Application of Microeconomics concepts 1. Apple: ‘We can’t keep up with demand’ Global passion for Apple unabated as consumer demand outstrips supply across iPhone‚iPad and iMac ranges‚ Apple says. As Apple announced record profits‚ chief executive Tim Cook confirmed that even supplies of older‚ cheaper models of the iPhone were not enough to satisfy demand‚ and that sales of iMacs fell primarily because the company could not make the new design fast enough. He added that iPad Mini demand‚ too
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Diamond cut Diamond A merchant‚ after many years of poverty and hard work‚ moved to a distant region and grew rich. He decided to go home. A man told him that his road was beset by thieves‚ and the merchant left his box of jewels with him until he could get men of his own family to accompany him. When he returned‚ the man denied that it had ever happened‚ and threw him out of the shop. Koosby Ram saw him sitting on the road‚ and asked him what had happened. Then he told him to go back the next
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Drew Galloway October 8th 2014 BMGT 1101 Apple Inc. Apple is an extraordinary company. The company was founded by Steve Jobs‚ Steve Wozniak‚ and Ronald Wayne on April 1st 1976. The whole purpose of Apple was‚ to develop and sell personal computers. It has come a long way from a small owned business into a multinational corporation. After the death of Steve Jobs the company had to hire a new CEO‚ Tim Cook. Tim Cook was the complete opposite of Steve Jobs. Steve Jobs was very loud and unpredictable
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America? ➢ Innovations ➢ Apple retail stores ➢ Emphasis on design ➢ Digital music player’s success ➢ Successful marketing effort - meet the expectation - mystique ➢ Good service plan (unlimited data with direct internet aceess‚ visual voicemail and a host of other goodies) 4Ps: Product: Fashionable‚ new advantages. Promotion: Tv campaign Price： Consumer psychology Place With tough competition from Nokia‚ htc and blackberry‚ do you think iphone is as successful in Europe as
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In the past few years Apple and other electronics manufacturers have been in the news for alleged unethical practices carried out by some of their suppliers. The ethical issues were concerning the 2010 suicides in the Chinese Foxconn factories‚ which are the main suppliers for Apple‚ and the IPhone5 strikes that occurred in the beginning of October. All of these events were as a result of the workers’ poor living conditions‚ inadequate health care benefits and a load of overtime hours. Apple’s speedy
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ECONOMICS REPORT ON IPHONE 5 Source: http://www.forbes.com/sites/markrogowsky/2013/01/15/did-the-wsj-get-punkd-on-apple-or-is-it-rotten-to-the-core/ Summary- The article shows how Wall Street Journal has tried to prove that the demand of Apple’s Iphone5 has fallen‚ just because the company cut down the orders of the components used in the manufacturing of the ios device which it outsources. But the fact actually is that apples sale has not fallen‚ and in fact its sale has increased since
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SAMSUNG VS APPLE-BATTLE OF THE GIANTS Samsung and Apple are the two biggest smartphone companies with a combined market share of more than half the global smartphone market. Every year both the companies bring in new innovations in their smartphones‚ which greatly increases their smartphone sales. But in today’s market where there is cut throat competition it is given that each company will try to outdo the other in every possible manner. Hence I would like to discuss the fierce battle raging
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Marisa Elliot 03/01/2013 An Apple a Day What came first‚ the chicken or Apple? As I sit in the Hayden Library right now I spot countless students furiously typing away on Mac computers and relentlessly texting their thumbs off on iPhone’s‚ both products of Apple Inc. Apple is one of the most well-known companies when it comes to the making of cutting-edge technology. Apple Computer Inc. first came to be a company in 1976 when Steve Jobs and Steve Wozniak released the Apple I in Cupertino‚ California
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Module 3: Internal and External customers Apple likes to say “The soul of the apple experience is in its people”‚ the internal customers who are trained‚ motivated and empowered to do what is right for the external customer. When you visit an apple store there is a purposefully designed customer experience part of which is communicated by apple’s internal customers. When you walk the store you are greeted with a warm friendly welcome within seconds of stepping inside. Apple’s internal customers
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Lecture 5: PRICE AND PLACE Price: - Define the pricing concept and explain different pricing methods ( cost oriented‚ competitor oriented and market oriented pricing) -Explain pricing strategies for new products( market penetration and market skimming) AND existing products. ( Understand condition and when we can use it) -Consider ethical issue in pricing ( don’t think it will be on the exam) PLACE: Define place(distripution) concept and explain the role of intermediaries in distribution
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