Supply and demand

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    online shopping companies making incredible profits and have numerous members. On the other hand, some other companies such as Walmart, Target, and Sears search for market demand and if they realize a potency for their products in a specific location where they do not have any stores, they open new ones in order to meet that demand. If the opposite situation occurs and they lose their potential, they move their malls to better areas…

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    speed up the efficiency of production ,pay attention to the product feature , intensify efforts in promotion , understand market demand , safeguard consumer value ,mutual compete ,to gain greater market share . Customer orientation is one of the business-oriented what is the enterprises used .(Narver and Slater,1990,P20).Enterprises for the purpose of meet customers demand on the whole ,also will work well on marketing mix . Customer orientation is defined as a trust which is if a company want…

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    new sales marketing schemes or adjust share earnings, whereas others face the unavoidable pressure of closing stores. According to Performing Sports Group Ltd., the plummet in sales is a result of the “sudden shifts in demand” (Germano). There have been two different shifts in demand in varying sections of the sporting goods market: traditional in-store and online shopping (specialized…

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    Freakonomics Analysis

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    Freakonomics can be seen as the study of economics based on the principle of incentives. In the movie, Steven Levitt and Stephen Dubner gives multiple examples of how incentives govern our thoughts and actions and its role in economics. The first example explored was the unlikeliness of a house agent to wait to sell a client house for a higher price. The simple reason is the low incentive. If the agent was to wait another week to sell the house for a price that is only 10k higher, they would get…

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    good job of debunking this “labor fallacy”. From Wheelan’s explanation, I learned that every new job does not necessarily come at the expense of a job lost somewhere else. When new people enter the workforce, they create new demand within the economy thereby creating demand for other new jobs. This helped me to be able to better understand and explain why immigration can be a benefit to the job market rather than a detriment to American…

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    1. Of the 10 values described in Schwartz's Value Theory, is there one or two that best describe your own personal values? Which one(s) and why? Can you point to how this value(s) has directly impacted a major decision or action you have taken in your life? The Schwartz’s value aligned with my personal values would be Self-Direction. Self-Direction is independent thought and action; choosing, creating, exploring, which are happenings I apply ongoing. Growing up, change was constant in my life…

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    Delanghe Case Study

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    and other might think that the company is unwilling to hire locals thus leading to the weak reputation. In terms of societal environment, the farm is facing some more difficulties. The most important one is the variety of choice due to the foreign supplies. If before, there were limited fruit brands and most of the were local, now it is plenty of them on the market and lots of them are bigger and better as a result of genetically-modified products. Nowadays, people are willing to stay healthy or…

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    Pareto Optimality

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    Pareto optimality is a tool used by normative welfare economist who measures welfare in terms of preference satisfaction. This tool is used for assessing social welfare, resource allocation and to analyze public policy. It was a principle proposed by Italian economist and sociologist, Vilfredo Pareto in order to make high levels of inequality justifiable. An allocation is said to be a Pareto improvement if no alternative allocation could make at least one person better off while not making…

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    Consumerism. The drive which makes us feel like we need everything, no matter what the eventual costs and problems would create. “Swollen Expectations,” an article that looks into the effects of consumerism and different ways it has changed our lives, claims that our generation sets higher material expectations than any other generation. Some will argue that this isn’t the case, and that our world is changing for the better. However, I would disagree with those arguments. After discussing the…

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    Intertemporal preferences describe the way consumers make decisions between how much food they would consume today versus how much food they would consume tomorrow. The consumption of today would influence the consumption of food tomorrow. Some basic assumptions for intertemporal preferences are transitivity, consumer prefer more over less, and consumers can choose between two alternative streams (today versus tomorrow). A decision requires a trade off by the consumers between costs and benefits…

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