Assignment 3 Example | Topics and Well Written Essays - 500 words - 12

3 - Assignment Example The spot gasoline prices are the prices that have an influence on the wholesale of gasoline. This is the price paid by stations when filling their storage tanks. The current price of commodity is $2.18 per gallon (Roseman n.d). This changes depending with season. For instance, during winter the prices are likely to go down by almost a half. The specifications for the commodity have changed since 1998 (Brand n.d). This is as way of keeping up with the new technologies being invented and especially in the oil production and refinery sectors. Also, the changes in the commodity specification are a method of creating environmental friendly products thereby reducing the products negative impacts on the environment (Roseman n.d). Sulphur levels in the Canadian gasoline are not to average more than 30 parts per million. Similarly, the sale of Benzene has been limited to 1.5% by volume. The current future of gasoline is that the prices are likely to shoot. This is because this is what has been trending from February 2015 until March 9 2015 (Roseman n.d). For example, the price was $2.332 on February 23 2015, $2.473 on March 2 2015 and $2.487 on March 9 2015 (Brand n.d). This explains the trend that the prices are going up every week. I expect the price of gasoline to average $3/bbl. The reason for this projection is that the current futures are suggesting a very high uncertainty in the overall price outlook. For instance, the future contracts for May 2015 averaged $52/bbl. This indicates an average of 52% volatility and 95% upper and lower limits. This confirms that the market expectations will widen over time. In my opinion, I would recommend that the projections for the commodity be set a month before the release of the commodity. The executive committee should avoid long duration’s predictions as this is affecting the price of gasoline. For example, if they predict the price shall go up even when the economy is doing great, the

MGMT 4500 Essay Example | Topics and Well Written Essays - 1000 words

MGMT 4500 - Essay Example This position in the airline’s context is determined by the number of domestic passengers served by the airline. The airline’s portfolio has been built by both strengths and weaknesses. While scenario is relatively a normal phenomenon to almost every business venture, the measures employed by Southwest Airlines in exploiting its strengths and addressing the underlying weaknesses are critical and unique its performance. The company primarily concentrates in domestic passenger travel services, giving it a local advantage. However, in international terms, its business performance is based on collaboration with international airlines. Prior to local, regional or international success, Southwest Airlines has outstanding strengths that maintain its top position in meeting air travel demands for the domestic market. Customer service is one of the critical areas that the airline roots its strengths in. The airline has in the past undertaken and continues to undertake service evaluation with regard to customer expectations. In this customer service practice, Southwest Airlines seeks to identify loopholes in its line of service. Customers are the primary determining factors of the success of a business venture. The management and the employees of the Southwest Airlines critically accounts for this fact by striving to meet customer satisfaction in air travel services. Customer feedbacks are presently used as a tool for designing, formulating and implementing customer service policies in the company. Employee base and the number of flights offered per day is an essential current strength. By close of business year 2011, Southwest Airlines had an employee base of 37,000, and offered up to 3,300 flights a day (Hill & Gareth, 2012). This has been realized to due to the ever rising customer volume especially in the last two years. The effectiveness, efficiency and commitment to duty by its workforce, Southwest