...Library Activity – Article Analysis U.S. Coffee Consumption Patterns ECO/365 Principles of Microeconomics September 30, 2013 | TOTAL |100% | |CONTENT (70%) |70.0% | |MECHANICS (30%) |30.0% | |FINAL GRADE (100%) |100.0% | |Grade (6-points) |6 | |Days late |0 | |Penalty |0% | |Updated Grade |6 | U.S. Coffee Consumption Patterns The article “U.S. Coffee Consumption Patterns” selected for this assignment was found in the University Library website using the keywords; Trends in consumption patterns, coffee. According to the U.S. Coffee Shop Market report recently published by Mintel Consumer Intelligence, two-thirds of respondents drink coffee away from home at least occasionally. Driving coffee shops' success is consumer demand for quality and convenience. Fifty-eight percent of respondents who regularly buy coffee at a coffee shop said coffee shops offer better quality coffee. However, only one-third of all respondents said they think coffee shops sell better coffee than those of their competitors. As for convenience, only 37 % of consumers who purchase their coffee at coffee shops instead of brewing it at home normally go to the closest coffee shop. The research conducted to find this article is as follows; I researching the University Library, selected EBSCOhost...
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...Article Analysis Student Name ECO/365 August 13, 2012 Teacher Name Article Analysis Trends Consumption in Corn The economics of trends in consumer consumptions of goods is closely by a wide variety of groups and agencies to determine what if any, patterns of expenditures can be discerned. The understanding the relationships between consumer trends and the supply and demand o such goods is intricately linked and help to reveal by the consumer trends. The consumption of goods is a staple of any economy making the understanding of supply and demand a critical concern. To illustrate how supply and demand has a lasting effect on consumers and goods, this paper will address corn as a commodity, utility and a consumer trend. Utility in Corn The definition of a utility is a good or service on which many consumers depend (Utility, 2012, p. 1). For much of the world, corn is considered an indispensable utility. Not only is corn used to feed millions of people and their livestock, corn is used in the manufacture of certain medications as well as in many international cuisines, as both a cooking medium, corn oil, and as a thickening agent in the form of corn starch. Corn is also the basic ingredient in the distillation of several alcoholic beverages as well as the primary source in the making of ethanol, an alternative fuel source. The diversity of corn literally affects billions of people, making it an essential utility to consumers all over the world (Cellania, 2012)...
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...Article Analysis ECO/365 12 October, 2012 Mr. Jeff Leeson In economics, consumption trends provide us with evidence to the relationship between supply and demand. These trends are examined to determine spending habits and patterns of the consumer. All goods and/or services with goods being defined as “all things that are moveable at the time of identification to a contract for sale” (U.C.C. Article 2-Sales ND) expended by the consumer are dictated by supply and demand. This essay will analyze the consumption patterns of natural gas as it relates to the supply and demand of said good. Natural gas consumption for generating power is increasing and consumption of natural gas for electric power has surpassed natural gas consumption “in the industrial sector since early 2009. The power sector added a significant amount of new natural gas fired generating capacity over the last decade, much of which was in the form of efficient combined-cycle units” (EIA.GOV, 2012, p.1). In years past, while coal-fired generation was inexpensive, the natural gas-fired combined-cycle units were utilized at somewhat lower rates. In the industrial sector, natural gas use rose in 2010 and 2011, reversing a trend of declining use that lasted from “the mid-1990s to 2009. Natural gas is used in the industrial sector and manufacturing sub-sector for process heating, steam generation, onsite electricity generation, space heating, and petrochemical...
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...Article Analysis University of Phoenix ECO / 365 Liliana Fargo November 1, 2009 Article Analysis Many consumers purchase products to use them because they like the product, it fits their lifestyle or just for the simple fact of it being affordable. The consumers hardly ever look at the purchase habits of other consumers that is the company’s job to do. There are many facets that a company has to look at, such as the trends and consumption patterns of the consumers that consumers are not too aware of. Taking all of this into consideration, the purpose of this paper will be to define economics, define microeconomics, define law of supply, as well as define the law of demand, ad to also identify the factors that lead to a change in supply and a change in demand. What is economics? Economics is more than just the “economy.” Economics is the study of how human beings coordinate their wants and desires, given the decision-making mechanisms, social customs, and political realities of the society (Colander, 2008). Merriam-Webster defines economics in a simpler way as a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services (2009). The key word in the definition given by Colander is coordinate. In the study of economics there are three central coordination problems any economy must solve, which are: what, and how much, to produce; how to produce it; and for whom to produce it...
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...Week 1 Eco 365 Article Analysis The name of the article on this paper is OP-ED: Falling Gasoline Use Means U.S. Can Just Say No to New Pipelines and Food-to-Fuel. Through this paper, we have to analyze the basis for the trends in consumption patterns. Consider the utility derived from a product or service mentioned in the article. Describe what has occurred to change the demand for the product or service and its market and equilibrium prices. Describe what has occurred to change the supply of the product or service and its market and equilibrium prices. In your opinion, is demand for this product or service price elastic or inelastic? What does this imply about how consumers respond to changes in the price of this product or service? According to an article from the Inter Press Service, gasoline consumption trends have been declining (Larson, 2013). The declined gasoline consumption has an effect on the utility that is derived from the product. There are different reasons for the decrease that include individuals using different means of transportation, use of other fuels, and decreased sales. Although the price of gasoline has risen, and is still rising, the product is still to considerably inelastic. The inelastic price on gasoline affect the economy in all ways. The decline in gasoline consumption has an effect on the utility of the product including the decline of usefulness of the product among consumers, but still needing the product for exports in the United States...
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...Trends In Consumption Patterns Paper By Tonue D. Sargent ECO/365 - Principles of Microeconomics January 14, 2013 Dr. Peggy Douglas– Instructor For trends in consumption patterns one must anticipate what the consumer is going to purchase. It is the law if supply and demand. When a product is made for people that they feel as though they cannot live without in the mass market, everyone will want it and therefore you have a high demand for it. Look at the coffee shop industry and the coffee business. The market for specialty coffees has become very popular since consumers are more knowledgeable of espresso drinks and how they are made. This paper will explore the basis for these trends in consumption patterns, to include the effectiveness resulting from coffee, changes in demand, market prices and the elasticity of demand for coffee. The paper will also define economics, the law of demand and supply, and discuss factors that can lead to a change in supply and demand. Each year, the National Coffee Association of the USA publishes a report on National Coffee Drinking Trends. This report is known one of the bibles of the coffee industry. According to First Research coffee shops businesses grew to 20,000 shops in the U.S. having combined revenue of $10 billion as reported in 2011. Over half of the adult population drinks coffee at some point. It is known that 66 percent of Americans buy their coffee outside...
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...Article Analysis Angela B. Bradford October 29th, 2012 ECO/365 Ashok Padhi Trends often have patterns weather they are because of marketing, consumer needs or changes in culture. I was interested in the product many in this country love to drink and it is coffee. Coffee is something I do not consume therefore I was interested in the trends and what made coffee so popular. I will be describing what occurs to make the demands of the good and its market and equilibrium prices, assuming the supply remains the same. I will then describe the change that has occurred with the supply of the product and its market and equilibrium prices, assuming demand remains the same. Lastly I will give my opinion on this products demand price if it is elastic or inelastic and what that implies about how consumers respond to changes in the price of the product. Coffee is the second largest commodity on the world followed by petroleum. Why is the demand so high? With the growth of coffee houses and coffee bars their came a shift in the specialty coffees and express coffees. The demand of specialty coffees has grown from 12 percent to 16 percent this year alone and that number is not prejudice to any age group gender or race. The consumption is now soaring again this year based on a growing economy and younger consumers getting into the mix. Supply on the other hand is in a shortfall and is approaching their lowest levels in 11 years. We currently have a big demand and a dwindling supply...
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...Week One Article Analysis ECO/365 January 16, 2012 Week One Article Analysis David Colander defines economics as "the study of how human beings coordinate their wants and desires, given the decision-making mechanisms, social customs, and political realities of the society” (Colander, 2010, p. 4). Coordination in this definition refers to production content, method, recipients, and even quantity. To think like an economist one must analyze every situation by comparing the costs and benefits and make any decisions based on those findings (Colander, 2010). The study of microeconomics zeroes in on the individual and analyzes how economic forces affect the choices he or she makes. Economic forces will ensure that what people want and will pay to get will match what is available. This is the concept of supply and demand. If the prices are such that people are not willing to pay it to obtain an item or service, they will choose to buy less of it, not buy it, or buy a substitute. This is the working of the law of demand. The price affects both supply and demand. When prices increase, the demand decreases, and when prices decrease, the demand increases. In the law of supply, however, if prices increase, individuals and companies will increase the supply because the opportunity cost of not producing the product rises with the price (Colander, 2010). There are factors other than price that can lead to changes in supply as well as changes in demand. These could be government...
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...(2010) Published online 10 March 2009 in Wiley InterScience (www.interscience.wiley.com) DOI: 10.1002/sd.394 Sustainable Consumption: Green Consumer Behaviour when Purchasing Products William Young1*, Kumju Hwang2, Seonaidh McDonald3 and Caroline J. Oates4 1 Sustainability Research Institute, School of Earth and Environment, University of Leeds, UK 2 Department of Business Administration, College of Business Administration, Chonnam National University, South Korea 3 Aberdeen Business School, Robert Gordon University, UK 4 Management School, University of Sheffield, UK ABSTRACT The ‘attitude–behaviour gap’ or ‘values–action gap’ is where 30% of consumers report that they are very concerned about environmental issues but they are struggling to translate this into purchases. For example, the market share for ethical foods remains at 5 per cent of sales. This paper investigates the purchasing process for green consumers in relation to consumer technology products in the UK. Data were collected from 81 self-declared green consumers through in depth interviews on recent purchases of technology products. A green consumer purchasing model and success criteria for closing the gap between green consumers’ values and their behaviour are developed. The paper concludes that incentives and single issue labels (like the current energy rating label) would help consumers concentrate their limited efforts. More fundamentally, ‘being green’ needs time and space in people’s lives that is not...
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...Jutex Bangladesh LETTER OF TRANSMITTAL 13 January, 2016 Dr. A.K.M Saiful Majid Professor Institute of Business Administration, University of Dhaka Sir, Enclosed is a business plan on “Jute Diversifying Product Manufacturing plant” that we prepared as the take home final business assignment for the Entrepreneurship course. we decided to conduct the plan on ‘Jute Diversifying Product Manufacturing plant’ keeping in mind the importance of market potential in Bangladesh. You approved our topic on January 10, 2016. The date of submission was set on January 13, 2016. This plan was conducted with proper authorization. The authenticity of the sources used in the report can be guaranteed. We are grateful to you for your overall cooperation throughout. We tried our best to live up to your expectation and hope that the business plan fulfills all the requirements. Sincerely yours, Nabid Hassan Kafi_______________________ Ahmed Muntasir Mahin___________________ Md. Al – Amin___________________________ i Jutex Bangladesh ACKNOWLEDGEMENT We take the privilege to extend our acknowledgement and heartfelt gratitude to our respected course instructor, Professor Dr. A.K.M Saiful Majid, who encouraged us to undertake this difficult endeavor and who has helped us all the way to the successful completion of this report with his able guidance, support and counseling. We have tried to incorporate his constructive suggestions and knowledgeable opinions in the...
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...Exploring consumer attitude and behaviour towards green practices in the lodging industry in India Kamal Manaktola and Vinnie Jauhari School of Hospitality & Tourism Management, Institute for International Management & Technology, Haryana, India Abstract Purpose – The study seeks to explore the factors which influence the consumer attitude and behaviour towards green practices in the lodging industry in India and also to explore the consumers’ intentions to pay for these practices. Design/methodology/approach – A quantitative and qualitative research methodology using a questionnaire along with secondary research has been proposed. A structured questionnaire has been used using convenience-sampling techniques from National Capital Region in India. Correlation and factor analysis has been used to explore consumers’ attitudes and behaviour towards green practices in the lodging industry. Findings – The consumers using hotel services are conscious about environmentally friendly practices in India. They patronise the hotels that have adapted green practices though not compromising on service quality. The consumers would prefer to use lodging that follows these practices but are not willing to pay extra for these services. Indian hotels have the competitive advantage over similar products if they follow green practices. Practical implications – The hotels would have to invest in environmentally friendly practices and look at long-term gains. The government...
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...Kampala International University Abdifatah Adan Egeh Course work material +256718275925 caloolgeele@hotmail.com Introduction The analysis of barriers to entry and exit is fundamental to the assessment of market power and market efficiency. A firm or firms may exercise market power for a significant period of time only if barriers to new entry exist. Thus in determining whether or not a proposed merger is against the public interest, or whether a firm (or firms) is abusing monopoly or market power in antitrust cases, analysis of entry conditions is of primary importance. One might therefore expect to see rather extensive and sophisticated analyses of entry conditions, or barriers to entry, in monopoly and merger cases that come before competition authorities in the United States, United Kingdom, or member states of the European Union (EU). One might also expect that competition authorities would have placed a great deal of emphasis and effort on achieving a coherent and consistent framework for the analysis of entry barriers in a manner that makes use of the latest thinking on the subject by industrial organization economists. However, until very recently no competition authority that we are aware of has attempted to formulate a coherent and detailed framework for the analysis of barriers to entry, despite the significant degree of effort that has been put into clarifying the related problems of market definition and the measurement of monopoly or market power....
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...perspective shows that given the right economic environment and the support, the cement Industry can attract good investment and capacity additions. The industry has learnt to deal with many environmental and sustainable issues and emerged as a responsible and mature Industry. The cement Industry has a great potential as the Indian per capita consumption (130 Kg) which is low and is set to increase over the many years and thereby the demand for this product will always be strong. The government and the private sector supported by the economic liberalization have rolled out enormous investments in infrastructure development and commercial/ industrial development. The increasing purchasing power of the vast middle class / double incomes of the nuclear families supported by liberal housing Loans have helped the growth of Housing sector. All this bodes well for the Demand for cement and growth of the Industry. . Importance of cement as a Building Material: Cement plays a key role in development of infrastructure like roads, runways, flyovers, bridges, railways, airports, housing complexes etc. Per capita consumption of cement is accepted as...
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...President Chain Store Corporation 2011 CSR Report President Chain Store Corporation 2011 CSR Report www.7-11.com.tw 7-ELEVEN 2011 CSR REPORT Content About This Report h i s re p o r t e n c o m p a s s e s t h e v i e w s a n d strategies of President Chain Store Corp. (PCSC) concerning key issues of sustainability in the retail industry and displays our current results and future plans, thereby providing a channel to communicate with our stakeholders. Meanwhile, we view this report as a strategic means of self-review and –assessment so that all results will produce a rolling multiplier effect, gradually achieving the ultimate goal of a happy enterprise and society. The 2011 Corporate Social Responsibility (CSR) repor t is the first to be issued by the PCSC in accordance with the Global Report Initiative’s thirdgeneration criteria (GRI G3). Its contents are based primarily on data from 2009 to 2010 (from Jan. 1st, 2009 to Dec. 31st, 2010), with B-Level application status and organization boundaries established according to the consolidated-statement principle. The primary scope of the performance presented in the current report is limited to PCSC operations in Taiwan. Data from other subsidiary companies are expected to be included gradually in future reports so as to present more complete information and carry out the verification of report. Content • Reporting Principles The core of this 2011 President Chain Store Corp. CSR report is ”Happiness,” with a...
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...Who’s Eating All the Fish? The Food Security Rationale for Culling Cetaceans A Report to Humane Society International By Wilf Swartz and Daniel Pauly Presented at IWC 60 June 23, 2008 Santiago, Chile Table of Contents Executive Summary ...................................................................................................................... 1 Introduction................................................................................................................................... 2 A re-packaging of the whaling debate ........................................................................................ 2 Fish and food security................................................................................................................. 3 Fish (and food security) in crisis................................................................................................. 4 Marine Mammals: Threat to Food Security? ............................................................................ 7 The ‘whales-eat-our-fish’ argument ........................................................................................... 7 Flaws of the argument................................................................................................................. 7 Political success of the ‘whales-eat-our-fish’ lobby ................................................................. 10 Globalization of Fisheries: A Real Threat to Regional Food Security..............
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