2018).
Market Structure and Characteristics
The capital requirement for the industry is enormous thus limiting the number of firms and individuals who can operate in the industry. There is stiff competition in the industry caused by the desire of individual firms to increase their sales volume (Fischer, 2018). The high cost of initial capital discourages the new entrant into the market, therefore, helping in maintaining a low number of firms in the market. Other factors such as product promotion, discounts, and bonuses are used to attract customers to give a difference between the companies. The characteristic in the market shows that the industry operates in an oligopoly market structure (Fischer, 2018).
The wholesale industry lack uniformity of the firms. There are different sizes of the firm in the industry because of the various products they sell. The size of the company is determined the amount of money invested and its level of trade in the market. Other firms are enormous while others are relatively small but operate in the same market (Fischer, 2018).
Microeconomic Relationships, Market Outcomes, and/or Trends
The industry has witnessed several changes in sales volume and the employment rate. The increase in sales in the wholesale sector is as a result of their fair prices compared to the prices offered by the retail trade industry. The number of employment opportunities has been in the rise for the past four months because of the expansion of the industry and improvement regarding trade (Wholesale Trade: NAICS 42, 2018). The number of job opportunities had increased from 5.8 billion in July 2018 to 6 billion in October 2018. The industry has an increasing earning rate from 3.3% in 2014 to 4.5% in 2017. The industry continues to attract more investor because of its rate of return on the investments. (Wholesale Trade: NAICS 42, 2018). Most of the firm has invested in technology th.
An overview of the Human Capital Management Market by Solution report. Human Capital Management Market by Solution (Core HR, Workforce Management, Compensation Management, Performance Management, Recruiting, Learning Management, Employee Collaboration and Engagement), by Industry Verticals , & by Region - Global Forecast to 2019
About Your Signature AssignmentThis signature assignment is desi.docxbartholomeocoombs
About Your Signature Assignment
This signature assignment is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignments might be graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements.
Purpose of Assignment
The purpose of this assignment is for students to synthesize the concepts learned throughout the course. This assignment will provide students an opportunity to build critical thinking skills, develop businesses and organizations, and solve problems requiring data by compiling all pertinent information into one report.
Assignment Steps
Resources: Microsoft Excel®, Signature Assignment Databases, Signature Assignment Options, Part 3: Inferential Statistics
Scenario: Upon successful completion of the MBA program, say you work in the analytics department for a consulting company. Your assignment is to analyze one of the following databases:
· Manufacturing
· Hospital
· Consumer Food
· Financial
Select one of the databases based on the information in the Signature Assignment Options.
Provide a 1,600-word detailed, statistical report including the following:
· Explain the context of the case
· Provide a research foundation for the topic
· Present graphs
· Explain outliers
· Prepare calculations
· Conduct hypotheses tests
· Discuss inferences you have made from the results
This assignment is broken down into four parts:
· Part 1 - Preliminary Analysis
· Part 2 - Examination of Descriptive Statistics
· Part 3 - Examination of Inferential Statistics
· Part 4 - Conclusion/Recommendations
Part 1 - Preliminary Analysis (3-4 paragraphs)
Generally, as a statistics consultant, you will be given a problem and data. At times, you may have to gather additional data. For this assignment, assume all the data is already gathered for you.
State the objective:
· What are the questions you are trying to address?
Describe the population in the study clearly and in sufficient detail:
· What is the sample?
Discuss the types of data and variables:
· Are the data quantitative or qualitative?
· What are levels of measurement for the data?
Part 2 - Descriptive Statistics (3-4 paragraphs)
Examine the given data.
Present the descriptive statistics (mean, median, mode, range, standard deviation, variance, CV, and five-number summary).
Identify any outliers in the data.
Present any graphs or charts you think are appropriate for the data.
Note: Ideally, we want to assess the conditions of normality too. However, for the purpose of this exercise, assume data is drawn from normal populations.
Part 3 - Inferential Statistics (2-3 paragraphs)
Use the Part 3: Inferential Statistics document.
· Create (formulate) hypotheses
· Run formal hypothesis tests
· Make decis.
using table 3.1 and 3.2 and the exercise for simulation participantsheiditownend
using table 3.1 and 3.2 and the exercise for simulation participants on page 79 of your textbook, discuss the external factors most relevant for your company. Company is Organic Coffee and Beverages in Orangeburg, SC. using table 4.2 and 4.3 and the exercise for simulation participants (#3, 4, 5) on page 118, evaluate your companys strengths, weaknesses, resources, capabilities and compatitiveness.
here is the textbook info.
TABLE 3.1
The Six Components of the Macro-Environment
ComponentDescriptionPolitical factors
Pertinent political factors include matters such as tax policy, fiscal policy, tariffs, the political climate, and the strength of institutions such as the federal banking system. Some political policies affect certain types of industries more than others. An example is energy policy, which clearly affects energy producers and heavy users of energy more than other types of businesses.
Economic conditions
Economic conditions include the general economic climate and specific factors such as interest rates, exchange rates, the inflation rate, the unemployment rate, the rate of economic growth, trade deficits or surpluses, savings rates, and per-capita domestic product. Some industries, such as construction, are particularly vulnerable to economic downturns but are positively affected by factors such as low interest rates. Others, such as discount retailing, benefit when general economic conditions weaken, as consumers become more price-conscious.
Sociocultural forces
Sociocultural forces include the societal values, attitudes, cultural influences, and lifestyles that impact demand for particular goods and services, as well as demographic factors such as the population size, growth rate, and age distribution. Sociocultural forces vary by locale and change over time. An example is the trend toward healthier lifestyles, which can shift spending toward exercise equipment and health clubs and away from alcohol and snack foods. The demographic effect of people living longer is having a huge impact on the health care, nursing homes, travel, hospitality, and entertainment industries.
Technological factors
Technological factors include the pace of technological change and technical developments that have the potential for wide-ranging effects on society, such as genetic engineering, nanotechnology, and solar energy technology. They include institutions involved in creating new knowledge and controlling the use of technology, such as R&D consortia, university-sponsored technology incubators, patent and copyright laws, and government control over the Internet. Technological change can encourage the birth of new industries, such as the connected wearable devices, and disrupt others, such as the recording industry.
Environmental forces
These include ecological and environmental forces such as weather, climate, climate change, and associated factors like water shortages. These factors can directly impact industries such as insurance, farm ...
Healthcare ito in healthcare payer - annual report - preview deck - july 2013Everest Group
This report provides an overview of the ITO market for the healthcare payer industry. Analysis includes key trends in market size & growth, demand drivers, adoption & scope trends, emerging themes, key areas of investment, and implications for key stakeholders. The report also provides specific updates on the readiness of the various stakeholders from the perspective of payer reform mandates
Supply Chain Metrics That Matter: A Focus on Apparel - 9 May 2013Lora Cecere
Different industries are making progress on supply chain excellence at different rates. In the writing of the Supply Chain Metrics That Matter series of reports, we see that the consumer electronics industry is one of the only sectors making consistent and sustainable progress in balancing growth, profitability, cycles and complexity. We also see that many other industries—chemical, consumer products, pharmaceutical and medical device—are stuck on a horizontal plateau. They are treading water with no company able to move forward. In contrast, we see that the apparel industry is trending backwards.
When we analyze progress in the apparel industry over the last decade, we see a degradation of results on the Supply Chain Effective Frontier: days of inventory are flat or increasing and three of the six companies show flat or decreasing performance on operating margin. This is the sharpest reversal in progress on supply chain excellence that we have seen in the Supply Chain Metrics That Matter series (for a complete series listing see the Appendix).
Figure 1 illustrates the intersection of inventory turns and revenue per employee over the preceding decade. Ideally, companies would be moving consistently from the lower left to the upper right as they increased both inventory turns and revenue per employee performance. Instead, we see inconsistency, a lack of resiliency and stagnancy across the industry.
Income StatementHelp4U HMOIncome Statement and Change in Net AssetLizbethQuinonez813
Income StatementHelp4U HMOIncome Statement and Change in Net AssetsYear Ended June 30, 2015(in thousands)Revenue:Premiums Earned$26,682Co-Insurance1,689Interest and Other Income242 Total Revenue$28,613Expenses:Salaries and Benefits$15,154Medical Supplies and Drugs7,507Insurance3,963Provision for Bad Debt19Depreciation367Interest385 Total Expenses$27,395Net Income$1,218Net Assets, Beginning of Year$900Net Assets, End of Year$2,118
Non-Financial Indicator DataHelp4U HMO Non-Financial IndicatorsNumber of Occupied Beds26350Total Beds32000Total Length of Stay per Discharge1000Total Discharged Patients250Total FTE's700Total Patient Days2500PayerUOSMedicare328Medicaid125HMO450Commerical800Uninsured225
Balance SheetHelp4U HMOBalance Sheet June 30, 2015(in thousands)AssetsCash and Cash Equivalents$2,737Net Premiums Receivable821Supplies387 Total Current Assets$3,945Net Property and Equipment$5,924Total Assets$9,869Liabilities and Net AssetsAccounts Payable Medical Services$2,145Accrued Expenses$929Notes Payable$141Current Portion of Long-Term Debt$241 Total Current Liabilities$3,456Long-Term Debt$4,295 Total Liabilities$7,751Net Assets (Equity)$2,118Total Liabilities and Net Assets$9,869
Industry BenchmarksIndustry BenchmarksTotal Margin3.80%Return on Equity25.50%Return on Assets8.00%
Assignment 2
Title of the Assignment
By Your Name
Course Name
Professor Name
Date
Title of the Assignment
Topic Introduction
In the introduction section, introduce the companies you have selected. Also, provide background information about the companies.
Company inventory
Here you will identify the types of inventories these companies currently manage and describe their essential inventory characteristics.
Goods and Services Design Concept
In this paragraph make sure you analyze how each of their goods and service design concepts are integrated.in the companies’ business strategy.
Inventory and Role in Performance
Provide detail by evaluating the role the inventory plays in the company’s performance, operational efficiency, and customer satisfaction.
Layouts for Each Company
In this section, compare and contrast the two – four (2-4) different types of layouts found with each company; explain the importance of the layouts to the company’s manufacturing or service operations.
Metrics Used in Evaluating Performance
The expectation here is that you determine at least two (2) metrics to evaluate supply chain performance of the companies; suggest improvements to the design and operations of their supply chains based on those metrics.
Improvements
Suggest ways to improve the inventory management for each of the companies without affecting operations and the customer benefit package. Provide a rationale to support the suggestion.
Conclusion
Example: In conclusion, there is value is in… Provide your learning from the assignment and the research.
Sources
1. Business Insider. (2016). These Are the 7 Biggest US Airlines. Retrie ...
Purpose of Assignment This week students will review and revise .docxmakdul
Purpose of Assignment
This week students will review and revise their Week 3 Research Analysis for Business Signature Assignment based on economic analysis and the feedback provided by their facilitator. Students will also expand their Week 3 analyses to evaluate the challenges of expanding their chosen company's production to a foreign market.
About Your Signature Assignment
This signature assignment is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignments might be graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements.
Assignment Steps
Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.
Revise your Week 3 assignment, Research Analysis for Business, using the feedback provided by your facilitator. This Week 6 report should only include one conclusion, so you will need to rewrite the conclusion you included in your Week 3 assignment, Research Analysis for Business.
Select a foreign market in which to expand your chosen product. If you wish, you may use one of the countries your team analyzed in their Week 5 Comparative and Absolute Advantage Assignment.
Prepare a minimum1,750-word report addressing the points listed below. The use of tables and/or charts to display economic data over the time period discussed is highly encouraged, you may submit any economic data in Microsoft® Excel® format in a separate file. You may use the U.S. Department of Labor's Bureau of Labor Statistics (BLS), U.S. Dept. of Commerce's Bureau of Economic Analysis (BEA), the Federal Reserve of St. Louis's FRED data, the CIA World Fact Book, World Bank data, and World Trade Organization, or other appropriate sources you might find on the Internet or in the University Library. The new sections of your report should:
· Evaluate current global economic conditions and their effects on macroeconomic indicators in your selected country. Provide forecasts for population growth, gross domestic product (GDP) growth, GDP per capita growth, export growth, and sales growth.
· Evaluate any competitors' existing production in the chosen country.
· Assess sales forecasts in the selected country by using the Federal Reserve of St. Louis's FRED data, the CIA World Fact Book, World Bank data, World Trade Organization, or other appropriate sources you might find on the Internet or in the University Library.
· Categorize the type of economy that exists in your selected country as closed, mixed, or market. What is the difference between these types of economies and how might this affect your expansion?
· Assess how your chosen country's curren ...
ECONOMIC BRIEF: Medical Billing Industry
Economic Brief: Medical Billing Industry
By Jane Doe
ECO100
Professor: Dr. Bernie East
October 23, 2018
Introduction
This economic brief addresses several important characteristics of the Medical Billing Industry (NAICS – Sector 54, Subsector 541618). It describes the goods and services that this industry provides other sectors of the economy, namely the Health Care and Insurance Industries. It also discusses the Medical Billing Industry’s market structure, its projected future employment, and the over sight of government in this market.
Industry Goods and Services
The medical billing and coding field is well on its way to becoming a billion-dollar industry. Professionals in this field are in high demand by hospitals, clinics, and other medical facilities because it is their job to translate complex medical records into understandable and standardized codes that are then used to bill patients and insurance companies. They are also responsible for collecting payment from patients, determining their medical history, and transcribing this information into shorthand that can be understood by the necessary parties. (1)
Market Structure and Characteristics
The US Heath Care system has been rapidly transformed by automation, outsourcing, and overhauls to the medical billing industry. These changes have contributed to the rise of medical billing giants like Athenahealth, eClinicalWorks, McKesson, and others. (2) While the dominance of these firms suggests an oligopoly market, there is still room for home-based firms and mid-sized firms. (3) As suggested by Sculley (nd), with the right combination of people, smaller firms can pass on reduced costs to clients by being agile and flexible in this ever-changing market. (2)
Microeconomic Relationships, Market Outcomes, and/or Trends
One notable trend in the Medical Billing Industry is a potential increase in demand for qualified medical billers and coders. According to the Bureau of Labor Statistics (BLS), “the number of positions in the field of medical records and health information technicians — which includes medical billers and coders — will increase 13% between 2016 and 2026. This industry’s growth rate is faster than the national average for all occupations, and approximately 27,800 new positions will be added by 2026.” (4) One of the factors contributing to this growth is an aging population that requires health information technicians and health care service providers. See chart of BLS information below. (5)
How Government Intervention May Impact the Industry
The government may impact this industry through the False Claims Act of 1863 which allows any whistleblower to earn money from exposing cases of fraud against the federal government. Under the False Claims Act, anyone who exposes fraud against the federal government is entitled to a percentage of the damages owed by the offending party to the feder.
An introductory PowerPoint presentation from the Economy Module of the South West Observatory on the Regional Accounts, its data sources and the Economic Impact tool.
Mercer Capital's Value Focus: Medtech & Device Industry | Q4 2018 Mercer Capital
Mercer Capital provides valuation services to start ups, larger public and private companies, and private equity and venture capital funds. Mercer Capital’s expertise in the medtech and device industry spans the following segments: Biotechnology and life sciences, medical devices, and healthcare technology.
The study's accurate and thorough examination of the competitive landscape, which includes the fierce struggle among players, enables the organisations to develop their strategies appropriately and outperform their rivals
Churn in the Telecommunications Industryskewdlogix
Strategic Business Analysis Capstone Project Telecommunications Churn Management
Churn is a significant problem that costs telecommunications companies billions of dollars through lost revenue. Now that the market is more mature, the only way for a company to grow is to take their competitors customers. This issue
combined with the greater choice that consumers have gained means that any adverse touch point with a consumer can result in a lost customer.
Running Head: ECONOMIC BRIEF 1
ECONOMIC BRIEF 3
Economic Brief
Lucy Rowell
ECO100
Professor Cole
5/2/19
Economic Brief
Amusement and theme parks are places where people visit so that they can have fun and also they can take their meals because restaurants are available in the amusement and theme parks. People can do various things when they visit these places because there are different types of activities which one can participate while having fun. These facilities are more elaborate when they are compared to the city parks and playgrounds because they provide attractions which attract different age groups. There are also some differences between amusement parks and theme parks because amusement parks contain themed areas and as for the theme parks, they focus more on the more intricately designed themes which are revolving around some specific subjects (Martin, 2015).
Industry Goods and Services
There are various services which are offered by amusement and theme parks which include shows, rides, retail outlets, ad food services facilities. These activities are aimed at ensuring that the clients are having fun whenever they visit the place. Since having only one type of activity will discourage people from visiting the lace because they will get bored with the only activity being carried out, the organization ensured that there are various activities which the clients can participate in. In addition, retail outlet enables the clients to buy what they want within the parks. The restaurants make availability of food to the clients easy hence they will spend more time within the parks since all that they need is available (Mathew, 2015).
Market Structure and Characteristics
The market structure of the amusement and theme parks is perfect competition in that it is competing with other organizations which offer similar services to win more customers. There are other parks which are smaller as compared to the amusement parks and theme parks but they offer most of the services which are offered by amusement and theme parks. So, to win more customers, the organization ensures that customer satisfaction is achieved. This, therefore, has encouraged amusement parks and theme parks to expand their services by providing more services within the parks like providing foods in the restaurants and also by opening retail outlets. These are the additional services which are offered so that they can win more customers in the competitive market.
Microeconomic Relationships, Market Outcomes, and/or Trends
The trends for the market of amusement parks and theme parks is that they will keep expanding and making more profits because they are offering different activities at the sam.
1. Industries at a Glance: Wholesale Trade: NAICS 42
About the Wholesale Trade sector
The wholesale trade sector is part of the trade, transportation, and utilities supersector.
The Wholesale Trade sector comprises establishments engaged in wholesaling merchandise,
generally without transformation, and rendering services incidental to the sale of merchandise. The
merchandise described in this sector includes the outputs of agriculture, mining, manufacturing, and
certain information industries, such as publishing.
The wholesaling process is an intermediate step in the distribution of merchandise. Wholesalers are
organized to sell or arrange the purchase or sale of (a) goods for resale (i.e., goods sold to other
wholesalers or retailers), (b) capital or durable nonconsumer goods, and (c) raw and intermediate
materials and supplies used in production.
Wholesalers sell merchandise to other businesses and normally operate from a warehouse or office.
These warehouses and offices are characterized by having little or no display of merchandise. In
addition, neither the design nor the location of the premises is intended to solicit walk-in traffic.
Wholesalers do not normally use advertising directed to the general public. Customers are generally
reached initially via telephone, in-person marketing, or by specialized advertising that may include
Internet and other electronic means. Follow-up orders are either vendor-initiated or client-initiated,
generally based on previous sales, and typically exhibit strong ties between sellers and buyers. In
fact, transactions are often conducted between wholesalers and clients that have long-standing
business relationships.
North American Industry Classification System
The wholesale trade sector consists of these subsectors:
Workforce Statistics
This section provides information relating to employment and unemployment in wholesale trade.
While most data are obtained from employer or establishment surveys, information on industry
unemployment comes from a national survey of households.
The following tables present an overview of the industry including
the number of jobs,
the unemployment rate of those previously employed in the industry,
job openings and labor turnover,
2. union membership and representation,
gross job gains and losses,
data for occupations common to the industry,
and projections of occupational employment change.
Employment, Unemployment, and Openings, Hires, and Separations
Data series
Back
data
Jan.
2015
Feb.
2015
Mar.
2015
Apr.
2015
Employment (in thousands)
Employment, all employees (seasonally adjusted)
5,887.8
3. 5,898.2
5,908.1
5,903.6
Employment, production and nonsupervisory employees (seasonally adjusted)
4,745.0
4,756.4
4,753.7
4,748.7
Unemployment
Unemployment rate
4.0%
4.0%
4.2%
3.6%
Job openings, hires, and separations (in thousands)
5. Turnover Survey)
Union Membership and Representation
Data series
Back
data
2011
2012
2013
2014
Union membership and representation
Members of unions (percent of wage and salary workers)
4.4%
5.1%
5.0%
3.3%
Represented by unions (percent of wage and salary workers)
6. 4.8%
5.6%
5.7%
4.0%
(Source: Current Population Survey)
Dynamic Changes in Employment
Data series
Back
data
4th quarter
2013
1st quarter
2014
2nd quarter
2014
3rd quarter
2014
Dynamic changes in employment (in thousands)
Gross job gains
7. 286
272
284
277
Gross job losses
251
251
248
251
(Source: Business Employment Dynamics)
Employment by Occupation
Data series
Employment,
2014
Laborers and freight, stock, and material movers, hand
389,150
Sales representatives, wholesale and manufacturing, except technical and scientific products
961,470
8. Sales representatives, wholesale and manufacturing, technical and scientific products
196,120
Truck drivers, heavy and tractor-trailer
203,860
Wholesale and retail buyers, except farm products
41,610
(Source: Occupational Employment Statistics)
Projections
For projected (future) employment estimates, see the National Employment Matrix, which includes
employment estimates by industry and occupation for wholesale trade.
(Source: Office of Occupational Statistics and Employment Projections)
Earnings and Hours
This section presents data on employee earnings and weekly hours.
The latest industry averages of hourly earnings and weekly hours, as well as weekly earnings by
union membership status, are shown.
In addition, recent hourly and annual earnings are shown for occupations commonly found in
wholesale trade.
This section also contains information on the average cost of benefits paid by employers, as well as
recent rates of change in wages and total compensation.
Earnings and Hours of All Employees
(Source: Current Employment Statistics)
Earnings and Hours of Production and Nonsupervisory Employees
9. (Source: Current Employment Statistics)
Union Membership and Representation
(Source: Current Population Survey)
Earnings by Occupation
Data series
Wages, 2014
Hourly
Annual
Median
Mean
Median
Mean
Laborers and freight, stock, and material movers, hand
$12.73
$13.55
$26,470
$28,190
Sales representatives, wholesale and manufacturing, except technical and scientific products
$26.12
$31.66
$54,330
10. $65,850
Sales representatives, wholesale and manufacturing, technical and scientific products
$35.28
$41.81
$73,380
$86,970
Truck drivers, heavy and tractor-trailer
$18.73
$20.11
$38,950
$41,820
Wholesale and retail buyers, except farm products
$25.33
$28.05
$52,700
$58,340
(Source: Occupational Employment Statistics)
Employer Compensation Costs
Data series
12. 3.9%
5.3%
3.8%
3.8%
(Source: Compensation Cost Trends)
(Source: Compensation Cost Trends)
Work-related Fatalities, Injuries, and Illnesses
This section presents data for the industry on the number of workplace fatalities and the rates of
workplace injuries and illnesses per 100 full-time workers in wholesale trade. An injury or illness is
considered to be work-related if an event or exposure in the work environment either caused or
contributed to the resulting condition or significantly aggravated a pre-existing condition.
(Source: Injuries, Illnesses, and Fatalities)
Prices
This section provides industry-specific pricing information. The producer price index measures the
percentage change in prices that domestic producers receive for goods and services. The prices
included in the producer price index are from the first commercial transaction.
Data series
Back
data
Jan.
2015
Feb.
2015
Mar.
2015
Apr.
2015
13. Producer price index
131.0
130.3
131.5
130.7
Percent change from previous month
0.8%
-0.5%
0.9%
-0.6%
(Source: Producer Price Indexes)
Workplace Trends
This section presents data on the number of establishments and the number of establishments
experiencing job gains or job losses in wholesale trade. Also included in this section is information
on productivity, presented as the rate of change in output per hour of workers in the industry.
Establishments
(Source: Business Employment Dynamics, Quarterly Census of Employment and Wages)
Productivity
(Source: Productivity and Costs)
Data extracted on: