Essays on Microeconomics

1.0 Introduction The survival of firms in the global market is related to their potential to identify brands that can respond to consumers’ needs. In this context, a successful brand is able to secure organisational growth even in periods of strong market turbulences (Doyle, 2009). …

How do Southwest’s marketing objectives and its marketing mix strategy affect its pricing decisions? Operating under an intensely competitive environment , Southwest Airlines carefully projects its image so customers can differentiate its product form its competitors .. To successfully secure its market position , Southwest …

Supply CHAIN MANAGEMENT Abstractions The chief intent of the study is to analyse the public presentation of supermarkets with supply concatenation direction and analyse how these supermarkets where able to keep back force per unit area and could win by developing assorted schemes implementes by …

Individual Assignment – Glitzz Case Study 1. What factors influence the pricing decisions for a product such as Glitzz? Analyze the factors and comment on the range of prices that can be set for Glitzz. The factors that influence the pricing decisions for Glitzz are …

Barriers to entry: In theories of competition in economics, barriers to entry are the obstacles and hindrances that make it difficult for a company to enter a given market or industry. The most common barriers to entry include government regulation and economies of scale, but …

Review questions for the midterm exam Topic 1: Introduction to Marketing 1. Define marketing and discuss how it is more than just “advertising and selling. ” 2. Explain why it is important for all departments of an organization—marketing, accounting, finance, operations management, human resources, and …

Marketing defined is the process by which companies create value for customers and build upon that value by forging strong relationships with the customers (Clark, 2007). Marketing involves more than just selling and advertising, but also involves understanding customer needs and developing products and services …

Because of the heavy volume of goods present in the traffic passing through the Internet-assisted sales via business-to-business (B2) and business-to-customer (B2C) websites that provide the capability to sell items to customers via e-commerce, this new avenue of business transaction yields itself vulnerable to the …

Overview The Foodservice Packaging industry deals with plastic products such as plastic bowls, cups, plates and cutlery. The industry encompasses packaging for the home, commercial use and government institutions, such as schools and correctional facilities. Specifically, the product being developed belongs to the reusable cup …

The advantages of a corporation are: 1- Shareholders have limited liability for the Avoidance debts or trials against the Avoidance. 2- Shareholders can only be held accountable for their investment in stock f Avoidance. 3- Ability to raise funds through sale of stock. 4- Ease …

The Ansoff’s Product /Market matrix can be effectively employed in identifying the viable directions for the company’s strategic development. Basically, this matrix provides various strategic options that Tesco can explore with regard to market coverage and terms of products. This is done in light of …

Market Entry and Expansion When entry a new market, especially to China, exporting is a good choice. There are many forces that lead us to choose the exporting. It involves more risk and investment as the firm sets up its own presence in the host …

YSL is not worth 1 billion dollars – as a brand or as a division in Gucci. As a matter of fact, in 1999 the brand (YSL Couture and YSL Beaute) sold 40 million dollars. Gucci, however, as a stand alone division was worth more …

You may wish to choose a business you already have knowledge of from trips or your part-time employer. For a product of your choice: 1. Clearly explain the main cost elements and the nature of those costs – define and give relevant examples of variable, …

  Introduction Strategic development is concerned with the direction and scope of an organization over the long term, which involves the development and deployment of its resources and competencies, through which it achieves competitive advantage in a changing environment. All organizations, whether big or small …

Sharing inventory has increasingly gained popularity in the modern economic society as businesses seek to improve their service provision to customers. This is because the practice promotes reliable sharing of information on the availability of products or services at the various distribution levels of the …

Within the realm of industrial economics, a central focus is on equilibrium in oligopoly models, and the questions arise of how the firms would find the equilibrium and whether they will choose it. The efforts of this essay are devoted to a discussion of Court …

Marketing Principles Task B 24 – 11 – 11 By Ayesh Goburdhun A. Define your product The product chosen for this assignment will be a laptop, the Macbook Pro by Apple. The product is a personal computer that can be used for communicating with people …

Electronic gives companies improved efficiency and reliability of business processes through transactions automation. The two major types of e-commerce these are Business to business (B2B) and Business to Consumer (B2C). In B2C consumer purchase products and services from industry while B2B deals with business dealing …

How attractive is the Pan European market for pert plus in terms of demand potential? Competition? Pan European market is quite attractive for pert plus in terms of demand as the consumers test results showed that the product concept of ‘wash & go’ their (time-saving …

Introduction & Scenario We have been given an assignment about Aer Lingus. Our task is to develop an integrated marketing communication campaign for Aer Lingus. The assignment should focus to deliver the following Objectives: “To revitalize the declining Aer Lingus brand in order to increase …

As we live in 21st century prostitution has been like an everyday good a market can offer. Economist view prostitution as performing a business activity. However, the problem is still around. The demand for prostitution is continually growing. What still surprises the people is that …

In fact, the central tower of the castle (also called “the keep”), which still stands today, was built by King Henry II. The keep served as a last point of refuge in case of an attack. This keep was unique because it was probably the …

The product life cycle theory is used to comprehend and analyze various maturity stages of products and industries. Product innovation and diffusion influence long-term patterns of international trade. This term product life cycle was used for the first time in 1965, by Theodore Levitt in …

I wish to express my sincere appreciation to U Aye Kyaw, Managing Director – Cum Principal of Myanmar Human Resources Co., Ltd. (MHR). I would like to express my heartfelt thanks and deepest gratitude to my course instructors, Dr. Ohnmar Myint for providing invaluable guidance, …

Business Portfolio Analysis is a type of a planning system adopted by the organization (organizational strategy), which is similar to the manner in which investment portfolios are managed.  According to the business portfolio analysis, an organization would have to perform only sound activities and discard …

Competitive Supply A perfectly competitive firm maximizes profit by producing the quantity at which: MR. = MAC. Consider a perfectly competitive firm in the short run. Assume the firm produces the profit-maximizing output and that it earns economic profits. At the profit-maximizing output, all of …

A Comprehensive Project ON “Impact of Foreign Direct Investment in life Insurance Industry” Submitted to Gujarat Technological University IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF THE AWARD FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION UNDER THE GUIDANCE OF Prof. Himanshu Chauhan Submitted by Pratik …

Introduction Amazon.com provides a wide catalogue of products and services to different consumer groups. Below is the detailed analysis of Amazon’s resources, capabilities, distinctiveness and networks. Unique Market Position According to Motoko and Stone (2010) Amazon has the distinctive position of being the largest online …

Introduction Budget is quantitative expression of future plan of activities. It is a future plan of activities expressed in terms of currency/rupees. It is prepared for a fixed period of time. Advertising budget is a financial document that’s hows the total amount to be spent on advertising and lists the …