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1. Any business has this technical aspect, may it be small or big _____.
2. Interest rates and inflation rates are considered immediate factors on an economic environment
- True
- False
3. It is a social state where there exist one producer of good or service and the buyer has no other options to buy commodity in a market place
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- The Body Shop The Body Shop may have grown rapidly in its early days, but its founder, the late Anita Roddick publicly dismissed marketing’s role. Roddick ridiculed marketers for putting the interests of shareholders before the needs of society. She had a similarly low opinion of the financial community, which she referred to as ‘Merchant Wankers’. While things were going well, nobody seemed to mind. Maybe Roddick had found a new way of doing business, and if she had the results to prove it, who needed marketers? But how could even such an icon as Anita Roddick manage indefinitely without consulting the fundamental principles of marketing? By embracing ethical issues, she thought she was way ahead of her rivals in understanding the public mood, long before the major retailers piled into Fairtrade and ‘green’ products? The troubles that the Body Shop suffer in this century indicate that a company may publicly dismiss the value of marketing while the going is good. Still, sooner or…1.Describe how a company’s mission statement and objectives affect the way management plans its business portfolio. 2.What does the economic environment consist of as far as marketers are concerned, and why is it so important for them? 3.Who are the Gen Zers, and why will they become interesting to marketers in the future?1). When can markets fail? List and briefly explain at least 2 instances of market failure (explain why companies do not address these but government needs to do so). 2). List and briefly explain specific strategies that Amazon and other corporations have used to lower their taxes (include at least 3 strategies).
- 1. Define ethics, and why is it business ethics is very important? 2. Why is entrepreneurship an important component of economic development? 3. Define innovation, and why is it important in entrepreneurship activity especially during pandemic? 4. Why is corruption an unwanted activity in a country like the Philippines? 5. What options would you want to improve your economic lot, be an employee, be a professional, or a small business operator? Why, explain further. 6. What is meant by “the consumer’s right to be safe”?One of the most successful business models is the franchise, but it didn't originate with McDonald's. Sir Harold Evans describes the remarkable story of a beauty salon that allowed hundreds of women to own their own businesses. here's the link https://www.youtube.com/watch?v=Ie8qJuXYN7w&t=5s 1. The expansion of Martha Harper’s franchising idea today drives half of all retail sales in America. This means one woman has had a really remarkable effect on America’s economy. So why is she relatively unknown? How did Harper provide a distinctive experience for her customers, franchise owners, and employees? What are her other legacies, in addition to her franchising idea? Martha Harper was sent away at age seven by her father to work as a domestic servant, her profession for 25 years until she saved enough money to start her own business. Can you think of another entrepreneur or public figure with a similar rags-to-riches story? Describe with at least 1 reference in APA style.…2.Offer another solution to hedging the economic exposure in the long run as Jim’s business grows.What are disadvantages of this solution?
- d) Use the categories of Transaction Cost Economics to explain why GM decided to acquire Fisher Body.Give atleast three suggestions on how can a business survive in a perfect competition market structure.Perform a quick PESTEL analysis of the companies listed below. What is the largest risk for each of theChapter 8 Strategic Analysis: Understanding a Firm’s Competitive Environment 275companies? Assume that you had $100,000 to invest in one of more of these companies. Explain how youwould allocate your investment and why you chose this particular allocation.a. Uberb. Teslac. General Motors.
- Discuss how these three predictions do or do not apply to today. 1) The necessary result of competition is the accumulation of capital in the hands a few. 2) The gap between the rich and the poor will gorw. 3) To manage its inner tensions and crises, capitalism will internationalize.As the largest company in the world, with more than two millionemployees worldwide and more than $473 billion in sales in arecent year, Walmart has become big and powerful enough to influence the U.S. economy. Some observers believe Walmart is alsoresponsible for the low U.S. inflation rates of recent years.1. Some economists fear what might happen to the U.S.economy if Walmart has a bad year. (So far, it has had morethan four decades of growth.) Should a single retailer havethat much influence on the economy? Why or why not?2. Walmart is selective about what it sells—refusing, forinstance, to carry music or computer games with matureratings, magazines with content it considers too adult, or, insome of its stores, handguns. Because of its sheer size, thesedecisions can influence American culture. Do you think thisis a positive or negative effect of the growth of this retailer?Why?Conduct a SWOT analysis of Apple Inc. Notes: Think critically; provide the reason / why the strength, weakness, opportunity and threat is relevant. Internal Environment 1) Finance 2) Employees 3) Market Share 4) Product Line and Mix 5) Intellectual Property 6) Locations/distribution 7) Brand 8) Corporate Culture 9) Any other organizational resources External Environment (1) Competitor Analysis (list all major and conduct analysis of one major competitor)(2) Technological (3) Political(4) Legal(5) Economical(6) Social / Cultural Notes: Think critically; provide the reason / why the strength, weakness, opportunity and threat is relevant. Provide 10 total Strengths and Weaknesses with at least 4 Strengths, 4 Weaknesses and provide 8 Opportunities and Threats with at least 3 Opportunities (one must be the product), 3 Threats (one must be competition). Note one opportunity should highlight your product; one threat should address a competitor.