Micro vs. Macro Economics Micro-indiidual consumers/firms Macro-economic aggregates-GDP‚ inflations‚ unemployment Markets-opportunity for exchange 1) Opportunity Costs-value of the next best for gone alternative when a decision is made -all decisions involve an opportunity cost (assuming the firm operates efficiently) 2) Marginal Analysis-analyze situations involving incremental change -marginal: something is changing by a small amount (incremental/one-unit change) 3) Laws of supply and
Premium Supply and demand Consumer theory Economics
Table of Content1.0 Industry Background12.0 Introduction13.0 Impact of Macro environments on Cell Phone Industry13.1 Demographic environment13.2 Economic Environment23.3 Natural Environment23.4 Technological environment34.0 Impact of Micro Environments on the Cell Phone Industry34.1 Suppliers34.2 Marketing intermediaries44.3 Customers44.31 Consumer markets44.4 Competitors55.0 Impact of the Changing Environments on Marketing Mix55.1 Product55.2 Price Variables65.3 Place Variables65.4 Promotion Variables66
Premium Mobile phone
Margaret Meek Spencer’s essay on “Reading” in Keywords for Children’s Literature‚ Spencer provides background on the progression of reading throughout history and how it developed from accountants using it to keep track of trade deals‚ to a fundamental learning skill in schools. Now‚ with access to books that have a wider range of genres than ever before‚ books become an even more important part of a child’s life. As Spencer states: “[Reading] not only extends their linguistic competences‚ their cognitive
Premium Education Reading Knowledge
Macro and Micro environment: How external factor can influence marketing decisions. Introduction While the managers making efforts to take advantages of their competitors on the on the inside business structure such as to cut the cost down by simplifying the staff group‚ the macro and micro factors are escaping detection. Unlike internal environment‚ the macro and micro environments of a business are not changed by the behavior of its own whilst it is hard for most firms to be ready for reaction
Premium Economics Marketing Change
Case Study 1 - Dick Spencer Clinton E Harris Texas A&M University – Commerce February 1‚ 2014 Introduction Dick Spencer has lived the typical American businessman’s success story. A young college graduate is hired into an entry level sales position and establishes himself early on as a highly productive employee. As the years progress‚ Dick’s success has advanced him up the corporate structure to senior leadership. The advancements have come at the price of his first marriage
Premium Management Scientific method Business
grateful for her cooperation during the period of my assignment. Lastly‚ we thank almighty‚ our family and friends for their constant encouragement without which this assignment would not be possible. RAPTORS Introduction Spencers Spencer’s Retail is a chain of retail stores based in Kolkata‚ West Bengal. Spencer’s is based on the ’Food First’ Format (it mainly offers fresh and packaged food). Many outlets though sport multiple formats for retailing food‚ apparel‚ fashion
Premium Retailing Supermarket Department store
I stand before you today‚ the representative of a family in grief‚ in a country in mourning before a world in shock. We are all united not only in our desire to pay our respects to Diana but rather in our need to do so. For such was her extraordinary appeal that the tens of millions of people taking part in this service all over the world via television and radio who never actually met her‚ feel that they‚ too‚ lost someone close to them in the early hours of Sunday morning. It is a more remarkable
Premium Life
The Risk of Macros Based on the Lenning (2005)‚ article and reading from the Microsoft web site a user should accept the primary security that is placed on the user’s computer by Microsoft. The security’s purpose is to protect the computer’s hardware as well as the data saved to the computer. Unknown macros downloaded by the user may cause the Microsoft security system to think it has a virus. The user must be cautious when choosing whether to use a signed or unsigned macro. Many unsigned
Premium Computer virus Password Microsoft Excel
Excel 2007 VBA Macro Programming ® About the Author Richard Shepherd has worked for many years for major banks and corporations in the United Kingdom writing spreadsheet macros to solve specific problems. He has worked for National Grid plc (electricity distribution)‚ Hertz Car Leasing‚ NatWest plc (retail banking)‚ Schroders plc (fund management)‚ BNP Paribas (investment banking)‚ Lloyds TSB plc (corporate banking)‚ The Royal Bank of Scotland plc (investment banking)‚ and the British National
Premium Microsoft Office Microsoft Excel Spreadsheet
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 capacity presently in the country is far in excess of demand) etc. • Environment impact:- The present and future viability of an enterprise is impacted by the environment For eg no TV manufacturer can be expected to survive by making only B&W
Free Economics