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Frantic, Frazzled Firms Functioning is Flawed

Posted by on Jun 14, 2017 in Featured, News Stories | 0 comments

As the Mac and Lyon industries become more competitive, the strains on executives are starting to show.  While some firms are thriving under the pressure, others are making mistakes that are hurting the bottom line.

While some mistakes are small, like retaining employees that aren’t necessary for production or paying engineers to sit around and drink coffee, others are more serious.

One firm ordered upgrades without ordering the base machines.  Another firm ran out of raw materials and had to dramatically cut production.

Industry watchers are particularly concerned about a firm that dramatically expanded their pollution-free production capacities, hired additional workers and bought raw materials but decided to produce very few units.  This firm is rumoured to have a large negative bank balance.

 

With the economy showing signs of weakening, these companies must put a greater emphasis on making better business decisions.

Overheated Economy Shows Signs of Cooling

Posted by on Jun 14, 2017 in Economy, Featured | 0 comments

The question now for Will World economists and the central bank, is did they turn down the heat too much?  Growth last cycle dropped to almost nothing; unemployment remained almost unchanged but as a lagging indicator, we might not see the full effects until next cycle.

The interest rate increase was successful in curbing Willian’s appetite for debt.  Consumer debt levels remained stable last cycle.  Sales of consumer goods dropped slightly as consumers dealt with higher interest costs.

The production of consumer products dropped last cycle, allowing many firms to sell their excess inventory.

If the central bank wanted to put the breaks on the economy, it certainly looks like they have succeeded.

Taxes

Posted by on Jun 8, 2017 in Economy, Featured, News Stories | 0 comments

Facing a short-fall of revenue and demands for more infrastructure spending, the government is expected to consult business leaders on different tax options.  With considerable debate among elected representatives and government economists, the Roslin administration appears to have narrowed the options to five.

  • A property tax of 5% on the value of all manufacturers machines.
  • An excise tax of $1 on raw materials
  • An increase in the income tax rate for all middle and high income earners.
  • A sales tax of 5%
  • A corporate profits tax of 10%

Once consultations are completed with business stakeholders, it is expected that the government will immediately pass the tax legislation.

Choosy Consumers Make Choices

Posted by on Jun 8, 2017 in Economy, Featured, News Stories | 0 comments

Manufacturers had a record-breaking cycle, selling 25% more units than the last cycle.  However, revenues rose by only 0.2% as average prices of most goods fell.  Macs sold for an average of $1.73 while Lyons sold for $1.54.  Prices in the painted product market were relatively stable, with Painted Macs selling for $3.22 and Painted Lyons for $3.24.  Prices for Luxury Macs dropped dramatically to an average of $6.98 while Luxury Lyon prices fell by just $0.02 to $6.49.

As customers start to show clear preferences for some firms’ products, manufacturers are experiencing either surging or declining demand based on their popularity.  Generally, the less popular a company is, the lower their prices will have to be to compensate.  This is particularly true for product markets with less competition.

With interest rates increasing, it will be interesting to see if consumers continue to spend with such abandon.

Spilled Coffee, Spilled Secrets

Posted by on Jun 8, 2017 in Featured, News Stories | 0 comments

Spilled Coffee, Spilled Secrets

A disgruntled consultant at a local consulting firm that often serves as a source for manufacturing industry tips has shared the following research with Will World Words.  Saying she isn’t paid enough for her insights she has decided to share with our readers the following information about the popularity of Will World manufacturing firms.

 

Hiring a Research Assistant? You Aren’t the Only One

Posted by on Jun 8, 2017 in Economy, Featured | 0 comments

Story filed by R Gilmore

Throwing caution to the wind, Will World manufacturers went on a hiring spree last cycle.   25 unskilled labourers found new positions.  Labour market conditions are tightening and there are worries that a shortage in quality workers is growing.  Some firms complain about unreliable workers who show up for work late or steal products.  Other companies report no issues and say new workers, pleased with higher minimum wages and employment opportunities, are productive and happy.

Skilled workers also saw a surge in hiring with 36 skilled research assistants hired just last cycle.

New requirements to reduce emissions, innovative training programs and increased responsibilities have lead to a large increase in demand for research assistants.  “We’ve never seen results like this,” said Professor McGonagall, the dean of Will World university.  “All of my students found jobs upon graduation.  All of them – even the slow ones.”

The high demand for research assistants has lead to increased salary requests.  “I fear any companies looking to hire and train research assistants are going to have to pay dearly for them,” added Professor McGonagall.

 

DunderMifflin Done

Posted by on Jun 7, 2017 in DunderMifflin, Economy, Featured | 0 comments

Story filed by R Gilmore

DunderMifflin has filed for bankruptcy this morning.  After paying fines for their environmental damage and having most of their employees quit, the company has had to file for bankruptcy.

To recover their investment, representatives at Cuttlebank are auctioning off all assets of DunderMifflin to the highest bidder.

Assets

  • 2 Macizoid machine
  • 2 pollution credits

Bidding will end at 2:30pm on June 8th.  All bids should be submitted to Cuttlebank.

Response of Wayne Enterprises to Implementation of Pollution Credits

Posted by on Jun 7, 2017 in Press Releases | 0 comments

When the pollution credit system was introduced, Wayne Enterprises realized they had under-planned and had too little funds to offset their pollution. Wayne Enterprises overbought raw resources before considering whether they had left enough money to obtain pollution reduction so they could use the raw resources they had just bought. They used 48 of their 49 research points to increase their allowed pollution by 600. They then bought one pollution credit, all they could afford due to the earlier purchase of raw resources. Wayne Enterprises decided to focus on only painted and luxury goods, which have are less supplied and thus have greater prices, since they had so little pollution they could produce that cycle. They did not install scrubbers since they lacked the funds to do so. Wayne Enterprises decided to rely on their overfilled inventory to sell at decreased prices to earn enough money to purchase scrubbers in the next cycle. Hopefully Wayne Enterprises will better plan their finances next cycle so that our economy does not lose jobs and our citizens do not have to pay more for Macs and Lyons due to a drop in supply due to Wayne Enterprises cutbacks.

Interest Rates Up, Way Up

Posted by on Jun 7, 2017 in Economy, Featured | 0 comments

Story filed by W Tippin

The central bank, in a completely unsurprising decision, has announced a 3 point bump in interest rates in a powerful attempt to cool Will World’s overheating economy.

The latest statistics put the inflation rate at 4.1%, far about the target rate of 1 to 3%.  The central bank hopes the higher rates will drive down consumer spending and keep Willians from borrowing any more money.  As debt levels increase, economists worry that the citizens are over-extending themselves and borrowing more than is in their best interests.

The higher central bank rate will increase the rate for loans and investments.   Whether the dramatic increase is enough to decrease spending will not be known until next cycle’s sales and inflation data are released.

Pear – Reaction to the Pollution Credit System

Posted by on Jun 7, 2017 in Press Releases | 0 comments

When the system was initially revealed to us, our first thought was to account for all product production in the next cycle. We had quite a number of machines, so we thought that we could just produce at maximum capacity and deal with the credits on the next round. We took a closer look at how we could solve the problem with the limited amount of credits, and the following describes how we reacted with each solution.

1)     Goosies: We thought that these would be hard to attain as they don’t expire and are auctioned, creating a demand throughout all firms. So, we decided to ignore it, until we realized that it actually costed quite a bit to hire trained research assistants. So, we bid for the goosies, and ended up paying about 800 and 600 for each. Although this was the market price, it could’ve been quite a bit lower if the Economics Party didn’t start off the first bid at 1000.

2)     Research Assistants: With this option being the most unlimited in terms of scalability, we decided to use this. However, we didn’t have the research points to actually train the assistants. Upon trying and failing to purchase the assistants from other groups, we decided to invest and trade off time for a cheaper price. This remains our top solution for negative pollution emissions.

3)     Scrub-Ease: Useless. Almost all of our machines have a type of upgrade, and this solution does not match what our firm produces.

Lastly, due to most of our luxury stock not selling out (probably due to a high price), we decided to produce less, lessening future costs on negating pollution emissions and cutting production costs. We will charge a lower price and hopefully sell out this cycle.

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