You are a recent business major graduate and a new manager in the supply chain management organization of Marriott International. The organization is looking to reduce the amount of money spent each year on basic supplies such as linens and towels, cleaning supplies, furniture, and appliances. You have been asked to explore the feasibility of establishing an electronic exchange (consortium) of other hotel chains and the suppliers of the items in an attempt to lower total costs. Required:
a. Explain how such an electronic exchange might operate.
b. What are some of the pros and cons of participating in an electronic exchange?
c. Identify several strategic and competitive issues that may complicate the formation of such a consortium.
d. Would you recommend that Marriott continue to explore the feasibility of setting up a consortium? Why or why not?

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Chip wilson has hired goldman sachs, an investment banking company, to assist him with a hostile takeover of lululemon. wilson's goal is to hire a new board of directors because he believes there is a need for a more long-term focus. goldman sachs is a proven firm at making a profit in every move that they make. if the hostile takeover does not pan out, what could be another motive for investors?

The new york stock exchange is an example of what type of stock market?