or preserve what the company has built over the years. The purpose of this paper will be to review what economic indicators that the automotive industry uses and includes an in-depth analysis on how team C’s forecast will affect the industry. Then go on to give an evaluation of the effect of past and current fiscal policies‚ monetary policies‚ budget deficits‚ or surpluses on the economy and the auto industry. Followed by a few final recommendations and strategic initiatives of what team C would
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The final step of industry and competitive analysis is to use the answers to the previous six questions to draw conclusions about the relative attractiveness or unattractiveness of the industry‚ both near-term and long-term. Company strategists are obligated to assess the industry outlook carefully‚ deciding whether industry and competitive conditions present an attractive business opportunity for the company or whether the company’s growth and profit prospects are gloomy. The important factors on
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Using a suitable diagram‚ predict what is likely to happen to efficiency hen a competitive industry is monopolised? The normal answer is likely to arrive at the conclusion that under monopoly the industry will produce a lower output at a higher price as compared to perfect competition. This will result in a loss of technical/productive and allocative efficiency. Good candidates might also comment on the loss of consumer welfare and sovereignty. The candidate who‚ in addition‚ comments on the possibility
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non-essential luxury goods or services are paid very highly. The wage rate is not the economic value of a good or service‚ but more to social factors or fashion. The economic theory of wages is‚ therefore‚ of little use in explaining wage differentials. Assess this argument. Intro: Labor market supply and demand‚ wage determination‚ wage differentials general‚ ECONOMIC THEORY OF WAGES P1: production of luxury goods vs. other normal/inferior/Giffen/Veblen goods. Demand for this good influenced by
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Hospitality Research (eJournal by Emerald Insight) Hospitality is the defining feature of India and Indians. In the era where national boundaries are fading fuelled by rapid movement of culture‚ capital and knowledge across borders‚ hospitality industry has emerged as one of the largest employers in the world. It is second only to the oil industry‚ in terms of turnover and exchange of foreign currency. The Indian hospitality industry is growing at a rate of 6% and is expected to reach INR 230 billion
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What are the Characteristics of International Trade? International trade takes place basically due to geographical specialisation. Every country specialises in the production of goods and services in which it has a specific advantage. For example‚ India has specific advantage in the production of jute and tea. Therefore‚ India exports these commodities to U.K. India imports steel from U.K. which U.K. can produce at a lower cost than India. 2. International competition: Producers from many
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What is a good life? In today’s world‚ humans are often misled on what really is a good life. We are constantly shown through the television and magazines that being rich and famous is the way to go when it comes to a good life‚ when in truth many of them are miserable by problems that usually wouldn’t affect the common person. In truth there are only a few that are rich and famous and do achieve what can probably considered one of the greatest achievement’s by a man which is having a good life
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Introduction This paper aims to analyze the common-sized balance sheets and ratios of 12 companies in order to identify their respective industries (Please refer to the Appendix for an overview of the financial data). The balance sheets of the 12 companies are analyzed in four steps‚ as shown in the following table. Step Industry Common Characteristics Companies 1 Service Almost no inventories Inventory turnover negligible Major passenger airline Regional bank Temporary office
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What is the "Good Life"? There are many different interpretations of what the "good life" truly is. Individualists believe that the "good life" is pleasing oneself; while utilitarians believe that the "good life" is acting for the good of the rest of society and others. Philosophers also have their own interpretations. One philosopher that has his own interpretation is Plato in the Symposium. Plato portrays to the philosopher ’s "good life" when he uses the phrase "my greatest pleasure." The choice
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“War‚ what is it good for? Absolutely nothing. War‚ I despise because it means destruction of innocent lives. War means tears to thousands of mothers’ eyes; when their sons go to fight and lose their lives. War is an enemy to all mankind‚ the reasons of war blows my mind. War has caused unrest in my generation‚ who wants to die? War has shattered many young man’s dreams‚ made him disabled‚ bitter and mean. Life is much too precious to spend fighting wars these days. War can’t give life; it can
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