For comments: ehabmes@yahoo.com Chapter 2: Competitiveness, Strategy, and Productivity Definitions: Competitiveness: How effectively the organization meets the needs of the customers relative to others that offer similar goods or services. Strategy: Plans to achieve organization goals. Productivity: Measure of effective use of resources, usually expressed as the ratio of outputs to inputs. Productivity =Output / Input Competitiveness: Organizations compete with each other in various ways
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1. Question Supply Chain Resources definition are Materials, People, Information, Money or any other such resources that must be managed for profitable business operations. Define and describe brief information of the resources defined. Supply chain management (SCM) is the management of the flow of goods. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Interconnected or interlinked networks
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The use of earnings forecasts in stock recommendations: Are accurate analysts more consistent?† Andreas Simon Orfalea College of Business California Polytechnic State University San Luis Obispo, CA (email: ansimon@calpoly.edu) Asher Curtis David Eccles School of Business The University of Utah Salt Lake City, UT (email: asher.curtis@business.utah.edu) This draft: September, 2010. Forthcoming, Journal of Business Finance and Accounting. ABSTRACT: We examine how analysts’ conflicting incentives
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Gross Domestic Product (GDP). The GDP estimates the total income and expenditures of an economy output of goods and services, which means for any economy as a whole income must equal expenditures. Although in calculating the formula for GDP, it ignores a very large portion of the activities that occur in an economy, policy makers depend on the GDP statistics and forecast to decide what course of action with economics, fiscal and investment policies. (Mankiw, 2008). GDP measures the flow of money
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= # years to double where x equals growth rate. 2. Y = C + I + G + NX – the spending approach to calculating GDP. 3. S = I in a closed economy (no trade) and S = I + NX in an open economy 4. Calculating Nominal GDP: Multiple the number of each good produced times the price of each good: Photdog*Qhotdog + Phamburger*Qhamburger. 5. Calculating Real GDP: this proceeds just as calculating nominal GDP, but instead of current prices you use base prices: Photdog(base year)*Qhotdog(current year) + Phamburger
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would help stabilize the economy in the short run by either increasing government spending or cutting taxes. By doing this the level of GDP is raised and unemployment is reduced creating more disposable income for consumers through increased unemployment compensation and other entitlement programs that aid households income levels, which in turn, brings the level of GDP to the level of full employment. Although these actions may help stabilize the economy timing of the actions to take place is important
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life expectancy at birth. * Knowledge, as measured by the adult literacy rate (with two-thirds weight) and the combined primary, secondary and tertiary gross enrolment ratio (with one-third weight). * A decent standard of living measured by GDP per capita. Wikipedia.org also described HDI thus “the Human Development Index (HDI) is a composite statistic used to rank countries by level of "human development" and separate
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Exercise 1 Chapter 7 GDP: Measuring Total Production and Income 7.1 Gross Domestic Product Measures Total Production 1) In May 2009, Ford Motor Company's sales were down 20 percent from a year earlier. These events were caused by A) an economic recession. B) an economic expansion. C) a reduction in advertising. D) declining quality of service. Answer: A Diff: 2 Page Ref: 613/209 Topic: The Business Cycle Objective: LO1: Explain how total production
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Exercise 1 Chapter 7 GDP: Measuring Total Production and Income 7.1 Gross Domestic Product Measures Total Production 1) In May 2009, Ford Motor Company's sales were down 20 percent from a year earlier. These events were caused by A) an economic recession. B) an economic expansion. C) a reduction in advertising. D) declining quality of service. Answer: A Diff: 2 Page Ref: 613/209 Topic: The Business Cycle Objective: LO1: Explain how total production
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widely-used measure of economic output is the Gross Domestic Product (abbreviated GDP). GDP generally is defined as the market value of the goods and services produced by a country. One way to calculate a nation's GDP is to sum all expenditures in the country. This method is known as the expenditure approach and is described below. Alternative Approaches to Calculating GDP There are three approaches to calculating GDP: * Expenditure approach - described above; calculates the final spending on goods
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