...4. Do you think that information appliances like PDAs will replace personal computer (PCs) in business applications? Explain. Handheld microcomputer devices known as personal digital assistants (PDAs) are some of the most popular device in the information appliance category. Web-enabled PDAs use touch screens, pen-based handwriting recognition, or keypads so that mobile workers can send and received e-mail, access the Web, and exchange information such as appointments, to do lists, and sales contacts with their desktop PCs or Web server. PDAs have some advantages like smaller size, lighter weight and wireless network functions. They are widely used because of their mobility. For example, iPhone is a great product, and a lot of people are crazy about it. Everyday a vast number of people exchange e-mails and access all kinds of information on their iPhones very conveniently and quickly. However, I do not think that the information appliances like PDAs will replace personal computer (PCs) in the normal business applications. In this contemporary society, personal computers are regarded as formal office appliances because of their powerfulness and versatility. So, PDAs can hardly replace them in a couple of years because of their shortcomings. For example, they still cannot deal with big documents or save huge size information in their data storage. And because of their mobility, PDAs are always equipped with the touch screen without keyboard and mouse. It is kind...
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...ASSESSMENT Task 1 – ORAL QUESTIONS Research market information 1 a. According to the organisation’s marketing plan, what are the organisation’s three target markets * New builds * Renovations * Replacements * Describe the profile of each target market segment New builds- want to purchase entire suites, shop as couples, price sensitive, live in Brisbane Renovations- high quality items, different items, looking for unique and exotic, live in affluent suburbs Replacement – single shopper, cheap price, live in less affluent suburbs, basic products that replace broken or worn items * Describe the positioning and marketing mix for each market segment Product- wide ranging, quality and unique (Renovations) Service- Three year guarantee, easy payment scheme (New builds) Pricing – comparable prices for comparable quality (New builds, Renovations) Distribution – through a chain retail stores (All three target markets) Advertising and Promotion- Brizzy magazine, informational articles (All three target markets) Customer service- high quality (All three target markets) b. What previous marketing activities have been undertaken? Why do you think they were only partially successful? * Local letter box drops * Radio * Magazines * Direct Mail and advertising The previous marketing activities were only partially successful because they were not targeting the affluent people, many people do not want ‘junk mail’. After the advertisement...
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...Marketing Information to Gain Customer Insights Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter 4- slide 1 Learning Objectives Topic Outline • • • • • • • Marketing Information and Customer Insights Assessing Marketing Information Needs Developing Marketing Information Marketing Research Analyzing Marketing Information Distributing and Using Marketing Information Other Marketing Information Considerations Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Chapter 4- slide 2 Marketing Information and Customer Insights Customer Insights are: • Fresh and deep insights into customers needs and wants • Difficult to obtain – Not obvious – Customer’s unsure of their behavior • Not derived from more information but better information and more effective use of existing information Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Chapter 4- slide 3 Marketing Information and Customer Insights Customer Insights • Companies are forming customer insights teams – Include all company functional areas – Use insights to create more value for their customers – Customer controlled could be a problem Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Chapter 4- slide 4 Marketing Information and Customer Insights Marketing Information Systems (MIS) Marketing information system (MIS) consists of people and procedures for: – – – Assessing the information needs Developing needed information Helping decision...
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...|Discuss the reasons why asymmetric information can be a source of market failure. Use examples to illustrate your answers. | |By Andrew Sweeting | |November 1998 | |Introduction | |This essay is concerned with the issue of information in microeconomics, particularly where information is a factor in the failure of| |individual markets in an economy. Economic information and its importance in microeconomics is initially discussed, and continues | |with defining asymmetric information, which is a factor that can lead to a market failure. | |In the analysis of asymmetric information in markets, ex ante and ex post asymmetries information are discussed in relation to market| |transactions. Ex ante asymmetric information can be explained through Adverse Selection in relation to quality of goods in the | |product market, and ex post asymmetric information can be explained through Moral Hazard in insurance markets. Strategies to correct | |market failure(s) caused by these information asymmetries is addressed for each example discussed. ...
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...What is the information on Fannie and Freddie, and why is the change important to the housing market First of all, to fully understand the importance of the two companies and their aid, you must thank them how to help the millions of people to become the owner. Fannie Mae and Freddie Mac do not lend money directly to individuals. Rather, they are meant to establish a regular flow of funds banks actual payment of housing loans. Buy lenders from mortgage lenders - commercial banks, savings institutions and credit unions - which in turn allows these institutions to make additional home loans. Fannie mae was established in 1938 during the administration of President franklin d. Roosevelt when millions of families can't afford to buy a home. Freddie MAC in 32 years later. In 2007, the two companies announced the total loss of less than $5.2 billion, according to a report to congress. Before that, they didn't released since 1982, the total losses. In order to prevent crushing blow the real estate market, the federal government rescued company. Fannie mae and Freddie MAC, the financial problem does not pose a risk, if you do not intend to sell your home quickly or you don't want to refinance. That's because you don't have to worry about mortgage rates. And does not affect your current mortgage, so you should continue to pay agreement. My concern is that we really do not know what the market will Fannie Mae and Freddie Mac did not do. We know that...
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...An Empirical Study of Pricing Strategies in an Online Market with High-Frequency Price Information Sara Fisher Ellison M.I.T. Christopher M. Snyder Dartmouth College June 2010 Abstract: We study competition among a score of firms participating in an online market for a commodity-type memory module. Firms were able to adjust prices continuously and prices determined how the firms were ranked and listed (lowest price listed first), with better ranks contributing to firms' sales. Using a year's worth of hourly data, we document the pricing dynamics, cycles, and other patterns in this market. We then characterize empirically the factors which drive price changes, noting clear evidence of firm heterogeneity in the choice of pricing strategy. Finally, we develop a framework for simulating counterfactual market settings, using the simulations to examine counterfactuals involving different mixes of firms according to pricing strategies. JEL Codes: L11, C73, D21, L81 Contact Information: Ellison: Department of Economics, M.I.T., 50 Memorial Drive, Cambridge, MA 02142; tel. (617) 253-3821; fax. (617) 253-1330; email sellison@mit.edu. Snyder: Department of Economics, Dartmouth College, 301 Rockefeller Hall, Hanover, NH 03755; tel. (603) 646-0642, fax. (603) 646-2122, email chris.snyder@dartmouth.edu. Acknowledgments: The authors are grateful to Hongkai Zhang for superb research assistance and to Glenn Ellison for a number of useful conversations. 1. Introduction ...
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...The development of society and the national market economy was depended on the communications that transmitted commercial information. Also transportation including market networks was affecting the United States. Everything in the western world was built on slavery, we are talking Paris, Rome, London and New York not just the north and south region. The institutions, cities and wealth was built on the profits of slavery. United States was dependent upon the international trade which included exporting cotton, wheat, tobacco, and timber. The domestic market experienced an economic expansion after the war which increased textile manufacturers. This effected George Washington as well. Let’s not forget, George Washington was a slave owner. He held as many as 350 slaves. During the Great Depression in 1929, blacks were hit really hard. In some Northern cities, blacks were fired from their jobs so that whites weren’t without work. There was a law put in place called the “Jim Crow” law. This was put in effect all across America which represented a system of American Laws that were applied after the civial war for the purpose of controlling the emancipated exslave. The “Jim Crow “ law was simply reconstituted slave laws to keep blacks and whites from drinking from the same fountain. The laws were unambiguous back then. And now that we are in the twenth century, there is a black president of the United States of America. But what does say? Yes there has been improvement...
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...com/ ) Finance System including circulation for money, grant of credit, investment opportunities, and banking faculties Without finance, there would be no resource allocations for operating or functional expenditures. Efficient market Efficient market, information is simultaneously available with corresponding funds example – stock market To make intellectual and well-intended fiscal decisions, information pertaining to funds must be readily accessible and available to provide insight and information for clients/investors/brokers. Primary market A market where the security is purchased directly from the issuer by the investor The primary market allows companies to offer bonds and stock to the public for the first time. It is closely related to the secondary market dependent upon one another to be most effective. Secondary market The transactions of stock from investors and dealers without the involvement of the company This market allows for the trading and selling of shares in stock. Without this market, the stock market would not exist. Once again it is dependent on the primary market. Risk The possibility of losing value towards investments Any investment incurs some risk for example of the stock crashes or market value declines. FIN 370 Week 1 Individual Assignment Defining Financial Terms Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser...
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...Chapter 16: Market efficiency: Concept of market efficiency An efficient market has been defined as one in which the prices of securities fully reflect all available information. This requires that the reaction of the market prices to new information should be instantaneous and unbiased. If such conditions exist, it will not be possible (except by chance) to employ either past information or a mechanical trading strategy to generate returns in excess of the returns warranted by the level of risk involved. In short, consistent excess profits will not be made. Or in an efficient market it is not possible to consistently make an abnormal return. Statement 1 What would cause a market to be efficient? The main argument in support of efficiency is the existence of a competitive market in which numerous investors are competing in an effort to make abnormal returns. It is suggested that, in such a market, investors will seek information and take immediate action to buy or sell securities based on any new information. As a result, information will be impounded very quickly in market prices. Market efficiency may be improved by an increase in the quantity and quality of information that is made publicly available, and a reduction in restrictions on insider trading. Statement 1 * New information regarding securities comes to the market in random fashion. * Profit maximising investors cause security prices to adjust rapidly to reflect the effect of new information. Methods...
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...worth more. Investopedia - Time Value of Money - TVM. (2014). Retrieved from http://www.investopedia.com/terms/t/timevalueofmoney.asp Efficient market Is a market that prices will quicky respond when there is an announcement of any kind of new information. Textbook. Primary versus secondary market Risk-return tradeoff Agency (principal and agent problems) Market information and security prices and information asymmetry Agile and lean principles Return on investment Cash flow and a source of value Project management Outsourcing and offshoring Inventory turnover Just-in-time inventory (JIT) Vender managed inventory (VMI) Forecasting and demand management University of Phoenix Material Definitions Define the following terms using your text or other resources. Cite all resources consistent with APA guidelines. Term Definition Resource you used Time value of money Is the idea that money available at a present time is worth a lot more then the amount that its is in the future due to the “potential earning capacity”. The core principle of finance is provided money is able to earn interest and any money received sooner is worth more. Investopedia - Time Value of Money - TVM. (2014). Retrieved from http://www.investopedia.com/terms/t/timevalueofmoney.asp Efficient market Is a market that prices will quicky respond when there is an announcement...
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...AGRICULTURAL MARKETING INFORMATION SYSTEM (AGMARK-NET) MARKETING INFORMATION SYSTEM: A marketing information system (MIS) is intended to bring together disparate items of data into a coherent body of information. An MIS is, as will shortly be seen, more than raw data or information suitable for the purposes of decision making. An MIS also provides methods for interpreting the information the MIS provides. Definition: - By Philip Kotler A marketing information system consists of people, equipment, and procedures to gather, sort, analyze, needed, timely and evaluate,and distribute accurate information to marketing decision makers to improve their marketing planning, implementation, and control * Interacts with information users to assess information * Develops needed information from internal and external sources * Helps users analyze information for marketing decisions * Distributes the marketing information ATTRIBUTES OF MKIS: MKIS should be a cross between what managers think they need, what they really need, and what is economically feasible. * Relevance to decision making * Reliability (genuine sources) * Clarity * Precision * Timeliness * Strategic value * Accuracy * Completeness * Authenticity COMPONENTS OF MKIS: The marketing information systems and its subsystems Figure illustrates the major components of an MIS, the environmental factors monitored by the...
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...ASSIGNMENT OF INVESTMENT AND PORTFOLIO ANALYSIS Efficient Market Hypothesis (EMH) SUBMITTED TO DR. NIAMAT KHAN SUBMITTED BY SSH SHAYKH ROLL NO: 04 INSTITUTE OF MANAGEMENT STUDY UNIVERSITY OF PESHAWAR Efficient Market Hypothesis (EMH) Has been consented as one of the cornerstones of modern financial economics. Fama first defined the term "efficient market" in financial literature in 1965 as one in which security prices fully reflect all available information. The market is efficient if the reaction of market prices to new information should be immediate and impartial. Efficient market hypothesis is the initiative that information is quickly, and efficiently integrated into asset prices at any position in time, so that old information cannot be used to foretell future price movements. Therefore, three versions of EMH are being notable depends on the level of available information. TYPES OF Efficient Market Hypothesis (EMH) Weak form EMH The current asset prices already imitate past price and volume information. The information enclosed in the past succession of prices of a security is completely reflected in the current market price of that security. It is named weak form because the security prices are the most publicly and easily available pieces of information. It implies that no one should be able to smash the market using something that "everybody else knows". Yet, there are still numbers of financial researchers who are studying the past stock price cycle...
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...Modern information systems are designed not only for the purpose of collecting, gathering, generating, processing, storing and packaging information but for the dissemination or distribution of information as well. Information dissemination principles are therefore essentially part of the criteria used for evaluating information systems. Information dissemination is an important part of information systems management since the concept is part of the information life cycle that information systems are designed to complete. Without information dissemination the information life cycle is incomplete thus making it imperative that information systems be evaluated on that basis. For the purpose of this discussion, the Agricultural Market Information System (AMIS) shall be evaluated based on information dissemination principles. However, before making an attempt to evaluate the information system, it is important to comprehend what the concept of information dissemination entails and the principles thereof. Dissemination of information refers to “the distribution of information to the general public usually conducted by the government or an agency specifically given authorisation to release information for any public sector” (Fyler, 2011). The information released to the public is normally regulated by the government in terms of its content and quality of content. However, it is important that specific information is disseminated to the various groups of people that the information concerns...
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...event study method to focus on earnings announcements and share prices of all 29 real estate companies listed in Shanghai A-share market from 31 July 2012 to 30 Jun 2013. The event date was selected on the day when earnings for the year 2012 were announced. The method for calculating normal performance of shares was market model. The result of study showed that there was no significant reaction of share prices to earnings announcement containing good news in event window during [-30, -1] and [-1, +1], except 6 days before announcement day, 1 day before announcement day, and there was a significant reaction of share prices of real estate sector in Shanghai A-share market to earnings announcements containing good news in event window during [+1, +30]. For earnings announcements containing bad news, according to event study, we found no significant reaction of share prices of real estate sector in Shanghai A-share market in the event window between [-30, -1], [-1, +1] and [+1, +30], except 18 days and 7 days before earnings announcement day, 9 days, 21 days and 30 days after earnings announcement day. And we reached the conclusion that the real estate sector in Shanghai A-share does not conform to semi-strong form market efficiency. Key words: earnings announcement, share price, efficient market hypothesis, event studies, Chinese real estate market 1 Directory Directory ...................................................................................................
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...Need for information technology Today the whole world is taking help of the information technology in various sectors. Information technology helps the business to grow more and help to develop itself in a competitive way. Every organization needs to compete with others in the market and need a proper information technology. Information technology provides an opportunity to do business at a large scale and with an appropriate manner. Information technology helps the organization to reach more potential customers and establish a great relation with them. It also helps in improving the level of the operations and strategies which make an organization to understand the best strategies adopted by the organizations who are dealing with the same type of business process. It reduces cost of the business and increase the profit at the same time. Through the use of information technology an organization can minimize the waste and contribute towards the environment sustainability. The business industry is rapidly growing with the help of information technology. it also help the information technology to improve the standards of it. The information technology minimizes the problems and errors of the business and organizations. Information technology helps the organization to provide better services to the customers and maintain their brand name in the market. It also diverts the talent of the employees toward the core business instead of other issues. It also helps to understand...
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