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Your son is graduating from high school and is about to enter the work force. He has developed a strong curiosity about our economic system and how it works. Because you have a good understanding of basic economics, he has asked you to explain several concepts that are essential to an understanding of how the economy works. Your son has asked you to explain the following concepts and ideas:
Circular flow diagram: Include the government sector in your explanation, a description of the roles that each participant plays in the economy, and how the different sectors interact in the markets.
The Production Possibilities model: Provide an example and include a summary of what the model is illustrating and the economic implications for the economy.
Microeconomics and macroeconomics: Explain the differences between the two and why economics is divided into these two subdivisions.
The value chain priorities can be quite different for firms taking different business strategies. Create examples of value chains for three firms: one using cost leadership, another using differentiation, and a third using an integration business-..
Write about a problem faced by your (current or past) organization. Explain the problem. Write how you might approach this problem using YOUR thinking style. One might be emotional, one logical, one scientific, one creative, one pessimistic, and o..
Managers are affected by the organizational environment, and help to create it. Their role is instrumental in a successful organizational culture. In this week’s class discussion, you will define the manager’s role as it relates to various organizati..
1. choose a global non- us auto company. what environmental laws are in place in this companys country of
The value chain priorities can be quite different for firms taking different business strategies. Create examples of value chains for three firms
Research an ERP system or an ERP software application, and address the following: In your own words, define enterprise resource planning (ERP). Provide the name of the ERP system or the ERP software application you researched along with a web link to..
What is the purpose of a database? Describe a database and its various elements. Define Primary Key, foreign key, and metadata.
consider the following time series datamonth 1 2 3 4 5 6value 18 13 16 11 17 14using the naive method most recent value
What is the total safety stock across all stores and how much money was saved as a result of the decrease in the safety stock?
In your opinion, is this part of good customer service or simply revenue generation for the company? What ancillary or complementing items have you been enticed to buy, and why?
"Mobile and Wireless"Decide whether or not mobile computing and wireless computing are synonymous. Provide at least two (2) reasons to support your assertion and justify your response.
What marketing channel routes and distribution-density should he or she use and why?
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