MEDIA ECONOMICS Theory • Set of guiding principles • Explains behavior • Help us understand why things happen • Predicts behavior • Help us anticipate future actions‚ events • Two theories to understand media economics • Classic economic theory • Media Economics • Critical/cultural theory • Political economy Media Economics • Media Economics o Focus on economic forces o How they shape media institutions o Production
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TYPES AND FORMS OF BUSINESS ORGANIZATION A business organization is frequently referred to as a business entity. A business entity is any business organization that exists as an economic unit. Business entities can be grouped according to the type of business activity they perform. 1. Service companies perform services for a fee. This group includes companies such as accounting firms‚ law firms‚ repair shops‚ and many others. 2. Merchandising companies purchase goods that are ready for
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Business Economics Problem Set 1 1. The Social Security system provides income for people over age 65. If a recipient of Social Security decides to work and earn some income‚ the amount he or she receives in Social Security benefits is typically reduced. A. How does the provision of Social Security affect people’s incentive to save while working? The provision of Social Security will decrease people’s income after tax this leads to people not to save incentives while working. B. How does
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Business Economics Questions: 1. Explain the subject matter of economics as question concerning the adjustments between unlimited want and limited resources. 1 & 2 2. Explain how Market/Price mechanism solves there central problems of economics 1 & 2 3. Explain why the price in competitive markets settles down the equilibrium intersection of supply and demand. Explain what happens if the market price starts out too high or too low. 3 4.Explain the economic meaning 0f price elasticity
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to 3 page response to the following question: 1.What is the most important problem facing the Wallace Group? 2.What recommendation(s) would you make to Mr. Wallace‚ and in what order of priorities? 3.How do you educate a manager to manage an organization as it evolves over time from an enterpreneurial structure to a more sophisticated and complex organizational structure? 1. What is the most important problem facing the Wallace Group? There a several problems that the Wallace Group is facing
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PepsiCo entered India in 1989 and has grown to become the country’s largest selling food and Beverage Company. One of the largest multinational investors in the country‚ PepsiCo has established a business which aims to serve the long term dynamic needs of consumers in India. PepsiCo nourishes consumers with a range of products from treats to healthy eats that deliver joy as well as nutrition and always‚ good taste. PepsiCo India’s expansive portfolio includes iconic refreshment beverages Pepsi‚
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Chap 2 1. Compare and contrast the characteristics of the operational‚ managerial‚ and executive levels of an organization. Interactions with customers * Functional managers * Monitor and control operational-level activities * The president‚ CEO‚ vice presidents‚ board of directors 2. Compare and contrast automating and learning Automating: Doing Things Faster Organizational Learning: Doing Things Better Supporting Strategy: Doing Things Smarter 3. Discuss
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Small-Business Idea Recently the United States government has released funds for creating small businesses. An opportunity to acquire government funding for a business venture is one to take advantage of and to put dreams into reality. The intent of this paper is to outline the three main forms of business organizations including the tax and legal implications as well as the accounting requirements for each structure. In addition‚ this paper proposes creating a small business of a women’s only gym
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involves identifying whether training supports the company’s strategic direction; whether managers‚ peers‚ and employees support training activity; and what training resources are available. Table 3.3 provides questions that trainers should answer in an organizational analysis. Some combination of documentation‚ interviews‚ or focus groups of managers and individuals in the training function should be used to answer these questions. The strategic role of training influences the frequency and type of training
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satisfied with them. Some of the facts checked include the accuracy of increases owing to economic dynamics and the relevance of the suggested activities. Normally‚ the budgeting department is
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