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UMUC BMGT392 week 7 and week 8 discussions

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Question;week 7One of the reasons that firms seek to employ people in other countries is the relative cost of labor. Visit the US Bureau of Labor Statistics website and scan the available comparison data for international compensation (http://www.bls.gov/fls/flshcaeindnaics.htm). Which countries have the lowest wages? Which have the highest? Why wouldn?t companies always locate their operations where labor costs are the lowest? Support your original ideas with outside research. Please also respond to at least two postings of others. The original post is due by Thursday Midnight ET and the responses to two others are due by Sunday Midnight ET. Please refer to the rubric posted in the syllabus.week 8You are an organic products company that sells organic milk and dairy products to the United States and Europe. Until now, you?ve sourced your milk from local organic dairy farmers in the United States to sell to the US market and from farmers in Europe to sell to the European market. Now, you?re seeing greater demand for organic milk supply as more and more competitors enter your industry. Prices for organic milk are rising. What do you do? Would you raise prices and thus pass the additional costs onto your customers? Would you source organic milk from Australia or New Zealand, where organic milk supplies are less expensive? Would you be concerned about the higher carbon footprint that you would be creating by shipping from Australia or New Zealand to the United States and Europe? Support your original ideas with outside research. Please also respond to at least two postings of others. The original post is due by Thursday Midnight ET and the responses to two others are due by Sunday Midnight ET. Please refer to the rubric posted in the syllabus.

 

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