in leaps and bounds
I don’t remember the last time I found a series of lecture notes mildly relevant to real life. I think managerial econ, aside from the awesome-like-every-other-ECO-class-set-derivative-equal-to-zero-ness, has something here…
[Courtesy to: Gerstein Library's ability to make me very hungry, Prof. J. Serrano's couple of sentences about density economics in his lecture notes, and THE INTERNET] Here are a couple of scribbled lines I found in my new notebook (Shopper’s Drug Mart, $3.99):
Wal-Mart and Economics of Density
Wal-Mart has a dense network of stores. stop. This network facilitates logistics of deliveries as well as the transfer of personnel much more efficiently, and also adds ease to the promotion of the “Wal-Mart culture”. (I think we can correctly assume that the consumers are unable to see this team spirit…)
Contrast Wal-Mart with Kmart: Wal-Mart structured its store network from the centre-out (see Holmes’ work), and focuses on logistics such as delivery and communication technology, while Kmart simply does not. stop.