Price elasticity of supply

Minimum Wage and Its Outlook in European Countries History of minimum wage T Other say that minimum wage idea was also an attempt to counter the selfish tendencies of industrialists, well observed by Nina Assordobray that was investigating the origins of the development of the working class, in here statement she says:"...through low pay, you can get worker to do regular work (...) The worker is lazier, if their food resources are cheaper and the salary is higher(...) Proper manufactory…

Noted that taxation can be effective for enhancing or improving economic growth performance, it is a critical issue that needs to be considered nationally and internationally. The economic growth of our country is determined by the effect that taxation has upon economic decisions, in other words it is the mother head. After a research done I understood that the higher the tax revenues are paid by both individual and corporates reduces investments’ rates and increases jobs. More money is invested…

improve profits. E.g management may drop unprofitable customers or products to improve its profits. • Market share can fluctuate for many minor reasons. • Overall Market Share = Customer penetration * Customer loyalty * Customer Selectivity * Price Selectivity • Customer penetration is the % of all the customers who buy from the company • Customer loyalty is the purchases from the company by its customers expressed as a percentage of the size of the average customer purchase from an…

Introduction Categorising where Ster Kinekor is in the industry life cycle, it is first necessary to identify and describe what the industry life cycle is. The industry life cycle involves the changes that take place in the industry which contains the introduction phase, growth phase, maturity phase, decline and renewal phase. Identifying and understanding were the organisations is in industry life cycle is extremely essential as each phase involves opportunities and threats towards the…

7. Maintain price and reduce perceived quality. Cut marketing expense to combat rising. Smaller market share. Maintained margin. Reduced long-term profitability. 8. Introduce an economy model. Give the market what it wants. Some cannibalization but higher total volume. Another factor leading to price increases is overdemand. When a company cannot supply all of its customers, it can use one of the following pricing techniques:…

Introduction to BATLIBOI LTD.  Industry detail Batliboi Machine Tool Group’s manufacturing facilities are situated at Surat, Bangalore in India and Peterborough in Canada. The Surat facility is situated on 180,000 sq. mtrs of land. It has a well equipped design and manufacturing facility of 30,000 sq.mtrs. The products manufactured are: Conventional and CNC Drilling Machines, Conventional and CNC Milling Machines, CNC Vertical Machining Centres, CNC…

At the beginning of the period, the price of Computers, Inc. divided by the industry index was 0.39; by the end of the period, the ratio had increased to 0.50. As the ratio increased over the period, it appears that Computers, Inc. outperformed other firms in its industry. The overall trend, therefore, indicates relative strength, although some fluctuation existed during the period, with the ratio falling to a low point of 0.33 on day 19. 18. Five day moving averages: Days 1 – 5: (19.63 + 20 +…

- Telecommuting. Through this technology, workers in service-based firms are no longer tied to a physical location, as they can work from their homes. Services that fall in this category include accounting, legal advice, education, insurance, investments, data analysis, computer programming, and consulting. Any service provider with the appropriate telecommunications systems can be located anywhere and still performs her job. Working at home has two main advantages (1) decreased costs through…

contribution margin per unit below budget, led to the total contribution margin being much lower than budgeted. Other factors could be discussed here––for example, it seems that the PalmKid did not achieve much success with a three digit price point––selling price was budgeted at $149 but dropped to $102. At the same time, variable costs increased. This could have been due to a marketing push that did not succeed. 14-33 (20 min.) Market-share and market-size variances (continuation of…

and runs the risk of becoming smaller and more competitive over time. Additionally, within this unattractive segment, we have limited ability to differentiate ourselves relative to our competitors, and thus, will not be able to charge a premium price. I would think that this unattractive market and relatively undifferentiated position within that market would translate to a lower market share. I would estimate that our share might be lower than either of the branded products given our new…