Prices & Markets Lecture 1: Demand & Supply © Martin Byford 2012 Definition: Economics /iːkəәˈnɒmɪks‚ ɛk-/ noun The social science that analyses the production‚ distribution and consumption of goods and services given unlimited wants and scarce resources. ORIGIN late 16th cent. (denoting the science of household management): from ta oikonomika‚ the name of a treatise by Aristotle (or his student Theophrastus). Definition: Microeconomics /ˌmʌɪkrəәʊ-/ noun That part of economics concerned
Premium Supply and demand
Highlights: Global Soft Drink Industry - $310Billion (2015 Expected) Indian Beverage Industry - $230 Million of the $65Billion Food Industry Current Growth Rate: 15% & Expected Rate: 16-17% Coke & Pepsi Co covers 90% of the market. Juices will surpass carbonate market by 2016 Globally The global soft drink industry is estimated to reach $310 billion in 2015. The soft drink industry spans sparkling drinks‚ bottled water‚ smoothies‚ ready-to-drink tea‚ concentrates‚ juices and coffee and functional
Premium Soft drink Coca-Cola
MARKET SEGMENTATION A market is made up of people with one or more characteristics that make them to demand homogeneous product or service based on qualities of those products such as price or function. People in the same segment have similar needs and quality and therefore possess similar products and are charged similar prices‚ but they are different from other segments. Segmentation variables can be * Gender * Price * Location * Religion * Income * Interests * Size
Premium Marketing
3. Market Analysis A. The European Industry Description * Industry Size‚ Status and Growth The automotive industry is a healthy and fundamental industry with a bright future. The EU’s automotive industry produces a third of the world’s passenger cars‚ producing 780 billion euros of turnover per year‚ with value added of over 140 billion euros. It imports far more than it exports with a total of 42.8 billion net profit of exports (2007). The EU’s car industry also provides 12.1 million of the
Premium Renault Japan Automotive industry
Electricity tariff hike from April Published on Tuesday‚ 12 March 2013 11:57 The Chairman of the Public Utilities Commission (PUC) Dr. Jayatissa De Costa has said that the public opinion regarding the proposed tariffs will also be taken into consideration before the price hike is introduced. According to the CEB proposal‚ a home using 40 units of electricity will have to pay Rs.384 instead of the previously paid sum of Rs. 244. 95. Under the new proposal‚ 0-30 units
Premium Supply and demand
MONOPOLISTIC COMPETITION Up to now‚ we have covered two extreme types of markets. We covered perfect competition with the highest degree of competition‚ then we covered monopoly with the lowest degree of competition. Now‚ we will cover oligopoly and monopolistic competition. These two market types are in between two extremes: they show some features of competition and some features of monopoly. Oligopoly Definition: Oligopoly is a market structure in which there are a few sellers and they sell almost identical
Premium Monopoly Nash equilibrium Game theory
main causes of market failure: The abuse of market power‚ which can occur whenever a single buyer or seller can exert significant influence over prices or output. Externalities- when the market does not take into account the impact of an economic activity on outsiders. For example‚ the market may ignore the costs imposed on outsiders by a firm polluting the environment. Public goods such as national defence. How much defence would be provided if it were left to the market? Where there
Premium Economics
assets are financed. The international model of banking system gather their funds via domestic market and then allocated to borrowers in a foreign market. By contrast‚ Global Banking generates funds in a foreign market and finances its claims on borrower in the same foreign market. In this way we can see that international bank concentrates on cross border business while global bank mainly focus on local market businesses. b/ Identify five ways in which a bank headquartered in the USA can fund loans
Premium Central bank Currency Debt
FINANCIAL MARKET: Mechanism that allows people to buy and sell financial securities(such as stock and bonds) and items of value at low transaction cost. Market works by placing many interested buyer and seller in one ‘place’‚ thus making easier for them to find each other. PURPOSES: Financial market facilitate; 1. Raising of capital 2. Transfer of risk 3. International trade HOW FINANCIAL MARKET WORKS: Borrower: issue a receipt to lender promising to payback the
Premium Debt Finance Economics
Low Market Share of iphone in Indian Market Note : This research is only based on the secondary data sources mentioned at the end of this report. Defining the Management Problem Apple is the world’s largest manufacturer of the smart phones known as iphones. It frequently launches its new version after every 2-3 years with much improved and latest features for the consumers every time. It is a market leader in iphones and other products like ipads and ipods with almost 50% market share
Premium Smartphone Mobile phone Motorola