There are several economic considerations that must be evaluated and addressed prior to expanding into Kava. Nik’s team must properly analyze each issue and provide alternatives as well as propose contingencies in case an alternative fails or is no longer feasible. Some of the issues that will need to be considered include; * Economic growth opportunities * Current and future interest rates * Exchange rates * Inflation, market and trade cycles Due to the nature of the organization, developing a solid plan for addressing each economic factor associated with bank expansion is vital to the survival of the venture and will determine if future branches can be supported. Social Factors Due to the large disparity between the numbers of adults versus the number of children, evaluating the social factors involved with the bank’s expansion and how those factors will affect the bank’s ability to sustain a branch on this island is the most important part of the analysis process. Social factors that will need to be considered include; * Population growth rate * Demographics * Ethnic and religious factors * Advertising and publicity * Age distribution and career emphasis * Attitudes and opinions of the
Voodoo Anyone? Christopher Warden breaks down economics into a fool proof explanation, and uses terms references which a dummy could understand. As I read this informative book I gathered an understanding for the way in which our economy works, as well as the unseen ways in which our government handles the issues that affect our everyday life. In the first chapter, the author discusses what prices are the difference between the price of things, and the cost of things. He breaks down what the stores charge us in order to sell the product at a price we will pay, so the store can still make a profit on the item.
There are many views on the role of education in relation to the needs of the economy. Education is there to help in the supply of young people into the workforce however there are different sociological theories have different approaches as to how this is done and the role that education plays in the needs of economy. Some sociologists argue that education is set out to ensure that class is reproduced and that education is there to support the needs of a Capitalist economy. Whereas other sociologists would argue that education is there as an effective role allocation system providing the workforce with suitable workers. Functionalists believe that the role of education should be there to help sustain the support the growth of the economy
The ECO 561 business proposal focuses mainly on making the students understand that business proposal refers to identifying and understanding the needs of the customers and the market even before the product is manufactured. The questions are strategically framed to bring out the major theme of the topic. The questions are much broader in scope to cover all the necessary challenges or perspective required to be given excess consideration when operating in the market. For example, the difference between the four types of market – monopolistic, oligopoly, pure monopoly, and perfect competition may be small concepts, but essential that should be primarily known to the students of economics. In addition, the ECO 561 final business proposal is beneficial for the students to learn the application of the numerous economic concepts framed by the constitution with the help of sufficient practical examples.
Technological change can also affect the internal working arrangements - machinery leads to redundancies, new training may be needed etc. (Internet shopping and self-scan checkouts) Outsourcing production to cheaper countries. Skills requirements - Assessing the skills of the current workforce is an essential part of human resources planning as it enables a business to build up a profile of the training, experience and qualifications that employees already have. This is very important whether the business is capital intensive or labour intensive. As the nature and type of work changes within an organisation, so do the skills requirements.
EGT 1 Task 2: Elasticity Jeffery S. Short #0257373 Element A: The world of business exists because of the consumer. Business owners are concerned if customers will purchase the goods they offer and how they will react to the constant changes that occur in the marketplace. If a business owner can estimate how consumers will react to product offerings or the changes to those products, then they can offer better services while maintaining profitability. Economists study the many variables involved in the marketplace by observing how consumers react to changes in products, pricing, supply and demand in an effort to classify or codify trends. They then develop calculations to categorize these consumer patterns, and then use them as tools to provide insight into consumer reactions and possible future buying patterns.
Financial Analysis A company’s strengths and weaknesses are better understood by their financial statements such as Income Statement, Cash Flow statement, and Balance sheet. As Financial consultants, our goal is to help CanGo understand their financial statements and where CanGo needs to improve to gain the competitive edge in the market. Every company needs to understand their own financials before analyzing the market or industry. After analyzing CanGo’s efficiency ratios, we found them to be very un-attractive for investors. For example, CanGo has a very high receivables turnover rate.
ECO/372 Learning Team Aggregate Demand and Supply Models The Keynesian economists would look at the current proposal of increasing taxes as a governmental expression of the intermediate approach to the economy. The government taking control and having the people pay the price for their higher tax bracket. These funds would be used to decrease the amount of money owed by the United States. The effects of the economy would be absorbed and educated responses would be to lessen those impacts. To increase their taxes would be appropriate and this would be stream lining taxes at a time when the economy needs a boost.
In continuing my study of economics, I believe that I will attain a set of skills that will add to my marketability in the workforce. My interest in both micro and macroeconomics has proven to be challenging, as the discipline is diverse with varying perspectives and real-world cultural applications. However, the constant global changes and thought-provoking nature are the key reasons for my pursuit of a degree in the
Although both sides have a reasonable argument, democratizing the Fed would be a beneficial idea. This way the American people would have their own input into who is controlling the bank of America. We are facing such a tough financial situation today and it is in the best interest of the American people to have a say in who is choosing what's best for the