Essays on Microeconomics

Introduction Forms of marketing have existed as long as products and services. Early people promoted their products (eg. vegetables grown) to entice trade for other products. This demonstrates an early form of creating a desire/need and servicing that with a solution of providing the goods. …

Market research helps Nike to make decisions by helping them to understand the changing dynamics of the market. Market research helps Nike understand who their target market are along with its competitors it has and where they differ. It helps Nike to make improvements, change …

As this case study begins, Madcap Craftbrew & Bottleworks, Inc. finds itself at the crossroads of having to make critical strategic marketing and promotional decisions regarding its Zebra beer brand.  In this paper, the situation will be evaluated in-depth, and courses of action will be …

Abstract This paper is divided into three parts in order to explore important business and management issues. The first part of the assignment demonstrates significant details about the performance of Virgin Atlantic Airline (VAA) and its interrelations to numerous external factors such as the UK …

Pareto optimality is a central concept in economics, especially welfare economics, as a measure of efficiency. The term is named after Vilfredo Pareto, an Italian economist who used the concept in his studies of economic efficiency and income distribution. An allocation of resources is Pareto …

Today, the world of technology has introduced new forms of entertainment to people making them conform to the modernity of society. Numerous online gaming has been released on the internet; while some of those are played and embraced by the society, some failed to satisfy …

They strive to provide the next best experience for aspiring athletes, employing staff with the knowledge and passion to give this high standard of service. Currently, Epic Board Shop is in the infantile stages but has goals to expand to a common name in the …

For maxima rule Remote should use option A b. For maximum rule Remote should use option 8 c. For maxima regret Remote should use option A d. For equal probability criterion rule Remote should use option A Chapter 16: Government Regulation of Business 2. When …

Table of Contents Executive Summary Dawson Falls Is a luxury lodge and has a high quality Swiss themed restaurant, also Is a part of the Segment national park Dawson Falls provide different room theme beside the lodge for the people who love to enjoy the …

Careful planning is required in initial public offerings (IPO) and a company must make the right market choice. There are a number of factors a company must consider in this process. The company must look into how accessible the potential investors are. Profile of benchmarked …

What is the definition of marketing? What are the benefits and drawbacks of incorporating marketing into the sales function of an organization? Do you think that marketing should be included as part of the sales organization within a company? Explain why or why not. What …

Nature view is a company that has specialized in dairy products focusing on the production of yogurt. It has retained its focus on organic yogurt since its inception in 1989, unlike its competitors who manufacture yogurt blended with artificial ingredients. This has enabled Nature View …

Utopian society where all your needs are taken care of by someone else sounds wonderful to many people. In a socialist society, everyone is taken care of, given a job, and the government handles the “business end” of things. Capitalism, on the other hand, is …

After reading this chapter, you will be able to: I. Identify the major drivers of supply chain performance. 2. Discuss the role of each driver in creating strategic fit between the supply chain strategy and the competitive strategy. 3. Detine the key metrics that track …

Globalization has had a positive impact on planning in Wal-mart organization. This is because Wal-mart stakeholders are able to estimate the profit it can make by allowing its cheaply manufactured and inexpensive goods and services to cross the borders and reach other countries of the …

The mission statement of L’Oreal has been taken into account. L’Oreal is a cosmetics and personal care product manufacturing company. It is a famous world renowned brand which is truly global in its operations as well as the target market. The company L’Oreal has established …

This is the formula for working out gross profit margin (GPM). Gross profit is sales turnover minus cost of sales. Sales turnover is the money value of the sale of the products by a business and cost of sales are the costs of production such …

The report covers the important global chlorinates markets. It further divides the market on the basis of types, Methyl Chloride, Methyl Chloride, Chloroform, and Carbon Tetrachloride; its applications, and geography. The market data for these types is given with respect to volume (kilotons) and value …

The very word pharmaceutical company means nothing more than developing and distributing drugs for consumption by patients. This job is mainly done through the help of well established research institutions that help in innovations. Now, it is for sure that the fundamental understanding of drug …

This report analyses SPINE, an online Korean company specializing in quality mobile phone accessories and its plan to enter the sustainability market. The report further analyses the company’s mission statement that will set the course for sustainable development. It is recommended that SPINE adopts a …

When looking at marketing and market factors of globalization a few things need to be taken into consideration. Marketing involves the free flow of information from the firm or the marketer to the end consumer of the product. This process involves three entities namely customers, …

In 21 Century Technology has changed the way we live, the way we catch information. In nowadays the society has become indifferent and it is hard to draw attention. That’s way the company’s use marketing communications to inform, persuade and remind consumers about the product …

Introduction With competition so intense, many businesses is forced to find innovative ways to increase the quality and sales of their products, from manufacturing to inventory to marketing, using advance technology that is now readily available for anyone willing to adopt it. This is exactly …

In economics, we need to use terms a little more carefully than they are sometimes used in ordinary discussions. In general use, “Demand” is a word that can have more than one meaning, but in microeconomics we define it more carefully so that it has …

There is now a growing trend in the field of Marketing. And it is called customerization. But what is customerization? How it works? And why it is needed in this field? Customerization now focus on what the buyer or customer wants. Companies are now focusing …

In Vietnamese textile industry, beside Viettien, Thai Tuan and An Phuoc also are big grand name. Therefore, to obtain market share and achieve success, Viettien must have understanding about their competitor. The survey also mention about some aspect such as discussion about competitors’ strengths and …

Discuss the effectiveness of markets at allocating resources and the role of incentives in guiding behavior. What do you think of the specific examples or illustrations that were used to demonstrate the role of markets and incentives? Are they appropriate and generalizable? A market, in …

We keep hearing about managers of different kinds, yet we never really know what a manager’s job actually entails. This article will deal with a specific kind of manager – the brand manager. Through this article, we will know a little something more about a …

A shortage in the production of sugar will determine the amount of the Mars bar produced. This is because the unfavorable whether conditions are affecting the production of sugar. The supply of Mars bar depends on the price of the factors of production which in …

The pricing of products is divided into three, pricing below the industry price, cloning the industry prices and having a new prices from scratch. Pricing below the industry prices meant that one will be charged fees which are similar to the industry players but slightly …