Unformatted text preview: labor) keep rising day by day. NY Times report about FedEx income that “Revenue rose 8 percent to $9.97 billion from $9.20 billion a year ago”. This leads FedEx ahead as benefit still exceeds cost. However, FedEx starts to reduce fuel consumption by 5 percent, and stop hiring staffs “unless it's an operational or sales necessity”. This can help reduce production costs which keep the quantity supplied stable and not falling down....
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This note was uploaded on 03/10/2011 for the course ECON 101 taught by Professor Duc during the Spring '05 term at Linfield.
- Spring '05