Supply and Demand Simulation Tamara Ray Eco 365 February 25, 2013 John Ilokwu Supply and Demand Simulation This assignment uses the Supply and Demand simulation on the student forum. The simulation is made up of several scenarios that present shifts in the supply and demand curves, including a reason for each shift. Following each scenario is an analysis of how the shift affects equilibrium and business decisions. Microeconomic and macroeconomic concepts and their applicability to the scenarios are also explained. Using the information from the simulation, one can appreciate how important sound business decisions are the key to success.
ASSIGNMENT: Using your current work organization (or an organization of interest) and a second organization in the same industry as the subject matter, research the elements of business, compare and contrast the two selected organizations, and prepare an APA formatted paper that: Analyzes the basic legal, social, and economic environment in which the organizations operate Analyzes the managerial, operational, and financial issues impacting the organizations including: Company Culture and Performance Promotion Policies Strategic Decisions Making Decision-Making Style Management Style Leadership Style Communication Style Use of SWOT Tool Operations Strategy Framework Analyzes the impact of potential change factors as they relate to the functions of management for both organizations including: Changing External Conditions Analyzing Businesses NAME COLLEGE ABSTRACT Comparing two businesses can be a difficult challenge when looking at their elements. Finding things the businesses have in common can make the task easier, for example Best Buy and HHGregg are similar companies that sell similar products. When analyzing the two companies it can be seen that they are both very similar in the way they operate and do business. Analyzing Businesses Best Buy and HHGregg are both specialty stores that offer customers appliances, entertainment, home office items, electronics, and other services. Best Buy operates both domestically and internationally, however HHGregg is only domestically.
How People Make Economic Decisions University Of Phoenix ECO212/ Principles of Economics February 8, 2012 How People Make Economic Decisions People can make economic decisions if and when they follow four decision making principles. Groups of people can interact with each other as they set out their lives. The four decision making principles are: people respond to incentive, people facing tradeoffs, and the price of something is what you provide up for it and balanced people believe in the bottom line. People act in responses to incentive when some behavior changes the cost and change the benefits. Because now a day’s people make decisions on how much it cost and not the incentives it would have in their life.
Firstly, some underlying theories will be explained, and then the framework of industry level factors, which are the properties of the two different industries, the core competences, and the life cycle stages in which the companies are is used to explain the gap. In the third part, three financial statements will be analysed to examine the items and some adjustments which would impact the figures of company’s book value and market value will be talked. Background Usually, the degree of difference between book value and market value varies in industries. Company’s value can be displayed in two different ways, namely, book value and market value. Book value determines a company’s value by using the figures in balance sheet.
Explain why change happens in a business environment. You should include at least three reasons in your answer. An impact of external and internal factors implements respectively reactive and proactive changes in a business environment. In the area of change management it is indicated by the PEST acronym which summarises the four main influences causing changes. • Political • Economical • Social • Technology ”The PEST analysis is a useful tool for understanding market growth or decline, and as such the position, potential and direction for a business.
To answer this one must analyse the causes for the changes required and how the implementation of these changes can affect the performance of the organisation and the challenges faced during the change period. A structured approach to this can be formulated by the What, Why and How of managing the people side of change. For this, one can consider the PEST analysis method i.e Political, Economic, Socio-culture and Technological factors that cause organisational change. In the given case study, Plasticast faced only the economical, socio-culture and a few internal factors which needed the immediate attention. In the economical factor, Plasticast faced the following reasons: a.
Unit 1: Business Environment ASSESSMENT: 1 ASSESSOR: MR.RAZA SUBMITTED BY: BMM TAMJID OXF 0081 TABLE OF CONTENT page LO1: 1.1 Identify the purposes of different types of organization 1.2 Describe the extent to which an organization meets the objectives of different stakeholders 1.3 Explain the responsibilities of an organization and strategies employed to meet them LO2: 2.1 Explain how economic systems attempt to allocate resources effectively 2.2 Assess the impact of fiscal and monetary policy on business organizations and their activities 2.3 evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization. LO3: 3.1 Explain how market structures determine the pricing and output decisions of businesses 3.2 Illustrate the way in which market forces shape organizational responses using a range of examples 3.3 Judge how the business and cultural environments shape the behaviour of a selected organization. LO4: 4.1 Discuss the significance of international trade to UK business organizations 4.2 Analyze the impact of global factors on UK business organizations 4.3 Evaluate the impact of policies of the European Union on UK business organizations. UNIT: 1 INTRODUCTION: The term Business Environment is composed of two words ‘Business’ and ‘Environment’. In simple terms, the state in which a person remains busy is known as Business.
TUI University Tedrick Holmes Module 3 Case 1 Variance Analysis and Performance Evaluation 2 ACC 201 8/3/2011 Introduction In order to understand this case then we must first understand the difference between variable and fixed costs. Variable costs are the costs of labor, material or overhead that change according to the change in the volume of production units. Fixed costs are defined as a cost that does not vary depending on production or sales levels, such as rent, property tax, insurance, or interest expense. As we look at the Pappadeaux case we will discuss how these differences between these two costs can directly affect a business. Analyze and evaluate the case of the Pappadeaux I think that in this case, Harry was unfair in his assessment of Gregory’s performance.
Qualitative and Quantitative Studies in Special Education Jeanantry Henderson RES/351 August 16, 2014 Darron Williams Introduction This research paper will compare and contrast qualitative and quantitative designs. The strengths and weaknesses of the designs will be outlined. How the designs can be used most effectively in a combined approach. Last, the method that is used for research in business on a daily basis. The Qualitative and Quantitative Design Qualitative research can be done for multiple purposes, however, these might be condensed to fit the National Research Council’s categories of producing descriptive or procedural knowledge; that is, answering questions about “what is happening?” and “why or how it is happening?” (Shavelson & Towne, 2002, p. 99).
End-term essay December, 2011 Written by Memeti Albert Rational choice institutionalism: Institution and economic development Rational choice institutionalism, as a part of the three approaches of the “new institutionalism”, in political science drew fruitful analytical tools from the new economics of organization. Scholars supporting this approach, tried to research the role that institutions play in the determination of social and political outcomes as well as the behavior of the individuals in broader aspect of institutions. They have a significant impact in theory of institutional economy, especially the implications of the institutional reform in the European Union, where they emphasize the importance of property rights, rent – seeking, and transactions costs to the operation and development of institutions. This paper is focuses on answering three questions: First, how rational scholars see the institutions, second, explaining the behavior of individuals and its critics; and third, presenting the economic development of transitional countries from institutional perspective. Starting with the origin of the institutions, rational choice institutionalists use the deduction method to arrive at functions that an institution performs.