choice and using macro environments factors only‚ comment on the validity of this statement.(25) INTRODUCTION Lancaster (2011) defines the macro environment as ’those global elements over which the organization has no control over but which affect the organization’s ability to serve its customers profitably.’ There are six major macro environment forces: cultural‚ demographic‚ economic‚ natural‚ political‚ and technological. The cultural environment includes institutions and other forces that affect
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a) The price of natural gas‚ a resource used by manufacturers throughout the United States‚ doubles. Price increases because‚ the companies that sell the spiral notebooks need to mark up their price in order to keep afloat with the rising cost of natural gas. Demand is not affected. The determinant for demand on the TRIBE chart in this scenario would be related goods and services‚ since the price for a good that is used to produce spiral notebooks is increasing‚ thus leading to an increase in the
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present. Social stratification exists because social structure in the society is very important – they reflect the ability of certain people to access the resources in the society. For instance‚ dominant groups are privileged with great power‚ and high social status; however‚ minority groups are singled out for unequal treatment‚ and are subject to collective discrimination. This pattern of unequal access to resources in the society thus gives rise to social inequality. In the United States‚ the four
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UNITED STATES ECONOMIC SITUATION: The US has the largest and most technologically powerful economy in the world‚ with a per capita GDP of $49‚800. In this market-oriented economy‚ private individuals and business firms make most of the decisions‚ and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand
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Social Inequality and Minorities in the United States In this course I have learned about many different kinds of social problems in societies around the world and in the United States‚ such as poverty‚ social inequality‚ race and cultural discrimination‚ gender stratification‚ environmental damage‚ population growth‚ and urbanization. I chose my final essay to be on Social Inequality and Minorities in the United States. For me this subject raises many points of our daily life and brings us to
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expand the availability of credit cards so that people need to hold less cash. If the central bank does not respond to this event‚ what will happen to the price level? Use a diagram to assist in answering this question. 2. Use the loanable funds model to explain what happens to interest rates and investment if a government moves from a balanced budget position to a budget surplus. 3. Suppose that the T-account for The Open Campus National Bank (OCNB) is as follows: Assets Reserves
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Social stratification implies the divisions of people into different societal classes leading to either an advantaged or disadvantaged group. Numerous factors contribute to social stratification. According to Feder (2014)‚ social stratification refers to a pattern of social integration in which people are placed in a hierarchy of various social levels. This hierarchy places individuals in different statuses of wealth within a civilization. The social strata that are witnessed in society are due
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Macro Assignment Table of Contents 1. Introduction………………………………………………...3 2. Summaries……………………………………………….....3 3. Macro environment factors………………………………....4 4. Industry involved……………………………………….......5 5. Impact of the factors………………………………………..5 6. Conclusion………………………………………………….6 1.0 Introduction The purpose of this report is to demonstrate an understanding of the marketing macro environment. The proposed research question was: Identify the macro
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Micro Economics:- Microeconomics is a branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households. It is concerned with the interaction between individual buyers and sellers and the factors that influence the choices made by buyers and sellers. In particular‚ microeconomics focuses on patterns of supply and demand and the determination of price and output in individual markets (e.g. coffee
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Social inequality in any society is a multi-faceted and complex issue. This is especially true in the United States‚ which possesses a large and diverse population. Some aspects of the social inequality we experience can fall under the umbrella of "survival of the fittest". For instance‚ competition over the best jobs‚ which in turn lead to more money and enhanced social status would appear to be a clear case of "survival of the fittest". But under closer examination‚ the playing field for this competition
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