many decisions: Who will work? What goods and how many of them should be produced? What resources should be used in production? At what price should the goods be sold? © 2008 Cengage Learning 2 8/5/2013 TEN PRINCIPLES OF ECONOMICS • Society and Scarce Resources: • The management of society’s resources is important because resources are scarce. • Scarcity. . . means that society has limited resources and therefore cannot produce all the goods and services people wish to have. © 2008
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MACRO AND MICRO FACTORS AFFECTING THE STEEL INDUSTRY (TATA STEEL) The world GDP‚ as reported by International Monetary Fund‚ was on an upturn‚ growing by 5% in 2010 as compared to a negative growth of 0.5% in 2009. While the growth in the advanced economies was 3.0% in 2010‚in contrast to -3.4% in 2009‚ the emerging and developing economies grew by 7.3% in 2010 when compared to the growth of 2.7% in 2009. The growth in the developing and emerging economies slowed down during the end of 2010
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purely competitive industry affect resource flows and long‐run profits and losses? LO3 Answer: Entry and exit help to improve resource allocation. Firms that exit an industry due to low profits release their resources to be used more profitably in other industries. Firms that enter an industry chasing higher profits bring with them resources that were less profitably used in other industries. Both processes increase allocative efficiency. In the long run‚ the market price of a product will equal the
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Chapter 3—Understanding markets‚ market demand and the marketing environment Marketing information system (MIS) consists of people‚ equipment‚ and procedures to gather‚ sort‚ analyze‚ evaluate and distribute information to people that make marketing decisions. Internal records are handled by sales representative and other staff included in the selling and shipping process. Marketing intelligence system is set of procedures and sources used by managers to obtain everyday information about developments
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Ramil Urbano BEED2 Nanny McPhee Summary: In vivid blue‚ green‚ and pink Victorian England‚ widowed undertaker Cedric Brown will lose his household and seven children unless he marries within the month. Great-Aunt Lady Adelaide Stitch will withdraw their monthly allowance. The children (Simon‚ Tora‚ Lily‚ Eric‚ Sebastian‚ Chrissy and baby Aggie) view his lack of time for them anymore as lack of love. They frightened the latest of many nannies in record speed‚ and terrorize frizzy red-haired
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Contents Executive Summary 3 1. Introduction 4 2. Situational Analysis 5 2.1 Environmental Trend and Development Analysis 5 2.2 SWOT of London Biscuit Berhad Promotional Activities 6 3. Current Market Positioning 7 4. Competitive Analysis 8 4.1 The Competitors 8 4.2 Competitors’ Strengths and Weaknesses 9 4.3 Competitive Trends 9 5. Behavioral Sequence Model 10 5.1 Target Audience 11 5.2 Segmentation Approach 12 6. Current Marketing Mix Analysis 13 7. Marketing Objectives
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María biscuit. A Marie is sweet biscuit similar to a Rich Tea. It is made with wheat flour‚ sugar‚ vegetable oil and‚ unlike the Rich Tea biscuit‚ vanilla flavoring. The biscuit is round and has its name engraved into its top surface. The edges of the top surface are also engraved with an intricate design. While the Rich Tea biscuit is the most popular version of this biscuit in the United Kingdom‚ it is the Marie version that is most popular in most other countries‚ particularly Portugal‚ México
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ensure that organization’s human resource needs are fulfilled by ensuring that the right people with the correct skills are available when required. Shortly‚ HRP is essentially focus on matching the individual and the needs of the organization to gaining a competitive advantage in marketplace. HRP is important because the HR plan affects all HR activities and acts as the strategic link between organizational and HRM objectives (Stone 2002). It can reduce the human resources cost by helping management
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Market Size and growth rate: Market size of the industry is 40 billon and the industry has been growing at the rate 20% during the period 2000-08. The industry is currently in the rapid growth and takeoff phase since many innovations are coming up and the industry is being attracted by many big corporate to enter in. Number of rivals: The industry is divided into two sub segments: routine tests and specialised tests. In routine test segment‚ the industry is fragmented into many small companies
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identify the internal and external monitoring environment that affects its business. Internal Factors: Strengths • • • • • Weakness • • • High Absenteeism among workers resulting in low and fluctuating productivity 50% utilization capacity (Under utilization of resources) Closure of sister business (Candy Sale) Running business on ethical lines Popular brand – ‘MKG’ Participative Decision Making High Production Capacity Ploughing back surplus External Factors: Opportunities • Contracts with APL and
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