Essays on Managerial Economics

Importance of Entrepreneurial Activity to the UK Economy

Assignments 2 Introduction The constant growth and evolution of economic relations, both between countries and between entrepreneurs within a country, are requirements for the creation of new business forms. Entrepreneurship is an important, but not a sufficient factor in economic and social developments of countries (Waschik, Fisher and Prentice, 2010). However, if left uncontrolled by the state, entrepreneurship can become just as harmful as the administrative-command system in an economy. Entrepreneurship is essential for the development of a competitive economic environment; in order to give the final consumers the freedom of choice, but does not content with goods offered ...

Importance of Entrepreneurial Activity to the UK Economy

Introduction Constantly growing and developing economic relations, both between countries and between participants within a country, are prerequisites for the creation of new forms of business. Entrepreneurship is an important, but not the only factor in economic and social development of many countries (Waschik, Fisher and Prentice, 2010). However, uncontrolled, no adjustable (wild) business (without the supervision of the state) is just as harmful as the administrative-command system. Entrepreneurship is essential for the development of a competitive environment, in order the final consumer of products has the right to choose, but does not content with goods offered to him/her ...

Energy gel case:

Overview HPC is a company in the energy foods industry. Currently, the company has three arms, food, drinks, and international operations. The company sells energy drinks as well as the quick-pro energy bar. The head of business development Harry Wickler has come up with a comprehensive business plan for the introduction of energy bars in the market. However, there have been problems because not everyone agrees with his reasoning. In particular, Mark Leiter the head of the quick-pro energy bar product disagrees with Wickler’s cost calculation for the introduction of the new product as well as the cost ...

Global enterprises is a business entity whose operations mainly involves the labor as the main factor of production in the operation of its activities. The output of the business therefore relies heavily on the labor force available for production in the business. The labor force in the business organization since the number of laborers is 100 workers. The output of this business is 6000 units per month. The number of units is fairly proportional to the labor force of the business entity. The fixed costs of this business are relatively high compared to the variable costs of the business. This ...

Executive Summary

Organizational architecture determines how efficient or inefficient an organization is. An organization has to adopt a harmonized mix of the three core elements of organization architecture. The reward system, assignment of decision rights, and the performance evaluation criteria should display quantitative and qualitative balance. The ability to balance the above three elements brings about success in all organizations. When an organization’s architecture is continuously updated, it is in a perfect condition to respond to market shocks like competition and technological changes. The rate at which an organization successfully alters its architecture in response to market shocks directly influences its ...

Module 8

Teamwork is the most important attribute which an organization can rely upon to achieve its objectives and goals. Even though the benefits of teamwork are innumerable, but many a times few members of the team are more than happy in pulling of their weights and relying on the other members to complete their share of responsibility. This gives rise to the so called, ‘Free-Rider Problem’. To explain as how bad the situation can turn, let us say that an entity has world class infrastructure and technology to produce its products, however, its employees are not willing to cooperate or work ...

INTRODUCTION

In this information age, the digital revolution has transformed the industry to an information based economy. Since the late 1970s, the day to day evolution of technology has shaped the modern society by introducing globalized communication. The UK mobile phone network industry is developing day by day by introducing the new-tech systems in the market. O2, Vodafone, EE, T-Mobile, and Orange are the biggest mobile phone network providers in the UK (Rushton, 2012). This report has presented a thorough economic analysis of mobile phone network industry in the UK, considering the biggest network providers in the country.

ANALYSIS OF MOBILE PHONE OPERATORS IN UK

Mobile Phone Network ...

INTRODUCTION

In order to come up with effective and efficient strategies, it is important to understand the dynamics of different market structures. Different market structures have different characteristics and features and operate differently. In this report, an attempt has been made to understand the different market structures and comments have been made on the different features and characteristics of these market structures.

MARKET STRUCTURE

A market is a group of individuals, firms and economic agents, who have interaction with each other as a buyer and seller. In economics market structures are defined into four main types, and that are perfect competition, monopolistic competition, monopoly, ...

Cost is an important measure which is extremely vital for an organization in particular. There are two different types of cost, which particularly are fixed cost and variable cost and it makes a total of Total Cost. Both of the types of costing are essential for a company to incur. Every organization tries to decrease the cost of the company in order to increase the financial belongings resultantly. Apart from the fixed and variable cost, financial risk is yet another important provision on which the entire capacity of an organization depends upon . The prime theme of this assignment relates to a company ...

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Please type your Course name here Please type your Institution name here Introduction The principle of profit maximization primarily focuses on the very fact that the fundamental motive of any business entity is maximizing its profits consequently maximizing the income of all of its shareholders. Maximization of sales, stock price, market share, and cash flow would all lead to profit maximization of the firm. Identification of the point where there exists the maximum difference between total revenue and total cost would help the firm in achieving the maximum profit. A few basic rules that would apply ...

The world has been migrating from the analogue era to the digital era for the last couple of years. In the digital era, electronics are very essential components and hence their demand has increased. The number of electronics manufacturers has consistently increased over the years, and the level of production has surpassed the growing demand. Lenovo has been affected by the situation and therefore the company needs to take keen note on the demand and supply concepts.

Price determination using demand and supply curves

The price of any product should be derived from the demand and supply curves. The place at which the two curves intersect ...

Assignment 1:

The Pizza Company is considering entering the marketplace in your community. By conducting a demand analysis and forecast for pizza, you will be able to make a decision whether The Pizza Company should establish a presence in your community. - Estimated regressions:

Demand analysis of the forecast for pizza in 30 markets is shown in graphical illustration (Graph).

Supply of pizza products and services to customers is examined in comparison where the company’s pricing structure is exhibited in Price (P) frequencies, and competitor pricing (Px) frequencies in multi-linear analysis of median cost to customers (Graph). - Then, from the calculation provided, interpret the coefficient of determination, indicating how it will influence your decision to open ...

The World Bank Organization accounted for foreign direct investment or FDI in Malaysia as the net inflows of investment, i.e., new investment inflows minus disinvestment, in Malaysia made by foreign investors. FDI has been viewedas an important factor that promotes economic growth since it is a source of financing and development, and contributes to productivity gains by creating new investment, better technology, management expertise and export markets (Roy &Mandal, 2012). In particular, empirical studies on the impact of FDI on developing countries revealed that it has favorable impact on productivity and growth (Rodan, 1961; Chenery& Stout, 1966), induces increasing returns ...

Long-term Investment Decisions

Coca-Cola is the world most recognizable brand in offering soft drinks operating in over 200 countries around the globe. Through product variation and adaptation, the company has been able to realize a wide influence in the market in terms of capital investment. This thesis is concern with long term decision making in Coca-Cola. This thesis presents a particular situation where the government regulations intervene in the merging process. Therefore, the purpose of this desertion is explaining the reasons for and against government involvement in the market economy. Managerial economics are concerned with several activities in the company including decision making ...

Bright Light Ltd

Bright Light Ltd is a company that manufactures fluorescent bulbs. This company has been in existence for one decade now and during this time it has proved to be a reliable organization since it has been producing high quality bulbs. In the past, the company has been able to capture a considerable market niche due to the energy saving nature of the bulbs. Some of the bulbs produced by the company use 20-40 percent less electricity compared to the incandescent bulbs. Even though the company produces high quality bulbs, it has not been able to acquire a competitive advantage over other firms in ...

Big Squeeze - Various Profits and Costs in Business

The law of diminishing marginal productivity states that as more of an input is used while the other input is fixed, productivity first increases, remains constant and then diminishes given that technology is constant. In this case, it is true to point out that fewer laborers are being used after layoffs due. The capital is fixed and it is therefore expected that the output will eventually fall. However, this is not the case since the output has been seen to increase regardless of the laid off workers. The input labor cannot be said to have reduced in this case ...

Last semester, I took Managerial Economics class, but unfortunately I missed the final exam and therefore I failed the module. I am writing to you to appeal for a retake of the Managerial Economics exam.

I was unable to take the exam as I had to unexpectedly fly back to China for my grandmother’s funeral. My grandmother was close to me, and to my whole family, and it would have been unacceptable for me to miss her funeral. The whole experience was traumatic but to have failed my module as a result of my grandmother’s death has been especially ...

Supply and demand is the examination of market forces that determine the potential profitability of an item. However, the extent to which these factors work together is somewhat of an exact science, with a variety of things entering into the question. Marginal analysis requires an economist to make decisions ‘at the margin,’ determining just how the next dollar or hour should be spent. A marginal analysis of supply and demand, then, would help to determine supply and demand curves in a way that figures out how much they cost.

The market demand curve showcases how many goods would be purchased at a ...