"Analyse the problems of seasonality in supply and demand and ability to devise strategies to cope with the problem."
BUSINESS STUDIES H/W 3 Q: "Analyse the problems of seasonality in supply and demand and ability to devise strategies to cope with the problem." Demand is the amount of a product that consumers are willing and able to purchase as any given price. Supply is the ability for firm to provide for these demands of goods for the people. Seasonality means the changes in the season i.e. summer and winter. Some goods are said to be seasonal in that the demand for those goods tend to go up in particular seasons such as the demand for warm clothes during winter and the demand for drinks during summer tend to be high only during these seasons. Demand and supply are linked together because an effect in demand will have a direct effect on the supply and an increase in supply will affect demand, the reason for this is the change it has on the market price. Not all goods are affected by seasonal change only good that are made for specific season are affected by seasons. As mentioned above the demand for Jackets and warm clothes by summer will be very little or none at all. The problem that this causes is that the supply also has to be reduced. So much that these days when the market is very hard to be competing in seasonal goods are completely taken of the production line up to the time when the demand of the good rises again. This has actually been a strategy to cope with the change in
ELEMI ATIGOLO-0325936 FINANCIAL ACCOUNTING Financial Accounting: First assignment, Kingston University "ARGUABY THE ANNUAL GENERAL REPORT IS A POOR AID TO ECONOMIC DECISION MAKING". DISCUSS. HOW USEFUL ARE ANNUAL GENERAL REPORTS FOR ECONOMIC DECISION MAKING. DO THEY POSE ANY WEIGHT WITH THE OVERALL DECISIONS OF A BUSINESS OR ORGANISATION? DISCUSS CONTENTS PAGES Abstract 3 Introduction 4 Discussion, Annual General Report as an aid to economic decisions 4 Conclusion 9 References 10 Bibiography 13 "ARGUABLY THE ANNUAL GENERAL REPORT IS A POOR AID TO ECONOMIC DECISION MAKING". DISCUSS. HOW USEFUL ARE ANNUAL GENERAL REPORTS FOR ECONOMIC DECISION MAKING. DO THEY POSE ANY WEIGHT WITH THE OVERALL DECISIONS OF A BUSINESS OR ORGANISATION? ABSTRACT The following essay focuses on the Annual General Reports, and their usefulness in helping to make economic decisions. Companies and businesses, use Annual General Reports to help communicate their financial affairs to interested parties. The statements in these reports often hold valuable information for many parties; but how useful are they as aids to economic decision making. Some have argued that they are essential, while others have maintained that they are of no real benefit. This essay discusses some of the issues surrounding the apparent usefulness of the Annual General Report to economic decision making.
"Britain wasn't the world's fastest growing major economy, but it outpaced the rest of Europe," A. Kaletsky in The Times, 24th December 2002 - Is this sufficient justification for the UK to resist a switch to the Euro?
Question: "Britain wasn't the world's fastest growing major economy, but it outpaced the rest of Europe," A. Kaletsky in The Times, 24th December 2002. Is this sufficient justification for the UK to resist a switch to the Euro? Consider the impact of your answer on UK firms and the economy as a whole. Of the European Union's fifteen member states, three-Sweden, Denmark and the UK-have not adopted the euro. As with the UK firms and all important large-scale economic decisions there are many advantages and disadvantages to the UK of joining the Euro and therefore the important conclusion to come to is whether it is sufficient justification for the UK to resist a switch to the Euro. People argue that joining the Euro would reduce transaction costs for traders, with savings estimated at around £2 billion annually(www.staruk.org.uk). These savings come from not having to pay commission or maintain hedge funds to guard against currency instability. There is another argument is that although the exchange rate between sterling and the euro will fluctuate from day to day, it would be wrong to think of the euro as "just another foreign currency". As the currency of 12 European countries and 300 million people, many business, small as well as large, are now beginning to feel the impact of the euro on how they do business. The tourism industry could be particular affected after 1
"Business Venture Capital" Buying an existing business can be an excellent way to become a business owner or to expand your present business. You can save time and effort of building a customer and supplier base. You may also avoid the trouble of locating equipment and hiring and training employees. However, you should abide by the Latin slogan which translates "Let the buyer beware." If you are not careful, acquiring an existing business can lead to disaster. (Poznak, 1998) Joe's Landscaping and Tree Trimming (Joe's) began as a small sole proprietorship. In efforts to expand and become a company that investors would be interested in, the company has ventured into new commercial landscaping technological processes and restructured as a Limited Liability Corporation. Joe's is being considered as a potential business investment, however, after reviewing the requirements of the legal due diligence process, it is my recommendation that an investment is not made into Joe's. In the third quarter of 2002, investors pumped $4.5 billion into 647 entrepreneurial companies, a decrease of 26% from the prior quarter, which saw $6 billion of funding to 838 startups. While IT startups consistently gain venture capitalists' attention, software companies continue to gather the largest amounts of cash despite a 10% drop in funding from the prior quarter. Representing 22% of total investment
"East Asia has both greatly benefited and greatly suffered from the effect of globalisation". Discuss.
"East Asia has both greatly benefited and greatly suffered from the effect of globalisation". Discuss. To many people globalisation is a very recent phenomena, no one had really spoken about it in terms of it being a global issue, or problem. However, the term and definition of it have only come to light recently, as the spread of western ideas have transfixed much of the globe. Globalisation is more of a process than an occurrence, it is not so much that it is the cause of the issues in this essay, but a term used to describe the spreading of a trend, that of capitalism. Fundamentally, the term is about increasing levels of connectivity, integration and interdependence between different parts of the world economy, politics, society, and culture. As I have said views on the benefits or drawbacks of this effect vary greatly, as is shown by Singapore's Deputy Prime Minister Lee Hsien Loong, "Globalisation, fostered by free flow of information and rapid progress in technology, is a driving force that no country can turn back. It does impose market discipline on the participants, which can be harsh, but is the mechanism that drives progress and prosperity".1 However, other opinions are held, mainly from groups who believe that it is destroying culture, and widening the poverty gap, as well as de-stabilising world economies. "If globalisation has not succeeded in reducing
Unit 13- Management Accounting Assignment - 'Jones Compact Cars' I have given the opportunity to investigate and write a full management report on Jones Compact Cars. The firm requires my expertise in the area of management accounting; I will use my knowledge to evaluate each course of action needed to run the firm effectively. Jones Compact Cars is a small family business in rural Southgate. It was established 40 years ago and its star product is the flame red MG. The firm is not functioning efficiently and there is a lot of room for improvement. The firm suffers from four major problems, poor marketing, internal co-ordination, personnel and the lack of production. I will investigate the above and outline the major problems to a greater degree. One of the major problems that can be seen is that the firm does not practice good budgetary control. The sales forecast is set but it is very rarely monitored and costs are poorly controlled. The firm believes that if it sells 300 cars at the price of £40 each they will break even. From using the company information, by analysing and producing a break-even chart I have found out that The firm is incorrect in its assumption that it needs to sell 300 cars per year to break even. The actual amount that has to be sold to break even is 321 cars each month. I have illustrated this in my break-even
Singapore Competitiveness According to my presentation concerning Singapore Competiveness, I gained a lot of valuable knowledge about that country such as economic, political and especially its competitiveness. Although Singapore is just a tiny island and few of natural resources, it is a strong economic country and can be ranked no.5 the most competitive country in the world based on the global competitiveness report 2008-2009 (World Economic Forum, 2009). Thus, it is very interesting to discover how Singapore contests in international competition despite its lacking of essential physical resources, area and labor supply in particularly, for manufacturing as well as agriculture. The starting point of Singapore economy was from a base of abilities in entrepôt trade, petroleum refining and seaport service. Subsequently, it progressed into export industrial products based on tremendously FDI expanding. Singapore industrial activities were feeble for a decade due to a little entrepreneurial know-how and novel technology spilled over from China and a weak structure of domestic entrepreneurship. Eventually, the government performed tightly to improve the business structure and the specific skills needed was created by intervening vastly of Singapore government (Ashton et al., 1999). Strongly policy support and its industrial structure encouraged and carried on industrial growth
The New Keynesians Theory of Value By Nikoleta Petkanska One of the enduring questions of economics is "Where do profits come from?" One of the ways in which economic philosophers have tried to answer it is by first answering the question of value. At the center of most economic paradigms is a Theory of Value. The classical political economists found value to be determined in production; since most of the cost of production could be reduced to labor, this approach was refined into the Labor Theory of Value. Neoclassical economist looked for value in the market act of exchange and developed the Marginal Theory of Value. Both of these theories are currently under challenge by the post-Keynesians with their Sraffian Theory of Value, which, like the labor theory of value, is based on production rather than exchange. Any theory of value in economics is an extremely abstract formulation. "When people attempt to save more, the actual result may be only a lower level of output..." - Paul A. Samuelson "Higher saving leads to faster growth..." - N. Gregory Mankiw The two quotations above dramatically demonstrate the stark contrast between the "old" Keynesians and the "new". Samuelson and the old-style Keynesians start with the "general" theory of unemployment equilibrium and end with the classical model of full employment as a "special" case. As long as there are unemployed
Write an essay on the impact of China's accession to the WTO on Investment in China, taking into account China's investment laws and regulations.
LAW437/BSUL388 Chinese Trade and Investment Law QUESTIONS 2 Write an essay on the impact of China's accession to the WTO on Investment in China, taking into account China's investment laws and regulations. Since China's accession to the World Trade Organization (WTO) in December, 2002, the country has gone through a series of conceptual changes with respect to regulation and market control. This essay will try to examine the some of the impacts of its accession by focusing on the investment aspect. China and the WTO According to the latest statistics, the WTO now has more than 140 members and 90 percent of the world trade volumes are now co-ordinated under the frame of WTO.1 In other words, China's accession to the WTO symbolizes its anticipation and recognition of embracement in the global economy. Furthermore, the accession will encourage and enhance China's exchange and cooperation with other members in terms of trade policies and market environment. 2 Impact and Regulatory Changes Being part of the WTO membership inevitably compels all remembers to meet its rules. There is no exception to China. Due to the uniqueness of Chinese culture and political history, to create conformity with WTO rules, one of the very first tasks of Chinese government is to review laws and regulations that that are inconsistent with the WTO rules. As a result, the Chinese government is
Explain the Causes of Inflation Inflation is defined as a sustained general rise in prices. The opposite of inflation - Deflation - is a term which can have two meanings. Strictly speaking it is defined as a fall in the price level. However it can also be used to describe a slowdown in the rate of growth in the economy. Inflation is measured using either The Retail Price Index (RPI), the Retail Price Index excluding interest payments and indirect taxes (RPIY) or the Retail Price Index excluding mortgages (RPIX). The causes of inflation are down to four main reasons; demand-pull, cost-push, wage-price spirals and money supply inflation. Keynesians have traditionally argued that inflation occurs because of changes in real variables in the economy. One important Keynesian theory is that inflation is caused by excess demand in the economy; known as demand-pull inflation. It occurs when total demand for goods and services exceeds total supply, or in other words when the money supply grows faster than the ability of the economy to supply goods and services. When demand exceeds supply, firms are liable to increase price (as all firms wish to maximise profit), this has no effect on the demand they actually sell as there are excess numbers of people who wish to buy the product. The inflation rate largely depends on the economies output and the closer the AD curve is to full