The role of economic science in global business The term "science" reminds us of the most mathematics and everything connected with it. For some reasons this is quite right‚ but economics is a science which deals with the rational use of all resources available to human. This applies not only money‚ but other resources as well. Economics consists of two main divisions - microeconomics and macroeconomics. Quite often some economists also treat as a division the International Economic Relationship
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compete. In his model firms compete with prices rather than Cornots quantities. (REFERENCE TO SPANISH JOURNAL) The model consists of two firms who set prices simultaneously and independently (HUGH GRAVIELLE AND AY REES‚ MICROECONOMICES)‚ jean tiral explains this as when one firm sets its price it is ignorant to its rival’s price‚ rather it “anticipates” what they will charge. It is assumed products are homogeneous and perfect substitutes (ECCSTRAT) and due to the nature of the product the firm supplying
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1* Your age 16-21 21-26 26-31 31-36 36 1nd above 2* Your occupation 3* Your income 25k-50k 50k-1lac 1lac-1.5lac 1.5lac-2lac 2 lac and above 4* Which media gets your attention? print radio television word of mouth 5* how does an advertisement affect you? recall positive impression interest desire to purchase/explore 6* which form of ad creates a greater impact on you? just the printed words words with sound words with a visual a moving
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influence on economic activity‚ as they basically are economic activity. Without leakages and injections there would be no circular flow‚ without which the economy would run as it does now. The government also plays a major role in the running of the economy as it has a great influence over what goes in and out of the circular flow by the way of taxation‚ imports and exports. The five-sector circular flow of income model is a theoretical way for economists to describe certain features of economic activity
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Acquisitions Business Purchase Share Purchase Buyback Merger / Demerger Capital Reduction Amalgamation Financial restructuring/ Enhancing stake/repatriatio n Consolidation of businesses / entities Demerger Slump Sale / Itemised Sale Focus on core business /sell off non core business Page 3 Focus on inorganic growth /strategic or non strategic investments Enhancing stake/repatriatio n Focus on core business /hiveoff of non core business /monetize
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THE IMPLICATIONS OF CULTURAL PROTECTIONISM “A STUDY OF THE NIGERIAN TELEVISION BROADCAST INDUSTRY” Establishing the Global Context MBA 502 April 18‚ 2014 Submitted By: “We have read the Student Academic Code of Conduct and this assignment complies with the Code.” 1. INTRODUCTION Government imposes import barriers when they see that local industry is threatened by imports. Considering the increasing transition toward globalization‚ how far can the local industry be protected? This will
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Entrepreneurship is important in business and essential for economic growth. Those aspects of factors have been highlighted and proved by different schools. There are some debates about the impact on entrepreneurs’ personal character and their operating environment. Both of them are important and have deep influences on their behaviours. I personally consider that the environment in which entrepreneur operate have more important influence on them. In following‚ I will discuss both two aspects and
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Discussion of the Key Findings and the Implication for Marketing for the GYM Table 1 reason for visiting | Frequency | Percent % | Valid Percent | Cumulative Percent | Relaxation | 9 | 10 | 10.0 | 10.0 | Fitness | 31 | 34 | 34.4 | 44.4 | Loss weight | 33 | 36 | 36.7 | 81.1 | Build strength | 17 | 18 | 18.9 | 100.0 | Total | 90 | 100 | 100 | | Table 1 showing the result the question reason of visiting the gym The participant were asked the reason for visiting the gym and
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Butterfield v. Forrester Factual Situation: 1809‚ Butterfield‚ plaintiff was riding and struck an a pole placed in the road by Forrester‚ defendant‚ at approximately 8 PM; sued for damages Witness testified that pole was visible at 100 yards with light at that time‚ and that Butterfield was riding recklessly Trial court: jury instructed that if an individual riding with reasonable care could have avoided the pole and that Butterfield was not riding with care‚ Forester should win Trial Court
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the implication of business cycles on fiscal and monetary policy. Answer: Business Cycle: Market economies have regular fluctuations in the level of economic activity which we call the business cycle. In other words‚ the business cycle is the periodic but irregular up-and-down movements in economic activity‚ measured by fluctuations in real GDP and other macroeconomic variables. A business cycle is identified as a sequence of four phases: 1. Contraction (A slowdown in the pace of economic activity)
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