period of one year. For example‚ debtor borrowed £100 from the bank for one year; the interest rate of that year is 10%‚ then the debtor has to pay £110 to the bank after one year for using their money‚ the extra £10 is the interest. Moreover‚ the interest rate played an important role of government monetary policy. It can affect a lot of macro economy factors‚ such as the level of consumption and investment‚ inflation‚ exports‚ imports and aggregate demand (Wikipedia http://en.wikipedia.org/wiki/Interest_rate
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environmental factors of Obesity Obesity is one of the most common issues is America today. Over the years the amount of obese people in America has increased greatly. This problem is not only affecting adults‚ but children also. Many people have tried to determine if obesity is caused by environmental factors or natural factors. Obesity is strongly influenced by environmental factors such as poverty‚ housing condition‚ work situation‚ fast-food‚ and sedentary lifestyles. One reason for the
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Micro environmental factors are internal factors close to a business that have a direct impact on its strategy. These factors include: Customers Organisations survive on the basis of meeting “customer needs and wants” and providing benefits for their customers. Failure to do so will result in a failed business strategy. Employees Employing the correct staff and keeping staff motivated is an essential part of an organisation’s strategic planning process. Training and development play
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(Nordstrom Employee‚ 2006). Focusing on this philosophy helped Nordstrom develop a competitive advantage in the shoe market. Due to their success‚ the company opened a new store in 1923. Nordstrom a promising and upcoming departmental store in U.S has shown phenomenal growth in the business of retail chain business. The credit for this would go to the founder and promoter’s philosophy of inverting the pyramid and putting the customer on the top‚ followed by employees and it was the share holders
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The components of any organisations Macro environment must seriously be considered when any decision is to be made. This is called an environmental analysis. They are as follows; Political: With politicians in charge of policy changes and some law changes on must look at policies in place and how they may affect the plan. Marketers must consider how stable the political environment is‚ the influence that politicians can have‚ Government trade agreements and taxations and government rebate policies
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effectiveness of economic policies and management in achieving ecologically sustainable development Ecologically sustainable development refers to maintaining a level of economic growth and quality of life that does not compromise intergenerational equity. The increased importance of this economic objective has been reflected by governments implementing policies to address the issue of resource depletion‚ climate change‚ pollution and environmental degradation. This is because depletion of natural resources
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Becicka Macro Study Guide Chapter 3 1 We have scarce resources so in our choices of consumption we wish to maximize the satisfaction we receive from those choices. The economist terms this maximizing the __utility_________ 2 Since it is unlikely that we can grow our own food‚ sew our own clothes or build our house‚ it would be better if we would __specialize___ in what we do best and __exchange_ for those needs that others do better 3 The term _product market___ is a place where and economic exchange
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Ltd About the Company English Indian Clays Limited (EICL‚ has two key business segments viz Clay Business and Starch Business with strong R&D set-up at all its three manufacturing locations. English Indian Clays Limited was incorporated on 18th November 1963‚ in technical and financial collaboration with English China Clays Limited‚ UK (now known as ECC Group plc‚ UK). The collaboration with ECC ceased in the year 1992. EICL has since been actively engaged in the manufacture and processing of
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THE POLITICAL‚ CULTURAL‚ ECONOMIC AND LEGAL/ADMINISTRATIVE FACTORS AFFECTING THE PROCESS AND STRUCTURE OF MASS MEDIA IN KENYA Mass Media provide an arena of debate and a set of channels for making policies‚ candidates‚ relevant facts and ideas more widely known as well as providing politicians‚ interest groups and agents of government with a means of publicity and influence (McQuail‚ 2005). Politico-economic influences on the media Politico-economic factors that affect media include the idea
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McDonald’s 2 Abstract When it comes to marketing a business domestically and globally‚ a lot of environmental factors come into play. These can involve finances of a foreign country‚ customs‚ culture‚ and trends. McDonald’s has been a worldwide corporate success‚ and much of this success has been due to their marketing decisions. Here‚ we will find out what exactly McDonald’s has done to beat the competition and grow as a company worldwide. McDonald’s 3 Worldwide‚ Ronald
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