The Economic Impact Of The Australian Economy

not have otherwise got, at perhaps lower levels of penalty rates than they would have wanted, but they got a job.

Australia floods of 2010–11, natural disaster that principally affected the three eastern states of Australia and was one of the worst in the country’s history. Queensland, in the north, was hit hardest, but the widespread flooding—of a scale not seen since the mid-1970s—that began in late November spread southward to inundate portions of the neighbouring states of New South Wales and Victoria by early 2011. Some 35 people died in the flooding, and property damage and other economic losses amounted to billions of dollars.

In 1995, the government implemented a National Competition Policy aiming to promote competition in markets so that firms increase efficiency and lower prices for consumers. Hence, overall be able to impact upon unemployment and economic growth rates. The reform aims to increase competitions in sectors where they operate monopolies (such as electricity, gas, water and rail and road transport) and also to remove special provisions that gave publicly owned enterprises and advantage over private sector competitors. This national competition was watched under the Australian Competition and Consumer Commission (ACCC). The establishment regulates the cost of access to infrastructure, meaning that where businesses owned a monopoly infrastructure asset

Mining has been a driving force for much of the exploration of Australia's remote inland and for Australia's industrial development, from the gold rushes of the 19th Century, through the iron ore and nickel booms of the 1960s, through the later growth of the coal industry, and to the current booming demand for minerals to fuel the industrial growth of much of the rest of the world. Australia has benefited greatly from the current resources boom, reflected in high rates of economic growth, record low levels of unemployment and increasing incomes for Australians. However, Australia’s world economic ranking has significantly decreased from 5th in 2001-02, to 22nd in 2014-15. (See appendix 10) This drop in world economic ranking may not entirely

The aim of this report is to provide a current situation assessment and recommendations about food companies’ sustainable packaging initiatives, in both Canada and abroad - specifically India and China. To begin with, industry wide information was collected by conducting 15-30 minutes phone interviews with different companies. The information was then analyzed, and recommendations were given based on the analysis performed.

Quaker oatmeal packed in a paper laminate bag. According to Marsh and Bugusu (2007), “plain paper is not used to protect foods for long periods of time because it has poor barrier properties and is not heat sealable. When used as primary packaging (that is, in contact with food), paper is almost always treated, coated, laminated, or impregnated with materials such as waxes, resins, or lacquers to improve functional and protective properties. ”The material of an outer box is cardboard. The book, Three Squares: The Invention of the American Meal, written by Abigail Carroll said that Quaker oatmeal using cardboard container has two purposes. First, it can protect their product from physical damage during shipment and storage.

The mining industry is a worldwide primary industry with major economic influence. In Australia, it has become a key contributor to the economy with the mining boom producing (find out how much money) in profits ("Mining in Australia", 2016). Due to Australia being a mineral-rich country it has benefitted greatly from the recent mining boom, with secondary industries benefiting from its development. However the mining of ores and minerals have caused damage to the environment as well as putting the growth of other Australian industries on the backburner ("Economics of Mining", 2016).

The strategic role of Outside the Box cereals will be centered on 3 main objectives:

The fiscal, macroeconomic and monetary policies have been used to stabilize the Australian economy. A fiscal policy is when the government budget is used to manage economic activity. This means government spending and government taxation levels are altered to support long term economic growth. A monetary policy refers to the Reserve Bank of Australia’s (RBA) use of interest rates (cash rate) to influence the level of economic activity. Most importantly, the RBA sets interest rates to increase economic activity or decrease economic activity based on a few economic indicators. The macroeconomics is concerned with the performance of the economy.

Q2. Breakfast cereal industry is a very competitive industry in today’s market. Over the past century, they were few large cereal companies that led the cereal industry, and they were cooperative to increase their profit and satisfy their market. However, due to consumer’s taste changes and increase in competition, the industry has changed and it has to face more challenges.

On the other hand, Tesco also packaged their food like fresh strawberries in a plastic container to ensure that it’s not going to smash. This also enables customers to purchase the product easier as the fruit is already packaged for them.

Cereal in America has become a completely different product from cereal in other countries. America’s top cereal brands don’t aim for consumers to just have a delicious breakfast, they aim for much more and each at specific targets. The focus of this report will be revolved around three specific brands of cereal sold in America. Kellogg’s brand cereal will be covered first. Following, General Mills will be covered. Finally, a brand not so much known though advertisement, Meijer store brand will be covered. Each brand has specific targets and their own ways of drawing those targets in.

Packaging can be defined as the materials used for the containment, protection, handling, delivery, and presentation of goods (Murphy and Knemeyer, 2015). Promotion, protection, and identification are the three general functions that packaging serves (Murphy and Knemeyer, 2015). Packaging is perceived as a major environmental issue based on eighty percent of consumers (Murphy and Knemery, 2015). Differing acceptable regulations across nations is a key problem when selecting packaging material (Murphy and Knemeyer, 2015). Using environmentally packaging material is one packaging strategy a firm can adopt (Murphy and Knemeyer, 2015).

there are also problems in many different aspects of their operations like : the location of the Kellogg , that Kellogg must be near to customers and distributions channels so products can reach shelves quickly , also there is problems in size and scale of factories that must be large with adequate equipment , they also need to accommodate the frequent delivery of incoming materials and outgoing finished goods , Kellogg can improve their environmental performance by reducing : use of water during production , levels of packaging to consumers , impact of transportation , energy use during productions and waste to landfill .

Recently consumers are more concerned about where their products actually come from and it is to do after used? due to increased awareness of environmental protection. A big achievement was accomplished in 2009, by reducing the cardboard usage 22% for