Micro economics is a branch of economics which studies individual firms and consumers. The basis of micro economics is supply and demand; how does the market react to changes in supply and demand and inevitably how does it affect price. Microeconomic decisions by both firms and individuals are motivated by cost and benefit considerations. Costs can be either be in terms of financial costs such as average fixed costs and total variable costs or they can be in terms of opportunity costs‚ which consider
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THE MICRO-ENTERPRISE BRIEF As a group we have been given the task of carefully selecting an informal micro-enterprise that operates in Cape Town. From this small business we need to ask a range of questions in order to investigate and identify the opportunities that are available to the business as well as where and how these opportunities could be improved. As a group the business we selected the flower stalls in Trafalgar Place on Adderley Street. This turned out to be a very interesting business
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The analysis of the Mountain High Hotel Complex 1. Introduction The Mountain High Hotel Complex is a big company‚ so creat a customer care culture is very important. Many factors may influence customers’ satisfaction such as orgasation structure‚ communacation management‚ employeers’right and customer aftercare. 2. The Organisational Structure which can enable effective customer care 2.1 Four management levels The Mountain High Hotel Complex has a number of distinct operations like restaurants
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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
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Warner - Lambert Ireland : Niconil Summary Warner-Lambert Ireland is an international pharmaceutical and consumer products company. Its product portfolio includes Dentyne chewing gum‚ Listerine mouth wash and Hall’s cough drops. It was going to launch Niconil in the market. Niconil was a product that would help smokers who wanted to quit smoking. It was an innovative product that that promised to be more effective than other products which were in the market. In 1989‚ 30% of the adults smoked
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This essay will examine three human behavioral issues that have evolved from the social sciences in the context of managing organizations. The case study that will be used to analyze these conditions and theories deals with The Portman Hotel Company-San Francisco. Three issues will be addressed in the following order: fundamental attribution error‚ Expectancy Theory‚ and Operant Conditional Theory. First‚ a brief description will be provided for each theory‚ then how the theories relate to the
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RESPONSIBILITIES HOTEL DIRECTOR The Hotel Director is responsible for all hotel departments onboard and supervises all "hotel" department heads to ensure company standards and procedures are being upheld‚ in an effort to maximize guest service and satisfaction. The Hotel Director oversees crew morale onboard and allocates crew cabins. They are directly involved in the maximization of onboard revenues and will monitor and control expenses and requisitions of all hotel departments. The Hotel Director
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Major Essay “Transformation and the Search for Truth in Hannie Rayson’s Hotel Sorrento.” Consider Rayson’s subtle treatment of the everyday as a means of exploring deeper realities. ‘At the core of this play is a family struggling with loyalty‚ loyalty to each other and loyalty to their own story.’ Dr Tess Brady Hotel Sorrento‚ written by Hannie Rayson‚ is an analysis of human relationships within a family structure. The play encourages an ownership without the need to hide in the belief
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Conflict in Northern Ireland Factors: Causes of Conflict in Northern Ireland • Divided Loyalties • Unequal Allocation of Housing • Unequal Employment Opportunities • Lack of Voting Rights • Lack of Opportunities for Social Interaction (Education & Housing) Divided Loyalties • The difference in political beliefs between the Protestants and Catholics also contributed to the conflict in Northern Ireland. • The Protestants see themselves as British and want Northern Ireland to remain part of the
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banking and related services.” Microfinance is not just about giving micro credit to the poor rather it is an economic development tool whose objective is to assist poor to work their way out of poverty. It covers a wide range of services like credit‚ savings‚ insurance‚ remittance and also non-financial services like training‚ counseling etc. FEATURES: * Borrowers are from the low income group * Loans are of small amount – micro loans * Short duration loans * Loans are offered without collaterals
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