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Economics

Economic Development Research on Small Towns

Introduction A small town is a town with a population of less than 25000 residents and is usually away from the suburban areas. Various researchers have conducted groundbreaking studies on the economic development of small towns and made various conclusions in their reports. Small towns are perceived to have the potential of growing into larger…

Multinational Investment in China

China is one of the economically developed countries in the world with high levels of technological developments. Most multinational firms in the world have set their focus on investing in the country and effectively penetrating its markets. The Chinese economy is stable. Hence, offering an opportunity for continued expansion and high profitability among these companies….

Global Market Place and Its Impacts on the Workplace

The increased competition in the economies has pushed many firms into the global market. The global marketplace encompasses an open economy of countries where shifting of technology and labor can easily be undertaken. Several impacts derive from the global marketplace participation and these include labor mobility, transfer of technology, availability of a wider market, improved…

Managerial Accounting Practices

CVP (cost-volume-profit) analysis is a cost accounting tool used to examine how profits change as sales volume, prices, and costs changes. CVP is a traditional method of evaluating profitability of a business whereby it only considers unit-level activity cost drivers: sales, costs, and prices (Rajasekaran, 2010). CVP is also a technique, used to evaluate the…

Fiscal Multiplier

In the article “Much Ado about Multipliers,” the author talks about the effects of fiscal stimulus such as tax cuts and increased government spending. In 2009, leaders of the G20 economic group met in Pittsburgh and introduced stimulus packages worth 2 percent of GDP in the year 2009 and 1.6 percent of GDP in the…

Management Accounting

The term ‘cost’ is very common term in management accounting. Manufacturing firms incur various costs during the process of production. According to Hafeez, the term ‘cost’ refers to “something of value given up in exchange for something else” (2010). Hafeez also states that cost is the price paid in order to obtain a given good…

Globalization and Organizational Behavior

Introduction Traditionally, organizations concentrated on their home market and most of investments were locally done. Only necessary investments were made abroad. Today, trends have changed and companies that are based in one region invest in others that are located in another continent, through the use us internet or even physically (Robbins, 2003). The ever increasing…

Oil Production in Nigeria

Nigeria is Africa’s largest oil producer and is ranked sixth oil producing country worldwide. Its maximum crude oil production capacity is of 2.5 million barrels a day. Oil was discovered in the Niger Delta in the late 1950s by the British. Almost all the oil reserves are located within the vicinity of the Niger River….

Budget on city of San Jose

San José is one of the largest cities in California. Some people call it Silicon Valley because of the concentration of many technology related companies. San José has quite large companies operating in it. This year’s city budget made a few adjustments. Just like many other cities, San José faced a budget deficit. The city…

Gulf Bank CSR

Gulf bank has been actively involved in various corporate social responsibility activities over the past years. The bank is committed to corporate responsibility. This is where it continues to contribute to economic development while improving taking care of the wellbeing of different stakeholders. For instance, it considers the standards of life of its employees. It…

Monopoly

Monopoly is an enterprise that is the only seller of particular good or services. When the government is absent, a monopoly is free to set the price as it chooses and usually the price set yields the largest possible profit. A monopoly needs not formulate an enterprise that makes more money than other enterprises that…

Phillip Morris: Its Environment and Stakeholders

Phillips Morris international (PMI) is an organization that deals with the manufacture and distribution of cigarettes. This organization mainly has a stronghold in Switzerland since 1957 when it ventured into production and distribution of cigarette product in Switzerland. This was initialized by the signing of production and distribution agreement with Neuchâtel-based Fabriques de Tabac Réunies…

Economic and Social Impacts of Tourism in Canada

Introduction Tourism is regarded as among the most beneficial sectors to the economy of Canada (Holden, 2008). It employs many Canadians and creates billions of income each year; and has been able to create 653400 jobs and generation of income of at least $70.8 billion in 2007. However, tourism’s contribution to GDP in Canada varies…

The United States Welfare State

The political and economic decisions made in this period affected the economic and social inequalities during in America. This paper studies the welfare state of America and its economic and political design during the early twentieth century. It focuses on the Progressive era, the Great society, the postwar era and the Depression during the 1960….

Credit Crunch

Credit crunch results due to sudden decrease in the availability of liquidity in the financial market causing a sudden appreciation in the cost of obtaining a loan from financial institutions. The liquidity in the financial market includes loans or credit. A worldwide credit crunch resulted due to high level of indebtedness, overleveraging of financial institutions…

The Marketing Segmentation Strategy

Marketing segmentation is a very critical component for any business. It determines whether the business will be successful or not. In this case, I have been running a service retailer fast-food restaurant for two years. Notably, the business has been successful all long due to the choice of market segmentation strategies. The following are some…

Economic Hit Man

Confessions of an Economic Hit Man is a book written by John Perkins and published in Berrett-Koehler Publishers; November 9, 2004, New York. Confessions of an Economic Hit Man reveals Perkins’ activities while working as a consulting firm employee. His main task was to convince the developing countries around the globe to endorse trillions of…

Introduction to Financial Engineering

Capital Guaranteed Bonds A capital guaranteed bond is a product that assures an investor to get back at least a portion of his invested capital when the security bought matures (Lhabitant, 2006). In a case where the dollar looses its value, these products will assure the investor of an investment return at the initial dollar…

Fed Warns of Risk to Economy

Fed has been warning of the potential risk to the United States’ economy. As a result, it has established measures to combat economic slowdown. Some of the steps taken by federal to facilitate economic growth include: increasing the rate of employment by improving the labor markets as well as dealing with other summer economic threats….

Monopolies

Monopoly is a market situation characterized by “high barriers to entry” and existence of “a single seller of a well-defined product for which there are no good substitutes” (Gwartney et al. 478). Markets with high entry barriers and few firms offering same products present a perfect environment for monopolies to thrive. Many forces can hinder…

Social Marketing Plan

The Problem The residents of Ontario in Canada have been using a lot of water to irrigate their lawns even during the summer. This has lead the Canadian officials to designing a social marketing program that will sensitive the public on the need to reduce the amount of water used for irrigation. This will involve…

Budget Creation and Monitoring

An operating budget is one of the critical elements of organizations' profitable business performance. According to Penner (2004), "the operating budget is an itemized summary of the revenues and expenses generated by a program, department, or institution over a specified period of time related to the generation of goods or services (operations)" (Penner, 2004, p.71)….

Economy Report of Kazakhstan

Introduction Kazakhstan is the richest and most successful central-Asian economy. Possessing vast natural resources and territories, Kazakhstan has managed to survive the first years of its independence from the Soviet Union without losing its capacity for continuous economic growth. At present, the country enjoys relative economic stability and faces good economic growth prospects. Its economy…

Marketing

Introduction The Estee Lauder Companies Inc. is a marketer and manufacturer of makeup, skin care, hair care, and fragrance products. Estee Lauder’s products are distributed in more than 150 countries, and the number of product names comprises Estee Lauder, Clinique, Aramis, Origins, Bobbi Brown, M.A.C, Aveda and La Mer. It is a universal licensee for…