Premium Essay

Case Study -Economics

In:

Submitted By mohitlal90
Words 540
Pages 3
Section A (20 Marks)
Write short notes on any four of the following 1. Marginal Utility

2. Income Elasticity of Demand

3. Role of Managerial Economics

4. Trend Projection Method

5. Economies of Scale

Section B (30 marks)

(Attempt any three) 1. Discuss the approaches to consumer demand analysis.

2. Describe the various methods for surveying the consumer.

3. Make a list of differences in complimentary goods and substitutes goods.

4. “Elasticity of supply is the degree of responsiveness of quantity supplied to a given change in price”. Explain this definition.

Section C (50 marks)

(Attempt all questions. Every question carries 10 marks)

Read the case “Apple Inc.” and answer the following questions:

Case Study: Apple Inc.

In 2010, Apple had to delay the international launch of its iPad computer for a month, blaming ‘surprisingly strong US demand’ that was higher than the company’s ability to produce them. More than 500,000 were delivered to retailers and customers in its first week on sale, but these soon sold out. The company had planned to launch the touch-screen device internationally at the end of April, after beginning sales in the USA on 3 April. But the strong demand meant that it could not hit that date.
The company said in a statement: ‘We will announce international pricing and begin taking online preorders on Monday, May 10. We know that many international customers waiting to buy an iPad will be disappointed by this news, but we hope they will be pleased to learn the reason—the iPad is a runaway success in the US thus far.’
The news was a disappointment to thousands of people outside the USA who wanted to get the machines as soon as possible.
The iPad is a touch-screen computer with a 9.7-inch screen, which uses the same operating system as Apple’s iPhone and iPod Touch. It

Similar Documents

Premium Essay

Geography Help

...Specimen | Describe and explain the development of meanders. | With reference to one or more case study of coastal management, discuss whether the benefits outweigh the costs. | With reference to a named country, evaluate attempts to manage population change.Name of country: | Discuss how the United Kingdom’s changing population structure is likely to affect employment in the health and care services over the next 25 years or so. | June 09 | Describe and explain the formation of landforms resulting from rejuvenation. | With specific reference to a case study of coastal erosion, assess the relative importance of its physical and socio-economic consequences. | Outline and comment on the economic and political consequences of populationchange | Describe and suggest reasons for regional variations in morbidity in the UK. | Jan 10 | Discuss the advantages and disadvantages of hard engineering as a floodmanagement strategy | Explain the causes of sea level change and the formation of resultant coastal landforms. | For any two of the following types of area, summarise the contrasts between themand explain the implications of these contrasts for social welfare: * inner city * suburban * rural–urban fringe * rural settlement.Chosen areas: | Discuss the impact of obesity on people’s health and the strategies adopted to care for people with obesity | June 10 | Compare and comment on the economic and social effects of flooding in two contrasting areas of the world. | Discuss issues...

Words: 8537 - Pages: 35

Premium Essay

Information Technology and Accounting

...International Journal of Trade, Economics and Finance, Vol. 1, No. 1, June, 2010 2010-023X Information Technology roles in Accounting Tasks – A Multiple-case Study Maria do Céu Gaspar Alves Abstract—Nowadays the business world is changing at a faster and faster pace. The reasons given for this is globalization, highs information technology (IT) investments and the rapid pace of technological change. Organizations are responding in different ways and at different rates to the wide range of IT based opportunities and pressures. The purpose of this paper is to focus on the effects of IT related organizational changes on the management accounting function and to contribute to the body of knowledge about to what extent IT affects the ability to solve accounting tasks. The relationship between IT and accounting practices was investigated qualitatively using six case studies and we will measure the impact of IT on accountants’ tasks. The findings suggest a tendency for change and the decentralization of accounting tasks. Index Terms—Accounting, Accounting Information Systems, Financial Documents, Information Technology, Management Information System. I. INTRODUCTION Nowadays the business world is changing at a faster and faster pace. The reasons given for this is globalization, highs IT investments and the rapid pace of technological change in combination with escalating costs of research and development (Frishamar, 2002). The role of information technology...

Words: 4110 - Pages: 17

Premium Essay

Case Analysis

...Sources of Information for Case Writing and Analysis The primary sources for case study research are the University Library and the Worldwide Web. A summary of their resources is listed below. I. The University Library The typical University library provides a valuable collection of databases useful for both primary and secondary data collection on a company or industry. Some of the leading information databases are as follows: 1. Macro-Level Industry Information - Standard and Poor’s Industry Surveys Quarterly - U.S. Industrial Outlook - Value Line Industry Survey - Corporate and Industry Research Reports - Guide to the Economic Censuses and Related Statistics - Market Share Reporter 2. Company-level information - Moody’s manuals for financial information - Standard and Poor’s Corporation Records Current Issues - Hoover’s Guides and Handbooks on companies - Dow Jones News Retrieval - Annual Reports and other Corporate Documents - SEC File - EDGAR PLUS - Stock Brokerage Reports (Investex, Corporate and Industry Research Reports) Besides the above sources of information, the library commonly provides an online database on industry and company related information. The ALADIN software, for example, provides a guided menu to explore these databases. Two prominent sources on ALADIN are: ABI/Information on Business & Management and the Business and Industry database. These databases provide search driven abstracts and articles. II. The Worldwide Web While the library provides...

Words: 650 - Pages: 3

Premium Essay

My Son the Fanatic

...Forløb og tekster fra 1.G 1. Literature/fiction and film analysis * http://so1.cphwest.dk/kulturelle_materialer/Engelsk_kulturelle.pdf * Working with Fiction (dokumenter): Read "The New Girl" * Litterature: 'My Son the Fanatic * Film analysis (oral): 'Crash' * Literary analysis of short stories relating to racial diversity, immigration and general social issues etc. * Texts: Aline's journey, The New Girl; The First Day (US society; Racism; Social class in the US); 'Little Things' by Raymond Carver; 'My Son the Fanatic' by Hanif Kureishi (UK Area Study); First Confession by Frank O'Connor (Ireland: an introduction-Religion). Film analysis. * Subjects related to sporting, social, political and economic themes. Films: Green Street Hooligans (Sport+UK society); Crash (US society); Bloody Sunday by Paul Greengrass (UK - Nothern Ireland); Bowling for Columbine (Guns in America). 2. UK: Area study * “Two Speed Britain” (s.54-s.63) fra bogen;” What’s up, Britain” * Tekster fra Current magazien "Margaret Thatcher", "The Rise of UKIP", "The Weird Foods Brits Love", "Jack the Ripper Stalks London" og "London's East End" * “My Son the fantastic” * Waterboys sang ”Old England” 3. USA: Political, Society and culture * "Mapping where English is not the language at home" By Dan Keating and Darla Cameron: http://www.washingtonpost.com/wp-srv/special/national/us-language-map/ * Cadillac advert analysis: http://adage.com/article/news/cadillac-clears-misconceptions-poolside-ad/291925/...

Words: 1169 - Pages: 5

Free Essay

Bus 250 (Corporate and Social Responsibility) Entire Class

...Assignment Case Study A Brawl in Mickey's Backyard Case Study: A Brawl in Mickey's Backyard Read the Brawl in Mickey's Backyard Case Study at the end of Chapter One in your text. In one to two double-spaced pages, supported by evidence in your text and from other research, answer the following questions: Who are the relevant market and nonmarket stakeholders in this situation? What possible solutions to this dispute do you think might emerge from dialogue between SunCal and its stakeholders? Submit to your instructor no later than day 7 (Monday). Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment. Week 1 DQ1 Business & Society In one paragraph, supported by evidence in your text and from other research, describe two forces that you believe shape the relationship between business and society. Provide two examples (one for each force you choose). Look for flaws and strengths in specific examples and applications. Respond to at least two of your classmates' postings Week 1 DQ2 Business & Accountability In one paragraph, supported with evidence from your text and from other research, provide one example and brief discussion of one business in your area that has demonstrated accountability to people, to its community, and to its environment. Be specific with your examples. Respond to at least two of your classmates' postings Week 2 Assignment Case Study Alcoa's Core Values in Practice Case Study: Alcoa's...

Words: 1799 - Pages: 8

Free Essay

Bus 250 (Corporate and Social Responsibility) Entire Class

...Assignment Case Study A Brawl in Mickey's Backyard Case Study: A Brawl in Mickey's Backyard Read the Brawl in Mickey's Backyard Case Study at the end of Chapter One in your text. In one to two double-spaced pages, supported by evidence in your text and from other research, answer the following questions: Who are the relevant market and nonmarket stakeholders in this situation? What possible solutions to this dispute do you think might emerge from dialogue between SunCal and its stakeholders? Submit to your instructor no later than day 7 (Monday). Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment. Week 1 DQ1 Business & Society In one paragraph, supported by evidence in your text and from other research, describe two forces that you believe shape the relationship between business and society. Provide two examples (one for each force you choose). Look for flaws and strengths in specific examples and applications. Respond to at least two of your classmates' postings Week 1 DQ2 Business & Accountability In one paragraph, supported with evidence from your text and from other research, provide one example and brief discussion of one business in your area that has demonstrated accountability to people, to its community, and to its environment. Be specific with your examples. Respond to at least two of your classmates' postings Week 2 Assignment Case Study Alcoa's Core Values in Practice Case Study: Alcoa's...

Words: 1799 - Pages: 8

Free Essay

Bus 250 (Corporate and Social Responsibility) Complete Class

...Assignment Case Study A Brawl in Mickey's Backyard Case Study: A Brawl in Mickey's Backyard Read the Brawl in Mickey's Backyard Case Study at the end of Chapter One in your text. In one to two double-spaced pages, supported by evidence in your text and from other research, answer the following questions: Who are the relevant market and nonmarket stakeholders in this situation? What possible solutions to this dispute do you think might emerge from dialogue between SunCal and its stakeholders? Submit to your instructor no later than day 7 (Monday). Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment. Week 1 DQ1 Business & Society In one paragraph, supported by evidence in your text and from other research, describe two forces that you believe shape the relationship between business and society. Provide two examples (one for each force you choose). Look for flaws and strengths in specific examples and applications. Respond to at least two of your classmates' postings Week 1 DQ2 Business & Accountability In one paragraph, supported with evidence from your text and from other research, provide one example and brief discussion of one business in your area that has demonstrated accountability to people, to its community, and to its environment. Be specific with your examples. Respond to at least two of your classmates' postings Week 2 Assignment Case Study Alcoa's Core Values in Practice Case Study: Alcoa's...

Words: 1801 - Pages: 8

Free Essay

Bus 250 (Corporate and Social Responsibility) Entire Class

...Assignment Case Study A Brawl in Mickey's Backyard Case Study: A Brawl in Mickey's Backyard Read the Brawl in Mickey's Backyard Case Study at the end of Chapter One in your text. In one to two double-spaced pages, supported by evidence in your text and from other research, answer the following questions: Who are the relevant market and nonmarket stakeholders in this situation? What possible solutions to this dispute do you think might emerge from dialogue between SunCal and its stakeholders? Submit to your instructor no later than day 7 (Monday). Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment. Week 1 DQ1 Business & Society In one paragraph, supported by evidence in your text and from other research, describe two forces that you believe shape the relationship between business and society. Provide two examples (one for each force you choose). Look for flaws and strengths in specific examples and applications. Respond to at least two of your classmates' postings Week 1 DQ2 Business & Accountability In one paragraph, supported with evidence from your text and from other research, provide one example and brief discussion of one business in your area that has demonstrated accountability to people, to its community, and to its environment. Be specific with your examples. Respond to at least two of your classmates' postings Week 2 Assignment Case Study Alcoa's Core Values in Practice Case Study: Alcoa's...

Words: 1799 - Pages: 8

Free Essay

Bus 250 (Corporate and Social Responsibility) Complete Class

...Assignment Case Study A Brawl in Mickey's Backyard Case Study: A Brawl in Mickey's Backyard Read the Brawl in Mickey's Backyard Case Study at the end of Chapter One in your text. In one to two double-spaced pages, supported by evidence in your text and from other research, answer the following questions: Who are the relevant market and nonmarket stakeholders in this situation? What possible solutions to this dispute do you think might emerge from dialogue between SunCal and its stakeholders? Submit to your instructor no later than day 7 (Monday). Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment. Week 1 DQ1 Business & Society In one paragraph, supported by evidence in your text and from other research, describe two forces that you believe shape the relationship between business and society. Provide two examples (one for each force you choose). Look for flaws and strengths in specific examples and applications. Respond to at least two of your classmates' postings Week 1 DQ2 Business & Accountability In one paragraph, supported with evidence from your text and from other research, provide one example and brief discussion of one business in your area that has demonstrated accountability to people, to its community, and to its environment. Be specific with your examples. Respond to at least two of your classmates' postings Week 2 Assignment Case Study Alcoa's Core Values in Practice Case Study: Alcoa's...

Words: 1801 - Pages: 8

Premium Essay

Entreprenuer

...Jessica Turner has a master's degree in accounting and an undergrad degree in business. She established Turner Test Prep, a CPA exam review center, after being rejected by the Big Six accounting firms. She decided to bring the company into existence when she was searching for other employment options, and also because she had experience in the field when she worked at a review center's business office before taking up her master's degree. There, she inadvertently started teaching the math portion of the reviews, and received training in teaching. After passing the CPA exam on the first try herself, she decided that she would like to help those who want to take the CPA exam pass on their first try as well. And so she developed a business and marketing plan, convened with various professors to create a comprehensive curriculum, and opened her firm's doors. Instead of the normal review route of using books, software, or online courses, she provided a full service 6 week, 3-6 hours a day review regimen for her clients that include one hour live lectures from various professors, discussions about test taking skills and organizational skills to digest information faster, provided audiotapes that the clients can listen to at home or in their cars, executed timed mini tests as well as practice essay questions, one on one bi weekly client meeting to see how they've progressed and for them to ask questions, and a direct line to her via e mail for any queries the clients may have. She Even...

Words: 487 - Pages: 2

Premium Essay

Levi Strauss & Company Case Study

...LEVI STRAUSS & COMPANY CASE STUDY Cevdet KIZIL Master of Science in Organizational Leadership Program 1- Knowing that its managers are willing to trade off some economic efficiency in order to operate according to their collective view of what is “ethical”, would you buy shares of stock in this company? Why or why not? First of all, I think we are experiencing a paradox in this situation. Because, the company is trading off economic efficiency in order to operate, but it’s a well known fact that economic efficiency is one of the factors which affects the price of stocks. On the other hand, let’s say the company did set economic efficiency as a priority and decided to close some of its plants. This will mean laying off several employees. Thus, the current condition really makes is tough to judge. However, I would still buy shares of stock in this company. Because, company reputation, image and responsibility are also effective factors. Furthermore, I believe that Levi Strauss & Company’s ethical view will help them to win in the long-run. They may experience losses and they may not make profits in a short period, but I think that company’s ethical view will also affect their stock price, profitability and brand in the long run. For example, Margery Kraus, President and CEO of APCO Worldwide also justify my opinions with her words “Play by your own rules and ethics. In the long run it will pay off”. As a result, because of all these reasons, I would buy shares...

Words: 1140 - Pages: 5

Free Essay

Deis

...UNIT OUTLINE Read this document to learn essential details about your unit. It will also help you to get started with your studies. BMA604 Consumer Decision Making Semester 2, 2015 THIS UNIT IS BEING OFFERED IN: HOBART & BY DISTANCE Taught by: Professor Aron O’Cass (Unit Coordinator) CRICOS Provider Code: 00586B BMA604, Consumer Decision Making 2 Contents Contact Details ........................................................................................................................................ 2 Unit Description ...................................................................................................................................... 3 Prior Knowledge &/or Skills OR Pre-Requisite Unit(s) ............................................................................ 3 Enrolment in the Unit ............................................................................................................................. 3 When does the unit commence? ............................................................................................................ 3 University of Tasmania Graduate Quality Statement ............................................................................. 3 Intended Learning Outcomes for BMA604 ............................................................................................. 4 Learning Expectations and Teaching Strategies/Approach ........................................................

Words: 6673 - Pages: 27

Premium Essay

Tncs Importance

...operates in at least two countries. They often have management headquarters in their home country and operate in host countries alongside; examples would include GlaxoSmithKline, BP, Wal-Mart and Coca-Cola. NICs are having a prominent impact on sculpting the global economy. They are characterised by the fact that they are gaining an increasing share of the world manufacturing output, a significant growth in their manufactured export production and a significant annual growth in their manufacturing sector. The first generation of NICs were, given their geographical location, known as the ‘Asian Tigers’ – Hong Kong, Taiwan, South Korea and Singapore. The impact of NICs is global; the 21st century is arguably an era of global economic independence. The growth model of the Asian Tigers has been criticised. They have not followed the typical model of import substitution with an aim of becoming self-sufficient, instead they have...

Words: 1769 - Pages: 8

Free Essay

A Leader

...acknowledges that the poor in many developing countries remain largely excluded from ICT and its benefits. This paper aims to address three issues. Firstly, identify ICT barriers in the literature from 2000 to 2011. Secondly, identify ICT barriers through empirical findings and thirdly, categorize these barriers into critical success factors. These aims are achieved by comparing the findings in the literature to our recent empirical results. Two methodologies are used in this study, namely, a systematic literature review and a case study; the empirical data for our case study was collected from The Gambia in autumn of 2012. The systematic literature review covers 1107 studies (2000-2011) published in the top five ranked ICT4D journals in terms of journal citation ranking. The paper identifies a total of 43 ICT barriers. Forty of them are common to both studies while the remaining three were revealed in the case study, namely, lack of Internet exchange points, micromanaging and invisible hands. The barriers in both studies are grouped into eight possible critical success factors and their degrees of severity are then compared. This paper argues that lack of Internet...

Words: 7224 - Pages: 29

Premium Essay

Malmi

...In this research note we will discuss strengths and weaknesses in the design of this study, and propose ways to deal with the weaknesses in a follow-up study. We will address two themes; generalizability and reliability/validity. Generalizability Generalizability theory is mainly used as a tool to conceptualize and design reliable data. (Brennan 2001) If we want to operationalize generalizability than generalizability would be an extension of your conclusions from for example a small survey to a much larger population. Applying this on case studies, Mills, Durepos and Wiebe (2010) say generalizability refers to the ability of extending the validity of one's case study conclusions to other cases of the kind. In his paper, Malmi actually uses the term theoretical generalization and defines it as the explanations generated from this and other case studies that will help ABC failure as a phenomenon to become understandable. In order to achieve this, Malmi explicitly illustrates the different interests of organizational stakeholders, different purposes for the use of ABC and describes political, economic and cultural influences on ABC implementation. Due to the multiple factors affecting ABC implementation, Malmi described ABC failure in a broad context such that his conclusion is easier transferable to other organizations. Reliability and validity In the context of quantitative studies, reliability can be defined as the extent to which evidence is independent of the person...

Words: 664 - Pages: 3