Unit-1 Q1. Define micro and macro economics‚ Distinguish between them‚ and explain the scope‚ importance and its limitations Ans. modern economy analysis has been divided into two major branches that is micro and macro economics. Micro economics means the economics system which deals individual economics unit on the other hand macro economics means the economics unit which deals aggregate as a whole that is national income‚ general employment‚ and total out –put‚ general price level etc. These two
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Executive Summary Allegiant Travel Company‚ parent company of Allegiant Air‚ is a low-cost airline carrierthat caters exclusively to the leisure traveler. There are currently 980 employees that manage the whole company (allegiantair.com). They are known for their innovative and sustainable business models based on keeping fares low and providing additional services for customers. Throughout the years‚ Allegiant has been operating by providing one-way tickets to and from its “focus centers” which
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pleasure. Everyone wants to travel to most beautiful tourist’s destinations‚ natural places and man-made creations. We‚ human beings‚ explore‚ discover and observe unwanted sceneries for educational‚ business and leisure purposes. Within limited visit time‚ we gather new things that we got from our journey. We travel through air‚ sea and land transportation‚ with or without money to spend for travelling. Even if you are young or old‚ man or woman‚ everyone can travel. Travel gives us wisdom‚ the wisdom
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do something differently or why their perception of a given situation may be different than my own. I like the idea that I perceive things in my own unique way based on my specific experiences and situation in life. To look at something with a macro-level perspective is to study society by looking at a large-scale social structure in order to determine how it affects the lives of groups and individuals. The opposite of which is micro-level perspective. This perspective concentrates on the interactions
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report clearly an analysis of all the relevant variables in the business environment and an evaluation of the various strategies for entering foreign markets. ENVIRONMENTAL ANALYSIS In order for Check Point Security Limited to carry out a successful Environmental assessment it will have to examine the various aspects and trends in their global Strategy by analysing the following variables: 1. Micro Environment: Internal environment 2. The competitive Environment: remote‚ industry and operating
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the strategy. Strategic planning became prominent in corporations during the 1960s and remains an important aspect ofstrategic management. It is executed by strategic planners or strategists‚ who involve many parties and research sources in their analysis of the organization and its relationship to the environment in which it competes.[1] Strategy has many definitions‚ but generally involves setting goals‚ determining actions to achieve the goals‚ and mobilizing resources to execute the actions.
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Industry Analysis of Food Service Industry The foodservice (or food service) industry (US English; catering industry in British English) encompasses those places‚ institutions‚ and companies responsible for any meal prepared outside the home. This industry includes restaurants‚ school and hospital cafeterias‚ catering operations‚ and many other formats. Although the restaurant industry is very competitive‚ the lifestyle changes created by modern living continue to fuel its steady growth. More and
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Concepts in Macroeconomic Analysis Stock and Flow Variables Stock: quantity of a variable at a point in time. Eg: Capital stock‚ money supply‚ unemployment level‚ foreign exchange reserve‚ etc. Flow: quantity expressed for a period of time. Eg: GDP‚ inflation‚ exports‚ consumption‚ etc. Aggregate Demand and Aggregate Supply Aggregate Demand: sum of demands for all consumer goods and services and for capital goods – Sum of consumption‚ investment‚ government expenditure and
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Constitution? The very Constitution which our founding fathers had written 200 years ago to protect our freedom. What if‚ instead of apologizing‚ the President justified this gross violation with the intent of protecting our nation by a super-secret spy agency? That frightening scenario came into fruition in 2002‚ when in light of the 9/11 attacks‚ President Bush signed a secret order authorizing the NSA to eavesdrop on citizens without their knowledge. On the 5th of June 2013‚ the world was forever changed
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The Macro-environment The macro-environment includes concepts such as demography‚ economy‚ natural forces‚ technology‚ politics‚ and culture. Demography refers to studying human populations in terms of size‚ density‚ location‚ age‚ gender‚ race‚ and occupation. This helps to divide the population into market segments which can be beneficial to a marketer in deciding how to tailor their marketing plan to attract that demographic. The economic environment refers to the purchasing power of
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