Despite everybody having some characteristics or costumes in common‚ the economic status will segregate you from the population. The upper class and middle- class descendants from Spaniards live in the cities. Their racial background plays an important role in their lifestyle. The poor class is the ones who lives in the outskirts of the city and rural areas. The lack of housing projects represents a big problem for the Colombians with low incomes. Also‚ water‚ electricity and the basic services
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ECONOMICS AND BUSINESS ENVIRONMENT 1.1) Economic activity and economics (Pp. 14-16) Prosperity: The ready availability of goods and services to fulfil needs. Resources: Land‚ labour and capital. Scarcity: The excess of human needs over what can be produced. Economic activity: occurs when people (consumers‚ managers) make choices to maximise their prosperity using scarce resources. The Science of Economics: is concerned with the study of economic activity. This field is complex
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Economics of Strategy What are the distinctions among fixed costs‚ sunk costs‚ variable costs and marginal costs? Fixed costs‚ such as SG&A expenses‚ property taxes‚ remain constant as output increases; FC are invariant to output. Variable costs‚ such as labor and sales commissions‚ increases as output increases; VC are variant to output Sunk costs are costs that cannot be avoided; avoidable costs are its opposites; some sunk costs need not be fixed. Marginal costs is the incremental cost
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Watsons water (A) Product attribute‚ Customer needs and Buying Process Buying process can be differentiated into 4 stages: –Need identification -water is important for human body since about 70% of human body is made by water. - eg. Someone needs to drink water after doing exercise in order to recover his/her body. –and evaluation -Customers usually compare one water product with another brand’s water product before make a final decision. -they typically think about the price‚ quality‚ and taste
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Business‚ HR and Staffing Strategy shaping the Recruitment and Selection Process Organizations are combinations of financial physical and human resources. Human resources refer to the skill‚ knowledge‚ and ability of individuals‚ and their inspiration to apply them on the job (Fitz-enz‚ 2000). The workforce of an organization is the human resource team acquired‚ deployed‚ and retained in the pursuit of organizational results such as market share profitability and customer satisfaction (Bowen
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Economic value of water A Multi-Criteria Analysis approach Introduction Water is an essential resource that has a multiplicity of use in domestic‚ Industrial‚ agricultural‚ hydropower generation‚ mining‚ environmental etc activities but the present unsustainable use and mismanagement in the Kafue Basin of Zambia has put pressure on the resource and conflicts among stakeholders have emerged due to the diminishing quality and quantity of the water from the main source- the Kafue River. The
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Shaping strategy focuses on dictating the trend of the market. A shaping strategy is no less than an effort to broadly redefine the terms of competition for a market sector through positive‚ galvanizing messages that promise benefits to all who adopt the new terms. Shaping strategy consist in engaging steps that are built on deep structure. This process is often helped by enabling and powerful infrastructure that enhances brand ’s performance and reduces risk exposure. Changing the risk / reward
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1. Statement of level of analysis In this case study‚ we will stand for Nestle Waters and compose an analysis about bottled water industry in United States at strategic business unit level (SBU) 2. Analysis a) Market: During 1996 to 2001‚ the United States had became the world’s largest market for bottled water‚ the annual consumption had increased with 9.2% compound average growth rate‚ from 3‚495.1 (1996) to 5‚425.3 (2001) million of gallons. Mainly bottled water can be divided into
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case of Coca-Cola it might be that most of the village of Palchimada is working at that plant‚ hence this would affect the whole social environment in the village. On the other hand the villagers are also affected negatively as they are losing their water resources if Coca-Cola keeps operating. The second party at stake would be the suppliers of the company from boxes to ingredients and branding materials. Moreover‚ The shareholders of the company are affected as they would lose money‚ market share
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Bottled Water and the Environment Bottled water has become an important aspect of human lives. For some of us‚ it’s important to the point where we can say “I can’t live without bottled water!”. This is mainly because of its convenience and the idea of bottled water being more “healthy” than tap water. Bottled water may be easily accessible and maybe even tastier than tap water‚ but is it better for ourselves and the environment in the long run? The consumption of bottled water has increased tremendously
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