Essays on Purchasing Power

Inflation is the continuous increase in the general price levels of commodities in the economy over a period. It is identified with the market fall of the value of money in a particular economy. This recurring price increase erodes the purchasing power of money creating economic distortions and uncertainty (Sargent 2002). Inflation may also be described as a sudden increase in supply of money in a given economy. This results to each unit of currency buying fewer commodities thus a reduction in the purchasing power per unit of money. It can also be viewed as an increase in the supply of money at a rate ...

The business success is achieved by the proper development of the business strategy in such a manner that all the resources of the business are aligned for achievement of the objectives and goals of the business. There is a high level of influence of the technological, political, economic and social changes on the businesses because they are determining the success of the business in the future and allow the business to perform in an efficient and effective manner (Simon, M. 2012). There will be certain factors that need to be considered properly before starting to market the ...

Issues currently affecting the modern day sales executive within the retail sales industry

Purpose: Informative Theme: Challenges facing consumers within the retail sales industry

Introduction

Have you ever asked yourself why the consumer is considered “the king?” He supports the company’s operations by consuming the products. However, this financier usually goes through a multiplicity of challenges. Like the Chinese proverb states, “customers are jade; merchandise is grass.” However, I wish to state categorically challenges facing consumers might in future hinder the organization from achieving its future goals. Seat back and allow me take you through some of the challenges facing consumers within the retail sales industry. After the presentation, ...

Is mandatory minimum wage hike to $15/hr good or bad for managers?

After a lengthy period of lobbying for increment of the minimum wage, Seattle became one of the first cities in the US to pass the law and begin its implementation on April 1 2015. The push to have the law passed for other places is gaining momentum with San Francisco adjusting its minimum wage to $11/hour and has plans to raise it to $15 by mid 2018 (ShiftWa). Other cities such as Berkeley are on course to increase the minimum wage to $12.53 next year. The law if passed in other states targets to increase the minimum wage from $7.25/hour ( ...

Hoarding among Americans Born during the Great Depression: Understanding the Socio-Economic Conditions of a Forlorn Era in Relation to a Peculiar Habit

Introduction

The capitalist economic setup of the United States (US) is not purely a success story. While markets in the US appear robust and active in contemporary times, it does not mean that it has not experienced any form of fluctuations. In fact, various maladies have affected the US economy for one too many times. In fact, the most recent economic crisis that has hit the US – the global financial crisis of 2008, has left the nation reeling in the pains ...

Financial risk of an enterprise can be defined as the probability of adverse financial consequences in the form of loss of income and capital under uncertainty conditions for its financial activity. Financial risks have a great variety and for the implementation of effective management are classified by several main features that will be considered below. Financial risks arises in the process of enterprise relationships with financial institutions (banks, financial, investment, insurance companies, stock exchanges and others). Causes of the financial risk are inflation factors, the growth of bank interest rates, reduction of the value of securities and others.

Financial risks are roughly divided into two types:

1) ...

PESTEL Analysis of Coke

P: Political environment Political Analysis for Coca-Cola The government intervenes in all the stages of the product life cycle of any product in terms of protocols. Every government defines the set of penalties if the companies fail to meet the pre-set standards and laws. Coke must be concerned about the following developments: - With the requirement, the country can change its protocols, laws, orders and regulations. This might include changes in taxation and accounting procedures, financial disclosure requirements, environment protection laws and local content requirement in domestic or foreign jurisdictions. - Time may develop the new ...

Critical analysis on the demographic status of a target population is very important before unleashing a new product in the market. Demographic analysis indicates the measurements and dynamics of the target population. It can be used in planning business to analyze the population related to the geographic positioning of the business. Basically due to the load the demographic reports are usually subdivided into different categories depending on the specification of the report. An example is the AMA report that is generated from the US census decennial data. However, some of these categories can be subdivided to generate smaller comprehensible categories. ...

Increasing government spending will help the economy

Government spending entails all activities undertaken by the governments in the day to day lives. Government spending emphasizes on it procuring the components that the citizens need. The expenses incurred are usually short term. Government spending can either improve or destroy the economy. It depends on the prevailing conditions in the market and the economic state of the country (Driver, Stephanie 97). However, government spending can be kept in check by formulating fiscal laws that limit the expenses. Government expenditure is undertaken for several different reasons. They vary from provision of social amenities like health care services, schools, and ...

Introduction

There is a price war in the industries of the mobile phone and the supermarket, which is advantageous for the consumers and the respective industries. This price war is advantageous for the consumers and the industries from the demand, supply, and opportunity cost point of view. The cost of the mobile phone has declined; the continuation of this trend will make the mobile telephony affordable for huge population of the emerging markets. It also facilitates the consumers by providing more employment opportunities, increase the growth of the economy by increasing the GDP, allow the consumers not to become the victim ...

While measured in terms of current dollar purchasing power, Japan is the second largest economy in the world, as of the year 2012. However, a recent survey by the World Bank, as of May 2014, India surpasses Japan as the third largest economy, right after U.S and China. Thus, on a PPP (purchasing power parity) basis, India holds a 6.4 percent of the global GDP. Trailing behind is Japan, which holds a 4.8 percent of the global wealth. This is a stark contrast to the World Bank’s report in 2011, which held India in the 10th place .

The above figure shows the ranking ...

Question 1

The theory of Purchasing power parity holds up well over the long run. The reason for this is because the prices of commodities are brought on throughout a long period of time. Therefore, when a certain currency inflate so do the prices, however, this may be affected by many different reasons. When the exchange rate is the same between a few select currencies then it can easily be allowed to buy a lot of commodities and bring it to another market whose currency is pegged to another major currency. However, the theory of Purchasing Power Parity tends to not hold up well over ...

The Mexican peso in this case appreciates in relative to the US dollar, is of great benefit to the Mexican production industries. This is because the cost of exports will raise thus increase in profits for the Mexican industries. Mexican products too will be competitive in the international market as the production cost does not exceed the sale value of the product. US investment in Mexico will increase due to certainty of the value the peso and the higher inflation rate of Mexico than that of US. Foreign exchange risk is minimized as investors are able to eliminate all ...

Purchasing power parity (PPP) theory is a macroeconomic application, which postulates that an identical commodity traded across many nations should have the same prices relative to the prevailing exchange rates. The Big Mac index shows a big difference in selling prices of the product across several countries, which challenges the authenticity of this theory. The case study survey cannot provide exhaustive reason to render the theory in question impractical. Many countries manipulate their currencies relative to the dollar, which shows a disguised difference in exchange rate and value (McEachern, 2012).

For instance, many countries strive to protect their domestic products from imports; ...

The major players in the U.S. automotive industry have had to revisit their policies, strategies and manufacturing practices amid challenges resulting from today’s business environment. Traditionally Klier and Rubenstein (2009) noted that the industry players like Ford and General Motors once produced many of the intermediate parts in-house. Today, the situation is strikingly different as the auto-manufacturers import most of the materials needed from foreign counterparts. This paper explores the causes and effects of the latter state-of-affairs. The U.S. automotive manufacturing industry has resorted to importing most of its materials from foreign manufacturers mainly due to the competition ...

Section 1: Explain and discuss the various oil and gas price drivers and make a clear recommendation of the trend you believe prices will follow and why.

Economic cycles of boom and recession have a major impact on oil and gas prices. Demand for oil is significantly affected by the two economic cycles. The Department of Energy and Climate Change (2012) observed that studies have shown that there is a very close link between global GDP growth and oil demand. This link has been identified in various business cycles that have been identified as having a significant impact on economic growth. Business cycles ...

Identify economic factors that affect the real GDP, the unemployment rate, the inflation rate, and a key interest rate. How do you predict the economy will perform in the next two years given the current state of two of the economic factors you identified? How might your organization be affected by these changes?

World’s economy today has become very volatile with the passage of time. It therefore is a function of a number of monetary and non monetary factors, which have a direct or indirect impact. Factors affecting the real GDP, inflation rate, unemployment rate and the key interest rate include demand and supply, human capital, confidence of the consumer, foreign exchange rate etc. All these factors are interrelated to one other and collectively affect the economy. For instance in a prosperous economy, unemployment rate is very low which increases the demand for goods due to higher purchasing power and boosted confidence of the consumer. ...

According to Yergin and Stanislaw (80), SOE (State Owned Enterprises) signified the epitome of advanced economics. Therefore, for developing nations, such organizations (SOE) would be the only avenue for attaining development because private entities cannot raise vast amounts of capital at an instance. SOE’s were also seen to advocate for the good of a nation rather than an individual’s interest (Yergin and Stanislaw 81). Furthermore, the SOE’s would have qualified personnel employed by merit and not from patronage or lineage. In summary, the SOE’s were seen as organizations that would birth a nation’s identity and also ...

Question 1

Maintaining a fixed exchange rate is critical in stabilizing the value of a currency against an anchor currency as it makes trade and investment easier and more predictable. Nonetheless, central banks face a number of problems in their attempts to maintain fixed exchange rate, two of which include balance of payment problems when attempting to maintain a weak currency and reduced risk perception while borrowing in foreign currency when attempting to maintain a strong currency. When maintaining a strong currency, a false perception arises that the foreign exchange rate may not change thereby leading to reduced risks perceptions when borrowing in foreign currency such as the case of ...

Q. 1. Why have private pension plans grown so rapidly since the 1940s?

Although the formal introduction of private pension was made a hundred years ago, it is only in 1940 that the private pension industry has emerged as a major social and economic driving factor in the economy. The early pension plans were initiated by large companies between 1900s to 1940 and some of them were implemented through the help of labor unions. However, most of the companies are not in favor of idea, thus making private pension discretionary and, therefore, unfunded and noncontributory. The growth of the industry have doubled covering four million people paying 100% of the premium. The government realized ...

The Role of Marketing

Marketing is a managerial process where a customer’s requirements are identified, anticipated, and met in a manner which is profitable (Ferrell and Pride, 2010). Marketing functions to recognize the needs of the customers and setting in place systems in which their needs are met. Marketing is a function which must occur in synergy with other business functions to be successful (Ferrell and Pride, 2010). It is very important for businesses today to dedicate resources to marketing because the success of the business is pegged on the realization of its organizational objectives. Understanding consumer behavior can allow the company to be able to ...

December 12, 2010

Inflation in Macroeconomics

The most effective indicator of country’s economic health is its financial state. Financial system not only provides interconnections in economics, but also conducts macroeconomic regulation, and serves as a tool for governments to regulate economic development. For this reason, the activity of executive power in every country is directed towards stability of financial and credit system and overall financial state. In order to ensure the stability, inflation processes must be controlled. It is necessary because inflation results in harmful socio-economic outcomes: inflation leads to deformation of macroeconomic regulation instruments. Inflation is a process of price level ...

Introduction

Globalization has opened up borders and rendered it possible for globally competitive companies such as Khmer Foods Group (KFG) to leverage the best that this new reality presents. However, mounting global operations necessitates managing difficult geopolitical, regulatory and cultural challenges, which, fortunately for KFG, should not be a challenge, given the company’s long experience and high standards. This report gives a detailed account of Brazil’s business environment, and assessment of its suitability for KFG’s purposes. The report includes an analysis of the economic, political, legal, cultural and ethical factors relevant to KFG’s possible operations in the country, ...

Growth in World passenger market

Growth of passengers is rapidly growing in the emerging markets compared to the growth in the developed economies. The speed of growth in the recent quarter has decreased from the developed economies and their government stimulus reducing to Boeing Company. There have being consecutive years of weak growth due to poor business and marketing, and the company is determined to rectify it by considering perfecting structural reforms

Annual growth has slowed to around 1% since 2008

Boeing Company has expanded into new markets and added new destinations are hence improving the network growth among passengers globally. Freight-trends and developments There have being developments of new ...

Poverty if described as the lack of something can have many dimensions and factors such as economic, political, geographic and cultural. Poverty as a concept is relative and an understanding of poverty changes form one region to another. However, the economic definition of poverty is what has been generally accepted by everyone as it is something that can be measured and dealt with. Academic interest in poverty has also been polarized with development scholars and post-development taking opposing stands on how poverty has come to be defined. Poverty thus has been defined generally as the lack of something whether material ...

Abstract

Hitler came to power in the post-war Germany bent under the load of contributions. By means of propaganda and well-defined plan to restructure the economy and direct all resources towards military state economy, Hitler was able to quickly and efficiently restore the living conditions to the level that preceded the Great Depression decline. The following work discusses in detail the reforms and changes that took place under the Nazis and argues that the “economic wonder”, as some commentators call the rapid improvement, was only a byproduct of the aggression plans fueled by Hitler’s theory of national supremacy and made ...

“If You Want to Know Why Firms Have Sticky Prices, Ask Them”: Reaction

The article tried to explain how firms change prices by studying the frequency of a firm’s change in price and the theories used behind the stickiness of price. As Blinder puts it, the article presents how economic theories meet the real world. By looking at the table 10-2, there are 4 theories that are accepted by more than half of the firms. Also, more than half of the firms change prices twice or lesser. This might imply that in the real world, the main factors of stickiness are; coordination failure, lags on adjustment to price due to cost, delivery ...

{Course Name]

Introduction The paper will present theories, and it will discuss the difference between those theories. Some of the differences and similarities will be presented. There will be three theories in this paper Marxism theory, Rosa Luxemburg Theory, and Lenin Theory. Within this paper, Lenin Theory will be used for differentiation of other theories. In addition, the practical approach of other Linen theory will be described, and criticism in other theories about Linen Theory will also be presented.

Marxism Theory

Talking about the Marxism Theory it should be noted that Karl Marx presents it. It can be said that ...

International marketing plan

Executive Summary This paper seeks to explore the marketing strategy of the creative company in Brazil. Being the first time in gaining entry into the economy, the company will have to undertake market research of the region in order to establish the customer’s wants and needs. This will give the company a clear understanding of the market destination. This paper also provides the STEEP and SWOT analysis of the market in order to determine the market composition of this region. Implementation and control of the outlined strategies needs to be followed and adopted to the later.

Background Information

Creative ...

Integrated Marketing Communication: Easy Jet

Executive Summary UK airline industry is one of the most advanced in the global market with a number of the globally leading operators. The industry is highly competitive and marked by local and international airlines which accounts for the creation of more than 220,000 jobs. (BATA, 2014) However, the market is subject to several factors including technological advance, economic factors variation, social preferences and lifestyles changes, political factors, environmental regulations as well as legal requirements. Those factors set industry trends and determine the industry dynamics including increasing competition, operation’s efficiency and wider market reach as well as ...

Definition of statistics

Statistics can be defined as the science involved in the study of data. It entails collection (acquisition), organization and analysis of data which allows for drawing of conclusions. It also allows for measuring, controlling and communication of uncertainty (Witte & Witte, 2010).

Types and level of statistics

There are two types of statistics, namely: descriptive and inferential statistics. Descriptive statistics quantitatively describes features of a set of data represented numerically. It involves summary of the population data numerically or pictorially/graphically thereby deriving measures of central tendency, measures of dispersion, relationship and correlation and measures of Skewness and kurtosis (Witte & Witte, 2010). Inferential statistics entails studying a statistical ...

Statement of the problem

The minimum wage is a controversy subject when it comes in receiving wages, as most workers will come to an agreement that, one can never be paid enough. Nevertheless, employers may cause problems with that declaration, believing that they pay greater than the amount entitled to the employees, hence creating a conflict between minimum wages.Arguments supporting raising the minimum wage In my opinion, I consider that it would be a good impression to increase the minimum wage. The motives behind this is because the cost of living has gone up to the level where individuals are not making adequate money to pay ...

Gross Domestic Product:

Gross Domestic Product, usually abbreviated as ‘GDP’ is the total amount of goods and services produced in an economy during a given period of time. GDP is also one of the popular economic data source, used for the purpose of future forecasting of economic trends in a nation. Apart from future forecasting, GDP is also used to compare growth between two or more nations. For Instance, if during 2013, GDP of Canada is 5.6% and of United States is 6%, this indicates that the US economy has higher growth.

Real Gross Domestic Product:

Real GDP is a macro-economic measurement indicator, which accounts for total value of ...

Introduction

Over the years, Coca Cola has formulated a business model that has enabled it to remain amongst the most successful corporations within the beverage industry. The organization has been the global leader in the industry based on its competitive strategies that enhance the achievement of a competitive advantage. The focus of this paper is to analyze the new vending machine so as to ascertain its suitability. It will also provide recommendations of some of the possible solutions to the various problems associated with the new vending machine.

Problem Statement

The Coca Cola Company is perceived to be a corporation whose success is largely attributed ...

Executive Summary

This report shows the purported business plan of Nerd Patrol, a partnership business formed by three friends- John, Mary and Nabil. The business will be on hardware and software services, debugging, networking and franchise sales. The strategy to be adopted by the company would be using innovativeness in creating top quality for clients. Financial discipline would be adhered to. The long term goal of the business is to grow and start manufacturing innovative hardware components and software programming. Each role of active and passive managers is spelt out in this report. Employees would constitute of four units – computer engineers, marketing ...

Economic factor denotes the foundation or basis of a buying decision . In most cases, customers cannot purchase what is beyond their purchasing power regardless their need for the service or good. Nevertheless, affordability is always an issue of perspective, which elucidates why most customers employ “creative” budgeting to acquire commodities they need. Therefore, good economic condition implies the ability of consumers to purchase what they require without constraints of money. Global economic condition is a factor that affects the business process of Apple Inc since the firm or corporation is internationally recognized . Recession, currency, and inflation are the main economic ...

Background

Johnson’s & Johnson’s is a USA based company began in 1886 and is operating now in more than 60 countries, and is well known name in health and baby care products throughout the world. They believe in innovations, advance and well - being of people . It is world’s sixth largest consumer health company, it most diverse medical devices and diagnostic company. It has marked its presence in pharmaceuticals and biologics. The prime focus of the report is in the consumer segment of J&J, as the company is planning to expand in men’s segment, by launching hygiene ...

The significance of value analysis is demonstrated by the wide use of the SWOT analysis by every business nowadays. This test can be viewed as a feasibility test that predicts to what extent a business is going to be in a pre-determined duration. As a matter of fact, before any business embarks on strategies and sales methodologies, different kinds of tests that display the potential of the business are performed. This system is widely used to determine the position of businesses in a particular marketable ecosystem. For instance, a corporation that objectifies the profitability of its business entities will have to calculate its current profit ...

Critical thinking

Q1 When a company decides to go international, some major decisions have to be made. A major decision is whether the company has solid and well established operations in its home market. The home market must serve as a foundation for its international expansion. The company for this international expansion is Walgreens. With its plans to enter the European market, the company must ensure that its distribution network in its US market is effective and strong enough to sustain its costs of setting up its international operations. The other point that should be looked at is the human resource capabilities of ...

Company Overview

Marks & Spencer is one of the leading retailers in the United Kingdom, well known for offering financial services, clothing and foodstuffs of superior quality. The company was formed in 1884, following the partnership of Michael Marks and Tom Spencer. Since its formation, the company has evolved, and continues to evolve, to be one of the largest retailers globally. Currently, the company operates more than 600 stores within the United Kingdom and over 200 others in more than 40 countries globally (Chislett, 2009). The rapid growth of the company is accredited to its visionary leadership, which has seen the company ...

Executive Summary

Marketing planning provides a guide for a business’ marketing operations outlining the action plan with strategies that are based on well analyzed market and business products. In that respect, this plan presents a marketing plan for Himalaya Shampoo that operates in India providing hair care shampoo products. The Business has been identified to have suitable resources, structure and management to enhance competitiveness in addition to having opportunities that draw from positive external environment. In that respect, the business target market is selected to include low income group and a high income group that is to be served with two hair shampoo products. The ...

Introduction

Economic growth an increase in the country’s national income measured over a period. Gross National product and Gross Domestic product are the key measuring indicators that define a country’s growth status based on utilization of resources by the population for productivity. Increase in technological infrastructure facilitates quality production, minimizes waste and costs. According to economic theorists, a country is presumed to attain economic growth when their resources are fully employed in sustaining the social and economic welfare of every citizen (Jones 2002). As result, the role of every rational government is to maintain its citizens through allocation of scarce resources ...

2. Table of contents

Introduction pg 3

PESTLE Report pg 3 Environmental Audit pg 4 Internationalization pg 5 Conclusions pg 6 Recommendations pg 7

References pg 8

3. Introduction There are a number of techniques involving internationalization processes that affect global trends in apparel and textiles. As evaluated in this environmental audit, significant management strategies and independent recommendations have played a part in the current market regions. Further, these changes imply future expansion in international markets that can be partial to present trends and circumstantial evidence. Evaluations based on these criteria as well as recommendations will be presented in this organized review ...

Introduction

Unemployment refers to the inability to get an opportunity of active employment when they are searching for one. Unemployment is one of the measures of the economic health of a particular country because it determines the level of productivity that a particular country has. Frequently, the most usable measure of unemployment is the rate of unemployment. The rate of unemployment can help to determine the amount of idle labor in the economy. When computing the unemployment rate, economists often divide the number of persons who do not have active employment against the number of people in the workforce. Based on the ...

The United States district court for the District of Columbia is a case that was brought against Anheuser-Busch InBev SA/NV (ABI) to oppose the acquisition of Modelo group by ABI. It was brought up since the government felt that the proposed merger was violating the law through illegal ownership or acquisition of another firm. In addition, the government felt that the acquisition was threatening fair competition in a free market, and the consumers would suffer most as a result of the merger.

Facts to the Case

- The case involved two beer companies in the United States, which were ABI and Modelo Company. The two were ...

Abstract

Introduction The thing through which a country gets appreciation is its core expertise and appreciation in the economic function, because the economic functions usually have the tradeoff of two important things known as earning and consumption. In fact the father of economics, Alfred Marshal and Adam Smith found the same tradeoff in the market for their economic consequences particularly. This is an important aspect that delivers the best services in town for the country in all over the world (Gaisford & Kerr, 2001). The concept of economics is an important one for the countries and economies from all over ...

International Marketing

Executive Summary This report has been based on OSIM International. The main purpose behind this is to cover all strategic aspects of the company in detail regarding its business operations. In-depth research has been conducted regarding the increasing trends of a healthy lifestyle. A situational analysis has been done to discuss the SWOT and PEST analysis. According to these, it can be concluded that OSIM belongs to such a market where growth is slow for them but still they’re holding a strong competitive position (Cateora, 2007). It is recommended that for Osim’s future growth and development the internal condition ...

In this paperwork, I am going to respond to the following question- whether price floors are economically efficient. It is depicted that when a price floor is set, then a certain minimum price of a good or a service has to be paid. Setting up the price floor above the market price will result to no direct consequence, but setting it, the price floor, above the market price will entice the producers to produce more, thereby, resulting to the generation of excess supply. It is important to note that price floors are examples of strategies implemented by the government so as to ...

Legal and Ethical Issue

Retirement income in the United States (US) fundamentally comes from Social Security. More than a third of the elderly beneficiaries of Social Security rely almost entirely on it for their income (more than 90%), making up the total of two-thirds of them whose reliance on it accounts for more than half their income (Brossoie, 2010; NASI, 2014; Poterba, 2014). Having kept around 22 million Americans out of poverty, Social Security remains an integral program favorably viewed by many (Poterba, 2014). In fact, findings from a study gauging public opinion from different generations conducted by the National Academy of Social Insurance (NASI) ...

Income and consumption ways of measuring poverty

In spite of over a century research on poverty, the subject remains a big challenge. Indeed, the 21st-century has been recognized as the century for confronting the subject. Poverty is increasingly recognized as a multifaceted subject in both the complexity and character. This form of poverty elucidates quantitative measures in order to analyze (Hayati et al, 2008 p. 372). The income and consumption approach of measuring poverty mainly uses the structured family, society, and national samples in order to collect and analyze (Headey, 2008 p. 25) The poverty line marks an important element in the income and consumption approach as it ...

Interpreting Market Trends for BMW Dealership in Sydney, Australia

Specializing in the sale of automobiles in Sydney’s BMW dealer has been a top premium brand choice. However, with an ever-changing environment and new trend factors, the General Manager, Helga Schmit would seek to re-think the dealership’s marketing strategies in order to assist it produce batter sales results. Thus, there will be a need for collecting data on various market factors that are specific to the Sidney’s BMW market. In that view, the collection of data will be focused on the capital city of Sydney, Australia. The data factors are summarized as follows: - Disposable income: Employment ...

Abstract

China’s surge from poverty because of the superbly favorable market improvements has shrouded important deficiencies in its economy; particularly compared to the United States economy. The deficiencies have been infuriated by revived Chinese government interference that started around a few years ago. So many people appear persuaded that China is at the edge of exceeding the United States economically. However, Americans can take comparative advantages that they have over the Chinese such as in areas of labor, in income and areas of natural resources.

Introduction

There is progressively argument of China exceeding United States in the size of raw economy ...

Forewords

South Korea is an East Asian nation located in the southern part of the Korea Peninsula. Prior to 1948, the South and North Korea were one nation under different occupying forces. The forces of the United States occupied the south while the Union of Soviet Socialist Republics (USSR) occupied the north. However, in 1948 after the World War II, the nation of South Korea was established, and the two parts were partitioned. This partition caused unbalanced economic units. This was because North Korea controlled majority of the natural resources and heavy industries which were created during the time in ...

Roebuck Company came into existence in the year 1886 where it was founded by two men namely Richard Warren Sears and Alvah Curtis Roebuck. It was a worldwide store that specialized with chains. The stored consisted of universal commodities, clothes, locomotive chunks and facilities. Being an all rounded store, it attracted many customers leading to their increased profits. They were able to tap the revenues from all the available avenues. Having the products in the same store would help reduce the transportation costs of the consumers, therefore an added advantage to them as the transport money saved would be used ...

Economic Naturalist Writing Assignment

A serious issue of current US economy is stagnant wages despite consistent increase in new jobs created by US employers and subsequently a decline in unemployment across USA. The paper will explain the impact of stagnant wages on life of a common man in USA with the use of relevant examples. Stagnant wages means either paltry or no increment in salaries and wages of an employee because employers are not inclined to increase their costs by increasing their salary budgets. From a common person’s perspective, the scenario adversely impacts one’s household budget and living standard because the market prices ...

APPLICATION OF ECONOMIC CONCEPTS

Economic concepts in all economic systems are interrelated such that a change in a particular variable in a concept affects other variables in other concepts. For example in market determination of prices, the level of supply and demand of commodities in the market plays a large role. The equilibrium prices are determined by the availability of the commodity in the market and the extent to which buyers are willing and able to buy the commodity. Consumers’ ability to purchase the commodities may be affected by various issues like high prices as a result of inflation or unemployment during recession times. At any price less ...

U.S. Fiscal and Monetary Policy

Fiscal policy

Fiscal policy denotes the use of government spending and taxation in order to steer the economy to the desired direction at a point in time. There are two types of fiscal policies, and they include the contractionary and the expansionary fiscal policies. In contractionary fiscal policies, the government enacts policies aimed at reducing the production in the economy. These could entail an increase in tax and lowering the government expenditure in the economy. On the other hand, the expansionary fiscal policies entail the policies adopted by the government with a view of increasing the overall output ...

Executive Summary

Globalization and technology have transformed the business environment. Organizations are competing with each other on a global platform to attract customers. There is a need to create strategies that allow organizations to continuously adapt themselves towards the changing business environment for a sustainable growth and development. The current report presents a strategic analysis of company Ebay that has established itself as the world’s leading online marketplace for buyers and sellers across the world. The report analyzes the internal and external business environment of Ebay and also provides recommendations for future business strategies for Ebay. The external environment analysis includes PEST analysis ...

Introduction

The concept of marketing is extremely broad; in fact it has such dominating options in it that deem extremely significant as far as managing a company accordingly. Marketing specifically means to market the products in a market using different aspects and knowledge management system (KMS). An organization which has a powerful and effective marketing function and workability effectiveness and position would be more worthwhile and effective as compared to the companies which are unable to apply the relevant technique of the marketing management in particular. In the field of marketing, enhancement in the brand is the core specific value for the sake ...

Introduction

Business operations are increasingly facing dynamic markets that determine their success and efficiency. That has resulted from the increasing globalization and other key factors such as regulations, economic conditions, and political environment as well as social factors. All those factors affect consumer behaviors, their purchasing power as well as the firms’ efficiency. In that respect, businesses such as supermarkets and retail stores increasingly face changing environment such as competition that is also shaped by those factors. Thus, businesses adapt competitive strategies that suit the environment, and this analysis seeks to demonstrate industry operations’ and their response to factor changes. ...