Chapter 7 FORECASTING QUESTIONS & ANSWERS Q7.1 Accurate company sales and profit forecasting requires careful consideration of firm-specific and broader influences. Discuss some of the microeconomic and macroeconomic factors a firm must consider in its own sales and profit forecasting. Q7.1 ANSWER The better a company can assess future demand‚ the better it can plan its resources. Every corporation is exposed to three types of factors influencing demand: company‚ competitive and
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process by which a company makes it methods‚ especially its production processes‚ uniform throughout its organization. Standardization helps cut costs by eliminating duplicated effort and allows a company to take advantage of economies of scale when purchasing supplies. However‚ some advantages may be lost when a company decided to standardize its operations. Disadvantages Loss of Uniqueness If a company builds up a customer base that values its unique niche products‚ or if the company serves a specialized
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Somerville; Africa: Globalization or Marginalisation; BBC December 4‚ 2002 4.The New Wave of Globalization and its Economic Effects (Reader pp 18-27) In World Bank Policy Research Report. Globalization‚ Growth and Poverty: Building and Inclusive World Economy. A co-publication for the World Bank and Oxford University Press; 2002 5. http://www.wto.org/english/thewto_e/whatis_e/whatis_e.htm 6. http://www.un.org/ga/president/57/pages/speeches/statement030306-Globalization.htm 7. http://www.foreignpolicy.com/wwwboard/g-index
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HISTORY OF GATT & THE WTO SYSTEM A BRIEF HISTORY OF THE GATT Beggar-thy-neighbour tariff policies of 1930s => WWII Bretton Woods Conference at the end of the WWII‚ finance ministers from the Allied nations gathered to discuss creation of a new monetary system that would support postwar reconstruction‚ economic stability‚ and peace. => IBRD & IMF => need for a third institution‚ ITO. 1940s: Representatives met to design a postwar trading system that would parallel the international
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Jose Morton February 28‚ 2011 Gender and Economy The role of women in foraging and horticultural based societies: The women are the primary food gathers which will allocate for 80% and the men will gather the other 20% of the meat diet. In certain arctic regions‚ there is little food to gather during the arctic winter‚ so men gather all the food and other items the people may need. The gathering of fruits‚ nuts‚ and other vegetation is extremely important. Birth spacing is also an important
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roles for any organizational structure. Chain of Command The role of the organizational structure is to set up a chain of command or reporting structure among workers. Chain of command refers to the hierarchy or rank of various employees. For example‚ vice presidents usually report to the president‚ directors report to vice presidents‚ and managers’ report to directors. Managers often have coordinators or analysts working under them. Chain of command allows companies to assign a supervisor for one
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and various deeds he used to gain popularitry. Hitler and his National Socialist workers Party had a plan of gaining more members‚ since their party was quite unorganized and small. This was able to happen in 1923 when there was a sudden crash in economy. There wasn’t an ordinary type of inflation in Germany‚ but what was dubbed "hyper inflation". From the sounds of it‚ it was a very bad situation for Germans‚ especially the poor ones. This hyper inflation occurred the moment French troops invaded
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The role of the economy in 1863 – 1968 was the most significant factor‚ but not the only factor‚ in both advancing and reducing civil rights. The economy drove other factors such as was‚ politics and individuals. The underlying tactic of the dominant White American polity throughout the period 1863-1968 was to deny the possibility of African Americans the chance to achieve any degree of prosperity. During the civil war‚ the Republican Party’s philosophy towards African Americans was linked to the
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5/21/14 601 Chemistry Pd.6 Water is one of the most important and beautiful resources that were given to us by mother nature. We see water as not only a source for survival‚ but for entertainment and many more advantages as well. In summer there is nothing better than a glass of clean and refreshing water‚ and not to mention the fun that we have when running around the sprinklers and feeling the coolness of the water. However‚ do you ever imagine this all not being
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Principles of Economics Components of Economy First Semester Introduction Human activities which generate income are known as economic activities. All the economic activities are classified into three categories viz. primary‚ secondary and tertiary. Activities that are directly associated with environment are known as primary activities as they refer to utilization of natural resources like land‚ water‚ vegetation‚ minerals etc. When primary goods are used to produce some other articles or
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