Goods College Essays Samples For Students

The 1979 Sale of Goods Act is the most comprehensive pieces of legislation on commercial law in the UK that governs, inter alia, contracts for the sale of goods, implied terms in sale of goods, rules governing the transfer and possession of property (goods) and also provides some of the remedies that purchasers (buyers) may have against sellers for defects in goods or otherwise (Dobson, Dobson & Stokes 2012, p. 10). This Act thus ensures the effectiveness of the legal relationship between businesses and customers, for it contains rules and regulations that seek to protect the rights of buyers and ...

There are some grounds for the government involvement within a market. In a free market, the government has the duty to provide goods and services that have a low-profit margin but a very high social margin. These public goods and services include social infrastructures like highways and bridges, roads, and hydroelectric projects. The government should be concerned with availing such goods because these services are a vital part of the growth of the economy, and private investments do not typically invest in such ventures because they are not profit generating ("Econmentor.com - Role of government in a market economy," ...

Definition

Gross Domestic Product (GDP) is the sum total of the value of all the final goods and services produced in an economy in a given period of time . The accounting period of GDP is one fiscal year. That is, we account the goods and services produced in a year in our GDP calculations.

Real and Nominal GDP

We have stated GDP as the ‘value’ of goods and services. This value is the money value. That means we multiply each quantity with its price to get the GDP. This is done because all goods and services have different units of measurement. To compute them ...

Define and discuss time and space utility

Products must be transported from the place where they are produced to the place where customers demand it to be delivered. The value-add that the product gains due to its transport is called space utility. The time utility is the length of time before or between the product deliveries, which consists of mostly storage and inventory time. When the organizations are able to deliver the goods at a time they are needed, then their time utility increases.

What is the Total Cost Analysis and how does is affect logistics?

Total cost analysis provides the methodology for integration of logistics, manufacturing, and procuring costs across the network. This is done to achieve ...

Introduction:

Outsourcing is a cost saving practice in which one company provides different goods and services to another company. It is used by different companies to transfer some portions of work to outside suppliers instead of completing it internally. It describes the strategic use of outside resources to perform organization's internal activities. It help the companies to get more skills and expertise from outside suppliers. Outsourcing is an act of acquiring products or services from an outside company that is known as vendor or supplier. The history of outsourcing is embedded with a history of the growth of modern technology ...

A warehouse is a business related building that is used by the concerned business organization for storage of commodities. Mostly, the warehouses are situated in industrial areas of towns and cities. Manufacturers, exporters, importers, transport businesses, customs and even wholesalers often possess warehouses for the storage of their goods. A common feature around warehouses is loading docks used to load and unload goods from trucks. The importance of warehouses cannot be overlooked. They are grossly vital for the smooth running of various businesses. There are numerous benefits and importance of warehousing in businesses in regard to the supply chain management ( ...

Inflation on the Sterling Pound and Its Impact on Tesco

Recently, the term inflation has become very common in economics as almost every country and society in the world was hit by an increase in the general prices of goods and services over the last four years. Inflation is the term used to refer to this general rise in the cost of living over a given period, which is usually a shorter time than expected in an ideal economy (Boyes, W. J., and Melvin, 2010). In addition, inflation implies that the currency at that particular time will absolutely decrease in its value, as each unit of money will buy lesser quantities ...

Final Assignment (Microeconomics)  

Consumer goods are products purchased to meet personal needs of consumers, family and household consumption. Consumer products with regard to the nature of consumption (the degree of durability) can be durable goods (i.e. used for a long time (cars, refrigerators, cell phones, furniture, TV sets)); and non-durable goods (i.e. consumed immediately (bread, cigarettes, drinks) or in divided doses (soap, toothpaste, washing powder), including disposable goods (once consumed) and services (the object of sale in the form of actions, benefits or satisfaction)) (Krugman and Wells, 2012).
Consumer goods cannot be used for industrial production, since they do not have the ...

1.    Using at least two decided cases, explain some of the most important implied terms from the Sale of Goods Act 1979. (1.1)
The transfer of ownership. With regard to the date of transfer of ownership based on a contract under English law, two judgements were extended (Sale of Goods Act 1979). Firstly, it is noted that the phasing out of the system in favor of the consensual tradition of the system characteristic of the capitalist states, "according to which acquisition of the right of ownership is associated not with the conclusion of the contract, and with the subsequent ...

Marketing Services

The commodities and services are commonly referred to as products in the market. Although similar strategies are often employed in marketing products, marketing of services tend to differ from the promotion of goods due to a host of factors. Tangibility is a principal difference between goods and services, which makes the marketing of the two products to vary(Greechie, 2016). Whereas goods refer to objects that are created, stored, and marketed, services are the output of an individual’s work or a group of people. Companies such as Adidas are famous for manufacturing goods while Freight Forwarding companies are ...

Volatile Prices of Primary Goods Preventing Economic Development in LDCs

Background
The primary goods refer to the products that are obtained directly from agricultural activities and are not subjected to the process of manufacturing. The most important primary products in an economy include those that are obtained from the sector, such as the fishing, agricultural, forestry, and mining industries. In terms of the least developed nations, which are mainly located in Africa, Asia, and the Latin America, the trade characteristics of their economies include the dependence on the developed, industrialized nations, and, significantly, the reliance on primary products. Accordingly, in international trade, the least developed nations’ exports are primary ...

INDICATORS:

Income level: High Income
Population: 35.54 million (“Data” 2014)
GDP at market prices (Current US$): $1.785 trillion (“Data” 2014).

GDP per capita (current US$):

$50,230.8 (“Data” 2014).
GDP growth (annual %): 2.44 (“Data” 2014).
FDI Inflows: $59.6 billion in 2014 (“Trade Policy Review” 5).
FDI Outflows: $58.2 billion in 2014 (“Trade Policy Review” 5).

Balance of Payment:

Current account balance (BoP, current US $): (-) $ 37.47 billion (“Data” 2014).
Current account balance (% of GDP): (-)2.1% (“Data” 2014).
Import of goods and services (BoP, current US$) : $580.7 billion (“Data” 2014).
Exports of goods and services (BoP, current US$) : $564.6 billion (“Data” 2014).
...

Elasticity is a measure of the sensitivity of supply and demand to changes in factors that define them, primarily to a change in the value of the goods. (Mankiw, 2009)
In quantitative terms, the elasticity means the degree or measure the response in one variable to the result of a one percent change in another variable value. The most important role in the elasticity of supply and demand plays a varying demand that depends on the prices.

The main factors influencing price elasticity of demand are:

Availability of high-quality interchangeable goods and the price level on them (the more substitutes and the lower the prices are, the more ...

During the 19th and 20th centuries, production grew rapidly and supply far exceeded the consumer demand. As a result, scarcity of goods was replaced by surpluses causing the markets in America to reach a point of saturation. In such a scenario, the business community and the economists opined that the problem of excess production could be effectively countered by boosting public consumption, which in turn would help the economy to grow (Beder 2).
With an aim to increasing business profits and maintaining work ethics, businessmen and economists promoted consumerism by enlisting the working class along with the existing consumers ...

Introduction

The Sobeys Company like any other company must minimize the risk prevalence in order to maximize its profitability. The loss prevention manual for the Sobeys Company aids the managers and the employees to learn more ways of protecting themselves from the exposed risks while carrying their daily activities. Notably, it educates the workers and managers to identify when the legal advice is needed, hence, they will be using the manual to solve the problems available in the contemporary world.

Internal procedures

The administrative law is the growing part of the statue law that deals with internal procedures of the Sobeys Company. ...

The primary objective for the formation of the European Economic Community (ECC) was to create a common market to enhance the achievement of a trading advantage over other Atlantic states. The member states hoped that the move would spur growth by promoting marketing scale and capitalizing on specialization among the member states. However, the ECC faced many technicalities when creating a common market due to lack of strategic decision-making structures and protectionist attitude adopted by members. It was especially difficult to remove barriers and enforce common trade regulation. For a common market to have some effect, freedom of capital, ...

Introduction

Marketing represents a form of communication between business establishments and the consumers with the aim of selling or introducing new products and services. The success of a company’s sales therefore directly relates to the marketing strategies it employs. Through this essay, the author looks at the principle of marketing regarding Portakabin as a major company involved in the promotion of its products. The essay also highlights the elements of the marketing process, the costs and benefits of marketing orientation, the micro and macro environmental factors that affect business, and market segmentation for the company. Additionally, the competitive advantage ...

Externalities take place when consumers/manufacturers activities have an unintentional or indirect impact on other consumers/manufacturers without affecting prices. According to Sankar, externalities may cause positive and negative effects (6). In other words, if the consumer or a group grants certain benefits to other economic agents, the externality is positive; if any activity is disadvantageous to other groups or individuals, then the externality is negative (7). According to Stiglitz (216), “Externalities arise whenever an individual or firm undertakes an action that has an effect on other individual or firm”. The externalities phenomenon tends to have a spillover effect in the ...

Introduction

Price was and remains the main tool that provides a proportional development of production and unity of interests of market relations. Basis for analyzing the structure of the economy, its challenges, opportunities and prospects for socio-economic development is based on the identification of the essential features of pricing, determining the structure of prices, price proportions.
Successful economic development of any country or subject of a market economy depends on clear and effective functioning of the price, because they reflected the entirety of economic relations and the relationship between members of social production. This is possible if the mastery of ...

In each of the following situations, please select which mode of transportation studied this week would be the most advantageous. Explain your answer. [8A, 8B, 8C]

Sending 350 40-foot containers from Shanghai, China to Los Angeles, California.

Maritime transport is the best for these kinds of shipments because ships can fill a given container or what is known as full container load (FCL) (Rushton, Croucher, & Baker, 2014, p. 391). Additionally, container ships can accommodate stackable cargo, which will be prepared using a stowage plan (Rushton, Croucher, & Baker, 2014, p. 393). There is also the possibility of reduced damage in products, which may be caused when using other types of cargoes. ...

The term "demand" in economics means payment need, i.e. need that the subject is able to pay. From this definition it follows that the demand for a particular commodity (service) depends on the price. This means that the increase in commodity prices will lead to a decrease in demand, and, conversely, a decrease in prices will lead to higher demand. The relationship between price and quantity demanded is stable. (Agarwal, 2013)
The cause of the change in demand is change. This reverse causal relationship between price and quantity demanded is the law of demand. The law of demand manifests ...

Introduction

The aim of every business is to make as much profit as possible, by selling their goods and services to the consumers in the most efficient ways (Friedman, 2007). At times, it is not possible for the producers to sell their goods and services to the consumers, thereby requiring an intermediary that will make it possible for the producer to reach the consumers. These intermediaries are called marketing channels, and they help in the transfer of the ownership of goods, from their point of production to their point of consumption. In other words, marketing channels make it possible for ...

The competition is a prerequisite and characteristic feature of the market. After all, if the basis for the functioning of a market economy put the domination of private ownership of the means of production, which, in turn, acts as a guarantee of freedom of choice for entrepreneurs in their activities, and certainly there is competition between them.
The word competition comes from Latin and means to flee together to compete on some other career. This competition is crucial for establishing market prices, which are the main feature of a market economy. Competition (in the economic sense) - the rivalry ...

Abstract

Market structure refers to the interaction between various buyers and sellers. Different market structures have different characteristics. The characteristics of the market structure determine the realized outcomes. There are three main market structure: perfect competition, oligopoly, and monopoly. Perfect competition has many sellers. Therefore, they do not have any market power. They cannot influence market outcomes. An oligopoly has few firms with some market power. They can influence the outcomes. Monopoly comprises of only one firm with absolute market power. Therefore, it can influence the realized outcomes. This paper highlights the characteristics of the various market structures. It then ...

Consumer goods and services industry “includes industries and companies focused on manufacturing, distributing and marketing finished products that will be used by the general public” ("DMOZ - Business: Consumer Goods and Services", 2015). Consumer products include small appliances, food, beverages, toiletries, cosmetics and the like. This sector is not only a large contributor to the economy and the gross domestic product of a country; it also channels money into the retail and advertising sector. The consumer goods and service industry in Qatar includes Zad Holding Company, Qatar German for Medical Devices, Salam International, Medicare Group, Qatar Cinema and Food ...

Question 1

One important ethical issue that is faced by companies engaged in e-business is poor service (Streissguth, 2016). The online companies are involved in the sale and shipment of goods to customers. Some companies sell low quality goods to the consumers in the pretext of selling high quality goods. They update their websites with pictures of high quality goods and end up sending low quality goods to the customers. Some online companies selling clothes are known for delivering the opposite of what they promised. A good example is an online company known as TB Dress. The company sells clothes, shoes ...

Introduction

Measuring GDP
There are three methods of measuring the GDP - the income method, production method and expenditure method. The three methods come from the concept of GDP. The production of goods and services creates income for the factors involved in the production process. The laborers receive wages and salaries, the entrepreneur receives profit, the investor earns interest and the property owner receives rent. If we take the sum of the income of the factors involved in the production process we get the GDP. This is the income method. In the production method we take the value of total ...

Trump is the leading presidential candidate of the Republican Party, and he is campaigning under the slogan of make America great again. His campaign slogan is based on several extreme economic and social policies. The economic policies of a president are mainly macroeconomics policies that affect all the components of the country’s gross domestic product. His main economic policies touch on taxes, labor supply, investments, and international trade. He looks forward to cutting individual and cooperate taxes, increasing the volume of exports, decreasing imports and increasing private investment (Trump, 1).
The most popular and extreme economic policy that ...

Dry Goods Manufacturers

Madison Dry Goods Company: Phone1-3364277099, physical address104 West Murphy Street Madison. N.C. 27025, United States. Madison also distributes its products.
Gray & Holt Dry Goods, Inc.: Phone1-1-877-599-2427. Physical address 214 West Market Street Athens Alabama 35611, United States. The company also distributes its products to wholesalers and retailers.
Drowning Creek Dry Goods: Address, PO Box 1026, Commerce, Georgia, United States. The firm also distributes its products to wholesalers.
Independant: Phone1-832-382-2532, physical address 304 Robinhood Dr., Nacogdoches, Texas, United States. The organization also distributes its products.
Glens Falls Produce Co., Inc.: Phone1-518-7929933, physical address 194 Maple St, Glensfalls, New York, United ...

Introduction

Modern economies have multiple agents. A proper understanding of economic principles enables agents to work successfully in their endeavors. Mankiw (2015) describes economic principles which will be used in this paper to answer specific questions.

How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources

Scientists develop different hypotheses and models to explain world phenomena. Likewise, economists attempt to create models which describe reality and, more significantly, use those to make predictions that guides people, businesses, and governments (Mankiw, 2015). Since economists can hardly use a laboratory as in a physical experiment – although there has been mock economic experimentation – they usually refer to the natural experiments offered by history ( ...

Public goods such as public education, vote and public libraries are free and it is good for the society as it places every person in the society on an equal pedestal called social equality. Social equality is good for the society as it guarantees people the same rights and benefits, and the background of people does not matter. This means that the caste, creed, religion, class, race, or religion has no role to play in deciding the distribution of public goods as everyone in the society is guaranteed pubic goods as their basic right. This scenario creates a situation ...

Introduction

Business restructuring refers to the process of reorganizing or reshuffling the ownership, management, the operational, legal, administrative, technical, and financial structure of a company. The restructuring may stem from the need to enhance the profitability, competitiveness, and placement of the organization in a particular industry. Restructuring usually takes place before the sale, merger, and acquisition of the business but there are several other motives of restructuring. Competitive advantage and financial gains are the two most prominent causes of restructuring apart from mergers and acquisitions. Organizations have to plan in the context of restructuring and devise a grand strategic plan ...

Introduction

Markets provide a platform for the exchange of goods and services. Normally, different regions – continents, countries, states, counties and villages – have varying amounts of resources. Some have abundance while others have scarcity, of a particular commodity. The market is the interaction of the forces of demand and supply for these products, an economic interaction that determines prices for the goods and services. On one hand there is the producer looking to sell his/her goods in exchange for money, and the other hand has a consumer who wants to buy the produce. Essentially, markets provide people with options and alternatives. ...

Introduction

Ideally, if the government left the markets to themselves, there should be a form of market efficiency, only that there is not. Government interventions and rules affect supply and demand of products, so when there are subsidies and quotas, the equilibrium price goes down or up, affecting the quantity of products in the market. On a free market situation, externalities and public goods disrupt the market efficiency, causing market failures. Externalities can be defined as those costs or benefits that are not entirely borne by the market (Library Economics Liberty, 2002). Public goods are services and goods designed for ...

Identification of Supply Chain Risks in India and China with Proposed Solutions

Introduction
As the business world is getting more complex with the rise of globalization pressures and increasing intensity of the global competitive forces, it is critical that organizations must deal with certain risks they are exposed to. Operating in multiple markets with integration into the global economy, businesses face enormous challenges and risks that not only raise the cost of doing business but also cause the loss of competitive edge in the respective market arena. It is necessary that organizations willing to expand their operational activities in other countries should anticipate different risks they are going to face while ...

The concept of comparative advantage states that the country that is capable of producing a good at a lower opportunity cost in comparison to some other country, then it has a comparative advantage in producing that particular good. If a country is capable of producing a good or a service at a lower cost as compared to any other country than it is said to have an absolute advantage in that particular good or service.
The United States have been known to be an importer of coffee beans and tea. This is mainly because there is demand for tea ...

REFLECTION ON THE MODULE

ID

The modern organization is a dynamic structure, an open socio-technical system, which is in constant motion, changing and adapting to the environment, learning and rebuilding according to the needs of the market and is also able to influence the market. Tesco has its own internal dynamics and is constantly subjected to the influence of a large number of business environment factors. Tesco at the same time, actively affect the change in the business environment through the implementation of price and assortment policy, procurement policy, the policy in the field of personnel and finance management, innovation policy and technical ...

(Tutor’s Name)
(Assignment)

Introduction
The Boston Tea Party was an important episode in the history of America which gave way to the American War of Independence. This war was fought to highlight the oppressive measures by Britain, or the mother country as it was known. The Boston Tea Party is the reaction to the attitude of Britain towards its American colonies. According to TH Breen, ordinary people in predominantly rural communities were the highlight of the ensuing American Revolution (Carp, 421).
This essay begins with the non-importation agreement in Boston. This is followed by the lapse of the ...

First of all it is necessary to give the definition to the term market failure. Market failure is “something that is inherent to the market that causes the market equilibrium allocation to be inefficient” (Morey, 2015). According to Pettinger, market failures “occurs when there is an inefficient allocation of resources in a free market” (Pettinger, 2015). Both of these definitions underline that market failure is the situation opposite the ideal market. Taking into the consideration, that we live in times when ideal market do not exist in reality and is replaced by tough economic rules and high competition.

There exist 10 main types of market failures:

Externalities – ...

Air cargo systems could be summarized as the elements that enhance air transport. Apparently, air cargo systems could be divided into two main classes: passenger and cargo systems. The two systems are further subdivided into other subsystems with the aim of ensuring that specific air cargo is effectively and conveniently moved from one location to the other (Totamane, Dasgupta, & Rao, 2014). In fact, air transport is a complex and safety-sensitive niche thus every system for the transportation of air cargo ought to be understood and utilized correctly to ensure that the expected standards are met. The current paper defines ...

Introduction

Exports can be seen as a mechanism for economic growth of a country. Increased exportation of products can provide output growth directly as part of aggregate output. An increase of foreign demand of products can result in a country’s growth through employment and additional income for exporters. Another significant contribution of exports is that it can impact economic growth by way of “efficient resource allocation,” including more economies of scale and technological change as a result of “foreign market competition” (Helpman & Krugman, 198; Ben-David & Loewy, 1998 as cited in Awokuse, 2008, p. 593).
One of the drivers for ...

Report

Report
Nowadays, the basic knowledge of economic principles is crucial for everyone, even for those who are not professional economists. The economy is the mechanism that affect everyone: the probability of find the desirable job, getting mortgage loan in the bank, the amount of rent payments are all variables that are determined by economic processes. The conscious understanding of economics helps policymakers to take appropriate and timely actions; allows firms and investors correctly forecast interest rates, in order to make profitable investments, to the households and individuals to properly plan their savings, to the scientists – develop actual models and ...

According to Weele (2009, p4), effective strategic purchasing is growing rapidly throughout because the organizations have realized it a potent avenue to achieve the company performance in short and long term. These includes attaining their strategic goals, improving the consumer satisfaction, improve the efficiency of the services rendered and many others. Hartmann & Blome (2010, p45) argues that the reason for such is because the quality of goods or raw materials in the organization enhances the organization’s performance. The cost of goods and service procured is also important in determining performance. Various theories are explaining the importance of the ...

Essay

Introduction
The headquarters of Wal-Mart are located in Bentonville, Arkansas. Sam Walton, the founder of the company, launched a variety store in Newport, Arkansas in 1945. His brother, James 'Bud' Walton, opened an identical store in Missouri in 1946. Until the 1960s the enterprise was focused wholly on variety stores (Brunn, 2006). The original Wal-Mart Discount City was launched in 1962, which became the original discount store of Wal-Mart. The original Sam's Clubs were then launched in 1984, which was followed by the opening of the original supercenter in 1988. The original neighborhood market was launched in 1999. In ...

Business Exam

Unlike business organizations, profit is not the main purpose of the non-profit organization. Non-profit organizations have the right to engage in entrepreneurial activity and they can make a profit, but this can be only a minor activity and it only serves to achieve the objectives for which this organization was created. Non-profit organizations may be created in order to achieve social, charitable, cultural, educational, scientific and management purposes, and for other purposes, aimed at achieving the public good. A non-profit organization can be created as a public organization, a fund, an autonomous non-profit organization, non-profit partnership, institution, association. The ...

Inventory Management in Apple and Coca-Cola

Inventory Management in Apple and Coca-Cola

Introduction

Inventory management constitutes one of the major concerns of business organizations. Efficient inventory management enhances the profitability of an organization by ensuring that all activities involving inventories are well controlled (Hill, 2012). In essence, inventories entail all assets that facilitate normal business operations, and they include stock of goods for sale, the raw material for production, and materials consumed in the manufacturing process. Primarily, inventories constitute the largest item in the categories of current assets (Williams, 2015). The valuation of stocks at the end of financial year is crucial for determination of profitability ...

Problem A

Price elasticity of supply can be calculated by using the following formula:
ES=% change in quantity supplied% change in price=(1200010000-1)(222200-1)=2011≈1.82

Since ES>1, the supply is elastic.

Problem B
Public goods differ from private goods in the following two characteristics:
First of all, there is no competition in consumption of public goods. Consumption of such goods by anyone does not reduce its amount available for others. For example, listening to the radio by one group of listeners does not preclude the possibility of doing the same for the others. Or, say, the use of a beacon of light to guide a ship ...

Among the top 10 goods or services that are imported into the United States, electronic equipment rank the highest with phone and system devices topping the list. Electronic equipment makes up 14% of the total US imports and is therefore in very high demand in the US market. At the same time, Japan oil imports form 23.3% of their total imports (Ackerman, Ishikawa, & Suga, 2007).
The concepts of absolute and comparative advantage in international trade dictate how countries utilize scarce resources to produce goods or services. It is not economically viable for the United States to produce all the ...

In 1960's the government biggest proportion of its spending went to investment. In 1962, the amount of government expenditure on investments was around two and half times that of transfer payments. Currently, the boat has capsized, and the spending on transfer payments has grown to over three times the spending on investment. . This indicates a drift of government goals. Precisely, transfer payment was mere 15% of the federal budget in 1960’s but currently it is over fifty percent. Transfer payments refer to the money paid by the government to households for no work done. The payments are done ...

The Meaning of Consumption Activities in Daily Life

The theory of consumption is one of the fundamental disciplines of microeconomics. It explores the economic decisions, especially in the area of consumption by private economic agents. The behavior of the consumer (buyer) in the market economy is based on the theory of demand (consumer behavior theory), which is based on how and how our needs are converted into a certain amount of demand; how from a variety of benefits we choose what suits us. Consumer behavior is the process of formation of the market demand of buyers offering a choice of benefits taking into account the existing price. ...

Sometimes it happens that one has no time to go shopping and listen to customers` dissatisfaction of service. To avoid it, some people buy goods online. There are a lot of online services nowadays, but they are not all of great quality. Zappos Incorporation is a clothing and shoe online store, which refutes any complaints, as employees there care about clients in the best way. They provide good service and a huge choice of goods in order to satisfy different needs. The reasons for incorporation`s success and ways of getting essential benefits will be examined in this paper.
...

Saudi Arabia, being the largest Arab nation both in physical size and the size of the economy, was ranked as the 15th largest exporter and the 20th largest importer in the world in 2014. The country is ranked high in the foreign trade market because of its great participation in the global market. Shoult (2006) argues that, being the largest economy in the region, Saudi Arabia plays a crucial role in the Arab world economy, accounting to more than 25% of Middle East’s G.D.P (Gross Domestic Product). The nation’s strong economy and a rapid economic growth rate ...

US 311: Business Law I

You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed the entity. The owner has informed you that the company has received inquiries from several large businesses wondering if the company could create several fireworks displays on a regular basis. The owner told the inquirers that the company could fill such display orders, and ...

The GDP refers to the market value of all services and goods a country produces at a given time (Bade, n.d.). It uses four components to measure the country’s economy i.e. consumption (C), investments (I), governments (G), and net exports (X-M) (where M are the imports and X the exports). It follows that the GDP= C+I+G+(X-M). Each of the components plays a role in the economy as described below.

Consumption

Under this category, the GDP focuses on the personal consumption expenditure. It is the most powerful component and can range between 65 to 70% of the ...

Preamble

Addressing the trade balance’s nature, it seems worthwhile noting that its indicator reflects the difference between the state’s exports and imports. Talking more scientifically, it is a pecuniary ratio amid the amount of money received for goods and services exported outward a country and the cash paid for imported goods and services. If exports’ money exceeds the currency accepted as exchange for the imported articles, the circumstance stands for external surplus. Otherwise (if market conditions reveal vice versa), the case is generally called as red ink.

Introduction

In 2015, American economists claimed China to become first-string trade and ...

Introduction

Gross domestic product (GDP) and Gross National Product (GNP) is the indicators of the general economic condition of a country. These indicators give a description of the general economic and financial welfare of the nation, because the higher the level of production means higher level of the country's well-being. The subject of the study of the GDP and GNP is economic units - residents, producing goods and services for the end-user over a certain period of time (Investopedia, 2003).
The indicator of GDP and GNP are very important for the economy as a whole. They are used to describe ...

INTRODUCTION

Purchase decisions are important and difficult to make. The decisions mostly depend on the financial status of a person. Consumers use a lot of factors in determining the type of purchases they need to make. The factors are, however, insignificant to impulse shoppers who look to purchase whatever they find is enticing to their eye. Interest rates are very important when deciding the type of purchase is going to be made. They influence the overall cost of a good in the long run. It is, thus, important for consumers to understand the fluctuations in the interest rates to know ...

MANAGEMENT OF E-COMMERCE

Management of E-Commerce
Introduction
The improvement in technology all over the world has led to the adoption of E-Commerce in the businesses. According to Andam (2014), E-Commerce is the use of electronic systems and the internet to facilitate selling and buying of goods and services. Grandon (2004) is of the opinion that the Electronic Commerce started forty years ago but currently through the day to day innovations, many firms and individuals are entering the market through the internet. In the work of Demirel (2011) businesses incorporate the use of Electronic Commerce to offer its goods and services in a ...

What are the determinants of the Deadweight Loss?

Introduction
The deadweight problem happens when the government through an attempt to increase their earnings from the goods in a country increases the taxation on them. It happens when they impose a certain amount of tax on certain commodities in the market and the end consumer as well as the producer in charge of the production process forced to lose the whole or part of their surplus. The loss they both suffer is the deadweight loss. The government has the right to earn some form of income from the trade activities within their borders. However, they also need to ...

Introduction

An organization is regarded as an entity that is made up of people with a collective objective and is connected to the external environment. Hence, a business organization is a group of people collaborating to achieve a commercial objective (Handy, 2005). Toyota Motor Corporation is a Japan based auto manufacturing company with its headquarters in Toyota, Aichi. The company was ranked as the 13th largest in the world in terms of their revenue. It was the largest automotive manufacturer in 2010 ahead of the Volkswagen group and the general motors in terms of their production. The Toyota motor company ...