EGT1 - Economics and Global Business Applications Course of Study This course supports the assessments for EGT1. The course covers 7 competencies and represents 4 competency units. Introduction Overview You will learn the concepts and tools needed to make optimal decisions such as the following: marginal analysis; supply and demand; competition; anti-trust laws and government regulations; international business environment; international trade; global operations; and cultural sensitivity
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Marketing & Firm Performance” Leslie M. Fine‚ author of “The Bottom Line: Marketing & Firm Performance‚” analyzes how marketing relates to how well the firm does overall. A majority of the article is focused on how customer relations’ impact firm performance and can affect shareholder wealth. Firms improving customer equity and reducing the firm’s cash needs‚ will influence the net present value of the firm. Within recent years‚ there has been an increase in the awareness that firms should be able
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Kendley Fleurentin Career & Financial Management What is tax ? Tax a compulsory contribution to state revenue‚ levied by the government on workers’ income and business profits or added to the cost of some goods‚ services‚ and transactions. People pay taxes every time they get a paycheck. They pay taxes for social security and medicaid. There are many advantages and disadvantages to paying taxes. Some advantages of paying taxes are control inflation ‚ discourage use of harmful products‚ revenue
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Q4) what are the advantages and disadvantages to a firm of operating on a large scale? Economies of scale fall under microeconomics and are the cost advantages a business obtains due to expansion. As scale is increased they cause a producers average cost per unit to fall. Microeconomics (from Greek prefix micro- meaning "small" and "economics") is a branch of economics in which you study the behaviour of how the individual firms make decisions to allocate limited resources. Normally‚ it applies
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feel more alive than when you are closest to death. But is it worth it? Is the stress-filled phenomenon that is adrenalin‚ coming straight from the adrenal glands travelling to the heart via significantly dilated blood vessels‚ stimulating a higher heart rate‚ while triggering a release of endorphins worth the risk? Worth the ‘risk’ that will all capture us eventually but still cripples fully grown men to a riverbank of tears and a prison of hidden emotional pain? Maybe‚ maybe not... This was
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Difficulty: Easy 4. (p. 4) Many people when they go on vacation are choosing to leave their dogs in posh pet resorts that offer a variety of activities for the dogs‚ such as swimming pool frolics‚ nature walks and hayrides. Dog owners are paying $17 per night for basic boarding at the pet resorts and up to an additional $20 for the other activities‚ which would be collectively classified as: A. Goods B. Values C. Services D. Satisficers E. Attributes Difficulty: Easy 5. (p. 6) _____
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Decisions for Firms with Market Power Market power is the ability of all price setting firms to raise price without losing all sales‚ which causes the price setting firm’s demand to be downward-sloping. When firms with market power raise price‚ even though sales do not fall to zero‚ sales do decrease because of the law of demand. The effect of the change in price on the firm’s sales depends to a large extent on the amount of its market power‚ which can differ greatly among firms. This chapter
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Single Rate Flat Tax System The one topic that has continually been a major topic in the United States is the topic of taxes. It has been a key component of political campaigns at all levels since the political scene has been of interest to me. There are two major tax systems that are viable options in the U.S. today. There is the federal individual income tax system and a single rate flat tax system. The U.S. currently uses the federal individual income tax system. This type of tax system
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capital structure of a firm Credit ratings is the assessment of the credit worthiness of a firm based on historyof borrowing and repayment. Credit rating is the credit worthiness of a debtor. The debtors ability to pay back the debt. Companies with high rating (AAA) have a good market reputation and logically would avoid not being in favor of more debt in capital structure to save them from any adverse circumstances. High credit ratings expose a firm to obtain higher external sources of finance
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EEE4006F: Ethics Essay Assignment March 2013 A Professional Engineer setting up a newly established engineering firm in Cape Town HLYCOU001 Courtney Healey As a professional engineer setting up a newly established firm‚ I am challenged with various ethical issues and conflicts of interest. I decide to choose company X as my supplier for electrical components. After making my order‚ I receive complimentary rugby tickets from a representative at the company. I am faced with the ethical
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