Week 3 Homework 1. Some Classical and Monetarist economists claim that inflation is always a "monetary phenomenon." What do they mean by this claim and are they correct? They use the equation MV=PQ to show that any change in the amount of money in a system will change the price level. I believe that history shows they are correct‚ if the Fed reserve started printing a bunch of money without taking any out of circulation‚ then prices would go up for everything. 2. How can a higher price of oil create
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1. What are your chosen company’s marketing principles? Is this company trying to provide superior quality/value products‚ to have excellent services‚ to be innovative‚ to have a valuable brand name‚ or to understand competitors / consumers through market research capabilities... etc? How and where do you find this information*? You can find this from company’s mission statement‚ advertising slogans‚ and other places (e.g.‚ company’s website‚ information for investors‚ leaflets). *This is where
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The Contribution of Enterprise Systems Enterprise systems are also known as enterprise resource planning (ERP) systems. The system is made up of integrated software modules and a common central data base. The key word here is resource. The database collects resource data from the many departments and divisions in a business organization so the organization can have all the data from all of it’s inside sources available instantly. The database collects from suppliers‚ manufactures‚ human resources
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public enterprise‚ a business organization wholly or partly owned by the state and controlled through a public authority. Some public enterprises are placed under public ownership because‚ for social reasons‚ it is thought the service or product should be provided by a state monopoly. Utilities (gas‚ electricity‚ etc.)‚ broadcasting‚ telecommunications‚ and certain forms of transport are examples of this kind of public enterprisepublic enterprise‚ a business organization wholly or partly owned by
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In a free enterprise system individuals and businesses have the opportunity to compete against each other in a fair way. There have been many entrepreneurs who have used the free enterprise system to their advantage to be able to make it in the business world. One such entrepreneur who made an impact using the free enterprise system would be Steve Jobs. The free enterprise system made him able to compete against other companies to see who’s inventions were better. It was this that made him one of
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today’s global economy‚ firms rely on the analysis of macroeconomic and industry data to develop performance improving strategies and increase their profitability. With this in mind‚ the following report consists of an analysis of the U. ... macro environment‚ the airline industry‚ and Delta Air Lines. It covers both a historic period from 1996 to 2000 and a current period from 2001 to the present. ... Even though there has been current significant improvement in GDP‚ there are new concerns regarding
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Chapter 3 Consumption and Investment Consumption (C) and investment (I) Since we are more concerned with two sector model in our course‚ we will discuss about consumption and investment. In a two sector model‚ a simple but an imaginary assumption of no government and no foreign trade is made. Here Yd =C+S or Yd =AD (aggregate demand) This also implies that C+S=C+I Consumption Introducing you with: (Think yourself in advance) What is consumption? What is consumption function
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CHAPTER 3: THE MICRO ENVIRONMENT MGMT 488 – STRATEGY AND POLICY OVERVIEW The micro environmental analysis is the second step in creating the Environmental Analysis. The micro environment examines the general business climate as it relates to the organization within its industry. The micro environment is also known as Porter’s Five Forces of Competition. The macro environment is primarily concerned with major issues and upcoming changes in the environment. The analysis looks at five areas of interest
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Macro Unit 2 Lesson 1: What is the difference between macro and micro? Federal Debt graph: http://research.stlouisfed.org/fred2/series/GFDEBTN In the circular flow the seller receives exactly the same amount that the buyer buys (exclude tax) In the circular flow diagram‚ how do we account for profits? What happens if there is a disruption in the circular flow diagram? Individuals are concerned with income distribution. (wages) 1 Households C as spenders must consider the following:
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Question 1: Consider the sales process in each market (low-end residential‚ high-end residential and industrial). How effective are Jindi’s sales and sales management practices in the first two markets? What should they do to be effective in the industrial market? There are two main ways of sales process regarding this kind of product: 1. The Direct Walk-in 2. The Targeted Promotions The first one (the Direct Walk-in) consists in patrolling on the street to identify new constructions projects
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