com/locate/econbase Efficient black markets? Carl Davidson a‚b ‚ Lawrence Martin a ‚ John Douglas Wilson a‚⁎ a Department of Economics‚ Marshall-Adams Hall‚ Michigan State University‚ East Lansing‚ MI 48824‚ United States b GEP‚ University of Nottingham‚ United Kingdom Received 17 May 2005; received in revised form 9 October 2006; accepted 23 October 2006 Available online 3 February 2007 Abstract This paper investigates analytically the welfare effects of black-market activities that firms undertake
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Question 2: In what way can China’s ‘socialist market economy’ be regarded as successful and to what extent is it not achieving its promise? China is much more than just a mere country. It has been through many ups and downs and exciting changes in the Chinese society‚ from changes of dynasties to establishing a name under the ‘7 wonders of the world’ with its creation of the ‘Great Wall of China’. Its heritage and history for the past thousands of years have made China of what it is today. Hence
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“Cheap-chic” is a business model where inexpensive merchandise is marketed as stylish. It emphasizes style and design to distinguish oneself from competitors. (4) This allows for high levels of profit because these merchandise sell at low prices but have an expensive feel to them. Great examples of such a concept include: Target‚ Trader Joe’s‚ and Ikea. (1) As a loyal and regular customer to Target‚ I have found myself attracted to Target’s sales and aesthetic appeal. While Target and Walmart fall
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Here‚ we are going to discuss the development of a Japanese restaurant as relates to producing a business plan for this to the company also securing as being leveled. Japanese restaurants tend to be relatively immune from negative changes in the economy and the moderate pricing point to associate with these big businesses. As such‚ the high margins generated by the business‚ coupled with the large amount of tangible assets associated with the business values businesses to remain possible despite negative
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“Caution is warranted when using PE ration to value stocks”.There are two main reasons: PE Ratio cannot show the value of stock comprehesively In some cases‚ there will be a fall or up of share prices because of some market fears about the economy even the company still has a stable situation.Sometimes‚ when there is economic crisis all over the world‚ there will be a fall in stocks price and value investor will buy the stocks in a large amount.Focusing on the PE ratio is a good way to make
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10 rules for a successful business call Business calls: Voice and mood are more important than words. Learn how to improve your communication skills on the phone. Phone calls are a simple part of everyday business life: just pick up the telephone‚ dial a number‚ and talk. And the good thing is: your conversation partner can’t see you‚ so you can do other things like responding to emails or cleaning up your desk during the phone call. After all only your words are important‚ right? Wrong! According
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When someone wants to have a better life they probably have to go to college to get a better job to make more money. There are many things need in college to succeed and not fail in college. Students need to have basic computer skills to even take some classes and they also have to use many programs in their classes. Because of this having a netbook is essential to getting everything done and being able to turn it in on time. The best thing to bring with the laptop is a mouse because their touchpads
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The Whole Foods business model is completely dedicated to McGregor’s Theory Y (Kreitner‚ 2013). The entire route to market system relies on a conscious capitalism culture of shareholders‚ employees‚ and leaders that are committed to the heroic higher calling to “try to change the world‚” (Kreitner‚ 2013). Whole Foods believes that creating that culture will result in higher service levels‚ making happier customers that will drive continual growth. Whole Foods looks within and starts at the employee
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LVMH and Luxury Goods Marketing 1. Bernaud Arnault has built LVMH into a luxury goods empire by making numerous acquisitions. What strategy is evident here? LVMH or more specifically Bernaud Arnault wants luxury items to appeal to everyone‚ not just the wealthy and elite as in the past. The major issue in doing this is to keep the core luxury consumers‚ which means still keeping the product exclusive or exclusive feeling‚ while making the product available to a larger market. LVMH has used licensing
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the poor people. So we shouldn’t give them an accusing look. They are the victims. Poverty has been created by the economic and social system that we have designed for the world. It is the institutions that we have built‚ and feel so proud of‚ which created poverty. It is the concepts we developed to understand the reality around us‚ made us see things wrongly. The essence of my argument…is that in order to reduce‚ and ultimately
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