2008MBA035 ECONOMIC ENVIROMENT OF BUSINESS 1 TERM PAPER QUESTION Notwithstanding the public policy response to the economic recession‚ business performance will continue to deteriorate. Global Overview Recession can be defined as the reduction of a country’s gross domestic product (GDP) for at least two quarters. According to Wikipedia‚ it is a period of reduced economic activity‚ hence‚ a business cycle contraction. Recession has many attributes that can occur simultaneously
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Chapter 1 What Is Economics? 1) All economic questions are about A) how to make money. B) what to produce. C) how to cope with scarcity. D) how to satisfy all our wants. 2) An incentive A) could be a reward but could not be a penalty. B) could be a penalty but could not be a reward. C) could be either a reward or a penalty. D) is the opposite of a tradeoff. 3) An inducement to take a particular action is called A) the marginal benefit. B) the marginal cost. C) opportunity cost
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INTRODUCTION The macro economists are currently facing one of the major problems that are whether the huge and persistent U.S. current account deficits are sustainable or not. There are different thoughts about the present circumstance of worldwide imbalances. The imbalances in United States have a large current account deficit of above 5% of GDP. In simpler manner the above thoughts can be distinguished into those who think that such imbalances will start to grow in a gentle way and those who
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ECMT1010 BUSINESS AND ECONOMIC STATISTICS A ASSIGNMENT Semester 1‚ 2011 This assignment is worth 10% of your total mark. It must be handed in by 4:30pm on Friday‚ 3 June in the marked drop-off boxes in the Merewether building (Level 2‚ reception area). Late assignments will not be accepted and will result in a zero mark. The assignment must be done individually and plagiarism will result in severe penalty and possibly a zero mark. The assignment will be marked out of 50. Marks
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ASSIGNMENT OUTLINE DAY SPA BUSINESS I. Business introduction (0.5 page) - Vietnam business environment currently (economy downturn‚ tendency of customer’s consumption in economy downturn situation..) Down of economy global and domestic Government target of 5‚5% GDP increase may not achieve for 2013 Current GDP: 5‚3% We take DAY SPA in HCMC into consideration and analysis. - Introduce about DAY SPA in HCMC Spa industry in Vietnam is not directed development by self
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COMPETING THEORIES OF BUSINESS: PROFITABILITY AND OTHER MOTIVES INTRODUCTION Competition has always been part of human nature‚ therefore business as well‚ as a human creation. The tendency to be better and more successful has been transferred to business in idea of making profit and being successful. This enabled economy‚ as a whole‚ to evolve and provide civilization with higher quality and lower prices. In addition‚ it resulted in technological improvement. Competition led to creating competing
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employed. Given cost minimizing employment of the inputs‚ output is given by: Q =3L½. A. (7 pts.) Find the equation for minimized total cost in the long run‚ C(Q). (Hint: The standard rule for long run cost minimization that inputs should be employed so that the ratios of each input’s marginal product to its cost are equalized is not applicable here‚ because that rule applies when inputs can be substituted. Cost minimization is simple though; think about it.) Since the two inputs cannot be substituted
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Part B – Macroeconomics Question 10: a) Which of the following are final goods and services and which are intermediate goods and services? Please explain why in your answer. i) A windscreen purchased by a motor vehicle spare parts supplier; Intermediate goods – by national accounts (GDP) windscreen primary production value has already been accounted. It is being resold at a deflated value as second hand goods. ii) A new bulldozer to be used by a construction
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The Impact of ABC and EVA on Business Profitability and Performance. Value-added activity-based costing (ABC) and economic value added (EVA) measures have much impact on business profitability and performance. With the implementation of the ABC methodology‚ companies are able to pinpoint the products that are most profitable‚ determine what contributes to financial performance‚ forecast costs‚ profits‚ and amount of resources needed‚ identify the root of poor financial performance and
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2.0 The Different Types of Business Activity By the end of this chapter‚ you should be able to: • Classify entities into primary‚ secondary and tertiary sectors • Explain features of public and private business • Understand the different forms of merger and take-over • Compare methods that measures the size of a business Levels of Economic Activity Stage Business Involved Primary Woodcutter Secondary Furniture Makers Tertiary Retailer Example – Stages in the production and sale
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