Business 100 April 21‚ 2015 Assignment How does microeconomics affect business? Microeconomic is the study of decisions that people and businesses make regarding the allocation of resources and prices of goods and services. This means also taking into account taxes and regulations created by governments. Microeconomics focuses on supply and demand and other forces that determine the price levels seen in economy. Microeconomics looks at how a specific company can maximize its production and capacity
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For Profit Vs. Not For Profit organizations: I would like to start with the more interesting type of organizations to discuss and that is not for profit organization (NPO). The first advantage to NPO is simply tax exemption (IRS‚ 2012)‚ once an organization meets certain criteria and is approved as a NPO‚ it doesn’t pay tax on its income. It is very important to understand here that the money saved from not paying tax is reinvested in such organization to either continue providing the type of services
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WHAT ARE COSTS AND PROFITS? HUNGRY HELEN’S COOKIE FACTORY • Helen‚ the owner of the cookie factory‚ buys flour‚ sugar‚ flavorings‚ and other cookie ingredients. • She also buys the mixers and the ovens and hires workers to run the equipment. • She then sells the resulting cookies to consumers. 2 TOTAL REVENUE‚ TOTAL COST‚ AND PROFIT • The amount that Helen receives for the sale of its output (cookies) is its total revenue. • The amount that the firm pays to buy inputs (flour‚ sugar‚ workers
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market power then it can set its own price‚ which is called a price setter. The characteristics of a competitive market for a firm are when there a large number of small firms to compete with. Each firm sells the same product and the consumer has the ability to go in and out of each firm and they know the price of each good. A monopoly is a single seller of a good or service. They have the ability to set their own price of their good. It could be a diamond seller or a company that had sole ownership
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Pongsakorn Prohdeengam #5480995 Section 4 How Environmental Problems Can Affect Health Problems in Thai Society Many people say that the environmental issues in Thailand are chronic problems. According to Ping (2012)‚ irregular environmental catastrophes have occurred more frequently than ever recently. Due to inadequate responsibility‚ people keep ignoring the environment that absolutely causes climate change and the severe pollution. In October 2011‚ the catastrophic flood hit the central
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111 Midterm Exam 10/24/2011 Essay Question 2: Analyze the role joint-stock companies had in settling America. Joint-stock companies charted by King James I funded the English colonial enterprises. Investors bought shares in the company‚ and at the end of a specified period received their investment back plus a percentage of the profits of the company. In April of 1606‚ the king issued a charter to the Virginia Company of London to create a colony in America. In December 1606‚ three ships set
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Improving Productivity Using IT As our organisation is very IT focused there are many different methods and software we use. Our main way of communicating is via email; this saves a lot of time and is also a faster way of letting the whole team know certain information. We use a variety of software to get tasks completed such as word‚ excel‚ PowerPoint‚ internet etc. As we very rarely have customers come into our office‚ most of our communications is by using computers. We have a company website where
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MEANING Profit maximization is the traditional approach and the primary objective of financial management. It implies that every decision relating to business is evaluated in the light of profits. All the decision with respect to new projects‚ acquisition of assets‚ raising capital‚ distributing dividends etc are studied for their impact on profits and profitability. If the result of a decision is perceived to have positive effect on the profits‚ the decision is taken further for implementation
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Local Supplier Development Program Ledesma’s Local Supplier Development Program aims to strengthen job-creation in and the economic development of the province of Jujuy‚ in Argentina‚ and particularly in the area where its employees live. In doing so‚ the company designed a program in which the growth of local suppliers could also provide benefits for the company. In this way‚ the sustainability of the program is not solely dependant on the commitment to local development. The company decided
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Managers Can Increase Your Productivity by Carmen Nobel Introduction The source of this article is a research done by Harvard Business School Assistant Professor Ethan S. Bernstein in which he explains how decreasing workplace transparency can increase the productivity of employees. This paper will analyze Bernstein’s research which was conducted on a technologically advanced manufacturer’s plant in Southern China‚ where measures were taken to impose transparency to ensure higher productivity‚ but
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