The Economic environment is a major consideration for any business. According to Kotler et al. (2010)‚ the economic environment is directly related to factors affecting consumer spending and buying patterns. Marketers need customers with buying power in order for any business to succeed. The most affluent group that have the highest income demand the highest quality products and services‚ they’re also willing to pay for it. However‚ due to the world economic slow-down and recession of 2007‚ has
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International Marketing 560 Economic Environment of Singapore Laura L. Erwin-Hall October 12‚ 2007 "Home to some 4.48 million people (based on the last census in 2005 reported in 2006)‚ Singapore is the fourth most densely populated country in the world and has one of the highest per capita gross domestic products in the world."1 The employment rate is 2.40 million (June 2006)‚ with unemployment at an all-time low at only 2.5 percent. The labor force consists of mainly manufacturing
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A macro environment comprises the external factors that can influence a business. These factors are often out of the control or management ability of a company. Factors typically include economic‚ demographic‚ political‚ and technological forces in business. Business owners and managers often spend copious amount of time and effort to assess the overall economic environment in order to determine the number and strength of each factor. Strategies and performance reviews can help owners and managers
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Disadvantages of Economic Factors of Recycling The environmental factors of recycling are wildly known but little is discussed of the economic factors‚ recycling does provide benefits and adds value to an economy. For example‚ in the United States of America‚ these benefits stem from the jobs‚ products manufactured and sales generated by the recycling industry. National recycling efforts are responsible for maintaining hundreds of thousands of the US every year. The Economic Factors of Recycling
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Outcomes Task 1 & 2 Pass - Describe the influence of two contrasting economic environments on business activities within a selected organisation Task 3 Merit - Analyse the impact of changes in demand and supply on a selected business Distinction - Evaluate to what extent a selected business is likely to be affected by changes in the economic environment The managing director of Spangles Ltd was looking at some UK economic forecasts which had been given to him. His company organises luxury
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Three main factors hinder China’s crusher industry In the promotion of rapid economic development‚ mobile crusher industry has accounted for half of the market and is gradually entering the international level. However‚ in the process of growth and maturity‚ some problems like wide gap and poor quality are slowly prominent and become a fatal bottleneck restricting the development of crusher industry. 1. the quality is unpredictable and the brand is mixed and in disorder Throughout the domestic
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RUBAREMA Minister of State (Livestock) Minister of State (Agriculture) Minister of State (Agriculture) Permanent Secretary BACKGROUND Within the framework of the National Development Plan (NDP)‚ the Ministry is implementing an agriculture sector Development Strategy and Investment Plan (DSIP)‚ 2010/11-2014/15. The development objectives of the DSIP are to increase incomes and livelihoods of rural households and to improve household food and nutrition security. The priority areas of investment in
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“Sustainable development (SD) is maintaining a delicate balance between the human need to improve lifestyles and feeling of well-being on one hand‚ and preserving natural resources and ecosystems‚ on which we and future generations depend” (Authorstream‚ 2010‚ p 1: ¶ 1). In concurrence‚ the World Commission on Environment and Development (WCED) asserts that SD is‚ “development that meets the needs of the present without compromising the ability of future generations to meet their own needs” (Authorstream
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Macro-economic factors: There are a lot of macro environmental factors that affect Telfin performance though emphasize has been given on the important factors. Economic factors like current and anticipated economic growth‚ interest rate‚ inflation‚ cost of labor‚ disposable income and distribution of income etc collectively comprise economic environment. Current and projected economic conditions: In recent years Pakistan’s economic figures were indicating very impressive and promising consequences
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FACTORS AFFECTING SUSTAINABLE WOMEN EDUCATION IN NIGERIA BY IHEANYI N. OKWAKPAM Department of Adult and Continuing Education‚ Faculty of Education‚ University of Calabar‚ Cross River State‚ Nigeria. Email:iokwakpam@yahoo.com Abstract This paper attempts to establish the factors that affect sustainable women education in Nigeria. The paper found out that non-participation of women in education programmes was as a result of some limiting factors and proffers solutions to such. Introduction It is
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