Explain why the cost structure associated with many kinds of information goods and services

In 500 words with references answer:

Samuelson and Marks, Discussion Question, P. 207.

Explain why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms. (At the same time, one internet business such as grocery home deliveries have continually suffered steep losses regardless of scale. Explain why.) Could lower transaction costs in e-commerce ever make it easier for small suppliers to compete? As noted in Chapter 3, network externalities are often an important aspect of demand for information goods and services. (The benefits to customers of using software, participating in electronic markets, or using instant messaging increase with the number of other users.) How might network externalities affect firm operating strategies (pricing, output, and advertising) and firm size?

 

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Explain why someone might argue that “the argument from the way things feel” is not a very good response to hard determinism.Explain why the case of someone who behaves as though she’s in pain but shows no electrical activity in the “pain region” of her brain is supposed to be an objection to the identity theory of mind.What does Ayer take a free action on to be? What role does his account of a free action play in his argument against hard determinism?

 

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• Explain why one should be ethical when operating an international business.
• Although ethics is not the same as self-interest, can one always do well, by doing good? In other words, can one be successful in business (monetarily) solely by doing good (morally)?
• If a business’s ultimate objective is to make the world better, explain how this could be best achieved ethically.

 

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Explain why it is that many of us continue to live by Meskimen’s law. What is it about the software business that causes this?

Explain why it is that many of us continue to live by Meskimens law. What is it about the software business that causes this? Ans… This law is as-"There is never time to do it right but…

 

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Explain why it is important for operations managers to understand the local culture and practices of the countries in which a firm does business. What are some of the potential consequences if they don’t?

 

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