How does Norfolk Southern Corp. affect the Hampton Roads Area Research Paper

How does Norfolk Southern Corp. affect the Hampton Roads Area - Research Paper Example This review will look into the issues and in the end offer a concise and concrete analysis of the effects of the Norfolk Southern Corp on the residents of Hampton area. Primary information about the company as well as sources is encompassed in the review so that as more information about the relationship that exist between the company and area residents- and the area in a general- are deeply established. It is hoped that this paper will provides an informative insight into the significance of the company to the residents, the neighboring community and the micro economy of its environs. The Norfolk Southern Corporation is the company that owns Norfolk Southern Railway Company.   The company mainly focuses on transporting raw materials, semi-processed products and processed goods mainly in the Southeast, Midwest and East areas though interchanges with rail carriers in all parts of the United States.   The company also takes part in overseas freights transportations through Gulf Coast and Atlantic ports.   The company provides services as well as offering intermodal network in almost half of the Eastern part of the USA. It is estimated that in 2012 alone, the company covered about 20,000 miles in some 22 states and the Columbia (The Right Direction: Norfolk Southern Corporation 2002 Annual Report and Form 10-K p72). The system is such that it reaches various individual companies, mines, electric generation facilities in eastern and western Kentucky, northern southern West Virginia as well as Western Pennsylvania. It covers distribution centers, companies, transload facilities and various businesses located within its areas of operation. The company’s subsidiary christened Triple Crown Operations provides truckload transportation, through road trailer services. This is a technology that integrates both under-the-road and above-the-road transportation through the use of tractor trailer and highways by use of locomotives. Triple Crown also uses traditional trailers

Questions 7 and 8 Coursework Example | Topics and Well Written Essays - 500 words

Questions 7 and 8 - Coursework Example This is because he thought that the workers were lazy, or the supervisors were inefficient. Canadian Fabrication and Design has attained its marginal product. This is the output that the company generates from one additional factor of production which is a metal worker. The decision of cracking down employees will not yield to high production levels. This is because the firm has attained its optimal production level and beyond this point it will only yield the same production or less. The best measure that the Chief Executive Officer of Canadian Fabrication and Design should adopt is to expand production of the firm. This will increase the marginal production level of the business and thus sustain the newly employed sheet metal workers. The Chief Executive Officer of the organization should adopt this measure as an alternative to cracking down the number of employees. It will result in success of the organization since the company will make sufficient sales (Hirschey, 2008, p. 21). Priceless goods refers to the commodities which people hold as having non market value which makes them perfectly unsuitable for buying and selling. An example of a commodity that people view as allegedly free is prescription drugs. The various people who make drugs have the responsibility of setting reasonable prices for the medicines. This calls them to restrain the prices. People view these drugs as priceless since they are urgent that they leave companies without price which they acquire in the market (Hirschey, 2008, p. 28). The concept of accounting cost states that a company incurs expenses during production. These expenses show up in the financial statements of a company. Prescription drugs are not priceless since the company incurs expenses in the production process of their manufacture. This refers to a business cost that one can identify and account for in an easy manner. It is a direct expense which an