Abstract The word bank was borrowed in Middle English from Middle French banque‚ from Old Italian banca‚ from Old High German banc‚ bank "bench‚ counter". Benches were used as desks or exchange counters during the Renaissance by Florentine bankers‚ who used to make their transactions atop desks covered by green tablecloths. One of the oldest items found showing money-changing activity is a silver Greek drachm coin from ancient Hellenic colony Trapezus on the Black Sea‚ modern Trabzon‚ c. 350–325
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You may have heard about goods being classified as either a search or an experience good. The concept is not new‚ and was actually developed by American economist Philip Nelson. These classifications provide a working distinction between different types of products and services. If you like/need examples of Nelson’s classifications‚ here are some. Paper (notebook‚ copier‚ etc.) is a search good. Paper products can be easily be compared and evaluated prior to purchase. Commodities are search
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Market and Industry Analysis Figure 1 - Market/Industry Cement Dispatches In 2008-09 a total of 30.78 million ton material was attained and sent forward‚ generating an increase of 2.12% as compared to last year (Bestway Annual Report‚ 2008-09). Dispatches made locally contracted by 14% to a level of 19 million ton (as per DGKC Annual Report‚ 2008-09)‚ owing to inconvenient economic‚ political‚ law and order atmosphere reigning in the country (Bestway Annual Report‚ 2008-09). High cost of contracting
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getting cooking oil make consumers thought there will always shortage of cooking oil especially festive season. This may due to suppliers and retailers do not have mutual agreement on the quantity of cooking oil that should be supply and sell in the market. In addition‚ some shortage problems on particular brand of cooking oil were due to the consumer preferences. The third article is about the decision of a company to stop selling 4‚000 tonnes of cooking oil cause part of the shortage problems.
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Competitive Rivalry * Industry dominance by few large firms The car automobile industry -There are various competitors in this market but the dominant ones include General Motors‚ Volkswagen‚ Chrysler‚ Ford‚ and Honda etc. Entry barriers prevent other entrants and pricing is mostly by competition and mutual understanding between top manufacturers. * Huge setup cost and complete resource ownership * Prices remain stable if a firm reduces product price others follow suit and cut down
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CLICK TO DOWNLOAD ECO 550 Final Exam 1. The degree of operating leverage is equal to the ____ change in ____ divided by the ____ change in ____. 2. In the linear breakeven model‚ the difference between selling price per unit and variable cost per unit is referred to as: 3). Break-even analysis usually assumes all of the following except: 4).The short-run cost function is: 5). In the short-run for a purely competitive market‚ a manufacturer will stop production when: 6). In the long-run‚ firms
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Studying the Equality of Condition In his book “democracy in America”‚ Alexis de Tocqueville provides a thorough study of the equality of condition as a distinctive feature of the democratic America and discusses some of the consequences it might have. He begins his writing by introducing the reader that during his stay in America the equality of condition struck his attention the most. In America‚ the democracy has reached another level that has never been seen before or experienced in any of
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only from the government but also from the enterprises themselves is a necessary conditions since these all the organizations to compete and cooperate with the oversea and worldwide companies. (b) Resolution of policy risk Investor confidence in reliable property right and stable‚ market-oriented policies are a necessary condition for financial integration and the development of emerging stock markets. Announced market-oriented policies may be reversed‚ however‚ and are initially not fully credible
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Competitive Forces (Porter’s 5 Forces) Analysis of the competitive environment can be done utilising Michael Porter’s 5-forces model of UPS and FedEx. Porter’s theoretical framework allows us to determine the overall profitability and sustainability within the industry (Laudon & Laudon 2006‚ pg.99; Hubbard 2004‚ pg.211). We reckon that in this case‚ the competitive forces for both UPS and FedEx are very similar because they are both in the same industry. Power of substitutes: Communications
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Glance……………………………………………………03 Analysis of porter’s five forces model in relation with cargills food city ……...03 Threats of New Entrants…………………………………………………………..03 Threat of Substitutes………………………………………………………………04 Degree of rivalry……………………………………………………………………05 Power of buyers…………………………………………………………………….06 Power of suppliers………………………………………………………………….07 References…………………………………………………………………………..07 Porter’s five forces Model It is a framework for the industry analysis and business strategy
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