Automotive production levels Research Paper Example | Topics and Well Written Essays - 1000 words

Automotive production levels - Research Paper Example Details Quarter ending 31st August 2012 Quarter ending 31st August 2011 1 Production levels 9.026 million Units 8.385 million Units 2 Inventory levels $ 14.32 billions $ 12.13 billions 3 Operational costs $ 144.62 billions $ 130.50 million 4 Sales $ 150.30 billions $ 135.40 billions 5 Price $ 16,650.00 $ 16,150.00 1. Demand -supply analysis Price $ 5,000 $ 10,000 $ 15,000 $ 20,000 Units sold 15,000 12,000 10,000 8,000 The above table shows different units that customers are wishing to buy at different prices. Given a price of $5,000, customers are willing to purchase 15,000 units, and this number reduces to 8,000 units given a price of $ 20,000. Graphical representation Price 20,000 f a? g ?e 15,000 ? Equilibrium point (e0) 10,000 h ? ? 5,000 c ? ?b j k 0 5,000 10,000 15,000 20,000 Quantity demanded The above graph slants downwards from left to right. Notably, as price reduces, quantity of automobiles demanded increases and it turns the vice versa when the price increases. 2. Equilib rium price and quantity The point (e0) gives the equilibrium price of $ 12,250 and quantity $ 12,000 units. This point represents the favorable price that the buyers are willing to pay for a certain car model they buy from the company. Any point above the equilibrium price represents a higher price with corresponding lower quantities of automobiles sold. On the other hand, any point below the equilibrium point represents a lower price at which the buyers would buy more of automobiles. According to the data collected for General Motors, the above graph shows that the company is selling at high prices, which results to reduced quantity demanded. The company is offering its automobiles at an average price of $ 16,550, whereby 9.026 million units are sold. To maximize the number of units sold, the management should consider lowering the price in response to the market forces of demand and supply, up to $ 12,250 in order to achieve equilibrium. At this point, the quantity demanded will i ncrease by 2.974 million units. This action will make General Motors automobiles cheaper than those of the competitors, thereby increasing their demand. Interestingly, the demand will continue to grow and will eventually lead to increased production that will enable the company to enjoy increased economies of scale from the suppliers of raw materials (Arribas et al., 2009). Since General Motors is a global company, the increased demand will cause internal advantages to the firm, as well as result to the establishment of additional subsidiaries across the globe. 3. Price Elasticity of Demand Price elasticity of demand refers to change in quantity demanded as a result of significant change in price. To derive price elasticity of demand, the following formula is used: Price elasticity of demand = (Q1-Q2)/ (Q1+Q2) (P1-P2)/ (P1+P2) The demand is said to be elastic if the price elasticity is greater than 1. This implies that the quantity demanded changes faster than the price. On the othe r hand, if the price elasticity of demand is lesser than one, the price elasticity is said to be inelastic implying that the quantity demanded changes slower than the price. Lastly, if price elasticity arrived at is equal to one, then this is referred to unitary condition, which shows that quantity demanded and price changes at the same rate (Freeman, 1977). Computation of price elasticity of demand for GM P1- $ 12,250 P2- $ 16,650 Q1- $ 12,000 Q2- $ 9,026 Therefore, Price elasticity

Interview with a Librarian Essay Example | Topics and Well Written Essays - 2250 words

Interview with a Librarian - Essay Example In this paper, we try to identify the various functions and duties of the school library media specialist and make an analysis of the various standards of the duties provided in the manuals and the actual duties performed by specialists. We may gather the various duties of a media specialist in an interview one of the school library media specialists. As a first step, let us identify some of the remarkable trends in the school library media center. Unlike the school libraries of the past which were just places to avail some material and books for the assignments and other activities, the idea has now shifted towards the exciting and more beneficial concept of the school library media center. In this system, the access to information and any useful material is much higher and wide variety of format, both printed and electronic, is available which aid the new generation students in their multi layered assignment purpose and the like. The most remarkable advantage of the modern school library media centers is that they serve the students greatly and play a major role in the development of their various aspects and education. These school library media centers act as powerful agents in the various areas connected with student learning and education such as finding, analyzing, evaluating, interpreting, and communicating information and ideas. "It is where students learn to find, analyze, evaluate, interpret and communicate informat ion and ideas--skills they will need as adults to live and work in an information-based society. In addition to serving as independent learning centers, the programs of many centers are directly integrated into the curriculum" (American Association for School Librarians, 2006). The twenty first century school library media centers have various trends that make the system more effective. Before we go on to the discussion about the major duties of school library media specialists in the interview, let us analyze some of the major trends in the system. One most important among the trends is the flexibility in student spaces which gives the students ample space to work and do group activities. Possessing a teaching lab and large instructional area helps the students in various ways in their activities and works. Thus, the trend of more flexibility in student space is an advantageous development as far as the students are concerned. Another major trend in school library media center is the development in visual literacy which has great importance in the student learning activity. The development of modern technique and the growth in the teaching instruments also have proven to affect the modern student learning. Visual aids in teaching have been more extensively used in the modern times. Thus, the awareness about the LCD projectors and other visual aids is found the remarkable characteristic of the modern school library media center. Extended access to the school library media center can be considered yet another major trend in the area. Thus, the working time of the school library media center has been extended as well as the access of the students to the center widened. The time the students spend in the library and the media center has increased extremely. Therefore the usefulness of the libraries to the students