GDP Calculation (expenditure approach) Consumption(C): –The spending by households on goods and services‚ with the exception of purchases of new housing. •Investment (I): –The spending on capital equipment‚ inventories and structures‚ including household purchases of new housing. •Government purchases (G): –The spending on goods and services by local‚ state and federal governments. –Does notinclude transfer payments because they are not made in exchange for currently produced goods
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CHEMISTRY ISU: REFINEMENT OF CRUDE OIL My ISU will focus on Petroleum‚ a complex mixture of hydrocarbons that occurs in the Earth in liquid‚ gaseous‚ or solid forms. The term is usually restricted to the liquid form‚ commonly called crude oil‚ but as a technical term it also includes natural gas and the viscous or solid form known as bitumen. In its liquid and gaseous states‚ it is also known as Oil‚ or Crude Oil. Italicized are segments from my ISU or introductions to the planned topics.
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Analysis of the British Petroleum (BP ) industry environment 2007 Page : 1 Introduction BP Petroleum operates in different countries . It faces many threats according to Porter ’s Five Forces Model . The threats according to Porter comes from suppliers bargaining power ‚ buyers bargaining power ‚ threat of substitutes ‚ threat of new entrants in the market and threat of competition . These forces vary in its power and depend in different time periods for the same industry and the significant
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One Westlake Park in the Energy Corridor area of Houston‚ Texas; the company is among the largest private sector energy corporations in the world‚ and one of the six leaders. In order to project social responsibility and improve its image British Petroleum changed its name into BP in year 2000 with a logo of green and yellow sunflower patterns. Paradoxically the same company symbol is now under derision and the object of controversial attacks from environmentalists and damaging court cases. The company’s
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Introduction This is a report on the findings of the analytic research on the problem of slow growth of Obsidian petroleum Company. It shows the investigations that were made about the slow growth of the company and the methods that were proposed to handle the problem. The proposed courses of action include Swot-Analysis and quality management and rewarding. These alternatives were evaluated under many criteria; effectiveness‚ creating awareness‚ desirability‚ credibility and responsiveness.
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L. Cox The Price Is Unfair! A Conceptual Framework of Price Fairness Perceptions Recent news coverage on pricing portrays the importance of price fairness. This article conceptually integrates the theoretical foundations of fairness perceptions and summarizes empirical findings on price fairness. The authors identify research issues and gaps in existing knowledge on buyers’ perceptions of price fairness. The article concludes with guidelines for managerial practice. he issue of price fairness has
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Financial Statement Analysis: Occidental Petroleum Corporation University of Texas of the Permian Basin I. Introduction a. Major issues/problems facing the firm b. Objective of paper c. Summary of findings II. Firm‚ Industry‚ and environment a. Description of the firm and its management Occidental Petroleum Corporation is a Delaware corporation. Its businesses consist of three segments: oil and gas‚ chemical‚ & midstream‚ marketing and other subsidiaries.
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The importance of price in the modern economic system not be overemphasized. However‚ to set the right price for any commodity or service‚ some parameters or determinants come to play. Among the determinants of factoring price are:- • Tender • Sales by Auction • Haggling etc‚ and these are discussed below. 1. Interaction of the forces of Demand and Supply:- In a perfectly competitive market or what is sometimes referred to as a free market economy‚ prices are determined by
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Introduction to price discrimination In our study of the theory of the firm we have assumed so far that a business charges a single price for its products‚ naturally the reality is different! Most businesses charge different prices to different groups of consumers for the same good or service. Businesses could make more money if they treated everyone as individuals and charged them the price they are willing to pay. But doing this involves a cost‚ so they have to find the right pricing strategy
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MAXIMUM PRICE REGULATION | | | Nguyen Thi Xuan Quynh - 1001584Nguyen Thi Kim Chau - 1001587 | | 24 November 2010 | | | INTRODUCTION There are various types of government policy using only the tools of supply and demand. Price control is one of the tools that policymakers usually apply when the market price of a good or service is unfair to buyers or sellers. In this case‚ the government will intervene to reduce the market’s failure. Economic Intervention has two kinds:
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