Car buyers, they say, will refuse to buy vehicles from companies that might not be around in the future to honour warranties and supply parts. As for the proposed merger (a euphemism for GM absorbing Chrysler), GM fears that some chunky restructuring costs will have to be met before it can realise a predicted $10 billion in annual savings... displayed 300 characters
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To that end GM’s boss, Rick Wagoner, has been twisting arms in Washington, DC. He wants the Department of Energy to speed up the disbursal of $10 billion in loans to GM (approved by Congress as part of a $25-billion scheme supposedly intended to help carmakers shift to making more fuel-efficient vehicles)... displayed next 300 characters
Recently, more and more buyers became commodity buyers. When Goodyear launched a survey asked what brand of tires the owners intended to buy the next time, Goodyear had the highest percentage among price-constrained buyers (16%) and commodity buyers (10%), while 24% of value-oriented buyers and 22% of quality buyers intended to buy Michelin tires...
But anyways back to the activities I participated in, first was the apple experiment. The purpose of this experiment was to teach the students how the market can go up and down depending on the prices of the items being bought and sold...
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