3.2 Internal growth strategies refer to the growth within the organization by using internal resources. It focuses on developing new products‚ increasing efficiency‚ hiring the right people and better marketing. Should Vodacom want to expand into Africa to sustain profitability it can use its can consider its internal growth Vodacom can now then focus on what it already had this includes the quality it gives to their customers this including its latest development of LTE which is fourth generation
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Principles of Economics chapters 1. Ten Principles of Economics 2. Thinking Like an Economist 3. Interdependence and the Gains from Trade 4. The Market Forces of Supply and Demand 5. Elasticity and Applications 6. Supply‚ Demand‚ and Government Policies 7. Consumers‚ Producers and the Efficiency of Markets 8. Application: The Costs of Taxation 9. Application: International Trade 10. Externalities 11. Goods and Common Resources 12. The Tax System 13. The Costs of Production 14. The Competitive
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. THE ECONOMIC PROBLEM AND ECONOMIC SYSTEMS The economic activity of a society consists of activities related to the production and consumption of goods and services. Since earliest times‚ the primary function of organized society has been economic in nature. The other elements of civilized society -- architecture‚ literature‚ music‚ etc. -- emerge only after the material needs of the society have been amply provided for. Poor societies do not build great pyramids‚ erect magnificent cathedrals‚ or
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Managerial Economics & Business Strategy Chapter 3 Quantitative Demand Analysis Michael R. Baye‚ Managerial Economics and Business Strategy‚ 6e. ©The McGraw-Hill Companies‚ Inc.‚ 2008 The Elasticity Concept • How responsive is variable “G” to a change in variable “S” EG ‚ S % ΔG = % ΔS If EG‚S > 0‚ then S and G are directly related. If EG‚S < 0‚ then S and G are inversely related. If EG‚S = 0‚ then S and G are unrelated. Michael R. Baye‚ Managerial Economics and Business Strategy
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Managerial Economics : Definition‚ Nature‚ Scope Managerial economics is a discipline which deals with the application of economic theory to business management. It deals with the use of economic concepts and principles of business decision making. Formerly it was known as “Business Economics” but the term has now been discarded in favour of Managerial Economics. Managerial Economics may be defined as the study of economic theories‚ logic and methodology which are generally applied to seek solution
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InterContinental hotels A large company such as InterContinental Hotels Group is interested in finding out more about the factors that influence people buying hotel weekend breaks. Relating your answer to this example‚ review the different personal‚ psychological and social influences that might impact on someone seeking to make this kind of purchase. Review questions: 1) Name the types of buying behavior consumers use. List some products that you have bought using each type of behavior. 2)
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Herzberg Frederick Herzberg (1923-) had close links with Maslow and believed in a two-factor theory of motivation. He argued that there were certain factors that a business could introduce that would directly motivate employees to work harder (Motivators). However there were also factors that would de-motivate an employee if not present but would not in themselves actually motivate employees to work harder. McGregor McGregor’s X-Y theory is a salutary and simple reminder of the natural rules for
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Question 1: Discuss the following questions. Shareholders elect a board of directors to elect (i.e.‚ hire)‚ direct‚ and monitor the top executives of the firm‚ with the intent of having the firm managed in a way that is beneficial to the shareholders. Why is it then that we sometimes see unfortunate examples of executives bilking investors (e.g.‚ Enron‚ Worldcom‚ Tyco‚ and Adelphia)? Do changes need to be made in the way that shareholders control the firm’s top executives? Shareholders have the
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Do you enjoy drinking a warm cup of coffee in the morning? You probably do‚ just like many other people. I’m not much of a coffee drinker myself. I prefer tea. Although for those of you who love drinking coffee on a regular basis‚ you probably would prefer drinking fair trade coffee‚ especially as it ensures fair working conditions and wages for coffee farmers from developing countries. Here are 10 major fair trade coffee labels‚ as well as a description of each. Many of them are organic coffees
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Introduction to Managerial Economics Managerial economics (sometimes referred to as business economics) is a branch of economics that applies microeconomic analysis to decision methods of businesses or other management units. As such‚ it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such as regression analysis and correlation‚ Lagrangian calculus (linear). If there is a unifying theme that runs through most of managerial economics it is the attempt
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