predictable‚ and can therefore profoundly affect a company’s course of action.” Only after examine the nature of the marketing environment‚ we can therefore set up appropriate marketing strategies for organisation. Generally‚ the marketing environment can be classified into three levels: the external environment‚ performance environment and internal environment. Organization may have different degree of influence on each level and elements in each level may also have different impact on organization
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English 102-029 May 3‚ 2013 How sport affects society From the earliest chapters of history‚ sports have been part of humanity. This can be proved by the games that were played in Mayan and Egypt civilization. Games such as hockey‚ rugby and football has had what one can call religious following while athletics are characterized by massive celebrations. The importance of sports in the society is gaining increased recognition from both the social and education points of view. Relevant
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explains expenditure side of computing real GDP which can be rewritten as: y = c + i + g +x – m In real terms‚ it could be said that real output (y) is equal to real aggregate expenditure (c + i + g + x – m). The right side of the equation depicts how to determine real GDP by the total income all people within a certain economy. This equation is written as: y = c + s + t If we combine both equations‚ we can rewrite the formula for savings (s) in the following two ways: s = i + (g – t) + (x
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If you were having a conversation with a Keynesian and a Classical economist‚ and the conversation turned to why the economy is experiencing high unemployment and what the government should do about it‚ how would each economist explain unemployment and what policies would each advocate? If I were having a conversation about why the economy is experiencing high unemployment and what the government should do about it‚ with a Keynesian and a Classical economist I think that the economists would explain
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budget line: a) implies that the consumer is not spending all his income. b) yields less utility than any point on the budget line. c) yields less utility than any point inside the budget line. d) is unattainable‚ given the consumer’s income.*** 6. In deciding whether to study for an economics quiz or go to a movie‚ one is confronted by the idea(s) of: a) scarcity and opportunity costs.**8 b) money and real capital. c) complementary economic goals. d) full production. 7. Suppose that a
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the different quantities of two goods that an economy can efficiently produce with limited productive resources. Points along the curve describe the trade-off between the two goods‚ that is‚ the opportunity cost. Opportunity cost here measures how much an additional unit of one good costs in units forgone of the other good. The curve illustrates that increasing production of one good reduces maximum production of the other good as resources are transferred away from the other good. Given:
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Page 1 of 22 © IMM Graduate School of Marketing Good Answer Booklet MAC/ECO101 Page 2 of 22 Note: These answers were written by students under examination conditions. Whist it may be possible to find fault with some of the answers‚ keep in mind that they satisfied the examiners about the student’s knowledge and ability. © IMM Graduate School of Marketing Good Answer Booklet MAC/ECO101 Page 3 of 22 MACROECONOMICS (MAC) ECONOMICS 1 (ECO101) 24 OCTOBER 2012 SECTION A (40 MARKS)
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How Facebook Affects One Academic Performance How Facebook affects one’s academic performance I. INTRODUCTION Facebook are currently being used regularly by millions of people. The use of these networking sites has been widespread that they have not only caught the attention of academic researchers worldwide but also us‚ in particular. Social networking sites are now being investigated by numerous social science researchers and an increasing number of academic commentators are becoming more and
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Service posses several unique characteristics that often have a significant impact on marketing program development. The four distinctive characteristics that greatly affect the design of marketing programs are intangibility‚ inseparability‚ variability and perishability. Intangibility Service cannot be seen‚ tasted‚ felt‚ heard‚ or smelled so it is difficult for clients to tell in advance what they will be getting. For example‚ hotels that promise a good night’s sleep to their guests cannot
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Environmental Scan Paper Steve Pachorek MGT/498 October 8th‚ 2012 George Staight Environmental Scan Paper A business environment is made up of both internal and external factors. The environment of a business must be scanned to be able to determine what factors the company can use to determine the development and forecasts that will help in the success of the business. The definition of Environmental Scanning‚ as per managementstudyguide.com‚ is the “possession and utilization of information
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