Some threats and challenges Wal-Mart faces include increased competition, slow market growth, entry of new competitors, loss of sales to substitutes, growing bargaining power of suppliers, growing bargaining power of customers, adverse demographic changes, restrictive trade policies, and new regulatory requirements. Wal-Mart faces competition from general merchandise retailers, warehouse clubs, and supermarket retailers. They are also facing challenges from the discount retail industry. These
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Explaining Unemployment: An Analysis on State Unemployment Rates Rachel Schlesselman Creighton University Introduction and Research Question Mississippi has 48,434 square miles of land. The state flower is the magnolia. Hawaii has only 6, 423 square miles of land and the yellow hibiscus as the state flower. These states are very different in many aspects; their populations, products, and geography are all very different. States are very unique and while national averages can give a general understanding
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Fundamentals Macroeconomics is the study of the economy as a whole as opposed to microeconomics, which is the study of the economy within smaller sectors. It is a wide and varying subject. In order to grasp the subject there are some fundamentals that one needs to be familiar with. They are the gross domestic product (GDP), real gross domestic product (GDP), nominal gross domestic product (GDP), unemployment rate, inflation rate, and interest rate. These are the basics and interact with each other
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Outsourcing jobs may lead to a weakened economy Anne Onyambu ENG 1000 Ms. Lorrinda Khan November 11, 2011 A popular theory states that something is not worth doing if it earns you less than your hourly wage, imputed or otherwise. For example, if you make $120 an hour and you can hire someone experienced to mow your lawn for $20 an hour then, you should go ahead and pay for the service instead of doing it yourself. This will leave you free to use your time where you can earn $100 an hour
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Employment Law Laura Wilson HSA 530 Healthcare Human Resources Management Dr. Queensberry May 5, 2013 1. Abstract In this paper I will explore which laws needs to be closely monitored in my organization and state why, also I will develop a sample job description for the actual role you perform or desire to have and demonstrate how I would protect my company from claims that what employees are asked to do once hired were not a part of the job description, next I will discuss steps you
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undesirable for the United States to evolve into a service economy because several problems arise if jobs shift from manufacturing to service. One is that service job pay less. Many service jobs are in minimum wage, while hourly wages from manufacturing jobs have historically exceeded the minimum wage by a substantial margin. As a result the standard living will necessarily decline. Furthermore, manufacturing allows the firm to capture payoff for the development of new technology. If this payoff is
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Wage and Salary Administration’ refers to the establishment and implementation of sound policies and practices of employee compensation. The basic purpose of wage and salary administration is to establish and maintain an equitable wage and salary structure. Wages and salaries are often one of the largest components of cost of production and such have serious implications for growth and profitability of the company. On the other hand, they are the only source of workers’ income. After
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sweatshop is a “negatively connoted term for any working environment considered to be unacceptably difficult or dangerous. Sweatshop workers often work long hours for very low pay in horrible conditions, regardless of laws mandating overtime pay and or minimum wage”. Many corporations in the United States use sweatshop labor in countries over seas such as China to produce their products at a lower cost. As entailed in the letter from a man born in China, many citizens on these countries resort to factory
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became vulnerable to outsourcing for several reasons. The biggest reason is most likely the fact that workers in other countries, particularly third world countries, will perform the same job for a much lower wage than workers in the United States. When these firms pay outsourced workers lower wages they are able to increase profits without making any other significant changes to the manufacturing process or the organizational structure. A good example of outsourcing is the production of clothes in
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the United States and Europe The responsibilities for the employer among the USA are to follow the law of each the state and government. A number of these responsibilities embrace following the wage and overtime law. This covers the honest Labor Act that could be a federal law that needs a minimum wage and any overtime pay, something over forty hour per week, for workers for all states. Ensuing item includes a good taking part in field for all folks to be allowed to figure in an exceedingly company
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