Lemons problem and its effects on the efficient functioning of a Essay

Lemons problem and its effects on the efficient functioning of a market - Essay Example The lemons problem, in the investment field, is noticeable in areas such as corporate finance and insurance (Mishkin 420). The lemons problem is essential in business as it clarifies those who are overexploited, in business dealing, and those who are not (Akerlof 1). Information asymmetry occurs when parties to a transaction lack the same degree of information essential to formulate an informed decision. For instance, in the market for used vehicles, the purchaser mainly cannot establish the value of a car accurately and might, therefore, just be willing to pay a minimal price for the car (Akerlof 1). This is somewhere between the premium price and the bargain price (Mishkin 434). Nevertheless, this tilts the proceedings in favor of a lemon vendor. This is because, even as the normal price for this lemon would be higher than the value it would command, the purchaser knew beforehand that it was, in fact, a lemon (Mishkin 435). Also, such a happening puts the seller of a proper used car at a disadvantage, as the best price a vendor can expect is an average price, but not the premium price the vehicle shou ld

Employee Training in Domino's Pizza Article Example | Topics and Well Written Essays - 500 words

Employee Training in Domino's Pizza - Article Example The present research has identified that the company’s success depends on how people will patronize the product. The evenness of border should be given importance. Domino’s Pizza should be able to maintain a good and consistent thickness of the dough. Their present customers will notice these changes. They buy pizza in the company because they like the quality of the pizza. Though the newly introduced method of teaching does not change the ingredients of the pizza, the company should be able to make sure that there are no negative effects on the taste of the pizza. The researcher would recommend use the Post-Test Design in determining if CD-ROM training is more effective than on-the-job training. This design is relatively inexpensive. In this type of evaluation design, a post-test or survey is administered to the program or the participants. Domino’s Pizza can implement this design because of this a useful design when the time is an issue. The company can adminis ter a survey after implementing the CD-ROM training. The cost is the major factor for evaluation in determining which of the two methods is more effective. As much as preserving the quality of the pizza company, the company also wants to reduce costs. Knowledge and new talent can help to reduce the boredom of the new employees. The method shall demonstrate to the employee that they are valuable enough for the company to spend on them and their improvement. The new method should help keep the motivation of employees up. The methods should be able to prove which of them has the capability of contributing a long-term and effective learning. The employees have the tendency to forget knowledge or learning as time goes by. The company should ensure that what has been taught and trained will remain in their systems. The method shall be able to ensure that the new employees are guided properly throughout the journey of completing the task.   The trainees should be guided accordingly to re duce mistakes and error of the production.