Profit Margin = Net Income / Sales 2007 4.524726859 4.50% Return on Assets = a) Net income ÷ Total assets 6.094252729 6.10% b)(Net income ÷ Sales) x (Sales ÷ Total Assets) 6.094252729 6.10% Return on Equity = a) Net Income/Stockholders Equity 16.03851901 16.00% b) Return on Assets/ (1- Dept/Assets) 16.05364436 16% 2008 2009 5.422272581 3.989092813 5.40% 4.00% 7.233719667 5.706886679 7.20% 5.70% 7.233719667 5.706886679 7.20% 5.70% 18.54797792 15.0179937 18.50% 15% 18.46151733
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Staff retention - Harrods ‘Harrods of London’ is a British institution. It is probably the most well-known and respected retail store in the world. For 162 years‚ Harrods has built its unique reputation supported by its key brand values – British; Luxury; Innovation; Sensation; Service. Harrods employs approximately 5‚000 people from 86 different nationalities who deal with up to 100‚000 customers a day at peak times. Harrods needs employees who can face the challenges that its reputation and standards
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Contents CHAPTER ONE 1. INTRODUCTION………………………………………………………………….. 3 1. OVERVIEW OF HARRODS AND LUXURY FOOD CONSUMERISM……… 3 1.2 RESEARCH QUESTIONS ……………………………………………………… 5 1.3 OBJECTIVES OF THE RESEARCH…………………………………………… 5 1.4 HOW WILL THE OBJECTIVES BE ACHIEVED……………………………….. 6 CHAPTER TWO LITERATURE REVIEW 2. INTRODUCTION……………………………………………………………………..6 2.1 A THEORY OF LUXURY…………………………………………………………..7 2.2 DEFINITIONS OF LUXURY PRODUCTS‚ SPECIALITY AND PREMIUM FOODS………………………………………………………………………………
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” When the level of investment is more than the level of funding necessary to replenish depreciated capital‚ the economy will grow. There are 2 models‚ which illustrate the effect of savings rate on economic growth called the Harrod-Domar and the Solow. The Harrod domar model when expressed in terms of GNP‚ reads as g≡Yt+1-YtYt=sθ-δ .The numerator in the righthand expression is the savings rate s‚ while the denominator is the capital-output ratio θ‚ the “amount of
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a relation between aid and growth. It will do so by first defining aid and growth and then moving on to some of the important models which can be used to understand this link. We will discuss the two-gap model and then move on to the Solow and Harrod-Domar model‚ giving empirical examples in each case. Finally‚ we will analyze two countries and try to inspect the reasons for their different growth rates using the logic used in the discussed models. Aid can be defined as any voluntary transfer of
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The Harrod-Domar growth model gives some insights into the dynamics of growth. We want a method of determining an equilibrium growth rate g for the economy. Let Y be GDP and S be savings. The level of savings is a function of the level of GDP‚ say S = sY. The level of capital K needed to produce an output Y is given by the equation K = σY where σ is called the capital-output ratio. Investment is a very important variable for the economy because Investment has a dual role. Investment I represents
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(population growth) • improvements in the quality of labour through training and education • increase in capital (through higher savings and investment) • improvements in technology. The neo-classical model was an extension to the 1946 Harrod–Domar model that included a new term: productivity growth. Important contributions to the model came from the work done by Robert Solow‚ in 1956‚ Solow and T.W. Swan developed a relatively simple growth model which fit available data on US economic growth
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the economy’s prosperity and progress. Moreover‚ according to this theory‚ industrialization can be achieved by increasing capital as much as possible together with the community. This is their way of developing one’s economy and motherland. The Harrod-Domar model is also a major part of this theory. It talks about the rate of growth of a nation in a mathematical manner. It is actually based on the savings and income of the state. Unfortunately‚ this theory does not work in some instances because
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Development Economics Web Guide‚ Unit 5B The causes of economic growth in developing countries. The significance of economic growth for development · The role of both physical and human capital · Technological progress Examine the sources of economic growth and the extent to which they can be affected by government intervention. 15 Evaluation of the impact of government policies. Factors affecting economic growth in developing countries Keynesian Approaches 1 Savings and Investment There are
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certain countries economies grow at greater rates than others. The post-Keynesian era saw the introduction of the Harrod-Domar model of economic growth. This model explained an economy’s growth rate by observing the level of saving and productivity of capital in the economy. The neo-classical Solow-Swann model‚ however‚ superseded this‚ as claims of instability in the solution of the Harrod-Domar model arose. On top of analyzing an economy in terms of it’s capital stock and productivity‚ the Solow Swann
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