Essays on Microeconomics

Justification of the huge salaries paid to some top athletes; an economic perspective. Over the last century there has been much research into the area of Labour Economics, and hence the determinants of supply, demand and wages for labour. In this essay, I will be …

Innovation in Private Labels- A case study of Marks and Spencer- British retailer and the challenge when applying to private labels’ market in Vietnam. I. Introduction: Private labels now play an important role in retail market, which are considered as the new trend of providing …

“If you love her, then take her to Hagen-Dads”, the advertisement is familiar to people all around the world. Hagen-Dads has successfully created value for its customers. Aimed to make itself the represent of top-class ice-creams, Hagen-Dads tried to make the feeling of satisfaction and …

Adidas went through a stage of restructuring when the company’s corporate strategy needed to be revamped. Before 2009, adidas focused on making acquisitions that would ultimately lead to overtaking Nike as the leader of the global sporting goods industry. In 2009, adidas restructured the corporate …

INTRODUCTION Pure monopoly and perfect competition are two extreme cases of market structure. In reality, there are markets having large number of producers competing with each other in order to sell their product in the market. Thus, there is monopoly on the one hand and …

Unilever is a fully multinational corporation with operating companies and factories scattering all around the world, and manufacture foods, beverages, cleaning agents and personal care products. Unilever owns more than 400 brands but its 13 “billion-dollar brands” fall mostly into two categories: Food and Beverage, …

Introduction All marketing is built on STP – Segmentation, Targeting and Positioning (Kotler & Keller, p.310). In the chapter of fundamental marketing concepts, trends, and tasks it says: “A marketer can rarely satisfy everyone in a market. Not everyone likes the same cereal, hotel room, …

Evaluate the impact of changes in the economic environment on a selected business – D1 After various changes to the economic tax and interest rate, CPHP have conducted and compiled research into current public spending. The results show that there has been a dramatic reduction …

In this paper I will analyze the purpose and usefulness of data integration and the use of Extensible Business Reporting Language (XBRL). I will discuss XBRL in detail and also include the benefits an organization would receive as a result from its use. The use …

Company History Kellogg Company was formed when production of Kellogg’s Corn Flakes about a century ago. The company was started by W.K. Kellogg’s, with only 44 employees in Battle Creek, Michigan in 1906. The worldwide expansion of the company began in 1914, and by 1938, …

            Products or goods that are out in market may be categorized according to their elasticity. The elasticity of consumer products or goods are measured according to the demand as it is related to price adjustments (price elasticity), the demand as it is related to …

Introduction In today’s world business environment became very competitive the companies of being successful in the market they are dealing with more different resources for satisfy the customer needs. In recent years the competitive global market has a big influence in growing for external business …

Chocolate as a product has a tempting quality; it is believed to be soothing and stimulating. Therefore it is necessary to question what makes chocolate so popular among consumers. Could the secret probably lie in the quality, packaging, culture or prices?  How are different chocolate …

Competition is the greatest challenge that any production industry can face. It is the responsibility of the management and especially the marketing department to come up with strategies that will get consumers attention to the products and convince them to buy it (Kotler& Armstrong, pp. …

Introduction Southwest Airlines has been a strong growth company over the last 4 decades. Using its low-cost, no-frill, customer friendly, point-to-point operational strategy, Southwest has been able to sustain considerable growth over the years and reported straight profits since its incumbent. Southwest Airlines now has …

Designing Customer Driven Marketing Strategy: Now-a-days companies recognize that they can not appeal to all buyers in the marketplace or at least not to all buyers in the same way. Buyers are too numerous, too scattered, and too varied in their needs and buying practices. …

iPhone Market Penetration Launching iPhone The world has continuously improved in terms of technology made possible through the constant penetration of new gadgets in the market. Just a year ago, Apple launched the latest mobile phone which is now commonly known as iPhone. Known for …

Introduction Triumph motorcycles is a privately- owned British company. Triumph has always had its own distinctive character and a history of creating motorcycles. The company plans to enter Chinese market, they prepared a detailed marketing plan, which is including 7 main parts: marketing objectives, product …

    The production of the ice-cream in the Ottawa city would have a certain market share in regard to the population of the city that is around 800,000. In this situation there is like problems to encounter in the market as well as benefits. …

This essay focuses on the tobacco industry with respect to its oligopolistic market structure. The basic characteristics of the oligopoly are discussed and followed by the identification of the tobacco industry as a tight oligopoly. The various market forces and the resulting threats associated with …

Nike Nike is one of the famous franchises in the world that sells sportswear for all ages. But is mostly famous for their athlete shoes and apparel and Nike is also one of the major manufacturers of sport equipment as well. The slogan for Nike …

It has two full-fledged automated stock exchanges namely Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) and an over-the counter exchange operated by SEC. It also consists of a dedicated regulator, the Securltles and Exchange Commission (SEC), since, it implements rules and regulations, monitors …

1.What is competition like in the North American wholesale club industry? Which of the five competitive forces is strongest and why? Use the information in Figures 3.4, 3.5, 3.6, 3.7, and 3.8 (and the related chapter discussions on pp. 57-70) to do a complete Five-Forces …

Wouldn’t you love to be a business owner without ever having to show up at work? Imagine if you could sit back, watch your company grow, and collect the dividend checks as the money rolls in! As you’ve probably guessed, we’re talking about owning stocks. …

It is one of the leading companies in Japan in the manufacturing and selling business of Dairy products. Having its headquarters in Tokyo, It is a dairy products item producing company which was founded in April 1917. Company has its operations in Japan, Australia, Thailand, …

It has been agreed that firms are the most basic units of the economy. They have for long been viewed as the basic units of production. Firms have been the driving force in growing and grown economies. Since the production process is the process that …

Abstract Supply Chain Management (SCM) is backbone of any organizations. It is the combination of art and science that goes into improving the way a company finds the raw components it needs to make a product or service and deliver it to customers. Supply chains …

Sonance is a company at a crossroads, long established as the leader in high-end home theatre speakers, it is at an inflection point where it needs to decide whether it wants to be a high-end speaker producer served through customized dealer channels, or a mass …

Demand, Supply and Market Equilibrium Every market has a demand side and a supply side and where these two forces are in balance it is said that the markets are at equilibrium. The Demand Schedule: The Demand side can be represented by law of downward …

TEST QUESTIONS True-False The utility created through the basic marketing activities is known as place utility. ANSWER: False, Page 40 Transportation is the physical movement or flow of goods. ANSWER: True, Page 42 During the 1990s and 2000s, logistics costs as a percentage of gross …