Gujarat University‚ Ahmedabad – MBA Programme Details of the Courses Offered Annexure E Course Code: C101 Economics for Managers (EFM) 1. Course Objective This course is designed to impart knowledge of the concepts and principles of Economics‚ which govern the functioning of a firm/organisation under different market conditions. It further aims at enhancing the understanding capabilities of students about macro–economic principles and decision making by business and government. 2. Course Duration
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03/18/13 How do Pharmaceutical Company Practices Impact What Medications We Take? These days there’s a pill for everything‚ even things that don’t really need to be fixed‚ or could be treated through other healthier means and with fewer side effects. The influences of the pharmaceutical industry are to a large degree dictating what medications we take and the cost of those medications. There are many things that may influence an individual’s decisions. There’s no doubt that the giving of gifts
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PROFIT MAXIMIZATION [See Chap 11] 1 Profit Maximization • A profit-maximizing firm chooses both its inputs and its outputs with the goal of achieving maximum economic profits 2 Model • Firm has inputs (z1‚z2). Prices (r1‚r2). – Price taker on input market. • Firm has output q=f(z1‚z2). Price p. – Price taker in output market. • Firm’s problem: – Choose output q and inputs (z1‚z2) to maximise profits. Where: π = pq - r1z1 – r2z2 3 1 One-Step Solution • Choose (z1
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Cost – Volume – Profit or also known as CVP is an analysis method of cost accounting. It is use in managerial economic. CVP is the study of the effects of changes in cost and volume on a company’s profits. It is a method of analysing the relationship between changes in output and changes in total sales revenues‚ expenses and net profit. QUESTION 1 (a) How do managers use CVP analysis to make decisions? Describe at least FIVE (5) uses of CVP analysis. Managers are concern about the impact of their
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Dow Jones Index tracked category in the Construction‚ Agriculture‚ and Machinery industry against its industry competitors. Cat Inc. had a record $30.25 billion in sales and revenues in 2004‚ an increase of 33 percent over 2003. The 2004 record profit of $2.03 billion is 85 percent higher than the 2003. What Caterpillar is best in the world at making: Track-Type Tractors. Track-Type Loaders. Wheel Loaders and Integrated Tool carriers. Excavators. Trucks.
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material resources to the organization. Managers are required to do planning‚ organizing‚ commanding‚ coordinating and controlling. Fayol’s theory of a management function which is the POCCC allows the organization to have more effective and efficient in goods and services than other competitors. The dynamic and complex work of a manager is based on interpersonal‚ informational and decisional roles. Given the above roles according to Henry Mintzberg‚ the managers are placed in different areas to perform
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Michael Varghese Mobile:00971503958539 michaelsafty@gmail.com mvarghese@emdad.ae Post Applied: Safety Manager/ Safety Advisor/Team Leader Profile Captured internationally recognized Safety Qualification from Dubai Industrial Academic City TTE conducted by TECOM ‚ 10 year’s construction and Maintenance‚ Oil & Gas experience . Multiple years in Drilling activities for Cathodic protection of Newly drilled wells in ADCO fields HSE inspection onshore locations. Senior Level experience. Good knowledge
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INDUSTRIES LARGE-SCALE AND SMALL-SCALE The following pages describe the industrial life and activity of the district. The chapter is divided into three sections: (1) Large-Scale Industries‚ (2) Small-Scale Industries and (3) Labour Organization. It is‚ however‚ to be noted that the statistics given in the section on large-scale industries which include employment and such other aspects as capital investment‚ production etc. are included‚ are not in respect of the industry as a whole but pertain
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Rebecca Onstott College Sociology November 15‚ 2012 Gender Roles: Why do we still follow them? For centuries‚ gender roles have dictated the lives of men and women; from lives outside of the home and within the home‚ relationships with family and other close friends. In the beginning gender roles played a very strict purposes based on human anatomy. In the hunting and gathering society‚ men would go out to hunt and for war while the women would stay back and provide for the children. This was
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planning and controlling Planning is a basic managerial function. It involves deciding on a course of action in advance. Planning is deciding what is to be done‚ where and how the work is to be done and who will do the particular task. We can say plan is to produce schemes for future action‚ to bring about specified results and specified cost‚ in a specified period of time. It is a deliberate‚ extent‚ speed and effects of change. Controlling is a procedure
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