supply and demand and the determination of price and output in individual markets (e.g. coffee industry). Areas microeconomics covers: Supply and demand Competition Monopolies Profit and loss Opportunity cost Elasticity • Rigid laws:- Businesses may be doomed to be non starters due to restrictive business environment which may take the form of rigid government laws ( no polluting industry can ever be located in around 50 Km radius of the Taj) ‚ state of competition ( Car manufacturing
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Impact of the Tourism Industry to the Environment: A Philippine Situation A Term Paper Presented to Mr. Lawrence Icasiano English Language Area De La Salle Lipa In Partial Fulfillment of the Requirements for COMSKI2 Second Semester‚ School Year 2013-2014 By Donna L. Abellon Mary Joyce P. Plata Background of the study Introduction The tourism industry can pose a threat to the environment‚ if changes made to it are not sustainable and are irreversible. This paper is
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The offline retail environment of the automobile industry is that of manufacture to intermediary to consumer. The process from which the product (car) proceeds from manufacturer to consumer is that of through the automobile dealer. This intermediary batch purchases a number of models from the manufacturer and sells them from the ‘lot’ or storefront. This placement and presentation of the product has proved largely successful. The tangible product is viewed‚ test driven and purchased from the
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of the Softdrink Industry Technological Environment. Revolutionary developments in machineries brought by technological advancements and discoveries have provided companies with enhancements in its operations‚ which when adopted and utilized effectively‚ may bring progress. Here‚ companies are able to produce more outputs than they have before‚ increasing its productivity and keeping up with the increasing demand of the market. Discoveries in additives would also provide industry players an answer
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Political- legal environment is one of the economic environment that its development has strongly impacts on the marketing decisions of the company. The political environment consists of laws‚ government agencies‚ and pressure groups that influence or limit various organizations and individuals in a given society. Each factors of political environment has its own functions and impacts on the economic activities of the industry. The economic systems work best with at least some regulation. When
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and Marketing Introduction This report will evaluate the current marketing environment of the airline industry in Europe. This will involve looking into different area of the airline industry such as deregulation and open skies‚ current economic conditions‚ distribution channels‚ pricing and revenue management. It has been proved that the airline industry is probably one of the most competitive and complex industry in the world. According to Mintel report (2009) in the past decade‚ air travel
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MICROECONOMICS | MACROECONOMICS | As the term “micro” imply‚ microeconomics facilitates decisions of smaller business sectors.Micro Economics studies the problems of individual economic units such as a firm‚ an industry‚ a consumer etc.Micro Economic studies the problems of price determination‚ resource allocation etc.While formulating economic theories‚ Micro Economics assumes that other things remain constant.The main determinant of Micro Economics is price.Microeconomics is the study of decisions
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Understanding the Influence of Culture on Retailing The fundamental aim of this essay is to‚ show understanding of the influence of culture on retailing. In the essay the power of culture and how this power affects retailing will be explored. I am going to illuminate the meaning of culture in our modern life and discuss and explain the influence of cultural factors that can be put forward for shopping. I will look on how culture linked with retailing‚ how our society has changed and how these changes
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cyber-enhanced retailing SECTION HEADING Keywords: e-commerce‚ cyber-enhanced retailing‚ consumer mercantile phases‚ brick-and-mortar retailing‚ kiosk‚ comparative analysis A b s t r a c t Along with the exponential growth of e-commerce activities‚ the world marketplace is undergoing a rapid transformation and retailing is one of the key areas of this revolution. In this paper‚ we introduce a concept called `cyberenhanced retailing ’. Cyber-enhanced retailing is a paradigm
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individualized based on customer needs. They also send follow-up emails to ascertain their customer experience with the previous purchases. · Identify and discuss the macro-environmental factors that influence this business and assess the impact of each of these factors on its future success/failure on a scale of 1-5. Macro environmental factors (excerpted from Argosy University MKT 302 Lecture Notes‚ page 3-4/9) include: Demographic – Changes in the customer base for
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