The external environmental factors affecting the organized retail industry in india are as follows: • Demographical Environment – The important environmental factor that need proper and continuous monitoring called Demographical Environment. Demography is the study of population and its characteristics. Even India has over millions of retail outlet‚ it still has a long way to go with the international standard of retail industry • Cultural Environment – they influence the consumer’s beliefs‚
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Chapter 1: Page 20; Questions - 4‚ 7‚ 9‚ 10‚ 11 4) What are the key elements of the scientific method and how does this method relate to economic principles and laws? The key elements of the scientific method are the observation of real world behavior and outcomes. Based on those observations‚ formulating a possible explanation of cause and effect which is a hypothesis. Next‚ testing this explanation by comparing the outcomes of specific events to the outcome predicted by the hypothesis. Then‚ accepting
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Classical and Keynesian Economic Theories Economics can be defined as a social science concerned primarily with description and analysis of the production‚ distribution‚ and consumption of goods and services. There are two main schools of thought when it comes to economics: Classical and Keynesian economics. Each theory takes a different approach to the economic study‚ but neither approach is flawless. First‚ looking at the Classical economics theory‚ it is based largely on the thought that free
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Macroeconomics Exam 1 Instructor: Prof. Phelps Name: Results: Class: Period: Date: Read each question carefully then circle the correct answer. When you are finished transfer the answers to the Scantron sheet. Make sure that you enter your name on both the exam and the scantron sheet. You have 1 hour to complete the exam. 1. For economists‚ the word "utility" means: a) versatility and flexibility. b) rationality. c) pleasure or satisfaction.** d) purposefulness
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1. From the definition of GDP we arrive at the following expression: c + i + g + x-m = y = c + s + t Discuss the three important economic relationships that can be derived from this expression related to the definition of GDP and explain each carefully. The expression above depicts two different ways to come up with real GDP for a country. The left side of the expression explains expenditure side of computing real GDP which can be rewritten as: y = c + i + g +x – m In real terms‚ it could
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fuel-flexible petcoke-fired boilers to Bulgaria and Romania allowing customers to use not only standard coals‚ but also alternative fuels of different origin and properties. In spite of high sulfur content of the fuel reaching up to 8 percent the environmental performance of the units is excellent allowing to achieve low emission limits without external DeSOx and DeNOx installations. To meet the customer’s specific requirements the design allowed the usage of the local limestone or co-firing of heavy
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The Scientific Name: Cervus elaphus hanglu Where is it found? Hangul or the Kashmir Stag was once available in large number in the Kashmir valley across present day India and Pakistan. The initial surveys done in before 1950s revealed the Hangul population to be more than 5000. But a shocking survey published by E. P. Gee in 1957 revealed that only 400 specimens of the Kashmir Stag is surviving in the region. The species immediately got attention and considered as one of the rarest mammal in Indian
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What is the macro gross anatomy? The macro gross anatomy is the study of organisms with the naked eye. What is the skeletal system? The skeletal system is a very important part of the human body this consists of 206 bones‚ which together with different structures make the joints of the system. Within the skeletal system the structures present are the cartilage‚ bone tissues‚ fibrous connective tissues which form the ligaments of the bones Scanlon and Sanders‚ pp.122‚ 2014). The skeletal system
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Marketing Summary Plan WAGS TO WHISKERS PET SITTING SERVICE EXECUTIVE SUMMARY A service such as Wags to Whiskers Pet Sitting Service is very important to people who own animals. Pets are not merely animals to many people‚ but considered children. Knowing that a pet is being cared for in their own environment is a much sought after relief for many people. Wags to Whiskers offer a variety of services for an owner when it comes to caring for the pet while a person is away from the home. Items
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1. Macro environment External environment is the uncontrollable factors‚ forces‚ situations‚ and events outside the organization that affect its performance and strategies. As shown in below figure‚ the examples of macro environment of an organisation is include factors such as social cultural‚ political and legal‚ globalisation‚ economy‚ demographical and also technology. Detailed definition of macro environment factors mentioned and the description showed as below. Figure 1: Component of
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