Showing results for 'eco 365'

ECO 365Week 1 Article Analysis The Economics of Coffee Article Analysis: The Economics of Coffee People around the world consume numerous goods every day. There are several things that determine what quantities and how frequently they are consumed and those influences can either work in tandem or act individually to influence a person. It is these foundations that set an average for what consumers will purchase and the volume of goods to be created by agriculturalists and industrialists. This is known as economic consumption patterns, and these patterns are carefully studied by...

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ECO 365 (Principles of Microeconomics) Week 1 ECO 365 Week 1 DQ 1 What is economics? What role does economics play in your personal and organizations decisions? Give an example of the role of economics in decision making. ECO 365 Week 1 DQ 2 What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply and demand in decision making. ECO 365 Week 1 DQ 3 What is...

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ECO 365 (Principles of Microeconomics) Week 1 ECO 365 Week 1 DQ 1 What is economics? What role does economics play in your personal and organizations decisions? Give an example of the role of economics in decision making. ECO 365 Week 1 DQ 2 What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply and demand in decision making. ECO 365 Week 1...

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ECO 365Trends in Consumption PatternsThe Meat Industry Trends come and go. It is a fact that people's wants and desires change on almost a daily basis. In the realm of consumer patterns it may be a little more difficult to follow the changing trends simply because the economy changes just a rapidly as a person's mind does. Just how much society buys and how frequent will depend on multiple factors that not only have an impact on each one by itself, but the factors also impact each other. By following these patterns economists can predict consumers demands and allow the markets to...

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Auto Industry Overview University of Phoenix ECO 365 Introduction "Economics is the study of how human beings coordinate their wants and desires, given the decision-making mechanisms, social customs, and political realities of the society" (Colander, pg. 4, 2008). All organizations and businesses must understand the current economies of the environments they operate in to be successful. The auto industry has a history of successfully understanding the economy. They study the market, deal with government regulations, and address issues and opportunities in the economy to make...

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ECO 365 (Principles of Microeconomics) Week 5 ECO 365 Week 5 DQ 1 What are the impacts of innovation and technology on the cost of production? How does technology affect market structure and real-world competition? Which market structure is best suited for technological innovation? Explain your answer. How has technological innovations affected your organization? ECO 365 Week 5 DQ 2 What factors influence a firm’s competitive strategies? How does global economic competition impact the price elasticity in the domestic market and decisions related to the strategy a firm...

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_A+ Grade Solution_ ####**ECO 365 Week 1 Ten Principles of Economics and How Markets Work** As part of a marketing research committee for your organization, you have been assigned the task of preparing a 700-word research paper about current microeconomic thought and theory. Use Principles of Microeconomics, Chs. 1, 2, 3, 4, 5, and 6, as the source for all your information. Identify the fundamental lessons the Ten Principles of Economics teach about: • How people make decisions • How people interact • How the economy as a whole works Explain the following to help the...

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ECO 365 (Principles of Microeconomics) Week 4 ECO 365 Week 4 DQ 1 What is an externality? Provide examples. How does an externality affect the market outcome? Is it possible for a government’s solution to a market failure to actually worsen the failure? Explain your answer. ECO 365 Week 4 DQ 2 What are the differences among horizontal, vertical, and conglomerate mergers? What does the U.S. government hope to achieve through the use of its antitrust policy? How do the resolutions of the IBM®, AT&T®, and Microsoft® antitrust cases differ? How does international...

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_A+ Grade Solution_ ####**ECO 365 Week 5 Theory of Consumer Choice and Frontiers of Microeconomics** You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions. Write a 1,050-word analysis that includes the following: • The impact the theory of consumer choice has on: • Demand curves • Higher wages • Higher interest rates • The role asymmetric information has in many economic transactions • The Condorcet Paradox and Arrow's Impossibility Theorem in the political economy • People not being...

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ECO 365 Final Exam Answers 1) An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in A. microeconomic research B. macroeconomic research C. theoretical research, because there is no data on these variables D. empirical research, because there is no economic theory related to these variables 2) A basic difference between microeconomics and macroeconomics is that microeconomics A. focuses on the choices of individual consumers, while macroeconomics considers the behavior of large businesses B. focuses on...

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ECO 365 Week 4 DQ 3 What is the cost/benefit approach that a typical economist takes to analyze regulations? What are the goals of taxation? How are economic policies impacted by politics, and how politics make a positive or a negative contribution to economic policy? How does antitrust policy and regulation affect economic welfare?

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1)An economist who is studying the relationship between the money supply,interest rates, and the rate of inflation is engaged in A. microeconomic research B. macroeconomic research C. theoretical research, because there is no data on these variables D. empirical research, because there is no economic theory related to these variables 2)A basic difference between microeconomics and macroeconomics is that microeconomics A. focuses on the choices of individual consumers, while macroeconomics considers the behavior of large...

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_A+ Grade Solution_ ####**ECO 365 Week 2 Markets and the Economics of the Public Sector** You have been assigned to a team that has the responsibility of preparing a paper consisting of 1,750 words for the governor's next economic conference. Your paper should address the following: • Explain why equilibrium of supply and demand is desirable. • Explain the following concepts using the concept of consumer and producer surplus: o Efficiency of markets o Costs of taxation o Benefits of international trade • Discuss how externalities may prevent market equilibrium and the...

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Category ECO 365 When u go inside the category course link detail description are given below Link name ECO 365 Week 1 Discussion Question 1 What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making. ECO 365 Week 1 Discussion Question 2 Identify a recent purchase in which the price of the product was an important consideration in the decision-making process related to purchasing the product. What other factors affected your decision? How important was your income as a...

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ECO 365 (Principles of Microeconomics) Week 1 ECO 365 Week 1 DQ 1 What is economics? What role does economics play in your personal and organizations decisions? Give an example of the role of economics in decision making. ECO 365 Week 1 DQ 2 What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply and demand in decision making. ...

Answered 3 years ago by Cramster

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ECO 365 Week 4 DQ 1 What is an externality? Provide examples. How does an externality affect the market outcome? Is it possible for a government's solution to a market failure to actually worsen the failure? Explain your answer. ECO 365 Week 4 DQ 2 What are the differences among horizontal, vertical, and conglomerate mergers? What does the U.S. government hope to achieve through the use of its antitrust policy? How do the resolutions of the IBM, AT&T, and Microsoft antitrust cases differ? How does international competition affect domestic antirust policy? ECO 365 Week 4 DQ 3 What...

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ECO 365 Week 5 DQ 1 What are the impacts of innovation and technology on the cost of production? How does technology affect market structure and real-world competition? Which market structure is best suited for technological innovation? Explain your answer. How has technological innovations affected your organization? ECO 365 Week 5 DQ 2 What factors influence a firm's competitive strategies? How does global economic competition impact the price elasticity in the domestic market and decisions related to the strategy a firm uses to compete? Why do most economists oppose trade...

Answered 3 years ago by Cramster

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ECO 365 WEEK 1 DQ 1 What is economics? What role does economics play in your personal and organizations decisions? Give an example of the role of economics in decision making. ECO 365 WEEK 1 DQ 2 What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply and demand in decision making. ECO 365 WEEK 1 DQ 3 What is the definition of price elasticity of...

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ECO 365 Week 5 DQ 2 What factors influence a firm's competitive strategies? How does global economic competition impact the price elasticity in the domestic market and decisions related to the strategy a firm uses to compete? Why do most economists oppose trade restrictions? Who have been the winners and losers as a result of NAFTA? Explain your answer. What factors influence a firm's competitive strategies? There can be many factors that might influence a firm's competitive strategies. Could be budgeting, environmental, the size...

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ECO 365 (Principles of Microeconomics) Week 3 ECO 365 Week 3 DQ 1 What are the conditions for a perfectly competitive market? What are the conditions for a monopolistic market? What are the conditions for a monopolistic competitive market? What are the conditions for an oligopolistic market? How would you explain the differences among these market structures? Identify which market structure your organization competes in and why you think so. ECO 365 Week 3 DQ 2 What conditions exist when economic profits are maximized? What is the difference between economic and...

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ECO 365Final Exam University of Phoenix Question One What is the most important determinant of price elasticity of demand? Why is this so? Price elasticity that relates to demand is determined by many factors. Price elasticity is measured by the change in price and the response from consumer demand. The demand of a good or service will vary the price in the item. The most important factor to determine the price elasticity of demand is necessity. If a good is a necessity, the demand will seldom change and the price is able to be adjusted. The demand is the most important due...

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ECO 365 Week 1 DQ 1 What is economics? What role does economics play in your personal and organizations decisions? Give an example of the role of economics in decision making.

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ECO 365 WEEK 3 DQ 1 What are the conditions for a perfectly competitive market? What are the conditions for a monopolistic market? What are the conditions for a monopolistic competitive market? What are the conditions for an oligopolistic market? How would you explain the differences among these market structures? Identify which market structure your organization competes in and why you think so. ECO 365 WEEK 3 DQ 2 What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits? How could you graphically illustrate economic...

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ECO 365 Week 3 DQ 2 What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits? How could you graphically illustrate economic profits made by a perfectly competitive firm; monopolist; and firm competing in a monopolistic competitive market?

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1) An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in A. microeconomic research B. macroeconomic research C. theoretical research, because there is no data on these variables D. empirical research, because there is no economic theory related to these variables 2) A basic difference between microeconomics and macroeconomics is that microeconomics A. focuses on the choices of individual...

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1) An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in A. microeconomic research B. macroeconomic research C. theoretical research, because there is no data on these variables D. empirical research, because there is no economic theory related to these variables 2) A basic difference between microeconomics and macroeconomics is that microeconomics A. focuses on the choices of individual...

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ECO 365- Principles of Microeconomics- Final Exam Study Guide 2012 Remember to check out for the latest updates! 1) If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, other things being equal, the elasticity of demand for movie tickets is about: A. 0.0 B. 0.4 C. 0.6 D. 2.5 2) A basic difference between microeconomics and macroeconomics is that microeconomics A. focuses on the choices of individual consumers, while macroeconomics considers the behavior of large businesses B. focuses on financial reporting by individuals, while...

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ECO 365 Final Exam Answers 1) If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, other things being equal, the elasticity of demand for movie tickets is about: A. 0.0 B. 0.4 C. 0.6 D. 2.5 2) A basic difference between microeconomics and macroeconomics is that microeconomics A. focuses on the choices of individual consumers, while macroeconomics considers the behavior of large businesses B. focuses on financial reporting by individuals, while macroeconomics focuses on financial reporting by large firms C. examines the choices...

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ECO 365 Differentiating Between Market Structures Differentiating Between Market Structures A market structure in economics characterizes the state of a market with regards to its competition. Oligopoly, monopoly, perfect competition, oligopsony, and monopolistic competition are a few of different market structures. These market structures all create different types of services, like common and collective goods. In economics a good is something define as any object, service or right that increases utility, at present or indirectly. Goods are further broken down into humanity and...

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Final Project University of Phoenix ECO 365 Introduction The evolution of Wal-mart from the early 1960s to the present day has set a benchmark that few can achieve. Wal-mart executives have been successful nationally as well as globally. The knowledge and expertise in economics have made Wal-mart a global giant. The research completed is the final recommendations by the members of research team C and will address questions regarding global competition and issues of the organizations ability to expand or reduce current operations. Price Wal-Mart continually advertises their...

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Running Head: Final Project ECO 365-Week 5 Final Project: Wall mart 1400 Words University of Phoenix s Introduction The evolution of Wal-mart from the early 1960s to the present day has set a benchmark that few can achieve. Wal-mart executives have been successful nationally as well as globally. The knowledge and expertise in economics have made Wal-mart a global giant. The research completed is the final recommendations by the members of research team C and will address questions regarding global competition and issues of the organizations ability to...

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ECO 365 - Principles of Microeconomics Oil In today's economy many trends in consumption patterns can determine where the supply and demands are needed. In the article "East Bay Oil Exports Have Become Huge Business," by Glantz (2012), it touches on the subject of trends and consumption of oil. Many people are aware; however forget that there is a whole lot of oil around us that can be used. This paper will discuss and address the utilities derived, the change that demand for the product or service of market and equilibrium prices, what has occurred to change the demand and supply of...

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Eco 365 This week's objectives seemed less complex than the previous week. I was more comfortable with all three objectives. Researching externalities that include pollution, and personal externalities, merging (vertically, horizontally, spin-off's), and government interventions. The discussion of each objective is noted below. From the text externalities are the effect of a decision on a third party that is not intended. There are two types of externalities, negative and positive. Negative externalities are the externalities that cause damage to others. Positive...

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Current Market Conditions Paper ECO 365-Week 3 2000 Words University of Phoenix Introduction In a society that has seen such a drastic downturn in the economy, people are searching for the best possible bargains they can find. People across the United States are looking for ways to save money; thus, searching for stores that will provide them with everything they need at a lower cost. Companies all over the United States are fighting to stay competitive and are seeking ways to restructure their company and still provide for consumers the best...

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ECO 365 Week 5 DQ 3 How do you define social diversity and business ethics? How has a more diversified labor force affected the corporate structure and the economy? What are some potential roadblocks, ethical or otherwise, in promoting a diverse workplace? Explain your answer.

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ECO/365- Principles of Microeconomics- Final Exam Study Guide 2012 Remember to check out for the latest updates! 1) If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, other things being equal, the elasticity of demand for movie tickets is about: A. 0.0 B. 0.4 C. 0.6 D. 2.5 2) A basic difference between microeconomics and macroeconomics is that microeconomics A. focuses on the choices of individual consumers, while macroeconomics considers the behavior of large businesses B. focuses on financial reporting by individuals, while...

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ECO 365 Final Examination Study Guidewith answer key This study guide prepares you for the Final Examination you complete in the last week of the course. It contains practice questions, which are related to each week's objectives. Highlight the correct response, and then refer to the answer key at the end of this Study Guide to check your answers. Use each week's questions as a self-test at the start of a new week to reflect on the previous week's concepts. When you come across concepts that you are unfamiliar with, refer to the Student Guide for that particular week. Week...

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Running Head: Market Structures Differentiating between Market Structures Simulation University of Phoenix ECO 365-Week 4 1200 Words Characteristic Perfect Competition Monopoly Monopolistic Competition Oligopoly Example Dairy firms, Grocery Store SKF Nike Wyeth Product/service Vegetables, milk etc Bearings Shoes, sports stuff Pharmaceuticals, medicines Entry Barriers None-Low High Medium-High High Number of players Many (over 1000) Single Few-Many Few Elasticity 1 1 1 Kinked demand therefore above price 1 and below price 1 Economic...

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ECO 365 (Principles of Microeconomics) Week 2 ECO 365 Week 2 DQ 1 What is average productivity? What is marginal productivity? Explain the relationship between marginal and average productivity. What would happen to marginal and average productivity if a technological innovation is introduced to the production process? ECO 365 Week 2 DQ 2 What is the law of diminishing marginal productivity? Give an example from your workplace of the law of diminishing marginal productivity? Might diminishing marginal productivity impact the costs? ECO 365 Week 2 DQ 3 Why is the...

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What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making. Economics is how people coordinate wants and desires using decision-process mechanisms, social cultures, and societal values. As it pertains to business, companies use economics to further define coordination. This includes the decision on how much product to make and what to produce, how to produce it, and who is the consumer of the product. Organizationally, economics plays an extremely important role. Economics helps...

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What effect do government intervention, taxation, and regulations have on economic behavior? Explain. What are real-world examples of government intervention, taxation, and regulations? What are the goals of each? Government intervention has a great deal on economic behavior. In a previous exercise regarding GoodLife apartments, we discussed price ceilings. The value of property was capped and created a demand at a lower equilibrium price for an apartment. Most economists favor less government intervention than the normal public. Regulations often cause organizations excess costs to...

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Differentiating Between Market Structures Economics can be difficult to comprehend at times because of all the different types of organizations in the world, along with the 4 different market structures an organization can fall under. Market structures consist of different types of characteristics within a market, which include its size and strength, form of competitions, product differentiation, number of buyers and seller, and ease of entry into the market. The market structures are broken into four various categories, which include perfect competition, monopolistic competition,...

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ECO 365 Market Structures Team Reflection ESSAY SAMPLE This week's team discussion focuses on comparing different market structures. Market structure refers to how many firms are in the same industry and how they physically interact within that market (Colander, 2010). The four market structures are Monopolistic, Oligopoly, Perfect Competition, and Pure Monopoly. Depending on which type of market structure a firm decides, will determine how they market their products to both buyers and sellers in a competitive economy. Each structure has particular characteristics that assist...

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ECO 365 WEEK 2 DQ 1 What is average productivity? What is marginal productivity? Explain the relationship between marginal and average productivity. What would happen to marginal and average productivity if a technological innovation is introduced to the production process? ECO 365 WEEK 2 DQ 2 What is the law of diminishing marginal productivity? Give an example from your workplace of the law of diminishing marginal productivity? Might diminishing marginal productivity impact the costs? ECO 365 WEEK 2 DQ 3 Why is the demand of labor a derived demand? Explain the shape of the...

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Identify a recent purchase in which the price of the product was an important consideration in the decision-making process related to purchasing the product. What other factors affected your decision? How important was your income as a factor? How important was the price of other goods as a factor? Price is a major consideration for many individuals when making a purchase decision. Large ticket items (e.g.., car, house, vacations) requires a thorough economic analysis prior to making the final decision. Purchasing a home is likely a purchase that one will have for the longest period...

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ECO 365 Pump Prices and Oil Prices Article analysis: Pump Prices and Oil Prices: A Tale of Two Different Directions University of Phoenix ECO/365 Ver.4 Principles of Microeconomics Abstract: The following article is regarding what is most important to everyone around us regarding the pricing for gasoline at the pumps. This is a topic that concerns most people on this planet, why are the prices for gasoline so high and is it regarding the greed of oil producing companies to continue to keep rising the gasoline prices as high as possible. We will discuss the many reasons...

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ECO 365 Current Market Conditions Competitive Analysis Apple I phone Current Market Conditions Competitive Analysis ECO/365 Factors that affect demand, supply, and equilibrium prices in the market in which the competing organization operates; define the market for your chosen product, including an analysis of its competitors, potential customers, or potential buyers. The cell phone market is a massive market. Some studies conclude that more than half the world has cell phone accounts. One attribute that defines the cell phone market is the idea of consumers giving up their land...

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ECO 365 Current Market Conditions Competitive Analysis Microsoft Xbox Competitive Market Analysis: Microsoft Xbox ECO/365 Competitive Market Analysis: Microsoft Xbox Microsoft capitalized on the need for an operating system for the blossoming personal computer industry. Gates developed the BASIC programming language in the late 1970s, but the DOS operating system created for the IBM personal computer in the early 1980s solidified Microsoft's position. Teaming with IBM on additional projects, Gates and his team also developed a series of languages for new IBM systems: BASIC,...

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ECO 365 Trends in Consumptions Patterns Paper Trends In Consumption Patterns Paper ECO/365 - Principles of Microeconomics For trends in consumption patterns one must anticipate what the consumer is going to purchase. It is the law if supply and demand. When a product is made for people that they feel as though they cannot live without in the mass market, everyone will want it and therefore you have a high demand for it. Look at the coffee shop industry and the coffee business. The market for specialty coffees has become very popular since consumers are more knowledgeable of...

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ECO 365 Final paper Competitive Strategies and Government Policies University of Phoenix ECO 365 Competitive Strategies and Government Policies In every industry companies must come up with competitive strategies to keep the interest of consumers. They also have to abide by government policies or they could face fines or would have to close their businesses. Airlines have been around for a long time and their competitive strategies are what make them appealing to the customer and keep them coming back. The airline industry has been in operation since 1925, providing a more...

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Competitive Strategies and Government Policies ECO 365 Since the beginning of the last century, automobile companies have fought for control of a quickly expanding market in the newly created automobile industry. Hundreds of companies attempted to secure their place in market but ultimately, only three companies remain today (Wright, 2012). The decisions, mergers, and products those three companies made is ultimately what kept them going. Starting a business and ensuring its success are two different things entirely. A successful business will recognize the need to adapt to the...

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What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits? What are economic profit-maximizing strategies that may be made by a perfectly competitive firm, a monopolist firm, and a monopolistic competitive firm? Provide examples and explain the strategies' effectiveness in their respective market structures. When economic profits are maximized a firm will experience peak performance. Changes in production affect profit. Therefore, the change in production affecting profit is determined by the marginal revenue and marginal...

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A+ TUTORIAL FOR ECO 365 Week 4 Team Reflection with references! Use this paper as a reference to help you write a great paper! ECO 365 Week 4 Team Reflection

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Kudler Fine Foods ECO 365 Kudler Fine Foods Kudler Fine Foods (KFF) is a specialty gourmet store established in 1998 in La Jolla, Ca by Kathy Kudler. Kudler has since opened two additional stores in Del Mar and Encinitas. Kathy Kudler is requesting a market analysis, a review of competitive strategies and recommendations based on the results to maximize profits. The consultation will cover marketplace competition while defining the strengths and weaknesses of KFF. Positive and negative points of KFF's market structure will show competitive strategies that can contribute to long-term...

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Supply and Demand Simulation ECO 365 The purpose of this paper is to discuss the Supply and Demand simulation from the student website. The idea is to identify two microeconomic and two macroeconomic principles present in the simulation and to explain why these principles are categorized as macro or microeconomic. The paper will also determine one shift of the supply curve and one shift of the demand curve from the simulation, as well as why these shifts happen. Their impact on the equilibrium price, on decision making, and on quantity will be also analyzed. Then, it will refer to...

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Supply and Demand Simulation ECO 365 Supply and Demand Simulation This supply and demand simulation teaches how to respond to changes due to the shifts in the market. Whenever there is a change that means several factors that need to be looked at. A number of factors, including price increases or decreases, cause changes in supply and demand. If demand rises, the supplier should increase supply to achieve larger profits from increased sales at higher prices. An increase in the rental price of two roomed apartments caused a decrease in the demand of houses by a large margin....

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Current Market Conditions Competitive Analysis ECO 365 Current Market Conditions Competitive Analysis Chatter Box is a Cell phone Manufacturer, which has been in business since 1990. Our company has stayed in business so long because of the ability to provide customers with reliable and durable products. We have not had many issues keeping up with the advances in technology; however, recent research has shown us that the competition for cell phone is growing every day. We have also found through extensive research that more customers are moving away from computers and laptops...

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Current Market Competition: Analysis ECO 365 Current Market Competition: Analysis Electronics over the past fifteen years have become an everyday essential in today's market. The use of personal computers skyrocketed from being in higher income households to common place in almost every home. Equalus Inc. is excited to jump into the world of desktop computers and notebooks by providing service to the masses of a "build-your-own" personal system with tech help and customer service all originating within the United States. Based on a series of questions Equalus will be able to...

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ECO 365 Differentiating Between Market Structures in Kudler You will apply important microeconomics concepts toward the competitive strategies of the Kudler Fine Food Virtual Organization that affect its long-term profitability. You will evaluate the differences between market structures and review the organization's strategic plan, marketing overview, market surveys, and other material to evaluate the organization's competitiveness in the marketplace, including its customers' views. In the process, you will identify the market structure that you believe best applies to this organization,...

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ECO 365 Week 4 - DQ Week 4 - DQ 1 What is an externality? Provide at least three examples. How does one of the examples you provided affect the market outcome? What is the role of government in addressing the implications of an externality you provided as an example? Is it possible that a government's solution to a market failure would worsen the failure? Explain your answer. Response #1 An externality is an effect "of a decision on a third party that [is] not taken into account by the decision maker" (Colander, 2010, p. 486). According to Colander some examples of...

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Running head: ARTICLE ANALYSIS PAPER Article Analysis Paper Food Consumption Pattern (1300 Words) ECO 365-Week 1 University of Phoenix Introduction Childhood food consumption patterns have been changing over the last three decades with the result that that most children are faced with obesity than ever before. The shift from food from home lunches to restaurant foods and fast food lunches, or junk food, is a major contributory factor. For most parents it is easier for them to give their children money to buy food than to prepare lunches at home. The...

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ECO 365 Week 1 DQ 2 What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply and demand in decision making.

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ECO 365 Week 1 DQ 3 What is the definition of price elasticity of demand? Explain the relationship between price elasticity and total revenue? How does price elasticity of demand affect a firm's pricing decisions? How does the availability of substitutes affect price elasticity of demand? Provide examples.

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Running head: SUPPLY AND DEMAND SIMULATION Supply and Demand Simulation University of Phoenix ECO 365-Week 2 900 Words Introduction A number of factors, including price increases or decreases, cause changes in supply and demand. An incremental decrease in the rental price led to a huge increase in the demand for houses. Similarly, an increase in the rental price of two roomed apartments caused a decrease in the demand of houses by a significant margin. Suppliers were willing to supply more houses at higher prices and fewer ones at reduced rents (McDowell et...

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ECO 365 Week 2 DQ 1 What is average productivity? What is marginal productivity? Explain the relationship between marginal and average productivity. What would happen to marginal and average productivity if a technological innovation is introduced to the production process?

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ECO 365 Week 2 DQ 2 What is the law of diminishing marginal productivity? Give an example from your workplace of the law of diminishing marginal productivity? Might diminishing marginal productivity impact the costs?

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ECO 365 Week 2 DQ 3 Why is the demand of labor a derived demand? Explain the shape of the supply of labor curve. What is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income?

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Running head: Operation/Industry Paper Organization/Industry Paper University of Phoenix Eco 365-Week 2 1250 Words Introduction For many years, people across the United States has sought out ways in which to make money, and at the same time, provide for people a place where they can go and buy the necessities they need. Entrepreneurs from across the United States had ideas that seemed logical, but in actuality were not. Stores, business, and companies have been built, only to last for a short time. Not every store or business built has...

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ECO 365 Week 3 DQ 1 What are the conditions for a perfectly competitive market? What are the conditions for a monopolistic market? What are the conditions for a monopolistic competitive market? What are the conditions for an oligopolistic market? How would you explain the differences among these market structures? Identify which market structure your organization competes in and why you think so.

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ECO 365 Week 3 DQ 3 What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets? How do market prices differ between perfectly and imperfectly competitive markets? Will a monopoly always produce at a profit-maximizing level of output? Explain your answer.

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ECO 365 Week 4 DQ 1 What is an externality? Provide examples. How does an externality affect the market outcome? Is it possible for a government's solution to a market failure to actually worsen the failure? Explain your answer.

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ECO 365 Week 4 DQ 2 What are the differences among horizontal, vertical, and conglomerate mergers? What does the U.S. government hope to achieve through the use of its antitrust policy? How do the resolutions of the IBM, AT&T, and Microsoft antitrust cases differ? How does international competition affect domestic antirust policy?

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Running head: Market Trends Learning Team Market Trend Paper ECO 365-Week 4 University of Phoenix 1800 Words Introduction When one dreams of opening a successful business, they hope to create one that is profitable, yet fair in the market place in which they compete. Every businessperson wants his or her company to be the best and wants to create an empire that surpasses all expectations. Unfortunately, they eliminate all competitors seeking their own success. One such company is the mega-retailer, Wal-Mart. Market Structure The monopolistic...

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ECO 365 Week 5 DQ 1 What are the impacts of innovation and technology on the cost of production? How does technology affect market structure and real-world competition? Which market structure is best suited for technological innovation? Explain your answer. How has technological innovations affected your organization?

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Running head: ARTICLE ANALYSIS PAPER Article Analysis Paper ECO 365 Introduction Childhood food consumption patterns have been changing over the last three decades with the result that that most children are faced with obesity than ever before. The shift from food from home lunches to restaurant foods and fast food lunches, or junk food, is a major contributory factor. For most parents it is easier for them to give their children money to buy food than to prepare lunches at home. The two-parent working family means that there is little time for the parents to prepare for...

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ECO/365 Version 4 Principles of Microeconomics Learning Team Competitive Strategies and Government Policies Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points. Write 1,400 - 1,750-word paper in which you describe how each of the following are or potentially will affect your industry or one with which you are familiar: New companies entering the market, mergers, and...

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ECO/365 Version 4 Principles of Microeconomics Learning Team Competitive Strategies and Government Policies As a team, choose an industry. Assume management in that industry has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points. Write a 1,400 - 1,750 word paper in which you describe how each of the following are now, and will in the future, affecting your chosen industry: ? New companies...

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Supply and Demand simulation Rachel Ortiz ECO/365 March 17, 2014 J. Leeson Supply and Demand Simulation - Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic. Supply and demand was affected by decreasing the rent to lower the vacancy percentage and maximize revenue for the company. This process is considered a temporary fix on a month-to-month basis and a good example of microeconomics. Another example of microeconomics is when the new company...

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Competitive Strategies and Government Policies Team A ECO/365 date Instructor Competitive Strategies and Government Policies Alternative fuel is a big issue becoming more of a common discussion topic among many firms around the world, along with politicians all over the world. There are many regulations and government policies that will come into play in the years to come for the fuel market and those involved. There will be negative and positive externalities involved, issues that will need to be adjusted to, for example new companies entering the market, globalization...

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A+ Grade Solution ECO 365 Week 2 Individual Assignment Supply and Demand Simulation (Microeconomics and the Law of Supply and Demand) University of Phoenix Watch the Khan Academy Video "Changes in Market Equilibrium" located in the Week 1 Khan Academy Videos. Write a 1,050- to 1,400-word paper summarizing the content of the simulation and address the following: • Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video. • Explain why you have categorized these selected principles or concepts as microeconomics or...

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_A+ Grade Solution_ ####**ECO 365 Week 3 Current Market Conditions Competitive Analysis** You have been given the responsibility of working with your organization's CEO to do a competitive market analysis of the potential success of one of their existing products. Select your organization and a product produced by that organization from Industry Week. Write a 2,100-word analysis of the current market conditions facing your product, making sure that you address the following topics: • Define the type of market in which your selected product will compete, along with an analysis of...

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Current Market Conditions Competitive Analysis Manuel A. Munoz ECO/365 May 28, 2014 Dr. Gibran Rezavi Current Market Conditions Competitive Analysis Android operating system is one of Google's many products available in the market and its popularity grows bigger as technology expands and more cell phone manufacturers opt to choose Android as their operating system. The competition is hard as Android faces operating systems such as Apple's iOS, Window's for Microsoft and Blackberry. Although in some cases the company's geography matters while conducting business, the case is not the...

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Current Market Conditions Competitive Analysis Manuel A. Munoz, Sandra Burnette, Ryan Martin, Jessica Edwards ECO/365 May 28, 2014 Dr. Gibran Rezavi Current Market Conditions Competitive Analysis Factors Affecting Supply, Demand, and Equilibrium Factors that affect demand in any market include the amount of buyers, the average income of the buyers, consumer expectation for income and prices in the future, and the price of available substitutes. The buyers in the Android market are the consumers who purchase mobile-technology devices run based on Google Android software, such as...

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Final Exam ECO/365 Question One What is the most important determinant of price elasticity of demand? Why is this so? Price elasticity that relates to demand is determined by many factors. Price elasticity is measured by the change in price and the response from consumer demand. The demand of a good or service will vary the price in the item. The most important factor to determine the price elasticity of demand is necessity. If a good is a necessity, the demand will seldom change and the price is able to be adjusted. The demand is the most important due to the freedom it...

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ECO 365 Individual Assignment Differentiating between Market Structure Simulation For this assignment, you will choose from the following options: o Option 1: Differentiating Between Market Structures in Kudler o Option 2: Differentiating Between Market Structures in an Organization of Your Choice Read the instructions in the University of Phoenix Material: Differentiating Between Market Structures located on the student website and select one option to complete the assignment.

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ECO 365 Kudler Fine Food Analysis SAMPLE Kudler Fine Foods is a food store located in San Diego that deals with upscale fine foods. In addition, Kudler provides goods including pastries, produce, meat and seafood, condiments, cheeses, and wine and beverages in three different locations in the metropolitan area. Its stock consist of food product that are both domestic and imported, in addition to each type of good categorized under its specific department within each of three store. Kathy Kudler the founder of Kudler seeks consultants to perform a marketing analysis that will...

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ECO 365 Current Market Condition and Competitive Analysis SAMPLE Introducing a new product to a market can be costly to a company if not thoroughly analyzed. There should be a demand, and if not already acknowledged, then a demand will need to be created. Luckily, the demand for gaming is high. Most gamers look for the next big item, i.e. device or game. Nintendo has a great opportunity to turn this demand from wired stationary devices and small wireless handheld devices into an on-the-go Wi-Fi gamers dream product. This demand should give Nintendo some fair profit margins on its...

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ECO 365 Current Market Conditions Competitive Analysis ****HERE IS A SAMPLE OF THE ESSAY***** Makerecommendations on how your organization can maximize their profit-making potential, and successfully compete in the new market. Consider the effect your recommendations may have on marginal revenues and costs. Current Market Conditions Competitive Analysis A short history of the Nike organization and a description of their product. Phil Knight and Bill Bowerman were two ambitious men that developed a change in athletic footwear that is known as Nike. Bill Bowerman was a nationally...

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University of Phoenix Material ECO 365 Differentiating Between Market Structures Table Compare the four market structures by filling in the table. Perfect competition Monopoly Monopolistic competition Oligopoly Example organization Stock exchange Amtrak, Cable tv Restaurants Cellphones like AT&T Goods or services produced by the organization Trades of goods and products Transportation, entertainment

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Supply and Demand Simulation ECO 365 Supply and Demand Simulation The Supply and Demand simulation was reviewed on the student website. The Supply and Demand Simulation consist of microeconomics and macroeconomics concepts. The concepts are explained and how they apply to the principle of microeconomics and macroeconomics. The simulations presents shifts in the supply and demand curve, the rationale for the shift is given. Each shift is analyze showing the effects of the equilibrium price, quantity, and decision making for the company presented. The concepts learned in the...

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Week Two Summary ECO/365 Week Two Summary Week Two has been an interesting, yet exciting, week for Learning Team C. The discussions this week included the law of diminishing marginal productivity, the cost of production, supply and demand, and marginal revenues. There were struggles for some members as attempted to fit the learning objectives into their work experiences, as the topics covered fit more those in fields of production. Through discussion, however, came understanding and now Team C is ready to move on to Week Three. Upon discussion of the law of diminishing marginal...

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Week Three Team Reflection ECO/365 Week Three Team Reflection As week three draws to a close, Learning Team C discussed the learning objectives. The team covered the different types of market and their characteristics, how to evaluate the effectiveness of competitive strategies, and profit-maximizing strategies. As with previous weeks, there were some struggles to understand the topics, but through classroom interactions with others, team members overcame these obstacles. The first learning objective that Team C tackled had members comparing various market structures and their...

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Current Market Conditions: Introducing a New Tablet ECO/365 Current Market Conditions: Introducing a New Tablet In 2010, in response to rumors of 7-inch tablets being introduced to the market, Steve Jobs simply said, "7-inch tablets are tweeners: too big to compete with a smartphone and too small to compete with the iPad" (Chen, 2010). While Apple has stayed true to this, many tablet manufacturers have introduced tablets smaller than the iPad, and they are meeting success. Samsung has introduced the Galaxy Tab, which is generally just 7 inches, although it also comes in a 10.1 inch...

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Differentiating Between Market Structures in Kudler ECO 365 Differentiating Between Market Structures in Kudler As a hired consultant a market analysis is performed for the Kudler Fine Food Virtual Organization. To gain full review of the company's potential the organization's strategic plan, marketing overview, customer's views, and market surveys are reviewed. The information will allow an understanding of the company's competitiveness within the industry. The market structure that best relates to the virtual organization is revealed to access whether the organization has the...

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Week 4 Reflection ECO 365 Week 4 Reflection This week's objectives seemed less complex than the previous week. The team was more comfortable with all three objectives. Consequently, the entire team was more engaged with the objectives as they related more to their jobs and businesses. Researching externalities that include pollution, and personal externalities, merging (vertically, horizontally, spin-off's), and government interventions. The discussion of each objective is noted below. 4.1 Analyze the effect of externalities on market outcomes. From the text externalities are...

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Competitive Strategies and Government Policies ECO 365 Competitive Strategies and Government Policies Companies are becoming more competitive over the course of time. As the population grows so do new company's aiming to be successful. For a construction company, this is especially true. Current businesses and new businesses want growth and the construction companies are who make the physical structure of the business happen. Included in this paper, is a discussion of how horizontal mergers, government policies and regulations related to externalities, and business decisions by...

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Why is the demand of labor a derived demand? What is the relationship between productivity and the wages earned by employees where you work or at an organization with which you are familiar? What are some factors that determine the level of your income? Explain your answer. The demand of labor is different between those that work for themselves versus employees of a company. In a situation where one is self-employed, the individual determines the supply of labor, including hours the service is available, and how much the service will cost. In a traditional employment situation,...

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Why is the demand of labor a derived demand? What is the relationship between productivity and the wages earned by employees where you work or at an organization with which you are familiar? What are some factors that determine the level of your income? Explain your answer. The demand of labor is different between those that work for themselves versus employees of a company. In a situation where one is self-employed, the individual determines the supply of labor, including hours the service is available, and how much the service will cost. In a traditional employment situation,...

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DISCUSSION QUESTION: What are the conditions for a perfectly competitive market? What are the conditions for a monopolistic market? What are the conditions for a monopolistic competitive market? What are the conditions for an oligopolistic market? How would you explain the differences among these market structures? Identify which market structure your organization competes in and why you think so. A.) What are the conditions for a perfectly competitive market? Discuss barriers to entry, number of firms, profit maximization point, profit potential and demand curve shape. ...

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What is an externality? Provide at least three examples. How does one of the examples you provided affect the market outcome? What is the role of government in addressing the implications of an externality you provided as an example? Is it possible that a government's solution to a market failure would worsen the failure? Explain your answer. Externality is defined as an affect of a decision on a third party not taken into account by the decision maker. There are two types of externalities being positive and negative. Secondhand smoke would be a negative externality. The smoker does...

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Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. The marketing director has asked your team to do a competitive market analysis to determine the product's potential success. The analysis will focus on your primary competitor in the product's market. Selecta potential competitive organization and a product in that organization. Writea 1,400- to 1,750-word paper analyzing the current market conditions. Address the following topics: A short history of the organization and a description of their product Factors...

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Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. The marketing director has asked your team to do a competitive market analysis to determine the product's potential success. The analysis will focus on your primary competitor in the product's market. Selecta potential competitive organization and a product in that organization. Writea 1,400- to 1,750-word paper analyzing the current market conditions. Address the following topics: A short history of the organization and a description of their product Factors...

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The Ultimate Goal of the Session Long Project is to identify and evaluate the ethical principles used in resolving ethical dilemmas, and to apply the principles to specific ethical issues that may have professional, sociological, economic, legal or political implications. Task for Module 3: Focusing on the "implications" stated above, discuss conditions under which it is ethical for physicians to perform abortions. Assignment Expectations: 1.Be sure to identify and discuss applicable state and federal laws/regulations as well as ethical theories and principles. 2.Your...

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Week 1 Discussion Question 2 Due Day 5: Saturday What resistance to change have you experienced in yourself and in your agency? How was it overcome? I have experienced resistance to change in my company. The reason for this is that technological advancements are doing a great job of making the jobs of many employees obsolete. Basically a computer system was created to provide all the information regarding an apartment and even show them the apartment for rent online in detail instead of a leasing consultant (an actual person that physically speaks to a prospect and shows them...

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What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity affect the cost of productions? Provide an example from your workplace. The basic definition is that adding variable factors to fixed factors may cause diminishing marginal productivity. The textbook neglects to describe the factors that contribute to this phenomenon. My experience proves that adding employees to a known and consistent deliverable may not yield increased production. This is proven when employees do not continue the same production level when they can depend on...

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Discussion Question Two - please post your response to this question by clicking reply. DQ #2 is due by Saturday of this week. What reports are routinely used in your job type? What changes to the reports would you recommend-frequency, consolidation of information, benchmarks, or comparison data-and what benefits would they provide? The reports, if you want to call them that, that are routinely used in my job is census sheets. Census sheets gives a list of patients, their room number and the diet the doctor order them to have. The census sheet has come many forms over the years...

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What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets? How do market prices differ between perfectly and imperfectly competitive markets? Will a monopoly always produce at a profit-maximizing output level? Explain your answer. A real life example of a monopolistic competitive market would be the laundry soap market. IN this market there are many sellers such as Tide, Cheer, All, and Gain to name a few. Each product differs slightly but the purpose of each product is the same,which is to clean soiled laundry. This market has few barriers for...

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University of Phoenix Material Differentiating Between Market Structures Table Compare the four market structures by filling in the table. Perfect competition Monopoly Monopolistic competition Oligopoly Example organization Agriculture company Electric Company Colgate Sprint Goods or services produced by the organization Corn Electric Toothpaste Cell phone service Barriers to entry There are no barriers to entry. There are numerous barriers of entry for a monopoly. Start up cost are high and prevent other companies the ability to enter the market. Patents...

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Explain the advantages and disadvantages of vertical communication in an organization. Identify one advantage and disadvantage that you might encounter For starters, from my understanding Vertical Communication takes place within an organization when top level management wants to communicate their goals, mission, instruct or evaluate policies and procedure with employees and office staff. This is important because it's how organizations communicate with management and its employees. Management starts at the top and information is conveyed to supervisors or leaders within the company, in...

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Public Policy Manuel Munoz ECO/365 June 4, 2014 Dr. Gibran Rezavi Public Policy Part A. (a) Asymmetric information- Situation where there is imperfect knowledge and party in a transaction has more or superior information compared to another. This often happens in transactions where the seller knows more than the buyer, although the reverse can happen as well. Example- Car sales or Real Estate usually the seller has much more information on the car or house and knows more details about it. For instance, the seller may know of imperfections on the vehicle, bad parts,...

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Current Market Conditions Competitive Analysis Manuel A. Munoz ECO/365 May 28, 2014 Dr. Gibran Rezavi Current Market Conditions Competitive Analysis Android operating system is one of Google's many products available in the market and its popularity grows bigger as technology expands and more cell phone manufacturers opt to choose Android as their operating system. The competition is hard as Android faces operating systems such as Apple's iOS, Window's for Microsoft and Blackberry. Although in some cases the company's geography matters while conducting business, the case is not the...

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Current Market Conditions Competitive Analysis Manuel A. Munoz, Sandra Burnette, Ryan Martin, Jessica Edwards ECO/365 May 28, 2014 Dr. Gibran Rezavi Current Market Conditions Competitive Analysis Factors Affecting Supply, Demand, and Equilibrium Factors that affect demand in any market include the amount of buyers, the average income of the buyers, consumer expectation for income and prices in the future, and the price of available substitutes. The buyers in the Android market are the consumers who purchase mobile-technology devices run based on Google Android software, such as...

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Mergers and Joint Ventures Ryne Bennett August 25, 2014 ECO/365 Franny Chan Mergers and Joint Ventures When a company is first born the last thing on its owners mind is merging with another company. A merger is sometimes a voluntary and sometimes and involuntary transaction. If a company has found itself in a place of financial difficulty or is simply exhausted all its resources to remain open, a merger may be the only way its employees can retain their position. The alternative would be to close its doors and give up. Below we will discuss the differences between horizontal,...

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Supply and Demand simulation Rachel Ortiz ECO/365 March 17, 2014 J. Leeson Supply and Demand Simulation - Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic. Supply and demand was affected by decreasing the rent to lower the vacancy percentage and maximize revenue for the company. This process is considered a temporary fix on a month-to-month basis and a good example of microeconomics. Another example of microeconomics is when the new company...

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CJA 324 Ethical Dilemma Worksheet SAMPLE Incident Review 1. What is the ethical issue or problem? Identify the issue succinctly. The moral agent is the probation officer. The probation officer has to make a decision on a recommendation for sentencing. Even though sentencing can range from 0-365 in jail. The probation officer finds that the husband has extenuating and unusual circumstances that should mitigate the sentencing time. A third time offense usually begins at a minimum of 90 days in custody. 2. What are the most important facts? Which facts have the most bearing...

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MBA-560 Unit 3 Quiz A+ Grade. 100% correct answers Question Detail: 1. Bay Company began using the allowance method in 2010. On January 1, 2010, Bay had a $3,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2010, Bay provided $25,000 of service on account. The company collected $21,000 cash from account receivable. Uncollectible accounts are estimated to be 2% of sales on account. The balance in Accounts Receivable as of December 31, 2010 was: (Points : 2) $7,000 $4,000 $8,000 $500 2. Bay Company began...

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