MBA- Managerial Economics -CHAPTER 10 ORGANIZING PRODUCTION

Описание: 🏭 Organizing Production Explained: Profit, Efficiency, Firms vs. Markets & The REAL Reason Apple Doesn't Make the iPhone! 💡
Why does Apple outsource the iPhone? Why do some companies use robots while others rely on hundreds of workers? What’s the real difference between “accounting profit” and “economic profit”? And why does your T-shirt travel across 5 continents before you buy it?

In this deep-dive video, we dissect Chapter 10: Organizing Production from Exploring Management. Forget textbook jargon—we break down the economic engine behind every business, from your local garage to Apple, Boeing, and Nike.

You’ll master these critical concepts:
✅ Economic Profit vs. Accounting Profit: Why your accountant’s number is misleading—and how economists calculate true profit using opportunity cost (including your owner’s forgone salary and interest on savings!).
✅ Technological Efficiency vs. Economic Efficiency: Is the latest tech always best? Discover why a factory might use 1 robot or 1,000 workers—and how factor prices (wages vs. machine rental) decide the winning formula.
✅ The Principal-Agent Problem: Why CEOs might prioritize their golf game over shareholder value. Learn how firms use ownership stakes, incentive pay, and long-term contracts to align interests.
✅ The 3 Types of Business Organizations:

Proprietorships (Unlimited liability = your home on the line!)
Partnerships (The “joint unlimited liability” trap)
Corporations (Limited liability, double taxation, and why they dominate global revenue)
✅ Command Systems vs. Incentive Systems: How do firms motivate workers? When do you use strict hierarchies (like the military)? When do you use bonuses (like sales teams)?
✅ The 4 Market Structures: Perfect Competition, Monopolistic Competition, Oligopoly, and Monopoly. Understand concentration ratios and the Herfindahl-Hirschman Index (HHI) to analyze real industries (e.g., Why is chewing gum a monopoly?).
✅ Firms vs. Markets: Why does a firm exist at all? Discover how businesses save money by reducing transaction costs, achieving economies of scale (mass production), economies of scope (shared resources), and team production (like a sports team).
✅ The Apple Paradox: Why Apple designs the iPhone but doesn’t manufacture it. We reveal the global supply chain secrets behind your tech—and why outsourcing is often the most economically efficient choice.
Whether you’re a:
• Business or Economics student preparing for exams
• Aspiring entrepreneur deciding your business structure
• Manager trying to optimize production
• Or just curious why your $10 T-shirt costs $100 to make in the US

…this video gives you the strategic framework to understand how every business makes its most fundamental decisions: What to produce, how to produce it, and whether to make it

Organizing Production, Economic Profit, Opportunity Cost, Principal-Agent Problem, Technological Efficiency, Economic Efficiency, Command System, Incentive System, Proprietorship, Partnership, Corporation, Limited Liability, Four-Firm Concentration Ratio, Herfindahl-Hirschman Index, HHI, Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly, Outsourcing, Global Supply Chain, Economies of Scale, Economies of Scope, Team Production, Transactions Costs, Firm vs Market, Production Organization, Business Strategy, Managerial Economics, Microeconomics, Apple iPhone Supply Chain, Why Companies Outsource

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💬 Comment below: Do you think Apple should make the iPhone itself? Why or why not? Would you pay 50% more for a "Made in USA" iPhone? Let’s debate!

📚 Source: Chapter 10 – Organizing Production, from Exploring Management
🎥 Produced by: CERTIFICATE – Where Complex Management Concepts Become Crystal Clear.