Meaning and Definition: According to Professor J.M Culbertson‚ “macroeconomic theory is a theory of income‚ employment‚ prices and money”. According to P.A. Samuelson‚ “macroeconomics is a study of the behavior of the economy as a whole. It examines the overall level of a nations output‚ employment‚ prices and foreign trade”. Nature‚ Scope and importance of Macroeconomics As a method of economic analysis macroeconomics is of much theoretical and practical importance. 1. To understand the
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Procter & Gamble General Description Business Description (a) Procter and Gamble (P&G) is a corporation committed to the simple idea of improving the lives of the world’s consumers every day. P&G grows by touching and improving more consumers’ lives in more parts of the world. The company’s products extend and distribute to 180 countries around the world. Product Line P&G products exist to assist and relieve workload for consumers in three main aspects of everyday life. They have classified
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Definition of ’Macroeconomics’ The term Macro has been taken from the Latin word Macros which means big. The field of economics that studies the behavior of the aggregate economy. Macroeconomics examines economy-wide phenomena such as changes in unemployment‚ national income‚ rate of growth‚ gross domestic product‚ inflation and price levels. Macroeconomics Concerns Production Prices Income Employment National Production/Output Total Industrial Output Gross Domestic Product Growth of Output
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Instructor Guo Ji Public email bnuwec@gmail.com‚ PIN interbusiness Contact Information guoji@bnu.edu.cn Course Prerequisites Micro and Macro Course Description This course is an introduction to international business with an emphasis on the contemporary issues of China. The basic content of the course includes (1) an overview of the means of conducting international business‚ with an emphasis on what makes international different from domestic (2) the effects of the social systems within countries
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What Is Macro Environment? The major external and uncontrollable factors that influence an organization’s decision making‚ and affect its performance strategies. These factor includes the economic factors; demographics; legal; political‚ and social conditions; technological changes; and natural forces. Macro environment factors are beyond the control of an organization. This is because those factors are positioned outside the organizational system. Those forces are the prime factors in corporate
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Procter & Gamble‚ Inc. Scope LATAR BELAKANG Procter & Gamble (P&G) adalah sebuah perusahaan consumer goods yang paling sukses di dunia. Pada tahun 1990 P&G menghasilkan keuntungan sekitar $1.6 milyar‚ dimana Canada memberi kontribusi sebesar $1.4 milyar. Para eksekutif P&G telah memberikan attribut untuk kesuksesan perusahaan dengan beberapa faktor termasuk diantaranya adalah kemampuan untuk membangun produk yang benar-benar inovatif untuk memenuhi kebutuhan konsumen. P&G Canada mempunyai
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Macro environment is the external and uncontrollable factors that influence a company’s or product’s development. Billabong must know the value of each of the macro environment factors; such as‚ economic‚ demographics ‚ and lifestyle‚ technology and natural forces. Before companies‚ or in our case Billabong‚ produce a new products‚ they should study each macro environment force carefully. Each force have its effects on the market. Economic forces affect the consumer buying power and spending
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so that the organization can predict trends. The Macro Environment There are a number of common approaches for how the external factors‚ which describe the macro environment‚ can be identified and examined. These factors indirectly affect the organization but cannot be controlled by it. One approach is the PEST analysis. The PEST analysis is a political‚ economic‚ social‚ and technological analysis that describes the framework of macro-environmental factors used in the environmental scanning
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Braden Anderson October 15‚ 2008 Macro-Evolution The theory of macro-evolution is one of the most debated topics in modern day society. Macro-evolution is the changing of one species to another‚ and the Big Bang Theory is tied in with it. Theories such as man evolves from apes and the universe coming from a large explosion‚ called the Big Bang‚ have been debated against creationists who believe in creation from a supernatural being. Evolution‚ I believe‚ is false because it lacks
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Good morning everyone‚ today I’m going to talk about road accident. And the title of my speech is “Don’t gamble with life”. Road accident is a global tragedy with ever-rising trend. In Malaysia‚ road accidents represent a major public health problem‚ because of the high number of victims and the seriousness of consequences. Based on the statistic from Road Safety Department Malaysia‚ there were 397‚330 cases of traffic accident happened in the year 2009. That means there are around 1000 cases are
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