Essays on Microeconomics Page 9

Exercise1:Identify three key features of the selling construct. Answer:The concern should pay attending to these five constructs ; they are production. merchandise. merchandising. selling and social selling. Markets are the set of existent and possible purchasers of a merchandise. A successful selling should give clients the right merchandise. at the right monetary value. available in…

“Analysis is the critical starting point of strategic thinking” – Kenichi Ohmae. What variables interfere so often with our ability to start the analysis aspect of strategic thinking? How important is the analysis? What techniques have you employed or seen successfully employed that may help provide the opportunity to start the analysis? Strategic thinking is…

1.What information is needed to make judgments of whether or not to launch Climp Bay’s Easy Close trash bags? Internal information: the budget of the company, the assumed revenue of this new product, the target marketing. External and customer information: the economic situation, the potential volume of trash bag market, the awareness of the brand,…

Money as a medium of exchange is an item that buyers give to sellers when they want to purchase goods or services. An example of how I use money as a medium of exchange is simple. Every week when I do my grocery shopping, I give the cashier money, whether it is in the form…

Founded in 1989, Natureview Farm, Inc. is a small yogurt manufacturer. The current management team consists of, Barry Landers, CEO, Jim Wagner, CFO, Christine Walker, VP of marketing, Walter Bellini, VP of sales, Jack Gottlieb, VP of operations, and Kelly Riley, assistant marketing director. In 1997, Natureview received equity from a venture capital firm to…

International strategy is important because business is a big factor that affects our world today. Thus business among countries or nations is capable of strategy hence international strategy. With the development of each country and the fast changing of technology, companies are bound into promoting and/or developing strategies. These strategies are more than of a…

The price of wheat is $2. 00 per bushel and the price of barley $ 0. 80. Show the benefits to Fred from specialization. What should he specialize in? The 125 bushels of barley because even though it’s cheaper there are more of a supply and more people will by the cheaper product. He will…

The opportunity cost refers to the forgone opportunity to earn profit from another alternative. It represents what we give up in order to pursue a certain option. If I choose to attend the Bruce Springiness concert instead of the UH concert, my opportunity cost would be $20, as the IIS concert is my next best…

Week 4: Discussion 1 How does activity-based costing differ from the traditional costing approach? When would it give more accurate costs than traditional costing systems? * Activity based costing (ABC) is a method for assigning costs to products, services, projects, tasks, or acquisitions, based on the activities that go into them and the resources consumed…

When individuals make decisions in their daily lives, they often need to sacrifice something because resources are limited. Economists call this sacrifice “opportunity cost.” Additionally, individuals studying economics often encounter a common obstacle – comprehending the relationship between market prices and quantity in response to shifts in demand or supply. This report aims to investigate…