success factor for the service companies. Service is close conceptual as well as empirical link to customer satisfaction turned it into the core marketing instrument‚ making it the most researched area in services marketing (Fisk et al.‚ 1995; Bolton et al.‚ 2000). In addition‚ the accumulated research has linked positively the service with profitability (Fornell‚ 1992). It is very important to retain the customer. But‚ nowadays‚ the service provider needs to identify other factors that lead
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Macro Environment The larger societal forces that affect the microenvironment- demographic‚ economic‚natural‚ technological‚ political‚ and cultural forces. These factors represent constraints within which all organizations including the automobile industry must function. Macro Environment For any decision there is n number of factors which influences the decision. Be it a decision related to any organisation‚ any business concern or even an individual. Thus it is per se very much necessary
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is an important factor for the farmer. The farmers decisions about where to allocate his/her resources make up the specific “farming system” that he/she has developed to maximize use of land and labor taking into account the biological‚ spatial and seasonal characteristics of agriculture. Thus‚ the factors that influence resource allocation and cropping choices are the biological‚ spatial‚ and seasonal factors that negatively affect levels of output on the farm. Biological factors include pests‚ diseases
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Executive SummaryThe macro-environment consists of larger societal forces that affect entire micro-environment. The six forces making up the company’s macro-environment include demographic‚ economic‚ natural‚ technological‚ political/legal‚ and social-cultural forces. Companies must constantly watch and adapt to the marketing environment in order to seek opportunities and ward off threats. “The marketing environment comprises all the actors and forces influencing the company’s ability to transact
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who quits a job in order to search for a better job would be classified as frictionally unemployed‚ but in certain situations depending on the status of the employer‚ this person could seem to have become cyclically unemployed. Unemployment is an economic problem because of the concept of opportunity cost. The GDP gap is the difference between what the economy could produce at its potential GDP and what it is producing. The consequence of a negative GDP gap is that what is not
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8/5/2013 PowerPoint® Lecture Presentation to accompany Principles of Economics‚ An Asian Edition N. Gregory Mankiw | Euston Quah | Peter Wilson © 2008 Cengage Learning 1 TEN PRINCIPLES OF ECONOMICS © 2008 Cengage Learning 1 8/5/2013 Economy. . . . . . The word economy comes from a Greek word for “one who manages a household.” © 2008 Cengage Learning TEN PRINCIPLES OF ECONOMICS A household and an economy face many decisions: Who will work? What goods and how many
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Business and its Environment Dr. Racz Matron and Dr. Márta Szabados August 25‚ 2009. Factors influencing the multinationals and local companies for the market position. INTRODUCTION Couple of years before the policy maker decided to lower down the tariff barriers and to give permission for foreign investment. Multinational companies have
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This assignment will assess the factors behind the economic success of Japan. These factors will be assessed through units of time throughout the Japanese history and how these factors of success have also contributed to the economic difficulties that Japan has faced over time. We will start with a brief introduction to Japan as a nation‚ its cultural practices to language and arts. We will then progress onto discuss the economic success and difficulties that Japan has faced over time Japan is
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https://docs.google.com/document/d/1mB_7Hr3jfMiTmld3gn8SXrgl7PM5iHRonYr8mFQ956I/edit AP Macro Module 1 AP Macroeconomics 1.03 1. a) If I go to the beach‚ the opportunity cost is that I will not be prepared for the exam; likewise‚ if I study for the exam‚ the opportunity cost is that I will not be having fun at the beach. b) If I get a job after high school‚ the opportunity cost is that I will miss out on a college education; likewise‚ if I go to college‚ the opportunity
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SUPPLY OF COAL. True False 4. THE LAW OF SUPPLY SUGGESTS THAT THE ELIMINATION OF AN EFFECTIVE PRICE CEILING ON APARTMENT RENTAL RATES WILL INCREASE THE NUMBER OF APARTMENTS AVAILABLE. True False IN ORDER TO OBTAIN A SUPPLY SCHEDULE‚ ALL RELEVANT FACTORS OTHER THAN PRICE AND QUANTITY SUPPLIED MUST BE HELD CONSTANT. True False [1 pts.] 5. [1 pts.] PRICE 6. THE MARKETMARKETIS THE PRICE AT WHICH THE CLEARS ITSELF OF BOTH THE SURPLUSES AND SHORTAGES. True False What kind of good is x if price
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