Natural Environment Subway restaurant is the restaurant that sells the most largest submarine sandwich chain and have more than 37‚000 franchise in all around the world are on a running to make their restaurant to operations as environmentally and socially responsible as possible to aim to improve the health of the earth in the same time. Last few years‚ subway started to switch their products and business practices that use less energy and resources‚ and generate less waste. By the process‚
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What is the difference between micro and macroeconomics? Give an example of a microeconomic phenomenon and an example of a macroeconomic one. Micro and macroeconomics describe the same concept of economics at different levels hence they are intertwined ideas. Microeconomics is concerned with individuals in the economy like households‚ workers and business (Taylor & Greenlaw‚ 2016). It concentrates on how business establishes prices‚ how it is affected by taxes and it explains the concept of demand
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Resources: 1. The Workforce Strengths – Subway restaurants operate out of over 36‚000 locations in 99 different countries. Subway is an equal opportunity employer‚ where every employee can be assured that they will be treated with respect and not be discriminated or harassed for any reason. They continuously provide employees with training and encouragement through teamwork‚ against shared goals and benchmarks and to be accountable for their actions. Weaknesses – Many subway employees are younger generations
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UNIT 3 Microeconomics MULTIPLE-CHOICE SAMPLE QUESTIONS Sample Multiple-Choice Questions Circletheletterofeachcorrectanswer. 1. True statements about the theory of the firm in the short run and long run include which of the following? I. All input costs are fixed in the short run. II. All input costs are variable in the long run. III. At least one input price is fixed in the short run. (A) I only (B) II only (C) III only (D) I and II only (E) II and III only 3. Whichofthefollowingstatementsabouta
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Between microeconomics and macroeconomics. Identify each of the following topics as being part of microeconomics or macroeconomics‚ and state your reason why: 20 Marks (2 Marks each) a. the impact of an increase in consumer income on the purchase of luxury automobiles Answer to A. Microeconomics because it looks at economic problems faced by individual within the overall economy. b. the effect of a change in the price of Coke on the purchase of Pepsi Answer to B. Microeconomics because
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Reading: Microeconomics of Customer Relationships Reading: Microeconomics of Customer Relationships The follow is a critique and review of the reading of Microeconomic of Customer Relationships by Fred Reichheld. I will review the article and evaluate Mr. Reachheld. I will also apply economic theories into why and how I came to my conclusions. Overview on the Reading Microeconomic of Customer Relationships by Fred Reichheld is based on a simple survey based customer-relationship metric
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Essential Graphs for Microeconomics Basic Economic Concepts ( Production Possibilities Curve Nature & Functions of Product Markets ( Demand and Supply: Market clearing equilibrium (Floors and Ceilings (Consumer and Producer Surplus (Effect of Taxes Theory of the Firm (Short Run Cost (Long Run Cost
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(i) Collusion is common among oligopoly firms. Discuss the factors that make collusion likely to succeed. Use the relevant industry to support your answer. Oligopolistic firms are known to be independent as there are only a few sellers dominating the market; therefore changes in the price‚ sales or output of a firm will surely affect their competitors. The telecommunication industry in Malaysia exhibits the oligopoly market. For instance‚ Maxis or Digi customers are more likely to subscribe to Celcom
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Subway is an American fast food restaurant franchise that primarily sells submarine sandwiches (subs) and salads. It is owned and operated by Doctor ’s Associates‚ Inc. Subway is one of the fastest growing franchises in the world with 40‚229 restaurants in 102 countries and territories as of 11 September 2013.[1] It is the largest single-brand restaurant chain and the largest restaurant operator globally.[3][4][5] Subway ’s main operations office is in Milford‚ Connecticut; five regional centers
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Subway’s Promotional Methods Subway‚ the largest franchise in the world‚ uses various promotion methods. Subway uses mass selling as their primary way of advertising. Since the target market is large and scattered over 98 countries‚ this is the easiest way for Subway to target their products. They announce their promotions using TV ads‚ radio ads‚ newspapers‚ and online ads. Subway also uses publicity as a form of advertising. Jared Fogle‚ Billy Blanks‚ and Michael Phelps are all great examples
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