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Statiswha? The basics of statistics

Statistical analysis is often used to investigate theories by different forms of data collection in which management can determine a solution.  By collecting data, researchers can use methods of quantitative, qualitative, mixed, or action research.  These methods are each different from one another and each provide a specific purpose in the role of the investigation.  This also opens new discoveries based on certain areas...
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TechnoBeer

The food and drug industry is one of the most widely known industries to utilize a inventory management system, specifically a fix quantity system.  A fixed quantity system is where is where inventory is ordered on the same amount, for whenever needed.  These type os systems need advanced amounts of technology to update and receive data on how much is need and when it is needed.  Computers and wireless technology are usually...
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The life of an asset management contractor

As an asset management contractor, fulfilling clients demands are very specific and technical due to the expectation.  When clients seek to reduce cost, increase revenue, or develop processes to improve performance, there are no simple agreements to any given projects.  For a typical project, the client request a total quote .  This includes all materials, labor, and/or special cost.  All quotes are to include future...
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"Ladies and gentlemen, we are going global" (as the company gasps with disappointment)

           Since globalization has spread throughout the world, businesses of all types, including both large and small, have increased their interest to incorporate operations to outside nations.  Such reasons may include saving on material costs, enter a Free-Trade Zone, or simply reduce the cost of labor.  For whichever reason, these global businesses help provide jobs to nations where employment...
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Samsung Galaxy S3 or iPhone 5?

            Innovation is define by a product of means to which it introduces a breakthrough in performance, quality, price, and general purpose.  Depending on the industry, innovation may be common, or may be very rare to see such products.  In regards to the technology industry, with a focus on mobile technology, the Samsung Galaxy S3 is among the most famous...
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Tips on how to reduce your monthly living expenses.

The details below provides a guideline on how to reduce your monthly living expenses, by making some simple sacrifices.  Although some of the sacrifices may not be suited for most, nevertheless, the intentions for the passage is to provide readers with a perspective on where and how to save on your monthly living expenses. 1. Begin with the necessities of life (food, drink, housing)- 76% reduced. The necessary means to live is to eat...
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About This Blog

This blog is my effort to try and share my knowledge and understanding of economics. If you stick around, you are guaranteed to learn something about analyzing the production, distribution, and consumption of goods and services.

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