Premium Essay

Week 4 Team Reflection

In: Business and Management

Submitted By Wheelz0704
Words 710
Pages 3
Week 4 Reflection


Week Four Reflection

Once again, Team C has had another week full of different information, which is critical to each persons’ major. In order to ensure that each member understood important parts of week four, each member chose an objective and wrote about it. Objectives which were discussed among team members of Team C include the channel of distribution, push and pull strategies, and direct and indirect distribution strategies.
Channels of Distribution Channels of distribution are any series of firms or individuals who participate in the flow of products form producer to final user or consumer (Perreault, Cannon, & McCarthy, 2011, p. 284). The flow of products between the firm, intermediaries, and consumers is a large part of the overall profit margin of a firm that requires marketing teams to dedicate substantial time and planning towards choosing the appropriate channels. Distribution channels are a firms way in which they can get products to from manufacture to intermediaries and consumers in a direct or indirect manner that revolve around the Place within the marketing mix. Direct and Indirect Distribution The direct method of distribution channels involves going directly to the consumer. Firms bypass the intermediary (wholesaler) and issue the product to the consumer at the wholesaler’s price. This method is most often used for new product introduction or within geographic location setting in which the consumer is better suited to deal directly with the firm. Indirect distribution channels are the most common. Firms issue their product to intermediaries, such as stores or online sales sites who in turn sell the product to the consumer. Most consumers find this method of obtaining products much more convenient, reducing…...

Similar Documents

Premium Essay

Eco372 Week 4 Reflection

... Week Four Reflection Summary ECO/372 November 5, 2012 University of Phoenix Week Four Reflection Summary In week four, Team D—Joe, Beverly, Kevin, and Rachel—learned about deficits, surpluses, and debt in relation to the macroeconomic health of the United States. The group as a was very comfortable with the discussion of the week while learning new information about the health of the economy. The following is a summary of what the team learned in regard to deficits, surpluses, debt, and the health of the economy. Budget Deficits Budget deficits occur when government expenditures exceed the amount of revenue coming into the economy through income and taxes. A deficit is a summary of how the economy measures the state of using and accounting procedures. Since World War II, the United States government has run a large amount of deficits, as opposed to surpluses. A deficit can be good or bad, depending on the specific condition of the economy. When the government runs a budget deficit, the goal is to improve the economy. When the economy is not progressing at a rate the country expects, the government will spend money to help stimulate economic growth. If the government spends money to improve revenue for the long-term, both the government and society benefit by the added debt. A budget deficit can help businesses create more jobs to limit the amount of unemployment and improve consumer income. The debts accumulated may be the result of spending on worthwhile projects like...

Words: 918 - Pages: 4

Premium Essay

Week Six Team Reflection

...Week Six Learning Team Reflection Law/531: Business Law John Fossum November 11, 2012 Introduction: With the current economy the markets are expanding and taking companies globally. Laws in on how business is conduct varies vastly from country to country. It is important that the laws are understood and not confused with others. There are global practices that have been put in place as well to help protect businesses that conduct business globally. The Foreign Corrupt Practice Act of the 1970’s is just an example of the United States law that was put in place to protect companies. Team C elaborates on these practices through the review of several articles. Future of Anticorruption Laws Stricter laws against corruption in international business transactions gained momentum during 2010. In reaction to fraudulent practices abroad, the United States authorities collected larger fines and imposed stiffer penalties in concordance with the Foreign Corrupt Practices Act (Morley, Hadley, & Saulnier, 2011). FCPA violations are a new law enforcement priority and are concurrent with the emphasis on fighting global terrorism. In addition, the United Kingdom revised their anti-bribery laws to impose greater regulations than the FCPA (Morley, et al. 2011). In response to the increase in number of cases, the United States adopted more aggressive enforcement measures, expansive jurisdiction, and bounty payments to whistle-blowers (Morley, et al.......

Words: 1231 - Pages: 5

Premium Essay

Week 4 Reflections

...Tymia Q. Harper Reflections: Week 4 LAW/421 April 22, 2013 Christopher Fletcher With this weeks reading, Learning Team C was given a clear understanding of the UCC Article 2 and the rules that pertain to the sales of goods whether it be buyer to seller or merchant to merchant. We also had to opportunity to explored how these particular types of contracts play a major portion in many aspects of our lives. Adam Lukie I have personally come across several types of contracts in my personal and business life.  One example are the contracts that I have between myself and my employer.  When I was hired by my company, I signed several contracts such as one stating the stipulations of my employment.  The company states its expectations from me as an associate and that I will be compensated for compliance with this agreement.  There are was an agreement made between me and the company where i provide them with service and they provide me with compensation.  Another contract that I signed was one for the use and protection of electronic communications.  This contract states that the communications used at the company such as e-mail, online content, etc. was intended for company use only and that it shall not used for other purposes.  The contract is designed to protect company interests and my employment is based on my compliance with this contract.   In my professional life I deal with contracts all day. Selling cell-phones,......

Words: 1539 - Pages: 7

Premium Essay

Week 2 Team Reflection

...ECO/365 Principles of Microeconomics Team B Weekly Reflection University of Phoenix Carol Szerszen In my industry, there is always a concern for international competition for labor. According to Colander, “central determinant of a country’s competitiveness is the relative wage of labor in that country compared to the relative wage of labor in other countries “(Colander, 2010, p. 438). As companies move to cut costs, moving work overseas to employees that are willing to work for less money, in some cases significantly less money, can improve that company’s bottom line. As a telemarketing firm, our focus is on providing quality service to our clients, but our company has to demonstrate that we are cost effective to prevent that company from outsourcing to a foreign vendor. One of the things that I thought was interesting about this past week that accounting has a different measure of profit compared to what an economist’s measure of profit. When it comes to accounting and their ways of measuring profit which is total revenue minus total costs which will get you profit. Whereas in the economist’s way of getting profit which is explicit revenue and implicit revenue minus explicit cost and implicit cost which will get you the economist’s profit. After this weeks reading, I realize that the effect of changes in marginal revenues and costs on a firm’s profit-making potential is that the best possible performance of any......

Words: 656 - Pages: 3

Premium Essay

Team Reflection Week 3

...Team C Reflection-Week 3 An interest rate is the profit or compensation made from the borrowing of a monetary asset (Colander, 2010). The interest rates are expressed as a ratio or percentage per dollar amount being lent. Although there are several types of interest rates, there are two main classes that each falls underneath: short-term and long-term interest rates. A short-term interest rate is the amount repaid on a debt that has a maturity date of less than one-year (NASDAQ, 2011). A long-term interest rate is amount paid for borrowing money over a longer period such as a mortgage or government issued bonds (Colander, 2010). There are a number of factors that cause the interest rates to fluctuate within an economy. The strength of the economy itself plays a large factor in the fluctuation of the interest rate of any given economy. When a country’s economy is strong, the citizens have jobs, money is being spent, and saved in the market. As more money or demand for money increases so does the interest rate. The opposite is true when demand is low the interest rate will fall. The inflation rate is also a factor in the rise and fall of interest rates in a country. Because interest rates on loans are generally a fixed rate the lender must account for inflation to prevent a loss on the repayment of the loan. Most lenders will charge a higher interest rate on a loan to offset the effects of inflation. Therefore, a steady rise in inflation will cause an increase in interest......

Words: 799 - Pages: 4

Premium Essay

Week 4 Team Reflection

...Week 4 Team Reflection Dana Sweet, Daniel Marquez, Diana Bak, Donna Eastwood, and Kimberly Dillman July 28, 2013 ECO/372 Kevin Mc Kinley Week 4 Team Reflection Already we are into week four of our class in macroeconomics. This week held some insights for us all. We learned about assets, deficits, surplus, and debts. We also learned about fiscal policy and the problems involved with it. We all enjoyed the discussion questions. Everyone had their own beliefs about the system and how to change the OPEC oligopoly. It was all very interesting. Kimberly states in week four the material covers deficits, surplus, debt, and assets. First the material defines deficits and surplus that was easy to comprehend and extremely enlightening. As a former college student majoring in business the terms should be comprehendible but was surprising to learn the true meaning of both deficits and surplus. Deficits and surplus are both dealing with money, first the chapter 17 defines deficits as a shortfall in revenues under payments, explaining that surplus was the opposite, and this was easily understood. After further detail about deficits and surplus the chapter later introduces the definition of debt and assets is common knowledge. The material goes on to explain the difference between individual and government debt. The material concludes the chapter by explaining the burden of the US government deficits or debt. Kimberly also believed that in......

Words: 1191 - Pages: 5

Premium Essay

Week 4 Learning Team Reflection: Cost-Volume-Profit

...Week 4 Learning Team Reflection Bassam Abukhodair, Michael Dobs, Dhavanika Patel, Jeffrey Smith University of Phoenix ACC/561 - Professor Cathleen Davis Due: October 21, 2013 Week 4 Learning Team Reflection Whereas Wiley eloquently states that Cost-Volume-Profit (CVP) is the examination of numbers and values or more specifically the study of the effects of changes in costs and volume on a company's profits, it is at its most basic level so much more; it is essentially the study of relationships. It explores the production of a particular item along with its associated costs and production volumes and evaluates the relationship shared with a company’s ultimate goal; profit. Within this, “study of relationships,” it also examines the effects of change on the relationships between cost, volume and profit. Utilized properly, a CVP analysis can be a company’s greatest tool (Kimmel, Weygandt, & Kieso, 2011) The Components of CVP In order for CVP to be accurate, it makes certain assumptions, all of which must remain true and accurate for the CVP analysis also to remain true and accurate. To this end, the costs and resulting revenue must remain linear throughout the life of a product or more specifically, a particular production line. Costs are established as fixed or variable and are affected only by changes in activity. Finally, if a product or product line consists of two or more items, the relationship of all items involved must remain consistent. A thorough......

Words: 1076 - Pages: 5

Premium Essay

Week 4 Learning Team Reflection

... Week 4 Learning Team Reflection Faruque Ahamed, Siead Hasan, Ralph Kitson, and Sangeeta Walia-Chopra FIN/571 February 10, 2014 Beatrice Jones In Groton, Connecticut stands one of the largest industrial drug complexes on earth. The structure is 2.8 million square feet and it rests on a place of land that is approximately 160 acres of land. The site was designed to offer the best to drug researchers including flexible office space with mobile accommodations. Such a space offers 250,000 square feet of dedicated facilities that are designed to maximize drug research for profit (Pfizer, 2014). The building even saves money by being self-sustaining with electric car charging stations, micro-turbines and photo-voltaic cells. Research at the Groton facility is devoted to comparative medicine, drug safety, clinical trials, pharmaceuticals, medicinal chemistry, pharmacokinetics and medical dynamics. This entire profile is committedto a company that is unafraid to spend money to make billions in profits. Pfizer is the largest research based drug company in the world with 65 billion dollars in revenue (Pfizer, 2014). Pfizer invests heavily in developing their unique signature pharmaceutical products. For Pfizer a successful drug product has four phases. Phase one is approximately 100 million dollars of investment. Testing is done in labs for several years, from there it is then tested on a small sample population of healthy humans to determine its viability...

Words: 1164 - Pages: 5

Premium Essay

Week 6 Team Reflection

...Learning Team Reflection Augusto Alvarez, Ani Hakobyan, Stephanie Kirk, Cristina Linares, Debbie Voeks FIN/571 Foundations of Corporate Finance June 23, 2014 Clifford Merchant Learning Team Reflection Introduction Turning tangible assets into investments is nothing new, investors did the same thing during previous market downturns, and they did not always come out ahead. A year ago, 49 years old Peggy Parks, who worked as a building code auditor got tired of watching her retirement savings investments going in the wrong direction and resulting in losing half of her 401(K) investments. To recover from that lost, Peggy Parks made an unconventional investment after learning how robust the Alpaca’s business can be. According to Peggy, “with Alpacas it is something tangible that you have on hand and always going to be there” (University of Phoenix, 2014). Diversification Peggy lost almost half her retirement in the stock market and decided to turn to the Alpaca business for her new retirement plan (University of Phoenix, 2014). She had made a good return the first year of business. There is a risk involved with investing in only one asset. Stable Money Makers demonstrated this when it mentioned how investors lost significant money from investing in Emus in the 1990’s. Diversification is reducing risk by......

Words: 621 - Pages: 3

Premium Essay

Week 4 Reflection

...Reflection Cullen McPeek, Danielle Taliaferro, Afshin Mibrolooki, Joshua Lemmerman, Cary Colome QNT/351 February - 17 - 2015 Mohammad Sharifzadeh Reflection In week four, Team C read about the steps in testing a research hypothesis, comparing the means of two or more groups, and calculating the correlation between two variables. This paper will go into deeper into what we have learned as a team and as well as individuals. I think first we need to state what a research hypothesis is. A research hypothesis is "Represents the hypothesis that will be accepted only if the data provide convincing evidence of its truth. This usually represents the values of a population parameter for which the researcher wants to gather evidence to support." (Statistics for Business and Economics, 2011.) The first thing one must do in testing a research hypothesis is to make sure that a research question is phrased. The second step in this procedure will be to study the proposed theory in terms of parameters. Thirdly a study will be designed. Once this is done the fourth thing that takes place is data is recorded and collected. The fifth thing is the data is summarized and a test statistic is computed. After computing this the sixth thing is the observed significant level is computed. Once all of these things are completed the final and last thing to complete is to draw conclusion. In taking this seven step process one will be able to clearly state the steps in testing a research......

Words: 407 - Pages: 2

Premium Essay

Week 4 Learning Team

... Week 4 Learning Team Reflection Anitra Stephens, April Bates, Calvin Beidleman, Nikki Torres, Raymond Wentler, Sean Lechman, Russell Wall FIN/571 April 13, 2015 Gurpreet Atwal Week 4 Learning Team Reflection Introduction Stock valuation is needed to ensuring the value of an organization’s stock and worth in the industry. There are various measuring methods that organizations can use to determining and establishing the value. Some of the methods and the reason for valuation have been identified below. Stock types and bonds: The stock valuation video covered the different types of stocks and well as bonds. There are common stocks and preferred stocks. Preferred stocks are considered to be a hybrid between a common stock and a bond. This form of stock will have no maturity and can be sometimes redeemable. A common stock is when an individual purchases a share of an organization and they own that share until they want to sell their share for the market value. A debt or a bond is another form of investment that private investors can use. A bond is a contract which has a set time period, as well as set cash flows. Once the bond is matured then the investor will receive their set return amount, although investors who have bonds will receive their return on investment before the stockholders. Assumptions and Indexes: Assumptions made on the valuation of a stock or company’s value in the future are crucial when determining the future value of a company based on its......

Words: 574 - Pages: 3

Premium Essay

Eco 372 Week 4 Team Reflection

...Learning Team Reflection: Supply Chain and Demand Definitions Supply Chain According to Investopedia the Supply Chain is defined as the network created amongst different companies producing, handling and/or distributing a specific product. Specifically, the supply chain encompasses the steps it takes to get a good or service from the supplier to the customer. Supply and Demand In classical economic theory, the relation between these two factors determines the price of a commodity. This relationship is thought to be the driving force in a free market. As demand for an item increases, prices rise. When manufacturers respond to the price increase by producing a larger supply of that item, this increases competition and drives the price down. Modern economic theory proposes that many other factors affect price, including government regulations, monopolies, and modern techniques of marketing and advertising ( Relationship The supply chain and supply and demand model are very similar because they both work hand and hand to be successful. Both models can be used to project much needed information of what consumers purchase and the amount they will pay for it. This is very useful to the stakeholders, involved in this process. Essentially these models can predict the consumer’s wants and needs for products on the market and for researching future products. The customers wants is what drives the supply chain. In the demand model the customer is at...

Words: 350 - Pages: 2

Premium Essay

Week 4 Reflection

...Week 4 Reflection Team A ACC/561 December 3, 2015 Shalil Sharma Week 4 Reflection This week’s topic of Cost-volume-profit is an exceptional valuable to in business. CVP has a lot of upsides for an entrepreneur starting a new business. The single greatest benefit to CVP is in, how it helps to aid management in decision making. CVP can be used to determine a breakeven point for instance and from there, can predict how future financial activities will help or harm a business. Moreover, CVP is an objective analysis of pertinent information businesses use, this by definition takes any and all subjective opinions out of decision making for a business and only focuses on objectively verifiable evidence. Another benefit to CVP is that it provides a tremendous amount of detail as it pertains to a company’s activities. CVP details everything from; production cost to material cost and beyond. Management can then manipulate the baseline data to see how managerial decisions would play out in the future. From there, leadership can choose the best course of action from the analysis of CVP. CVP is very easy to use and has a standardized set of formulas. This allows uses to experiment with many different data set inputs and see what hypothetical results would be. Since CVP is easy to use, it’s also easy to understand. Anyone familiar can quickly asses the data in order to make the right decisions for their business. While CVP has many benefits, it is not without some problems.......

Words: 383 - Pages: 2

Premium Essay

Learning Team a Reflection Week 4 Mgt311

...Week 4 Learning Team Reflection MGT/311 April 2, 2012 Christin Stadsklev Week 4 Learning Team Reflection The objectives for this week were: Analyze the influence of organizational structure on behavior, analyze the influence of organizational culture on behavior, and analyze the influence of power and politics on behavior. The organizational structure is the foundation of the organization functions. The structure affects the behavior of the organization members. The behavior is influence by the organization structure is assumed by pervasive. Strategy, Size, technology and environment determine structural design (mechanistic or organic). Mechanistic structure with its high formalization and specialization, tight controls, and strict adherence to the chain of command will see employee behavior within a narrow range. In the mechanistic structure employee know exactly how to behave and there is little room for deviation (Robbins & Judge, 2011). The organic structure is quite the opposite. In an organic structure there is low formalization, limited specialization, and a wide span of control there for employees have greater freedom and greater behavioral diversity (Robbins & Judge, 2011). “Culture is the social glue that helps hold the organization together by providing appropriate standards for whet employees should say and do” (Robbins & Judge, 2011, p. 523). In other words, the company’s spoken and unspoken standards of behavior. In a strong......

Words: 555 - Pages: 3

Premium Essay

Mgt/311 Week 4 Team Reflection

...over time the diversity can help the group be more open minded and creative. To ensure that a team is successful it must have adequate resources, strong leadership and structure, a climate of trust, and an excellent performance evaluation and reward system. Team composition is extremely important. The individual abilities of each team member must complement each other in order to achieve maximum team effectiveness. Team members’ personalities are equally as important. The dimensions identified in the Big Five personality test are relevant to team success. When allocating roles in a team, team members should be given roles that play into their strengths and personalities. Team diversity can be a help or a hindrance. Organizational demography is the degree to which team members share common demographic attributes. The size of the team deserves careful consideration. Most effective teams have between five and nine members. A manager should take member preferences into consideration when selecting a team. Members that prefer to work alone will become a hindrance if forced to work in a team environment. Team processes are the last factor related to team effectiveness. Variables such as member commitment to a common purpose, establishment of specific team goals, team efficacy, a managed level of conflict, and minimized social loafing. This is even more important in bigger teams. We discussed the meaning of conflict in regards to the business world. Conflict is a......

Words: 530 - Pages: 3