1) FIRM OBJECTIVES: The standard economic assumption underlying the analysis of firms is profit maximization. Real world firms‚ however‚ might not‚ and many times do not‚ make decisions based on the profit-maximization objective‚ or at least exclusively on the profit-maximization objective. Other objectives include: (1) sales maximization‚ (2) pursuit of personal welfare‚ and (3) pursuit of social welfare. Although firms are assumed to make decisions that increase profit in standard economic
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Apple’s Approach to Mobile Payments: A Marketing Management Analysis The Wall Street Journal technology article titled “Inside Apple ’s Go-Slow Approach to Mobile Payments‚” by Jessica Vascellaro‚ describes the well known Apple Inc.’s comparatively slower reasons on approach to designing an application or comparable hardware device for making mobile-payment transactions. Jessica Vascellaro‚ author of this article‚ is a senior technology reporter for the Wall Street Journal‚ who “since joining the
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performed on smartphones. Mobile internet usage is taking over desktop usage everyday. Any small business that is going to ignore this is putting the growth of their company at risk. One obvious business advantage of making the business more mobile is that it allows the business to keep going no matter where you may be at.” A study by the Small Business and Entrepreneurship Council found that business owners estimate they save 291 hours of their own time each year using mobile technology. That’s an extra
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What are some of the motivations for virus programmers? 1: Anger issues There are those who‚ for whatever reason‚ just do destructive things for the sake of their destructiveness. They may be malicious narcissists‚ psychopaths‚ or just so self-centered in their impression that the whole world is against them that they will blindly lash out at anyone and everyone when they get the chance. They might think they’re misunderstood and want to communicate with the world by harming it in some way 2:
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Attorney Jessica Gauvin From: Paralegal Veronica Decker Re: Security Protocols in the Law Office Date: 04-26-2014 Attorney Gauvin‚ The information that you requested in regards to the ethical rules about what is permissible to include in the website for the law firm. The law firm website must include the jurisdiction (state) in which s/he is licensed to practice. If the attorney fails to do so s/he has violated the ethical Rules 5.5: Unauthorized Practice of Law; Multijurisdictional Practice
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What are the advantages and disadvantages of mobile phones Mobile phones are one of the greatest inventions of the twentieth century that has changed our way of living. Those handy tools have both positive and negative impact on us. Firstly‚ the most important advantage of mobile phones is that they allow us to communicate with our friends and family whenever we want and wherever we are. What is more‚ they can help us in case of emergency. For instance‚ if there is a car accident‚ you can easily
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Behaviourist theory is a type of teaching approach that can be used by a teacher within a classroom in the form of rote learning. This will be discussed throughout this essay with the benefits and drawbacks. I will briefly discuss reinforcement as a behaviourist approach too. Behaviourism is the idea that everyone responds to a stimulus. Pritchard believed that behaviourism is based on the idea that learning is a change in behaviour and that changes in behaviour occur as a response to a stimulus
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What are the Objectives of Marketing? Marketing Management is an amalgamation of all the functions and actions which are necessary to provide optimal customer service to ensure customer satisfaction and loyalty. Thus‚ the prime focus of marketing management is to achieve the objectives of the business which is to earn profits by ensuring that the customer’s prerogative of high quality product and superior customer service is met. The following are some of the objectives of Marketing. 1. Identify
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Line: Marketing & Firm Performance” Leslie M. Fine‚ author of “The Bottom Line: Marketing & Firm Performance‚” analyzes how marketing relates to how well the firm does overall. A majority of the article is focused on how customer relations’ impact firm performance and can affect shareholder wealth. Firms improving customer equity and reducing the firm’s cash needs‚ will influence the net present value of the firm. Within recent years‚ there has been an increase in the awareness that firms should
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Short Essay on Coase’s article: “The Nature of the Firm” Coase’s article “The Nature of the Firm” provides a set of answers to important questions such as “Why do firms exist?” “What characterizes firms?” and “What determines their scale and scope?” According to Coase‚ a firm has to find the most cheap‚ most productive goods and services by establishing contracts in an open‚ efficient market place. However‚ market places are not that pure to let firms to succeed in their needs; they are not fluid. This
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