Essays on Market Forces

Managed care is an essential system of delivering health care across the country that works towards the provision of a generalized structure necessary to focus on the use, access, effectiveness, quality, and cost of services offered. The management aspect creates a link to the patient, which deliberates on the provider services noted across the industry. Two main modes of managed care provisions include provider reimbursement as well as hospital reimbursement aspects. Working on these aspects requires a premium understanding of issues within the community. Provider networks attempt to reduce costs that emanate from providing better fees for the services ...

Wage structure is an important aspect of the strategic management practice that affects the productivity in an organization. The human resource management team is tasked with the role of ensuring that different roles are adequately compensated and that the employees have a clear, well-defined promotion structure. There is a need for the organization to assess the demand and supply and the interaction of the market forces in the labor market. In so doing, they can determine the right compensation for a particular position. This paper will assess the lines of segmentation in MENA region, causes, and their consistency with ...

Sweetness and Power: The Place of Sugar in Modern History

“We are what we eat; in the modern, western world, we are made more and, more into what we eat, whenever forces we have no control over persuade us that our consumption and our identity are linked ( Mintz, 1985, 211).” In his book, Sweetness and Power: The Place of Sugar in Modern History, Sidney. W. Mintz takes a historical and anthropological approach to the production and consumption of sugar and in the process explains the place of sugar in the human food chain and how capitalism and market forces changed the status of sugar from a luxury item into ...

1. Misconceptions Money generation remains central to economic activity. The process of how money is generated / created and destroyed is not, in fact, readily understood and is subject to numerous misconceptions. If anything, main conceptions about money creation and destroy assumes a linear conceptualization mode. Typically, money is widely – but mistakenly – believed to be created and destroyed by a direct relationship by which an owner places money deposits in a financial institution which, sooner or later, lends money to borrowers and hence creates more money. In modern era, particularly in a global financial system in which financial transactions ...

Introduction

An organization is regarded as an entity that is made up of people with a collective objective and is connected to the external environment. Hence, a business organization is a group of people collaborating to achieve a commercial objective (Handy, 2005). Toyota Motor Corporation is a Japan based auto manufacturing company with its headquarters in Toyota, Aichi. The company was ranked as the 13th largest in the world in terms of their revenue. It was the largest automotive manufacturer in 2010 ahead of the Volkswagen group and the general motors in terms of their production. The Toyota motor company ...

Introduction

Cash management is a complex task though it seems to be an easy job. It is a highly complex as well as detail oriented task. It is very necessary to effectively manage the cash that the company have. If the company fails to manage the cash effectively, then there will be problem in meeting the financial obligations. Failing to manage the cash effectively will affect the company’s operating, financing and investing activities. In sum, the whole cash flow system will be affected. To facilitate the cash management, the company prepares the cash budget and implements the proper cash ...

Brand revitalization is s strategy used to market a business and it is mostly implemented when a business reaches maturity where the profits have decreased and the business management is attempting to bring back the profits of the business. Moreover, product or business revitalization is mostly conducted due to various market forces that cannot be controlled, such as increased competition, when the customers taste and preference changes among others. Concerning Plaza health home services, there was a need to undergo brand revitalization because the one they had adopted was old fashioned and could not sustain the changing market forces. ...

Competition is an outright form of a contest between two or more parties where each strives to be ahead of the other regarding resource capabilities, recognition, awards or status. Every party sets goals that make them superior to the others like the case of corporate organizations where companies make efforts to acquire larger market shares by having specific targets on aspects such as quality of their products and services. Competition could, however, affect the society either positively or negatively. Competition becomes disadvantageous in the event where it causes injuries, health issues or poor working conditions that interfere with the ...

The role of the state in the economy: A historical perspective

The role of the state in the economy has been a subject of discussion for many decades with different views emanating from a broad range of the individuals and institutions in the field of economics. Since the early 1900s, various economists have continued to investigate the various roles of the state in economic development. The investigation led to the distinction of the roles in two broad categories, namely; normative and positive roles. Normative roles refer to what exactly the state should do to maximize the welfare of the people. On the other hand, the positive roles outline what the ...

Introduction

It is true that there is a significant disparity between the American in terms of classes in the United States today. The gap between the upper class and the lower class has been increasing, whereas the middle starts to fade away. Dating back to early 1990s, almost half of the national income growth of the nation was owned only the top 1 percent of the richest families. The escalating gap between the two groups is attributed to the ever increasing income to the wealthiest 1 percent and stagnant income for the middle American households. Therefore, the middle and the ...

Introduction

It is important for human beings to make good use of the market forces while at the same time regulating and modifying our natural reliance on it to be able to secure the environmental and social values. However, this has not been the case over the years as companies and international corporations went ahead to violate environmental and human protection rights. Organizations and businesses have a responsibility of ensuring that they protect the environment from destruction while at the same time adhering to the human protection laws and principles. In regards to the above information, the paper answers questions ...

»WHILE THE ACCOUNTABILITY MECHANISMS OF PUBLICLY LISTED COMPANIES RESEMBLE THOSE OF DEMOCRATICALLY ELECTED GOVERNMENTS, IN PRACTICE, THESE MECHANISMS ARE OFTEN LARGELY INEFFECTIVE.«

Introduction 3

The Concept of Accountability 4 Governance and its Relationship to Accountability 5 Publicly listed companies and accountability 6 Accountability with regards to various participants 9 The Challenges of Technology 11 Conclusion 12

Bibliography 14

Introduction The governance and accountability of the corporate world has been a significant focus for many since the economy fell apart during the 2007 financial crisis. Prior to this event, there was a lot of public trust in corporate structures; however, after the financial crisis, ...

Introduction

Modern global economic system is a considerably distinct from the dogmatic frameworks of political economy (Mankiw, 2014). Professor Blanchard contests that extreme increase in production and substantial automation of the business processes have seriously changed the global economic landscape (2011). In order to stay competitive the companies have to develop and implement new business solutions, as well as they have to stay socially and environmentally responsible (Goldin, 2014). In addition, Gartner wrote that there is an increasingly important need to stay in line with the perpetually evolving customers’ preferences (2006), and the smallest disharmony with their predilections may result ...

Adam Smith views the world as an economy driven by greed. Hypocrisy has dominated human mental institutions. He talks about consumption and production of goods as his main point of reference. He argues that the elite members of the society consume more than the poor whom they divide the little that is available. Contrary to the declaration by the rich as only doing what is good, Smith posits that the whole human race is driven by selfish interest and not the universal goodwill they proclaim (Heilbroner 47). Based on this, the government has a duty to intervene in production ...

Summary of the WSJ article

The article by the Wall Street Journal illustrates the drop in oil prices over the years in the United States and the global market. According to the article, the oil market is not attractive to investors all over the world due to the dropping prices of fuel over the years. Oil prices have dropped significantly to settle at very low prices per barrel. The US economy currently regards oil as one of the worst performing commodities in the country which is unlike the previous years where oil was one of the most profitable investments. According to the article, the ...

Introduction

The exchange rate is a very significant economic variable that all markets keep a close watch. Exchange rates are influenced by multiple factors both political and economic. A variation in exchange rates implies that the reference currency has become weaker or stronger against the underlying currency. The Japanese Yen has experienced numerous stability swings against other currencies over the past here decades. The worst point in the era experienced by the Yen was in the early 1980’s when the Yen weakened to trade at as low as between 200 – 270 yens per dollar. This condition persisted until after ...

Goals of a well-functioning economy

A well-functioning economic system should ensure price stability. It should be able to control the rate of inflation such that the interests of both consumers and traders are met. High inflation rates negatively affect the consumer welfare while very low prices are detrimental to businesses. Besides, an economic system should ensure full employment. It must reduce unemployment rates to the levels at which all factors of production are engaged. The economy should also ensure equitable distribution of resources and production. The tax system should fair and equitable. A well-functioning economy should also enhance economic freedom (Colander 17). The economy ...

Introduction

Labor constitutes a fundamental factor of production, and it is one of the determinants of services and commodity prices. It entails human efforts used in the creation of goods and services, and its rewards are salaries or wages. Unemployment is one of the major economic problems facing many countries, especially developing ones. Attaining full employment level is the objective of most governments since it is an essential driver to achieving economic growth and development. In most developing countries, labor markets are poorly developed, and wages are determined by market forces of demand and supply. As such, labor is poorly ...

COCACOLA COMPANY

Coca-Cola Company Introduction Basing on the report of the EDGAR and United States Security and Exchange Commission, Coca-Cola Company is one of the best non-alcoholic companies leading in various global operation sectors like marketing, manufacturing and distributing its products at global level. The company’s main products include different beverage products that are distributed around the world, and it also distributes concentrates and syrups globally. The company has several objectives. Some of them are serving customers adequately, valuing their interest, protecting company's assets, minimizing business risks and maintaining a sustainable environment that is often friendly to customers.

Segments of the general external environment that affects the company

Coca-Cola Company ...

Introduction

The purpose of the paper is to evaluate the approach of Marks and Spencer, a giant multi-channel retailer located in the UK based on sustainable products and managing waste (EY). The report aims to identify the main sustainability challenges that M &S recognize in their reporting and summarize the M & S sustainability strategy to highlight the obstacles, benchmarking against its rival Zara and Adidas. The report will provide an evaluation of M &S approach to sustainable products and manage waste drawing upon information available in the firm’s sustainability reporting material and concerning the speculative academic theory and models. ...

Introduction

Monetary policy and fiscal policies are important aspects of the analysis of the U.S economy, as they have a significant impact on the growth of the economy. Moreover, the two types of policy issues are always in active use in the country although the media offers much attention on various economic indicators. Nonetheless, both monetary and fiscal policies have a significant role in the development of an economy and must work together as they cannot exclusively work on their own. Fiscal policy works using tax and spending changes to impact on an economy in diverse ways. However, for any ...

Introduction

This report demonstrates how Uno Homes (UH) will respond to their operating environment through the use of PESTLE analysis, which can be used as a basis for future planning and strategic management. Such analysis of the surrounding environment is designed to point out the specific opportunities and threats that will impact the future strategy of UH.

Organisational Profile

Uno Homes are homebuilding specialists, one of several house builders operating in the city of London. Uno is the commercial brand of Uno Homes Group, one of the leading providers of homes in East London that was formed to meet the growing demand ...

PORK INDUSTRY IN THE U.S.A

Introduction

The pork industry in the U.S has taken a tremendous change in the recent past, especially with the introduction of large-scale fabrication of the produce by a few individuals in the country. However, the shift in the production to include a few players that engage in large scale production is a worry to many people in the country, an aspect that has led to heated debates. The widespread discrimination experienced by consumers is a major aspect that has contributed to the change in production trend. Consumers' taste has significantly changed in the recent past, ...

[Word count 2509]

Implications of market structure for business and consumers

In a nutshell, economists define a market structure as the characteristics of the market which encompass competitive and organizational characteristics. However, a salient feature used in describing market structures is the number of firms in the market, which in turn dictates the nature of competition and pricing mode. As such, there exist four market structures, which are oligopolistic, monopolistic, perfect competition, and monopoly market structures. Each of the four market structures reflects a generic characterization of a real type market (Nancy and Kamien, 1982). Undeniably, the market structures direct the behavior of firms in the market. ...

In his article, Ibbotson (2010) investigates the impact of a long-term asset allocation policy on portfolio performance against that of active management with respect to security selection and market timing. The paper draws its inferences from reviewing existing literature on empirical studies examining the same. The issue of contention arises from conclusions made by Brinson, Hood, and Beebower (BHB, 1986) that asset allocation policy was responsible for more than 90% of the return variations of an average fund over time, with market timing and security selection playing minor roles. In contrast, the critics of the BHB model (e.g. Ibbotson ...

Crude Oil Prices: Market Supply and Market Demand

Abstract The primary purpose of this paper is to understand how supply and demand factors contribute to a consistent decline in crude oil prices across the globe. Furthermore, the paper seeks to understand the impact resulting from the fall in the U.S and the global economy and implications of the same. In the introduction, the paper starts by acknowledging the importance of crude oil to the world economy and the fact that it is an ordinary commodity whose price is influenced by the market forces. Oil prices are renowned for their instability in the market, an aspect that is ...

INTERNATIONAL MARKETING

Introduction Market ventures into new markets have become a modern tool of business success used by various businesses to ensure and sustain their positions. The basic acknowledgement of the various international marketing elements of marketing which are price, product, place and promotion has catapulted various businesses to greater levels of performance. Through strategy implementation and evaluation, businesses have been on the steadfast path to success. However, the need for re-evaluation of the previous strategies incorporated has ever been witnessed due to the changing business frontier. Thus, I will evaluate the various aspects that need proper evaluation in venturing into ...

ADT is a data collection and analysis company that provides subscription software tools to its customers. The main functions of ADT is to assist its clients in decision-making. It uses the large and consumer related data such as consumer profiles and purchase patterns etc. ADT provides an option to the clients to log into the portal where software for organizing the huge data according to their requirements. The clients can subscribe to the services of ADT by paying for usage time or annual fee basis.

The current information in the database of ADT is raw information. It is stored ...

Institutional racism is a part of one of the patterns followed by social institutions. There is a group of people who are given a negative or different treatment based on their race. Government organizations, banks, schools and other organizations often display such inequality and give unequal treatment to people based on race or skin color. Often, institutional racism (Mendez)is not intentional and is just pattern that is followed. Whether qualified blacks and Latinos get the right job opportunities or are victims of Institutional racism, is a debatable issue. With the arrival of an African American family in the White House, and as ...

According to International Monetary Fund (IMF), China recorded $6,747 nominal GDP per capita and $9,844 GDP per capita (PPP) in the year 2013. China's population approximation is at 1,392,472,656 people; its fertility rate is 1.58 births per woman, and life expectancy is approximately 73.49 years. Population growth rate of republic of china is at 0.46% per annum. China engages in international trade with countries all over the world, therefore, it experiences open economy (Cypher, 2014, p.237).

China has overtaken Latin America countries in competitiveness in international markets. Its well structured economy and strategic ...

- How did Gardner's actions match the description that Murray Rothbard gives to entrepreneurs and entrepreneurship?

Gardner is truly an entrepreneur. Professor Murray Rothbard describes an entrepreneur or a “capitalist-entrepreneur” as the person that invests in land and/or capital goods and uses these factors of production in the present for producing goods and services that will be sold in the future. The entrepreneur makes a profit if the rate of return he gets from this economic activity is greater than the prevailing general interest rates. This is brought about by his realization that capital or capital goods is “ ...

OBAMA CARE

Introduction The term Obama care is more or less a derogatory term coined by the critics of the affordable care act put in place by president Barack Obama. The literal meaning of the term Obama care is quite disturbing to say the least. This is because it refers to the type of care that is more inclined towards president Barack Obama as opposed to the entire nation. The question thus arises as to the true nature of this Obama care and whether or not it favors the greater good of the nation or it is a desperate plan by president ...

DO WE LIVE IN A WORLD OF MEDIA INFOTAINMENT AND MELODRAMATIC REPORTAGE?

Introduction For the past 4 decades, the role of the media has been in the process of transforming. Traditionally, the role of the media has been purely on performing an informative role concerning various events taking place across the globe. This phenomena is commonly known as the provision of hard news where the reporter presents the facts to the viewers they way they occurred. However, this is no longer the case, as the media is increasingly indulging in the provision of information as well as entertaining the society. The media houses have been shifting from the traditional methods ...

An ideal market place is one where demand is equal to supply leading to the right quantity of goods being supplied into the market. The goods that are supplied in the market must also be used or at least bought by the consumers in order to create a “perfect” market place. If this balance is changes or forced to change, then the resulting market would not be an ideal market. It would either be more goods supplied than demanded or more goods demanded then supplied. In either case, this will lead to higher than the actual or lower than the ...

How should labor relations in the United States progress in the future?

Labor relations have been facing stiff opposition as well as criticism for quite some time now. Membership in unions has also drastically reduced today compared to in the 1950s. Membership has declined from 33 percent for all American workers in the 1950s to 11.8 percent today (Freeman and Hilbrich 1). The most affected areas are in the south where labor unions are virtually nonexistent. The few that remain in other parts of America continue to struggle. Remarkably, changes need to be made so that their activities can progress in the future. Scholars and researchers argue that the only successful ...

Introduction

Market capitalism refers to a market in which things like distribution, investment, and production are influenced by demand and supply forces. As such, the prices of both services and goods can be established in an economy with a price system that is free. Alternatively, it can be defined as an economic system where the industry and the country’s trade are controlled by the private sector without any sort of interference from the state. On the other hand, market socialism is one where methods of production and other economic activities are socially owned or publicly owned such as cooperatives. The essay ...

Every nation has independence to choose, which exchange rate system it will follow. The choice for selecting a suitable exchange rate ranges from a flexible exchange rate or fixed exchange rate system. Under floating exchange rate system, the value of the currency is decided by market forces, while, under fixed exchange rate systems, the currency of the country is pegged against some standard of value. The choice of exchange rate is a tough task and depends significantly on the freedom of capital to flow in and out of the country. However, one negative effect of allowing the free capital flows is that ...

Question 3

FASB creates rules for reporting the accounting standards for private and public sector companies. SEC, on the other hand, creates rules to protect the interests of investors, facilitate capital formation and maintain efficient market. Let’s say both the companies do not exist. In such scenario, some of the companies may try to report their earnings in a way to show more profit than actually is. Even it will be difficult for investors to compare two companies by merely looking at their financial statements as each company may use their own financial and accounting standards and variations. Without accounting standards ...

Following the American Psychological Association’s Guidelines

((Cover Page))

Reg No

Designation Abstract The issue paper is about the discussion of health care as a commodity with responses from patient, suppliers, and principles of supply and demand and impact of health insurance on purchase decisions. The issue paper argues that health care must not be seen as other commodities and relevant discussion is made. This is followed by the critical evaluation of CDHP policy initiative in health care to promote transparency in the health care sector. The role of government in promoting transparency is discussed. This helps in making the health care sector sensitive to the market ...

Introduction

United States Nuclear sector is one of the publicly administrated areas that provides wide employment opportunities and employs various recruitment structure and philosophies that can be attributed to general trends in global business world. That said, it is interesting to observe that the sector works with direct employment, community colleges and international programs that brings this sector in line with international Strategic Human Resource Management (HRM) tendencies and trends. This clash, as one could argue, of public organization and bureaucracy with modern trends receives special attention when it comes to the analysis of US Nuclear sector as a place to ...

Introduction

In a free market structure, the price of commodities is determined by the market forces of demand and supply. Price determination, which is either a reduction or an increment, is determined by the availability of goods and services and the availability of demand in the market. When the commodities supplied are higher than the quantity demanded, prices are likely to be lower whereas when the demand is greater than supply, the prices of goods are likely to be higher. An equilibrium price was attained when the rate of quantity required is equal to the amount provided in the market. On the ...

The fundamental rule of economics is that it is a study of interaction of various market forces for utilization of the limited resources towards the satisfaction of unlimited demands of the society. The interaction and power of the forces of demand and supply determines the nature of the market. Microeconomics is the study which deals with the interaction of the individual demand and supply forces. The nature of such interaction and the relative influence of demand and supply forces would determine the kind of competition that exists in the market i.e., perfect competition or imperfect competition. The paper has been ...

Introduction

This paper entails a detailed discussion and summary of what I experienced and learnt through my participation in the Financial Markets course, which formed part of my graduate studies. Having recently joined the financial services sector as a junior analyst at a large investment bank, my participation in this course has enabled me to gain practical and knowledgeable financial insights that I have applied both at work, and in other real life situations. Prior to joining the financial services sector, I previously worked as a litigation attorney in a mid-sized law firm located within my metropolis. My participation in this course has, therefore, equipped ...

According to the researchers, a large number of factors have an effect on the quality of strategic decisions. Nevertheless, the procedure with which decision making is approached by the management team is very crucial. Strategic decisions refer to important actions being taken as a result of a certain decision. Since these decisions are important, the nature of decision-making can easily be determined. In making strategic decision making for Digby product known as Dune, several decision-making tools should put into consideration. For instance, the perfect decision for the future strategy of Dune can be made based on the cause and effect analysis. ...

Executive Summary

This paper will aim to gauge the costs and the benefits of the government intervention in a market. We will comprehensively analyze the situations in which it’s essential for the government to intervene and maximize the societal benefit. We will also discuss the limitations posed by the government intervention to the free market forces and its impact on economic welfare.

Introduction:

The extent of government intervention in private markets has always been a challenging question for economists. The two streams of economists, comprising of free market economy and planned economy pose different views on government intervention in private markets. Free market ...

The exchange rates in the market are bilateral, that is, comparing the values of a currency against the other. However there is a need to compare a currency with that of several counties .Effective Exchange Rate refers to the index describing the strength of a county’s currency in reference to the basket with other currencies. Let’s assume a country has M trading partners denoted by Trade i and Ei representing the trade and the exchange rates with country i. The effective exchange rate will be calculated as: E effective =E1Trade1Trade+. + EM TradeMTrade

The Effective exchange Rate is divided into two namely: The Nominal Effective Exchange Rate and The Real Effective Exchange Rate.

Nominal Effective Exchange Rate (NEER): This is the ...

“The Squeeze” is one of the chapters from the article “The Wal-Mart Effect” written by Charles Fishman. The ability of Walmart to resist the law of supply and demand not only affects the competitors and the consumers, but also the entire economy . The company focuses on pricing strategy to hold the suppliers’ business hostage to its personal agenda and distort markets in such a way that the customers don’t realize and suppliers can’t encounter. The biggest advantages of Walmart are its deflationary effect on the prices of the goods and its persistent promotion of goods all through the ...

Introduction

It’s been over two decades that the agenda of the deregulation was adopted across nations, yet till this day regulation of the telecommunications sector continues to pose challenges. Only a few countries has been able to work out viable models of regulation of this sector while many countries still have public owned telecommunication systems (Grote, 2006). What remains a challenge in bringing about effective competition is the cost and economies of scale of incumbent networks. Hence empirical evidence shows no clear trends of changes in incentives vis-à-vis changes in the regulations on the sector. The US telecommunication sector ...

- Position Statement Topic: Eliminating the minimum wage - Minimum wages should be abolished - Economic arguments against my position: - Setting minimum wages that are relatively higher that the unemployment support income would force the unemployed (especially those who are inexperienced and without skills) will be forced to not only gain both skills and experience, but also find employment. - This takes the burden of unemployment support off the taxpayers and boosts efficiency in the economy (Novak 1). - Minimum wages protect vulnerable laborers from exploitation by firms, especially since low-skilled and inexperienced ...

Abstract

The wellbeing and stature of any country is centered on the economic prosperity that the country enjoys. For this reason, the government of any particular country has to administer necessary policies to further that course. A free market setup is achieved by allowing a conducive environment that guarantees a consumer value for their money during the supplier access the best market for their goods. For instance, it is the mandate of any government to influence various physical components of the economy for economic development. This paper will address such a scenario with Egypt and India serving as the case study. A thorough ...

With the formation of human communities, methods of governing and regulation individuals in the society had to arise, and thus began Politics. Politics deal with organized governance and can be regarded as the methods achieving and exercising positions of power in the organized governance. Politics has been debated since antiquity by various scholars and philosophers. From Aristotle in his Politics to Plato in his Republic and even the numerous works of Confucius have all tried to postulate the best political system to organize people along. While there are numerous political systems the predominant political system in the world and ...

Classical model of the economy has weaknesses that Keynes took advantage of to come up with the Keynesian model. In the classical view of the economy, the belief is that the market will always tend towards providing full employment and that people were satisfied with what the real world is described to be (Caporaso, 1992). However, this belief could not hold any water when the Great Depression started in the economy. It was at this time when economists wanted a more rational way of formulating economic policies. The operations of the market in the view classical theorists failed to sustain ...

In order for the students of health care economics to understand the topic, it is imperative that the term economics is defined. Scholars have defined economics as the study of market forces which includes individuals making choices over the scarce resources (Timmreck, 1997). These market forces are the forces of demand and supply over which people have to weigh different alternatives or choices. - Scarcity is the concept of limited resources which is the backbone to the thinking of economists. Due to the limited resources in the economic concept, economists recommend an important principle of opportunity cost. This ...

‘Instructor’s name’

‘Subject’ The Battle of Ideas ‘Commanding Heights - The Battle of Ideas’, is a documentary, which sheds light on how in the twentieth century, the economic policies, and in effect, governance models of various countries, were influenced and shaped by the ideas of two prominent economic scholars - John Maynard Keynes and Friedrich von Hayek. Keynes believed that Government should play a more proactive role in the economic system, while Hayek believed that the market forces should determine the course of the economy, and the government should not interfere. The video meticulously explains to its viewers, how the ...

Management

In the microeconomic analysis of the business competition, application focuses the interaction of the customers and the sellers. The demand and supply have to provide the nature and description of the business in respect to their relationship. The National Cannabis Industry Association is a body that is focused in controlling and overseeing the marijuana business in the United States. The association has the mandate of oversight and ensuring the growth of the marijuana are controlled and done by the certified and competent individuals as it is used under the prescription. Measures are introduced to enhance the control over the business ...

Essay Questions

- NAFTA and the EU NAFTA (North America Free Trade Agreement) was established on January 1st, 1994 between the United States, Mexico and Canada. All quantitative restrictions and duties were eradicated as planned on January 1, 2008. NAFTA established the largest free trade area of the World that currently links 450 million people producing $ 17 trillion worth of products. On the other hand, EU (European Union) was established in the late 1940s after World War II in an attempt to consolidate the countries of Europe. It is an economic and political union between countries which make its own ...

Reflection on managing international market mix

The international laws affect people on an international scale and are established to provide a ground for decision making on such scales. However, when it comes to pricing in the tourism industry, there is no law that prohibits different charges for different countries and regions. Since different countries and regions use different currencies and of different values, the person charging is only bound by the laws of the destination country in coming up with the charges. The question arises on the ethics of doing so. In a business, one is out to offer services and make profits. Such would require one ...

Business Valuation

The forecasted sales growth rate is expected to be at 24% from the year 2015-2018 reflected by an increase in the sales from 98,375 to 230,704. Such an increase can be explained by the fact that, Oroton group signed a new contract with Brooks Broters, a move expected to sustain the sales even after the loss of Ralph Lauren.

Forecasted ATO

The forecasted ATO stands at 2.2179, consistent over the period of 5 years. Such consistency is explained by the fact that, Oroton has fashion leather goods as its main products which have been consistent over the five years.

Forecasted PM

The forecasted ...

Is Smith, Leon and Keynes Contributions Relevant in Today’s Market Concept?

Abstract This study involves studying, investigating, and analyzing various economic theories, how they relate to each other, and their relevance to modern market concept. The contributions of economic thinkers like Adam Smith, Leon Walras, David Ricardo, John Stuart Mill, Thomas Malthus, Jean-Baptiste Say, and John Maynard Keynes played a lot on what we have today. As the world of market and economics continues to be more complex, some of the ideas of these great economists have ceased to be operational. It all started with classical economics. The Era of “The Wealth of Nation” by Adam Smith in 1776 marks ...

There are different factors in the market that are responsible for the different market shifts that happen in the market. These factors are responsible for the shifts in the position of the equilibrium price in the market. The demand of the product relies heavily on several issues that are present in the market. The availability of alternate items that are referred to as substitute items determine the slope the demand curve will take. The demand of a certain product will be heavily relying on the capacity of the market, as well. In order for a company to increase the demand of ...