To: Company G CEO Date: February 20‚ 2013 Re: Comparing Company G against industry average The first ratio calculated was current ratio. This is done by dividing current liabilities by current assets. Current ratio is important because it shows the business’s ability to pay back the current liabilities with the current assets that they have available to them. At the end of 2011‚ the current ratio was at 1.86. In 2012‚ this ratio dropped to 1.80. The industry ranges from 3.1 (showing a strong
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4. Discuss how marketing policies and procedures may impact on the marketing activities conducted. Most appropriate marketing activities How marketing policies and procedures may impact on the marketing activities 1. Development and contribution of samples‚ case‚ studies‚ testimonies and other evidence of enterprise activity Ethical principles: when designing and distributing the samples and testimonials we need to tell the truth to customers‚ make are the information provided are the original‚ honest
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The Sherman Act of 1890 states that trade restraints and monopolies are illegal. The Clayton Act of 1914 was put into place to further outline the illegal activities stated in the Sherman Act‚ and to outlaw ways that companies may try to develop monopolies. It was later amended by the Celler-Kefauver Act of 1950‚ which kept a company from merging with it’s competitor to acquire their stock. The Federal Trade Commission Act of 1914 created the Federal Trade Commission‚ which has 5 members and works
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EGT1 TASK 1 309.1.1-05‚ 06 A. Marginal revenue indicates how much extra revenue a company receives for selling an extra unit of output. 1. Marginal Revenue is the change in total revenue resulting from a change in the quantity of output sold. Expressed as: Marginal Revenue = change in total revenue/change quantity. B. Marginal cost is the overall change in a firms total cost of production resulting from a change in production by one unit. 1. Marginal cost and total cost are
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SUBDOMAIN: 309.1 - ECONOMICS Competency 309.1.2: Supply and Demand - The graduate applies the laws of supply and demand to develop a desirable relationship between supply and demand in a given situation. Objective 309.1.2-08: Differentiate between elastic and inelastic demand. Objective 309.1.2-09: Discuss the application of elastic and inelastic demand in a given marketing situation. Introduction: Supply and demand concepts have application in everyday life. They also directly impact the business
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Elasticity: The real stretch play. We have all heard the phrase‚ “Stretch your dollar”‚ but have you ever stopped to consider what all goes on behind the scenes in order to make this stretch occur? What rules of economics and finance play into making your hard-earned dollar stretch to its maximum value? While the topic of stretching your money spans across all areas of business‚ finance‚ and economics‚ I will focus on the fundamental principle of economic stretch; elasticity. Elasticity in economics
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EGT1 – Economics and Global Business Applications Task 2 Elasticity of demand is a measure of responsiveness to a price change of a good or service. When demand is elastic‚ the percentage of a price change of a product will result in a larger percentage of quantity demanded (McConnell‚ p 77). It basically means reducing the price of a good service will result in a greater quantity demanded and an increase in revenue for the seller. When demand is inelastic‚ a change in price will result in
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A. Country Identification: The company has brought to our attention that it desires to expand into the Eastern Asian market where it is believed that the opportunity will be best and certainly more than double its profits by this venture. The Country of choice will be China; location is the city of Macau‚ which is an established trading center in Southeast Asia. B. Major Cross-Cultural Issues and Impacts: There are some marketing aspects to consider. Our approach must be culture sensitive
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Stephan Everingham EGT1 Task 4 In a time of global commerce‚ new business ventures can take on many forms. What used to be local or even national companies have become world-wide. International growth of a business can be extremely beneficial but is not without its challenges. Different countries have different peoples and different cultures - different ways of doing business altogether. If a venture is to be successful‚ these differences must be well understood. Let us consider China
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EGT Task 1 In this essay the relationship between marginal revenue and marginal cost and the importance of these concepts in the business world to help explain profit maximization. Profit maximization is the process which determines the price and output level that has the greatest profit return. The process can be approached in various ways. Costs incurred by a company are put into groups: fixed costs and variable costs. The fixed costs are incurred at any business level. An example of
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