How inflation affects the functions of money? Inflation alludes to a sustained general rise in the prices of goods and services. In other words‚ it means a rise in the level of cost of living. Money is anything that is generally acceptable by the society for the exchange of goods and services. There are different functions of money such as: To act as a medium of exchange –Money is used to trade in goods and services both internally and externally. In this way money eases the exchange of goods within
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How shoplifting affects prices in the store Do you hate the high prices in the store? It is because of all of the shoplifting that happens on a daily bases. Prices keep going up every year in stores. Part of the reason is shoplifting There are three main forms that affect us. The first thing is that the prices have increased in recent years due to the stores having to cover the cost of shoplifting. The second one is that shoplifting effects the entire community in many different ways. The third
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•Proposal for Artemis Sportswear Company for cutting operational expenses to increase profit margins; some ideas. As a business‚ Artemis can cut down the operational costs by down-sizing the labor force so the company can compete with other sportswear companies. There are two ways a company can down-size the labor costs‚ one of these is down-scaling the direct labor‚ and the other one would be to relocate the labor and obtain cheaper labor force. Reduce Employee Costs. Outsource any jobs where
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effect those who aren’t sport fans? The NBA lockout is starting to have a big negative effect on the economy. One way the economy is affected by the NBA lockout is the tax dollars the economy lost from the NBA. This has a really strong impact on the economy because with these tax dollars being deducted the money that was distributed to the economy is now gone. Therefor the company the government provides money for will decrease its revenue‚ and eventually have to cut back on jobs to balance out
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decades the United States has increased its use of outsourcing as a means to positively impact the economy‚ due to the apparent economic benefit this action has on the bottom-line for companies. In general‚ outsourcing is the movement of business operations and process to any location based outside the home country. The practice of outsourcing was introduced due to the perceived notion that it positively impacts the economy‚ saves money for companies‚ opens up opportunities for greater entrepreneurship
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How Advertising Affects Our Society Advertising has been stereotypically known as an exploitation of unsuspecting consumers and was created to promote products‚ ideas‚ and events. Advertising does have positive and negative effects on our society‚ but it allows any individual to protect everyone’s freedom to enjoy their own freedom of choice. Advertising has had some strong‚ everlasting effects which changed how society view certain subjects
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behavioral economics‚ and anthropology‚ to develop a theoretical framework for the analysis of the behavior of consumers. It is very convenient and up-to-date to use information and telecommunication technologies for communication among individuals what improves the information flow within an organization and outside. At the same time there are a lot of challenges for all involved parts – industry and society. These challenges are principally related to adoption of the technologies in the country
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Joint-Stock Company: A joint-stock company is a business entity which is owned by shareholders. Each shareholder owns the portion of the company in proportion to his or her ownership of the company’s shares (certificates of ownership). This allows for the unequal ownership of a business with some shareholders owning a larger proportion of a company than others. Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern corporate
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Contract breaches have wide ranging consequences both legal and practical to the parties to the contract. This article will address the various effects that contract breaches will have on businesses. Some of them are set out below:- (a) Injury to reputation - It is not good for a business’ reputation if word gets out that they have not honored their part of the contract. Other companies will be reluctant to do business with an entity which has previously defaulted on other contracts‚ especially
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It is unknown how this will affect healthcare in the nations‚ because most of the population in these areas is far to poor to afford health insurance‚ much less medications such as insulin needed to properly treat the
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