MICRO AND MACRO MARKETING ENVIRONMENT Introduction Micro marketing Refers to the internal controllable factors or forces which affects the ability of a company to serve its customers. e.g. the organization‚ the market‚ the suppliers‚ market intermediaries and the marketing mix. The micro marketing environment that surrounds organisations can be complex by nature‚ however the company has an element of control over how it operates within this environment. Macro marketing Refers to the external
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demand and supply on tax incidence; 9. Realise how supply and demand analysis can be applied to understand real-world phenomena. Key Concepts • Demand (PR pp.23-25‚ The Demand Curve) The demand for student rooms in the specified market is a schedule that gives you‚ for each possible price (monthly rent)‚ the quantity demanded (the number of student rooms rented). Note that all other variables than monthly rent (such as the students’ income‚ their tastes for living in student rooms
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Opportunity cost of an activity (or goods) is equal to the best next alternative foregone. Although opportunity cost can be hard to quantify‚ the effect of opportunity cost is universal and very real on the individual level. In fact‚ this principle applies to all decisions‚ not just economic ones. Since the work of the Austrian economist Friedrich von Wieser‚ opportunity cost has been seen as the foundation of the marginal theory of value[citation needed]. Opportunity cost is one way to measure
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Parle Products Ltd. manufactures‚ markets‚ and sells biscuits and confectioneries. It offers glucose‚ milk‚ sweet and salted cream‚ wafer crème‚ cumin seed‚ and cheese biscuits; toffees and hard-boiled candies in chocolate‚ mint‚ cola‚ and tropical fruit flavors; and snacks‚ including chips and wafers. The company sells its products to customers in India‚ the Middle East‚ Africa‚ South East Asia‚ the United States‚ the United Kingdom‚ Canada‚ Australia‚ New Zealand‚ and internationally. Parle Products
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Therefore‚ today’s business environment is characterized by rapid and continual change and this is one of the main factors that affect the organization success and failure. An organization can only perform effectively though interaction with the boarder environment of which it is part. The structure and function of the organization must reflect the nature of environment in which it is operating. (Mullin‚ 2002) So that‚ the performance of the organization in changing environment is heavily rely on how
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Macro And Micro Economics Micro Economics:- Microeconomics is a branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households. It is concerned with the interaction between individual buyers and sellers and the factors that influence the choices made by buyers and sellers. In particular‚ microeconomics focuses on patterns of supply and demand and the determination of price and output in individual
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Factors affecting the role that the relationships between biotic and abiotic factors contribute to the relationship between foliage and ground coverBy Effie LucasIntroduction:A functioning ecosystem is totally reliant on the way in which factors such as biotic and abiotic interrelate and create a balance of living and non-living. Biotic factors are those features of the environments of organisms arising from the activities of the other living organisms‚ relating to‚ produced by‚ or caused by living
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Price War between Airasia and Malaysia Airlines The purpose of the analysis is to evaluate the supply and demand of two main air line operators in Malaysia‚ which is Airasia and Malaysia Airlines by determines the price and quantity and change in the market of Airasia and Malaysia Airlines. Airasia is a leading airline company in providing low cost airline services while Malaysia Airlines is more towards providing high quality airline services. In the past time‚ the demand of Malaysia Airlines is higher
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UNIVERISTATEA POLITEHNICA BUCURESTI DEPARTAMENTUL DE MANAGEMENT MANAGEMENTUL SI INGINERIA AFACERII Titular curs: Prof.dr.ing.Anca-Alexandra Purcarea Cursant: Bucur Ioana Cristina Bucuresti 2007 1. Prezentarea organizatiei 1.1. Istoricul firmei DANTE INTERNATIONAL SRL a fost infiintata de trei asociati‚ Radu Apostolescu‚ Bogdan Vlad si Dan Teodorescu si inscrisa in Registrul Comertului in august
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The Role of Banks and Capital Markets in resource allocation between surplus and deficit units in an economy. By: Adetokunbo Olu. Aofolaju Introduction The issue of how scarce societal resource should be apportioned to different uses has always remained the central focus of economics. Given that the wants of a society are insatiable‚ the policy thrust of managers of any economy is establishing an appropriate framework for ensuring the deployment of resources to areas of needs that ultimately increases
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