Table of Content Table of Content 1 TASK 1 2 a) Explanation on economics system attempt to allocate resources effectively. 2 b) Assessment on the impact of fiscal and monetary policy on business organisation and their activities. 9 c) Explain Malaysian competition policy and other regulation that may impact company. 15 TASK 2 17 a) Explanation on how market structures determine pricing and output decision of business. 17 b) Illustration on the way in which market forces shape organisational responses
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======Technology has its benefits and drawbacks. Technology opens the doors to a number of resources available at a person’s disposal‚ but if not used correctly could lead to someone’s downfall. Technology is a powerful tool that should be used with care and caution. Any see technology as a way to send people into the 21st century‚ but if people are not prepared for it they can end up weak and hurt themselves due to the use of technology. ======Technology can have its disadvantages on how people
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What do you think is the best strategy for existing businesses to adopt in response to the entry of a new large competitor? Justify your answer with reference to the UK bottled water market and/or other markets that you know. Almost all business operates in competition with other businesses‚ whether this is Sainsbury’s competing with Asda for customers at a local‚ national and international level or two local hairdressers competing for clients in a single town. Competition is usually between firms
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1. What features distinguish international from domestic transactions? There are several differences between international transactions and domestic transactions ‚ such as exchange policies ‚commercial policies ‚different domestic policies ‚statistical data ‚relative immobility of productive factors ‚marketing considerations and so on. First‚ exchange rate ‚an exchange rate is the price of one currency in terms of another ‚it is used to translate values from one currency to another .International
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Benefits from using the Internet What is the Internet? The Internet is the mechanism or matrix that connects networks around the world to each other and is generally referred to as the World Wide Web. Since the conception of the Internet‚ those who are not afraid to learn or try something new have benefited greatly in many ways. Businesses as well as individuals reap the benefits from using the Internet on a daily basis. Since the invention of IP‚ or in other words‚ Internet Protocol (Microsoft)
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There is no such thing as a free gift. Evaluate this statement. In western society we are led to believe that gift giving is distinct from market exchange. This originates from western economic theory that is based on the perception that societies evolve from ‘sharing’ archaic societies to market economies‚ that are based on theories of supply and demand. However‚ through the history of anthropological thought we can determine that this distinction is a false dichotomy. According to the Oxford English
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2.1 and 2.2 How you plan to collect data on customers‚ competitors and the market environment and why you think this will be useful. How do you propose to use this market research to understand the behaviour of customers‚ competitors and the market environment? Market research is a crucial factor to do for any organisation in order to make their business successful. In the case of STUDENTAL‚ it is a new product from Sainsbury’s. Therefore‚ Sainsbury’s have to do all the market research on customers
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WHAT FIELD OF STUDY WILL YOU PURSUE AND WHY HAVE YOU CHOSEN THIS AREA AND CAREER PATH? The world today is faced with enormous energy challenges in all ramifications. The ability to proffer solutions to these problems makes us a veritable tool in the society and it depends solely on the amount of information we have per time. Since childhood‚ the studies of science and basic engineering have interested me profoundly. I had passion for repairing simple devices‚ knowing their content and how they
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VIDEO CASE 1 . Is Peet’s market monopolistic or an oligopoly? An oligopoly 2. What are some ways that Peet’s Coffee & Tea tries to differentiate its product offering? Offering free samples and educating their customers about their products. The Peetniks Program. 3. What consumer needs is Peet’s satisfying? The need to feel a part of special group. The need to feel like an informed consumer. KEY TERMS free enterprise - an economic system with few restrictions on business ownership
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What Do Marketers Do? Introduction to Marketing Consumers are continually faced with an array of products‚ services and offers in their daily lives. For this reason‚ the need for marketers has become more crucial for businesses across the globe if they intend to survive in this competitive day and age. But what exactly does this role entail? This essay will aim to briefly touch on the key aspects that manifest this diverse occupation by examining firstly their involvement in market research‚ implementing
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