of Managerial Economics Economics has two major branches namely Microeconomics and Macroeconomics and both are applied to business analysis and decision-making directly or indirectly. Managerial economics comprises all those economic concepts‚ theories‚ and tools of analysis which can be used to analyze the business environment and to find solutions to practical business problems. In other words‚ managerial economics is applied economics The areas of business issues to which economic theories can
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Unless specified otherwise‚ all questions are worth 4 points. For multiple-choice questions‚ circle the best answer. 1. On April 15 a distraught employee‚ Bob Heavyfoot‚ backed his truck into your main plant and destroyed the plant and all of its contents. Fortunately‚ certain accounting records were kept in another building. Therefore‚ you know the following for the period January 1 to April 15‚ 2004: Revenues $500‚000 GM (% of revenues) 25% Direct materials purchased $170‚800 Direct
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Explain the differences between Paleolithic and Neolithic civilizations regarding lifestyle and economics. The Paleolithic civilization was the early period of human history from 2‚500‚000 through 10‚000 B.C. During this time humans were hunters and gatherers. At the end of the last ice age around 10‚000 B.C. the Neolithic civilizations began to emerge. These humans developed to crop growers and domesticated animals for steady food sources. This essay will explain the differences between the civilizations
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Economic development is the sustained‚ concerted actions of policy makers and communities that promote the standard of living and economic health of a specific area. Economic development can also be referred to as the quantitative and qualitative changes in the economy. Such actions can involve multiple areas including development of human capital‚ critical infrastructure‚ regional competitiveness‚ environmental sustainability‚ social inclusion‚ health‚ safety‚ literacy‚ and other initiatives. Economic
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environmental factors 1.2.1 Micro Environmental Factors Micro Environmental Factors is also known as internal environmental factors. They include factors which are within or close to the company that have a direct impact on the organisation strategy as follow: i. Top management ii. Other functions‚ such as finance and accounting‚ Research and Development‚ manufacturing and purchasing iii. Suppliers iv. Marketing intermediaries v. Customers vi. Competitors vii. Public 1.2.2 Macro Environmental Factors
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InterContinental hotels A large company such as InterContinental Hotels Group is interested in finding out more about the factors that influence people buying hotel weekend breaks. Relating your answer to this example‚ review the different personal‚ psychological and social influences that might impact on someone seeking to make this kind of purchase. Review questions: 1) Name the types of buying behavior consumers use. List some products that you have bought using each type of behavior. 2)
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Corporate and Wholesale Finance - 12BSP053 “Since 2007 to mid 2009‚ global financial markets and systems have been in the grip of the worst financial crisis since the depression era of the late 1920s. Major Banks in the U.S.‚ the U.K. and Europe have collapsed and been bailed out by state aid”. (Valdez and Molyneux‚ 2010) Identify the main macroeconomic and microeconomic causes that resulted in the above-mentioned crisis and make an assessment of the success or otherwise of the actions taken by
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financing activities on its cash balance. 6. The percentage of sales forecasting method is used in estimating the amount of additional financing that a firm will need for a given increase in sales‚ based on certain assumptions about the relationship between sales and the various asset and liability accounts. A cash budget is the projection of a firm’s cash receipts and disbursements over a future time period and is useful in determining the amount of short-term funds the firm will need to borrow. Financial
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the global north developed and prospered‚ but the global south has not? To address the question of inequality of the Global North vs. South‚ one must begin at the point of origin; in which the two drastically diverged with respect to the differences in standards of living‚ thus creating the inequality gap we know today that separates the global north and south. It can be said that standard of living is directly related to the rate of productivity of a country (Clark‚ 1987). Therefore to address
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However‚ companies that own and influence industry standards are those capable of earning returns that are unmatched by any other type of competitive advantage. And therefore the existence of Standard Wars‚ that are the battle for market dominance between incompatible technologies. Virtually every high-tech
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