Discuss the factors causing a shift in the demand and supply of a specific commodity. In economics‚ Demand refers to the quantity of a goods or services that consumers are willing and able to buy at a given price in a given time period. The law of demand stipulates that there is an inverse relationship between the price of a good and the quantity demanded‚ that is to say‚ if the price of‚ say‚ good X rises‚ it will decrease the quantity demanded of good X and the price of the good falls‚ this
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0Lecture 3: Marketing Environment Scanning of the Marketing Environment – Opportunities or threats? Environmental Forces—Firms must monitor six major forces in the broad environment: Demographic Political-Legal Economic Technological Socio-Cultural Natural 1. Demographic Environment The main demographic force that marketers monitor is population because people make up markets. Marketers are keenly interested in the: Size and growth rate of populations in cities‚ regions‚ and nations. Age distribution
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child’s mind and a healthy mental development. Also children that move country are cognitively halted due to the fact that they have to ‘catch up’ with new languages and culture. As children enter the later stages of their childhood‚ many differing factors can be identified about how they were raised or just by assessing their attitude‚ actions and abilities. Some children are more interested in getting a university degree‚ while others are still immature and don’t have any idea of what they want to
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different levels (Kim‚ 1988). In this essay‚ we will argue that the globalization of formula feeding‚ the promotion of bottle feeding through media‚ health systems and policies‚ societal pressures and health problems all serve as physical and social factors that reduce breastfeeding practices worldwide. To begin with‚ the global spreading of the phenomenon of formula feeding‚ greatly promulgated by the interests of commercial industries has widely contributed to the decrease rates of breastfeeding
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Return to top I am thinking about getting pregnant. How can I take care of myself? You should start taking care of yourself before you start trying to get pregnant. This is called preconception health. It means knowing how health conditions and risk factors could affect you or your unborn baby if you become pregnant. For example‚ some foods‚ habits‚ and medicines can harm your baby — even before he or she is conceived. Some health problems also can affect pregnancy. Talk to your doctor before pregnancy
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CHAPTER ONE 1.0 Introduction 1.1 Background Considering how important it is these days‚ it is impossible to imagine life without the internet. However commercial activity on the internet is not as old as most users may believe. The internet was developed over 34 years ago as a project in the United States Department of Defense Advance Research Project Agency (DARPA).The original aim of this project was to investigate the possibility of connecting several computers together to communicate
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café and coffee industry‚ there a myriad of factors that needs to be taken into consideration in order for a new entrant to survive in the already crowded market‚ including large coffeehouse chains such as Starbucks and Costa. To increase survivability‚ a new entrant must take into account‚ the perspective of internal and external environments towards starting a coffee shop/café business. Using PESTEL analysis and Porter’s 5 Forces to evaluate the external environment‚ considerations for the achievement
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The Strategic Importance of Effective Employee Relations Today there is a new importance to build a competitive advantage through an organization’s human resources by focusing on achieving the strategic benefits of “employee engagement”. Keeping employees motivated and engaged in goals of the organization. The most important part of employee engagement is ensuring they are treated fairly‚ ethically and legally. Research has shown employees are sensitive to the treatment they receive from employers
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FACTORS AFFECTING ATTRITION AND STRATEGIES OF RETENTION Why Do People leave Jobs? There are various factors that affect an individual’s decision to leave a job. While an employee’s leaving the job is considered attrition by one organization‚ it is looked at as talent acquisition by the new organization and to the individual it means a career move‚ economic growth and enhanced quality of life/convenience or closeness to family etc. Hence‚ what is a problem for one may be an opportunity for another
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Analysis of external factors: ..................................................................................................... 3 Neutralizing External Factors .................................................................................................................... 6 Conclusion ................................................................................................................................................. 6 2 Introduction: There are many factors that affect
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