Supply and demand

districts of many cities displaced thousands of households and commercial businesses in adjoining neighborhoods while enhancing the value of the downtown office towers that were made more accessible from the suburbs. The existence of inner-city interstates made it more convenient for downtown workers to live in the suburbs and commute to work, often making it possible for middle-class families to leave the city (Jackson, 1985). Although once considered to be a disseminate and even a poverty…

Disadvantage of franchising – Subway Apart from the many benefits derived from the cooperation between Subway and the franchisee, which have been considered in the previous sections, there are also some disadvantages that need to be assessed. Firstly, any bad news about Subway might have direct impact on the franchisee as the brand/trademark could be affected in the process. If the value of the brand decreases, the franchisee loses some of his/her competitiveness (Liutu, R, 2010). For example,…

Pestel analysis on Cadbury: It’s an analysis in which evaluate a firm or a nation or anything else under following domains: political, economical, social, technological, environmental and legal. This is done to chart long term plans. Cadbury is synonymous with chocolate consumption worldwide. Opening shop in the early 19th century, Cadbury has emerged as a global brand with factories and offices the United Kingdom and North America, and a notable presence in Asia and Africa as well. In 2008,…

1. Marketing Strategy Pricing strategy Field&Garden should choose high pricing strategy, because target customers give the preference quality over price. As a result the customer’s sensitivity to changes in price would be low. It follows that high price means for clients an excellent quality of products. For instance customers could go there not to have some meal, but also to chill and relax. Field&Garden more than a food shop and restaurant, it is a lifestyle. For this purpose company will…

“State failure” means “the implosion of the state” according to Bates’ article State Failure. State failure is characterized by two major processes: First, “governmental predation” which means that those in power in the state abuse their position to exploit resources from others, who lake power rather then to provide security for them. Second, the state loses its monopoly of the means of force, which leads to a militarization of society. The author then addresses three contributing factors…

1. What is the difference between micro and macroeconomics? Give an example of a microeconomic phenomenon and an example of a macroeconomic one. A) The difference between micro and macroeconomics is that microeconomics deals with how individuals and firms make decision in the face of scarcity and the impacts of the decision on the market. Hence, microeconomic focus on a part of the economy of a country. While macroeconomics deals with how a nation makes a decision in the face of scarcity and…

No! I don’t think that is a good idea! If steps are taken to reduce the movement of people, food and manufactured goods around the world, the global market will be extremely affected and there will be reduced in free flow of business transactions. Travel is a continuous process that often required travellers to partake in global activities of moving goods and services to every corner of the world. It is understandable that travelling activities can easily spread diseases around the world but…

QUESTION 1(a) The general rule of profit maximization is that a firm produces up to the point where marginal revenue equals marginal cost. Marginal revenue can be simply defined as the change in total revenues as a result of an increase of one unit. Similarly Marginal cost on the other hand is the change in total cost as a result of an increase in one unit of production. As such maximize profits, as is the aim of all profit making businesses, is to produce and sell units provided the revenue…

The modern world is reign by excessive advertisement, products, and consumers that are drive to obtain the advertised products. This is how money in the economy flows and makes progress the country by increasing the positive welfare. Consumerism is a social and economical issue derived by the excess of consumption of goods and products that impacts a negative externality in the society. While people consume more and more products they end with earth´s natural resources, pollute, and leaves a…

Theory of consumer choice Consumer choice denotes the decision an individual will have to make on the products or services they wish to purchase. Theory of consumer choice thus analyses how individuals decide to spend their money keeping in mind their preferences as well as budget constraints. It assumes that people will want to maximize their utility through an optimal combination of goods that they can afford. This theory has three underlying assumptions: The first being utility maximization,…