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Question 1
Business Economics is a useful toolbox for understanding the business environment and making better decisions. Consider you are the managing director of a manufacturing company based in UK; describe the different aspects of the business that you should be looking at from an economics perspective in order to run the company efficiently. Consider both the microeconomics and macroeconomics perspectives.
Question 2
Focus on one microeconomics aspect and a macroeconomic one from those you have described in Question 1 and explain using economics theory how you would improve the running of your company. Use real world examples to back your answer (you may use examples from the press, books, journals, etc).
Question 3
Let's consider that your company is looking at expanding internationally by opening a new manufacturing facility in a non-EU country. Choose the country where you would be locating the new branch justifying your answer based on a macroeconomic analysis; you should review at least the following aspects:
a) Macroeconomic conditions of the country. b) Current economic policy (fiscal and monetary).
Economies of scale can be quickly exhausted not everyone wants to ‘shop' from same ‘store' size can also mean diseconomies of scale if focus Is lost and conflict of interest what matters to shareholders is profitability not Challenges (contd.) Do..
Explain how global stratification impact local culture and expalin what are the positive does and the negative effects.
Identify at least four forces in general environment of organizations and provide an example of each for an industry or business. How do se forces differ from external stakeholders in task environment.
With fewer also fewer barriers to trade, countries are able to focus on producing those goods also services which they are best.
Which economic decision makers determine the demand for labor. What are their goals. Illustrate the decision criteria do they use to reach their goals.
Elucidate why Chrysler's decision might have been prompted by movements in its wage costs or capital costs, or both. Why would Chrysler have instituted this production change for its most popular.
How much output is lost as a result of deaths from secondhand smoke, according to the news.
Show what happens to one or both curves for the given scenarios. If the scenario does not change either curve, leave them in their original positions.
Derive total, average and marginal revenue schedules. Explain why your answer to part is an example of marginal analysis and optimizing behaviour in general.
Elucidate exactly Illustrate what the government actually did and why this merger is not occurring.
discuss the major types of financial intermediaries in the U.S. and illustrate the differences in the way assets and liabilities are recorded on their balance sheets
According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.
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