Economic interventionism

There are many examples where IT and business meets and makes wonders such as self-checkout, Informational menu and computers with multichannel to guide what is in sale, price and many options, all the information are just one click away and all things at your fingertips. Sometimes shortcomings are depended on employees. For instance, in Hefty’s Hardware most of high level duties and errands are assigned to the junior level employees. In addition to, because of reconstruction of the company…

Dear Prime Minister, As you know, the UK is not in its finest economic state. I am writing to give you a possible way out: legalise cannabis. Right now you are probably fighting against this idea instinctively, but I would like you, just until the end of my letter, to keep a completely open mind (it can not do any harm). Cannabis, hemp, marijuana, whatever you want to call it, is the most widely used illegal drug in the UK. Alcohol and tobacco are also popular, widely consumed drugs.…

The company was founded the company in 1994 and launched on the Internet in 1995 as an online bookstore. The business is built around two values, frugality and customer service. Amazon has been ranked number one in customer satisfaction and service. A key to Amazon’s success was the decision to forego early profits to secure market share. As a result, Amazon is one of the most recognizable online retailers. Amazon’s shipping costs are relatively high in comparison to other online retailers.…

Multinational corporations need to adapt to different cultures in order to avoid costly mistakes and misunderstandings. The potential for these misconceptions increases when managers interact with foreign partners or clients who may have different values and beliefs. Having a good understanding of these differences allows companies to better adapt to these different cultures and can lead to a more successful global business practice. Cultural misunderstandings can occur not only when a…

As we are dealing and focusing on retail businesses, understanding this ratio is paramount to the industry, as this is the heart of the business. The inventory turnover is calculated by taking the cost of goods sold divided by the average inventory for the year. This ratio measures the efficiency of a company's inventory management and should be compared against industry averages. A low turnover implies poor sales and therefore, excess inventory. A high ratio implies either strong sales or…

A fixed rate is a rate the government or in most cases the central bank sets and maintains as the official exchange rate. A set price will be determined against a major world currency. The most common currency countries usually fix to is the U.S. dollar. The local exchange rate is maintain by the central bank buys and sells its own currency on the foreign exchange market in return for the currency to which it is pegged. According to Xu unlike the fixed rate, a floating exchange rate is…

Marcel Duchamp | Fountain “All in all, the creative act is not performed by the artist alone; the spectator brings the work in contact with the external world by deciphering and interpreting its inner qualification ..” Do you know, which artist could have said this? That was a citation of Marcel Duchamp, one of the most important artists of the 20th century. In the next few minutes I will give you some informations about the person, who said this quite interesting words. Duchamp‘s life…

With all of the commercials on television for new releases, new consoles being developed every couple of years, and even competition gaming it seems that this industry is going to continue to climb. Since GameStop specializes in this industry and no other, I would consider it a safe investment even without doing any research on the company. GameStop is a small retailer that specializes in video game hardware and software. The company also runs Kongregate, which is an online browser based game…

The new President continued to try to initiate joint construction of the St. Lawrence Seaway that had been promoted by previous administrations with the Canadians. Another of the initiatives that Eisenhower took was the "New Look" defense program. In this program the budget of the United States Army would be cut back. The funds that were cut would be given to the Air Force and to the Navy to be spent on developing a larger nuclear arsenal and air power to deliver the weapons. This plan was…

information from the BBC website. Information from government websites was treated with caution as figures may have been represented differently depending on the scenario of the country, making some results potentially un-reliable. Economic Development Strong economic development allows for efficient responses as shown in Figure 1. Well run governments and investment in pre hazard responses e.g education for the country’s population are positive actions for coping with…