Essay: Elasticity of demand and supply
Sample Essay The elasticity of demand (supply) is measured by the percentage in quantity demanded (supplied) divided by the percentage in price. When the incidence of tax is superimposed on the model, there is a change in price dependent upon the type of tax imposed. If the tax incidence is borne by the supplier then the prices don’t change and demand elasticity is intact. However supply elasticity changes as the cost of production rises and suppliers restrict supply as it is now more costly to produce. If the tax incidence is passed on to consumers then the quantity falls. If demand is very elastic, quantity falls more than the change in price and revenue decreases. (more…)Essay: Canadian Snow removal companies
Sample Essay With regards to the Canadian Snow removal companies, the same is the case where there is plenty of heavy snow throughout the year which implies a high cost in terms of capital equipment required to remove the snow. Therefore the industry structure is oligopolistic by default. (more…)Essay: Counter-effects of globalization
Sample Essay There are various counter-effects of globalization in that inflation is also one of the causes. This is because the more liberal the trade regime is in the country, the more prone it is to inflation as argued by Scott C. Bradford, Paul L. E. Grieco, and Gary Clyde Hufbauer, (more…)Essay: What Marketing Strategy should MarketNet use
Sample Essay
Social networks and cost to marketers have a strong corresponding relationship in today’s World Wide Web. They are becoming more and more cost efficient as the users’ bargain power increases. To consider the aspect of prices MarketNet has a portal on facebook which charges market compatible rates.
Essay: Islamic Financial Institutions
Sample Essay Sundararajan and Errico (4-7, 2002) highlighted additional reasons for not adopting genuine Islamic products, practically sharing models because Islamic financial institutions would be required to bear the loans if a loss occurs rather than using collateral or other guarantees to decrease the level of risk. In addition, the complex processes to get approvals and run the new product in Islamic financial institutions create great difficulties. Ahmad (27, 2009) gives another reason for continuing to use conventional products—namely, that the risks in Islamic financial institutions are still not perfectly understood and are quite complex given the different stages of any transaction. (more…)Essay: Business structure of Volvo
Sample EssayThe acquisition of Volvo is the biggest but not the first cross-border deal for Geely. In 2006, the partnership between Geely and Manganese Bronze took place for the production of components for assembling London Taxi vehicles. The idea behind this acquisition is to minimize the gap between Volvo's traditional European management mode and Geely's mode of conventional business. The current business structure of Vovlo makes it difficult for Geely to attain the maximum benefits of the localization considering the future plans of Geely for setting a plant in China. It is in the best interest of Geely to subsidize the Volvo global operation while keeping the margins low for Geely’s local business operations that may pose a serious threat to Geely’s working capital management in future (Russo 2010).
Essay: Palm Inc’s Performance
Sample EssayPalm Inc is one of the leading players in the telecommunication and computing technology market, owned by Hewlett Packard (HP). It provides high-quality phones and touchpad devices with all new technological innovations and emerging features in today’s market. However the financial results of the company consistently declined from the year 2006 to 2009.
Essay: Comparison of individual versus group efforts
Sample Essay The debate over the comparison of individual versus group efforts has long been a subject of human interest. The psychologist and the organizations at large are operating to achieve their targets by relying on the abilities of their employees both individually as well as collectively. But once we look over the great achievements of history the fact might seem obvious that the great achievements are an outcome of individual efforts, this fact is particularly applicable to poets and painters- who generate masterpieces by working individually. (more…)Essay: Variable cost related to revenues
Sample Essay
Since our variable cost accounts for 50 percent of the revenues therefore, no significant change can be expected for cost reduction in such a case. So if we increase the sales, variable costs increases, regardless of all the factors involved, in such a case costs cannot be pushed down by a firm to maximize profitability. The above table shows no matter how much increase is made in sales the variable cost will simultaneously increase. This is the weakness of this model where variable cost is directly related to revenues. Keeping in view this limitation, a firm has to control its variable costs to meet its sales objectives.