Economic Anwers Essays - 796 Words

Sarah Grumbine AP Economics July 26, 2013 What’s to Love about Economics? 1. Law enforcement agencies seek for lawbreakers to create problems in which they are fined for crimes they have committed. They want this to happen in order to create fines for these criminals in order for the agencies to make a certain amount of revenue from the fines that the lawbreakers pay as a consequence of their actions. Some laws that law enforcement agencies set up in order to create this type of revenue off of lawbreakers include speeding tickets. The action of speeding can cause more good than harm because of the amount of revenue that speeding tickets can produce, compared to the amount of speeding related automobile accidents that people who†¦show more content†¦I carry out activities until the marginal costs equal the marginal benefit by paying for dance classes. I take dance classes that are beneficial to me and are at the skill level I’m at. Once a class is no longer challenging me to be a better dancer, it is time to move onto a higher level. 3. In the event of an impending snow storm, ticket sales for any event would plummet because of the fact that people would not want to risk going out into the storm just to see a show. Other changes that could influence ticket sales would be other activities in the city that day, the time the show starts, and the price of the tickets. Assumptions about the ticket sales that could be made would be that the tickets would be sold in higher numbers because whole families would be going to the show. 4. I believe that it is rational for some people to end their formal education with a high school degree, some to finish with a college degree, and some to obtain graduate degrees. Being able to pay tuition is one reason why people may not go to college, but there are many there reasons as well including family reasons and personal situations. Some people may not want to leave their families and attend college. Others might have a spouse that is in a financially stable situation where it is not important for them to work. These reasons lead peopleShow MoreRelatedMartins Textile782 Words   |  4 Pagesto his companys longtime employees, is this. NAFTA will remove all tariffs on the trade of textiles between the U.S., Canada, and Mexico within 10 years. Textiles manufacturing is a low-skilled, labor-intensive business. As a result, the simple economics of the industry suggests that the under the auspices of NAFTA, the majority of textile manufacturing in the U.S. will move to Mexi co, where wage rates are considerably lower than in the U.S. When he first realized the full implications of the NAFTARead MoreThe Impact Of Ifrs Adoption On Accounting Quality And Its Implication Essay1105 Words   |  5 Pagesbases results in more accurate reflection of underlying economics. 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Anwer :- If you use CAPM for the simple DCF analysis: Return = rf +B (rm-rt) rf=5.762  Ã‚  Ã‚     Ã‚  Ã‚   Return =5.762+.75(10.5-5.762) B=.75  Ã‚  Ã‚     Ã‚  Ã‚     Ã‚  Ã‚   =9.32%=Discount rate rm=10.5 $5.1/(1+.0932)=$4.76 (it is in range of the rest of the comparable firms) Read MoreYemens Water Crisis and the Pending Destabilization1671 Words   |  7 Pagesand the Pending Destabilization The country of Yemen is on the verge of imploding due to a water crisis. When the water runs out Yemen will destabilize and with it the entire Horn of Africa (HOA). The United States has many ongoing militaristic, economic, and diplomatic interests in the HOA. In order for the Horn of Africa to remain stable the United States needs to take a different approach with its humanitarian efforts in Yemen, utilizing the full support of the military. If delivery and implementationRead MorePerception and Individual Decision-Making1619 Words   |  7 Pagesbiases/errors In many instances, shortcuts are helpful; however, they can lead to severe distortions of rationality (BIASES) OVERCONFIDENCE bias: the tendency to be far too optimistic when we are given factual questions by judging that our anwers are correct. ANCHORING bias: a tendency to fixate on initial information, from which one then fails to adequately adjust for subsequent information. CONFIRMATION bias: the tendency to seek out information that reaffirms past choices and discountRead MoreNovo Nordisk Case Study: Mexican Experience from a Danish Firm: â€Å"Changing† Mexican Culture1666 Words   |  7 Pageshome country. Novo Nordisk a Danish practices which started operations in Mexico in 2004, it is an interesting case that provides a clear example about how to get that ideal equilibrium between standardization and localization. ii. Questions and anwers 1. 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My Spiritual Gift Example

Essays on My Spiritual Gift Coursework My Spiritual Gift It has been said that every human being is blessed with unique gifts. I too have been blessed with a ministering spiritual gift. I started developing interest in church at a very tender age of about seven. I never knew where I was heading to nor what I really wanted in church but I realized that I really loved it. Some years later I became so active, always trying to serve the church through various activities like joining choir and doing some voluntary work. One day when I was just sitting while listening to a gospel program in the radio, I heard of some interesting verse from the book of Luke. The verse was read so fast that I couldn’t get the exact words. So I grabbed my bible to check the out the verse. The main reason that made me want to find this chapter is because I wondered how the Holly Spirit can make someone to serve the poor. Through my trying to find the exact verse, I gained interest in the Bible and before I knew it I was reading the whole boo k of Luke, chapter by chapter. When I got this chapter, Luke 4:18 to be exact, I felt something strange touch me. The service to the poor I had thought of was not exact, but it said preaching to the poor. This day was on a Saturday and I felt some strong urge to share it with my pastor on Sunday, the following day. That is when my pastor informed me that may be God has given me that gift of ministering, and he encouraged me to try preaching. My first attempt was not very moving and I got discouraged but I never gave up. As we speak today, I am a youth pastor at my church. In conclusion, with this gift I have helped people convert from their sinful ways and therefore I am helping build the society and above all, I am bringing people to God.

From Here to Now to You by Jack Johnson free essay sample

Ive got everything, Ive got you Ahhh, sweet music to my ears. Jack Johnsons album From Here to Now to You is pure gold. It says what our hearts can not, and is both powerful and uplifting. Everything from the perfect melodies to Jacks perfect lyrics filled with rich honey. Completely delightful and satisfying, this album is a must have for any Jack Johnson fan. On May 18th, 1975 a true legend was born into the beautiful and welcoming Hawaiian beaches. I am absolutley blown-away by Jacks album. It is phenomenal, I can just picture myself sitting on the sunny beaches of Maui, headphones plugged into my ears, listening to the both cool and hot sounds from Jacks new hit. Everything from this album screams DANCE! Its inspirational and makes you feel great about yourself. I am not suprised that this album is pure genius, everything from Jack is. We will write a custom essay sample on From Here to Now to You by Jack Johnson or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I was extremely impressed by From Here to Now to You, the beautiful songs made my liking for Jack grow a couple football fields more. I plan to purchase this complex and ingenious album. Along with buying tickets to see Johnson live in concert. This will most definitely be the best concert I will go to. How I know this? Once youve listened to From Here to Now to You, you will both know and understand. Oh, dont thank me for shedding some light on you, thank Jack, for his beautiful work of art, that makes me smile day after day. Thank you.

Strategic Management Nintendo Wii International

Table of Contents Introduction The Problem Analysis Alternatives – 3 possible ways to solve the problem Recommendation Conclusion References Introduction Establishing appropriate organizational strategic management is vital. Strategic management helps in attaining viable competitive advantages for any organization. With reference to the Nintendo Wii-International’s case study, this paper aims at identifying how the company grew to success. Nintendo was established in 1889 with the intent of manufacturing playing cards.Advertising We will write a custom essay sample on Strategic Management: Nintendo Wii International specifically for you for only $16.05 $11/page Learn More In 1979, it developed a first game system. Subsequently, the company developed the first LCD video game of its kind. It was unique as it had a microprocessor. Five years after, The Nintendo Entertainment System that had 8 bits was developed. The video console performed well in terms of sales as it was one of its kind and none of those in the market by then could measure up to its features.Further, through a critical analysis, the paper will also seek to determine the strategies and reccoimendations that company should adopt so as to remain relevant in the market (Drezner, 2007). Analytically, success of the Nintendo Company can be attributed to having a clear vision. The founder of this group intended to reach a wide range of people in an effective manner employing the use of appealing, in addition to, high quality products while observing the most viable ways to generate profits. The Problem There are several challenges faced by the company according to the case study. Foremost, the company had to cope up with the growing demands for their products. Additionally, competition has be a considerable problem for Nintendo. Currently, the company is only limited to some regions of the world. It ought to access other international markets, as well (Mic hael, Hitt, Ireland Hoskisson, 2012). The second challenge faced by the company includes making a decision as to succeed items that are of higher margin. The company has to establish the manner in which it will ensure expanded programming such that it will include reality television shows, which are based on themes, as well as, the designer fashions. In the same context, the company gas to decide how to be successful considering the actively searched out products, which are proprietary in nature, either from the suppliers or even from the entrepreneurs, who have gained a new entry into the United States Market.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The third challenge that the case study depicts are the continued competition and expansion through the internet, applications of mobile devices, video streaming, in addition to, interactive television shows (Haberberg Rieple, 2008). F urther challenge concerns the growth of the company. According to the case study, it is evident that Nintendo has continued difficulties in establishing growth trends. However, according to the case, there are moves that the company engaged itself in and as such, it is a clear indication that the company is aware of these challenges and, therefore, it is in the process of establishing the most effective measures in order to confront them. Analysis The success of the Nintendo Company and its products can be attributed to having a clear vision. The founder of this group intended to reach a wide range of people in an effective manner employing the use of appealing, in addition to, high quality products while observing the most viable ways to generate profits. Indeed, the title of the company in itself is an aspect of strategic management. As such, the founder established an initiative, which was not only massively inspiring but also overarching. Further, the vision was a long-term one, and as such, it focused the future. The founder was also passionate in his journey towards accomplishing this vision. On route to success, the founder established the guiding values, goals, in addition to aspirations (Drezner, 2007). Another success factor is the company’s mission. According to the case analysis, the founder wanted to establish a company that would be cost effective in its operation while still ensuring that it responds to its customers. However, vision and mission cannot be used singly to obtain success. This implies that they have to be linked up using objectives. The founder of this company did establish remarkably clear objectives. Some of these objectives include expansion of the client reach with the help of technology. Another objective is ensuring that both the existing client service and the standards of product quality have been maintained regardless of the channel of distribution utilized. This indicates that the founder indeed recognized the trad e-offs between the two in an extraordinarily efficient manner. He also intended to focus unique, quality, in addition to, high margin products. Further, he intended to involve a number of stakeholders in decision-making. As such, he involved both the small as well as the large vendors in the search towards efficiently finding the products that would be more entertaining. This implies that he acknowledged the aspect of strategic management through the action of hiring a number of seasoned television executives.Advertising We will write a custom essay sample on Strategic Management: Nintendo Wii International specifically for you for only $16.05 $11/page Learn More For the objectives of the company to be attained effectively, several actions have to be considered. Foremost, the company must ensure that it keeps the current offerings with the advent of technology. Another thing that the company ought to ensure is that it not only scans but also monitors th e external environment. Through this, the company will be able to identify trends in the consumer market, trends in vendor product advancements, as well as, each move initiated by a competing business. Further, the company should ensure that it provides a working environment, which is exciting in nature. The company should ensure that the working environment guarantees that the employees will be committed to the notion of delivering quality at the first instance. In general, the successful spell of Nintendo Company can be materially attributed to the strategic management approach adopted by the founding father. Through strategic management, an organization is usually in the right direction and in a good position to achieve a greater market share and, therefore, competitive advantage over the other firms. According to the case study, the company incorporated the use of several strategies in ensuring that it endures a successful performance. In strategic management, there are several strategies adopted. However, many organizations focus on three principal ones, which include, analysis, formulation, in addition to implementation. Strategic analysis concerns the strategic goal, which is the vision, the mission, as well as, the strategic objectives. On its part, strategic formulation involves making decisions of which industry it should engage in as well as making decisions on how the organization should compete in the identified industry. The third strategic concept is implementation. This strategic management approach concerns the allocation of the essential as well as the necessary resources in order to operate. Further, this approach involves designation of the organization. Here, the management is required to deliver the operations by bringing the intended strategy into operational reality. Alternatives – 3 possible ways to solve the problem There are various ways through which Nintendo can solve its problems. Firstly, the company should expand its prod uction capacity so as to serve more cutomers and bar them from resorting to the products of other competitors. The company will be able to anticipate, not only competition, but also other forces existing in the external environment of the company.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The activities depicted from the case study to support that this strategy was adopted include such actions as acquisitions, vertical integration, development of a vendor network, in addition to, understanding the company’s customers. The second possible way to solve the problem encompass strategic formulation. This will diminish the problems of competition by increasing other aspects of competitive advantages. It is also evident in the case study that the company also adopted the strategic formulation strategy (Carrol, 2009). According to strategic management analysts, this strategy concerns making a choice in the manner in which a company will compete. The reasons why this paper notes that the company adopted the strategic formulation is because of the offering of a shopping experience, which is attributed to as posing a low level of risk, while providing products of high quality to the customers. Moreover, the company did this in a way that no other shopping venue did and a s such, Nintendo ’s operations were differentiated. Ways in which the company differentiated itself from the competitors include the creation of a shopping mall that would run twenty-four hours a day for a period of seven days. It also ensured that it was running programs that were based on themes with celebrities. Apart from these, the company ensured that it ran shipment for forty-eight hours. Moreover, Nintendo provided a one-month money back guarantee. Another action that signified differentiated service included institution of a quality control system, which was rigorous in nature, in addition to, linking up with national brands and thus forming a partnership aimed at attracting customers. The third solution is the implementation of strategic measures in management within Nintendo Wii-International. According to the findings of the research conducted by Haberberg Rieple (2008), it is indicated that strategic implementation concerns marshalling the company resources in a manner in which coordination, as well as, the integration of activities will be done easily and effectively in an effort towards the achievement of the chosen strategy. Recommendation All of the above alternatives are viable and can lead to the establishment of the most ideal solution to the existing problems on competitiveness, product viability, and production expansion. To support this assertion, the company will be able to anticipate, not only competition but also other forces, as well, existing in the external environment of the company. The alternative of expanding the company’s production capacity is more weighty. Expansion can occur through mergers and acquisition of other international organization so as to reach the global market easily. About acquisitions, the company should acquire other business so as to enhance its market penetration. Finally, the company should ensure that it focuses on understanding its customers, as well as, their needs and services (Carrol, 2009). This is evident in the case of Nintendo through various activities. The three crucial ways in which the company did this is by innovating while making use of creative merchandising (Dess, Lumpkin Eisner, 2012). Conclusion Nintendo Wii is a successful product despite the looming competition it receives from other products. Nonetheless, the problems that the company encountered previously have hampered its exemplary performance. Competition, huge demands, and limited production capacity have served as the major problems faced by the company as evident from the case. Analystically, a company that integrates an aspect of strategic management to its operations is in a better position to achieve competitive advantages and increased market divides. The analysis has also established that for the objectives a company to be attained effectively a company has to ensure that it keeps the current offerings with the advent of technology (Dess, Lumpkin Eisner, 2012). Another thing that t he company ought to ensure is that it not only scans but also monitors the external environment. Through this, the company will be able to identify trends in the consumer market, trends in vendor product advancements, as well as, each move initiated by a competing business (Michael, Hitt, Ireland Hoskisson, 2012). Viable alternatives can be used to establish the most ideal solution to the existing problems on competitiveness, product viability, and production development. References Carrol, W. (2009). Strategic communities for knowledge creation: a Western proposal for the Japanese concept of BA. Journal of Knowledge Management, 7 (5). 23-45. Dess, G., Lumpkin, G. Eisner, A. (2012). Strategic management: Creating competitive advantages (6th Ed.). New York, NY: McGraw-Hill/Irwin. Drezner, D. (2007). Avoiding Trivia: The Role of Strategic Planning in American Foreign Policy. Journal of Knowledge Management, 16 (4). 2003, 3-15. Haberberg, A. Rieple, A. (2008). Strategic Management: Theory and Applications. Oxford: Oxford University Press. Michael, A., Hitt, R., Ireland, D., Hoskisson, R. (2012). Strategic Management Cases: Competitiveness and Globalization. Belmont, CA: Cengage Learning This essay on Strategic Management: Nintendo Wii International was written and submitted by user Cannon Ortega to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.