Exam Review 12-15 - Exam Review What is the difference...

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December 15, 2011 Exam Review What is the difference between horizontal and vertical integration? Vertical Integration-Fordist model, in-house production, own your own factories Horizontal-retailer that has multiple suppliers that it has contracts with, often scattered around the world, looks in the market where the trends are then tell the supplier to get that, retailers do not own production process. Example of this is Nike (as they were a pioneer in this process) Economies of Scale vs. Economies of Scope—What is the difference? Keynes period-apex of the US economy and global economy produce standard product as cheaply as possible to expand their markets (economies of scale—“any color you want as long as it’s black”) Economies of Scope—kinds of things that they produce have expanded drastically. Example: cell phones Could you please review the role of the state and government in labor organization? In the earlier period (middle of the century) government mediated between
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This note was uploaded on 03/08/2012 for the course INT STUD 101 taught by Professor Stephenyoung during the Fall '11 term at University of Wisconsin.

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Exam Review 12-15 - Exam Review What is the difference...

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