Business Economics Essays (Examples)

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Economic, Political, Legal and Social Influences on McDonalds

McDonalds is a well-known fast food chain which is impacted by a wide range of macro environmental influences. To remain successful it is necessary for the firm to be able to adjust and adapt to these changes. Some of the most important factors include economic, political, legal and social issues. The aim of this paper is to assess the way in which these factors may impact on the firm and assess the way that the firm has responded and may respond in the future.

key influence within the global economy which has impacted on many firms has been the recession. The general pattern seen in economies during a recession is a decrease in income leading to an aggregate decrease in demand (Nellis and Parker, 2006). The goods and services which are most sensitive to a decrease in demand are the non-essential goods and….

usiness Economics
Vincent

There is a process by which there is both a decrease in the number of jobs that is increasing, and this is coupled with a global transfer of jobs to less developed countries. oth of these have an impact in the decrease in availability of jobs in the advanced countries. The latest news on this front is from the United States. On the 5th of the current month, there was an announcement from the Labor Department that there has been growth in the United States economy and this had led to the creation of 21,000 new jobs. The previous predictions from the economists had been that there would be a creation of 150,000 jobs, and this number is far below the expected growth. The number of jobs created is also far lower then the growth in population that occurred during that period. The rate of unemployment in the population….

Business -- Economics
Business Expectations and Community Involvement

Successful businesses bring many things to the communities in which they are located. Because they are successful and profitable they are often admired by most of the people that reside near them. The question at hand is whether these businesses should concentrate less on their maximization of profit and instead use some of their resources to give back to the communities. It would seem as though the answer to this would be a resounding "yes." Unfortunately, not all businesses are willing to do this.

Many businesses only have interest in how much profit they can make. They are not concerned about those around them, and they certainly do not give things back to the community. These businesses fail to realize some things. First of all, by using raw materials and resources from the community, potentially polluting the air of the community if the business is….

Business Economics - GM545
Academic Term: May 2012 Session

Email ID:

Factors affecting the price of Gasoline:

It is an established fact that market forces of demand and supply are responsible for fluctuation in prices of commodities. Where demand is greater than supply, it is going to result in price hike i.e. An upward shift in the demand curve and vice versa.

Same principle governs the prices of gasoline at pumps and service stations. Where the retailer increases his prices, disregarding the competition, the demand of a gasoline at that particular pump will decline with business shifting to the competition. Where the demand reduces greatly, the retailer will further reduce his prices for customer retention.

Hence, it is competition in the retail industry which affects the prices greatly. This is the very reason why a gasoline station at a distant area or the one within the city shows price difference.

Another factor which may affect the prices….


Starbucks has the potential to benefit from the improving economic conditions. The firm appeals to the mass market, selling a non-essential product. Sales of non-essential products suffer most during economic downturns. Furthermore, when there is a recovery, firms that sell items of a relativity low cost that are still perceived as 'luxuries' may benefit from even small increases in the level of disposable income (Kotler and Keller, 2011). A key indicator of the economy in the U.S. is the unemployment level; this has dropped to 7.5% in 2013 with a recent Wall Street Journal survey of economists indicating they expect a further 180,000 jobs will be created each month for the next 12 months in the U.S. (Casselman and Izzo, 2013). As increase employment emerges wages are also likely to increase; raising the level of disposable income where the increases are above the rate of inflation. There is a general….

A lower price enables an airline to remain well above the competition.
Economies of scale and scope are vital to the performance of an organization no matter the industry the organization is involved in. An organization can only remain competitive if driven to achieve economies of scale (Bronson & Morgan, 1998). Tactics an organization may adopt to achieve economies of scale and scope will include optimal market coverage, increasing sizes, superior "internal growth" and raised capital (Bronson & Morgan, 1998). Another important consideration for organizations include efficiency. One might define efficiency as "the ratio of inputs to outputs" (Bronson & Morgan, 1998).

Efficiency of an organization may be measured in various ways including by observation through accounting (Bronson & Morgan, 1998). An organization particularly a franchised business location will continually measure efficiency to ensure they are minimizing costs and saving time to help facilitate economies of scale and scope.

Tactics Businesses Use….

Business Economics
The Limitations of the National Income Accounts in How They Represent Our Standard of Living

The national income accounts have been the center piece in all matters concerning economics across the globe. These rules are a primary source of reference in determining the economic status of a given nation. It is the most preferred indicator of the rate of improvement and making comparison across nations. However, it is not the perfect indicator for the economic state due to its limitations that give a false image of the highlighted economy (McEachern, 448).

To start with, the national income accounts do not include other financial details such as the non-market productions in a given country. These include activities such as preparations in various productions. For instance, in preparing food in a restaurant, one does not include the energy used by the person preparing the food before taking it for sale. hen such….

International Networking and the Outcomes of Global Networking
The purpose of the research proposed is to examine international business economics and specifically the impact that global networking has had upon organizations and corporations that are global providers of products and/or services. Research questions in this proposed study include those which ask as the questions of: (1) What is the impact of global networking on international business economics both in the U.S. And in developing countries throughout the world? And (2) Does affiliation drive business growth and profit for international organizations?

International Networking and the Outcomes of Global Networking

According to the work of Contractor and Lorange (2002) entitled "Cooperative Strategies in International usiness: Joint Ventures and Technology Partnerships etween Firms" there is increasingly acknowledgement that alternative forms of international business operations involving "negotiated arrangements between two or more firms." (Contractor and Lorange, 2002) This model involves the collaboration and cooperation by and between….

Economic Environment
PAGES 4 WORDS 1045

Economic Environment of a Business
The objective of this work is to summarize the economic environment of a business including information relating to microeconomics, macroeconomics, and international trade aspects

The business organization is a "micro-economic unit" and the business environment is that which makes provision of the "macro-economic context within which firm operates." (eddy, ) The business environment can be categorized into the 'economic' and non-economic' and the 'micro- and macro-environment. (eddy,, paraphrased) The firm is an economic institution in a market system with the behavior of the firm reflecting the result of the decisions that were economic in nature that the manager of the firm made.

The economic environment of a business in today's globalized business society is complex in nature. There is an inherent link between the business sector and it relationship with the government, capital market, household sector and the international business sector -- all of which serve to influence….


UK National Environment

In UK, the allocation of resources is purely based on the forces of demand and supply. This form of economy is a free economy in which competition is embraced and firms have to become efficient to increase their level of competitiveness. The government only intervene to provide the necessary infrastructure and to ensure that consumers are not exploited by the businesses. Besides, the government will formulate policies that ensure fair competition and collect revenues for the country development agenda. With these, businesses must ensure that they operate within the law and abide by the regulations that are set by the state. Barr Company can therefore conduct business in a competitive industry without government interference on what form of business to do or the amount of prices to charge on their products. The management has large latitude of choice to make on how to produce, what to produce, and….

Economics Course
Economics impacts on many areas of life subsequently it will impact on many areas of professional life. eflecting on the lessons learned, including the knowledge and skills gained, the real value is in the way that economics concepts can be applied to the real world; not only to explain event that are seen in the macro-environment, but to guide the way personal decisions will be made with that knowledge.

The first indicator of the lessons and concepts taught in the class being absorbed and developing into transferable knowledge has emerged with an increased understanding of the way that the economy operates and the influences which are present in the economy that are driving up prices.

There are many examples of the economic concepts; one example is the way that supply and demand has impacted on oil prices which has had a knock on effect in the economy as a whole and….

Economics
Observing the Influences that Impact Market Equilibrium

Purchasing fresh produce in a farmers market offers an opportunity to buy direct from a supplier. The process of buying fruit and salad items direct from the suppliers, rather than though an intermediary such as a supermarket, increases the exposure of the purchaser to price fluctuations. Visiting the market, which is held every weekend, over a number of weeks it was possible to see how different influences would impact on the supply and demand for the products, and how this impacted on the prices. The prices of the little gem lettuces appears to be one of the more sensitive products; this may have been due to their short shelf life. These lettuces, unlike other produce, are not suitable to be held for any period in cold storage, so there is not the ability to hold a supply ready for the peak demand.

In the first….

(Png; Lehman, 2007)
As far as supply is concerned, if one were to assume that all the firms within an industry, like for example, in a government holding, are identical, then a market supply curve would be made up of the supply curves of all the supply curves of the individual producers in the country. (Adams; Periton, 2006) the elasticity of demand therefore measures the responsiveness of the demand to the changes in the factors that may affect demand. Therefore, this means that the elasticities of demand can be estimated for price, income, prices of related products or services, and the advertising expenditure needed. (Png; Cheng, 2001) as far as the factors affecting elasticity of supply are concerned, one must note that the longer the time one takes over the supply of a product or a service, the more elastic the supply becomes. Supply is stated to be elastic if….

Business Finance
How firm raise capital by using venture capital? What conditions we need to raise capital by using venture capital?

Many startup companies are not mature enough to obtain capital from the public or secure a loan with the local banks in their area. They therefore, have to rely on venture capital as a way of raising capital for the firm to continue with the daily operations. Firms hence, raise capital by going out and looking for people who are willing to invest their money in a company that they see has the potential for growth. The company looks for a number of people who can pitch in large amounts of money depending on the nature and type of the business which if successful is expected to give above average returns to investors (Krishnan & Ivanov et al. 2011).

There exist certain conditions for a firm to secure capital from a venture….

The graphic shown in Figure 1 was also provided in the article (Porter, 2008).
Figure 1: Five Forces Model

(Porter, 2008)

This model's effectiveness does not however capture the increasingly critical role of tacit and explicit knowledge in businesses. The tacit knowledge, of the type that is learned from the continual streamlining of core processes, is not easily captured and communicated. It is often called tribal knowledge as this type if intelligence often stays within workgroups where it originates and seldom is captured for broader use. Specific knowledge, or the type of intelligence that can easily be captured and communicated, is often not used to its full potential as well. Studies in the auto industry suggest that knowledge, not products or pricing, is the new competitive advantage (Dyer, Nobeoka, 2000). The Five Forces Model does not recognize how important knowledge is as a competitive force in the definition of competitive advantage and….

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2 Pages
Essay

Economics

Business Economic Political Legal and Social Influences

Words: 580
Length: 2 Pages
Type: Essay

Business Economic, Political, Legal and Social Influences on McDonalds McDonalds is a well-known fast food chain which is impacted by a wide range of macro environmental influences. To remain successful it…

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10 Pages
Term Paper

Economics

Business Economics Vincent There Is a Process

Words: 4034
Length: 10 Pages
Type: Term Paper

usiness Economics Vincent There is a process by which there is both a decrease in the number of jobs that is increasing, and this is coupled with a global transfer of…

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3 Pages
Term Paper

Business

Business -- Economics Business Expectations and Community

Words: 1059
Length: 3 Pages
Type: Term Paper

Business -- Economics Business Expectations and Community Involvement Successful businesses bring many things to the communities in which they are located. Because they are successful and profitable they are often admired…

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4 Pages
Term Paper

Energy

Business Economics - GM545 Academic Term May

Words: 1040
Length: 4 Pages
Type: Term Paper

Business Economics - GM545 Academic Term: May 2012 Session Email ID: Factors affecting the price of Gasoline: It is an established fact that market forces of demand and supply are responsible for fluctuation…

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2 Pages
Term Paper

Economics

Business Economic Influences on the

Words: 859
Length: 2 Pages
Type: Term Paper

Starbucks has the potential to benefit from the improving economic conditions. The firm appeals to the mass market, selling a non-essential product. Sales of non-essential products suffer most during…

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10 Pages
Term Paper

Transportation

Business Economics the Airline Industry

Words: 2792
Length: 10 Pages
Type: Term Paper

A lower price enables an airline to remain well above the competition. Economies of scale and scope are vital to the performance of an organization no matter the industry…

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3 Pages
Essay

Economics

Business Economics the Limitations of the National

Words: 1086
Length: 3 Pages
Type: Essay

Business Economics The Limitations of the National Income Accounts in How They Represent Our Standard of Living The national income accounts have been the center piece in all matters concerning…

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10 Pages
Dissertation or Thesis complete

Business

International Business Economics

Words: 2652
Length: 10 Pages
Type: Dissertation or Thesis complete

International Networking and the Outcomes of Global Networking The purpose of the research proposed is to examine international business economics and specifically the impact that global networking has had upon…

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4 Pages
Research Paper

Economics

Economic Environment

Words: 1045
Length: 4 Pages
Type: Research Paper

Economic Environment of a Business The objective of this work is to summarize the economic environment of a business including information relating to microeconomics, macroeconomics, and international trade aspects The business…

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9 Pages
Assessment

Business

Business Environment the Growth of

Words: 2860
Length: 9 Pages
Type: Assessment

UK National Environment In UK, the allocation of resources is purely based on the forces of demand and supply. This form of economy is a free economy in which competition…

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3 Pages
Essay

Economics

Economics Course Economics Impacts on Many Areas

Words: 1131
Length: 3 Pages
Type: Essay

Economics Course Economics impacts on many areas of life subsequently it will impact on many areas of professional life. eflecting on the lessons learned, including the knowledge and skills gained,…

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2 Pages
Essay

Economics

Economics Observing the Influences That Impact Market

Words: 829
Length: 2 Pages
Type: Essay

Economics Observing the Influences that Impact Market Equilibrium Purchasing fresh produce in a farmers market offers an opportunity to buy direct from a supplier. The process of buying fruit and salad…

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5 Pages
Term Paper

Business

Economics Elasticity in Economics Is

Words: 2071
Length: 5 Pages
Type: Term Paper

(Png; Lehman, 2007) As far as supply is concerned, if one were to assume that all the firms within an industry, like for example, in a government holding, are…

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5 Pages
Essay

Business

Business Finance How Firm Raise Capital by

Words: 2074
Length: 5 Pages
Type: Essay

Business Finance How firm raise capital by using venture capital? What conditions we need to raise capital by using venture capital? Many startup companies are not mature enough to obtain capital…

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5 Pages
Essay

Business

Business Strategies Why Is a

Words: 1431
Length: 5 Pages
Type: Essay

The graphic shown in Figure 1 was also provided in the article (Porter, 2008). Figure 1: Five Forces Model (Porter, 2008) This model's effectiveness does not however capture the increasingly critical…

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