Abstract Various factors influence people‘s choice of trading location. This paper analyses why street vendors despite the provision of formal market infrastructure still decide to trade from the streets. Theories of the informal economy were adopted to get insights into the issues of street vending. Based on survey results the study establishes that for street vendors accessibility of customers is a key consideration and they strategically locate on the streets to avoid formalisation costs
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1. At the current level of output a firm's marginal cost equal 16 and marginal revenue equals 10. The firms A is producing the profit-maximizing amount. B should produce more. C should produce less. D Not enough information. 2. If the demand curve a monopoly faces is P = 100 - 2Q, then profit maximization A is achieved when 25 units are produced. B is achieved by setting price equal to 25. C is achieved only by shutting down in the short run. D cannot be determined solely from
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Industry Analysis (Five forces Model) Rivalry -How do firms in an industry rivalry compete among themselves? -What are the dimensions of the competition? Threat of new entrants -What are the legal entry barriers for a new firm? -What are the economic entry barriers for a new firm? Threat of substitute products -Is there any substitute products of the industry? -If so, What is the level of price difference with substitute product? Bargaining power of buyers -What is level of buyers’
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Purchasing a new home is a major decision requiring a substantial financial outlay where the wrong decision could have long-term financial consequences. In addition, two principles that play a major role in this decision include principle number two the cost of something is what you give up to get it, and principle number three rational people think at the margin. The role of principal number two the cost of something is what you give up to get it, puts in perspective what a person must give up to
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The weighted average cost of capital formula is as follows: The E and the D in the weighted average formula are the firm’s equity and debt. According to our text the r above the little e is the required return for equity, and the r above the d is the required return for debt. L is the market value proportion of debt financing and T is the marginal corporate tax rate on income for the proposed project. In word format the equation states that WACC is the equity of the firm divided by the debt plus
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LIBERALISATION The main aim of liberalisation was to dismantle the excessive regulatory framework which acted as a shackle on freedom of enterprise. Over the years, the country had developed a system of “license-permit raj.” The aim of the new economic policy was to save the entrepreneurs from unnecessary Harassment of seeking permission from the Babudom (the bureaucracy of the country) to start an undertaking. Similarly, the big business houses were unable to start new enterprises because the
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1. A. Business Overview • Opened in 1972 in Seattle Washington • Now has 15,000 stores in 50 countries B. Aggregate Market • Consumers who need quality coffee worldwide C. Participating Market • Worldwide coffee shops 2. Market Environment A. Industry Environment • Industry made about $25 billion in revenues • Major competitors include Dunkin’ Donuts, Caribou Coffee, and Panera Bread Company • The specialty eatery industry is fragmented with the top 50 firms make up about 45% of the
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Consumer Income, Interest rates, Aggregate demand and supply Consumer income in the United States can be described as better than most compared to other countries. As of June, consumer income has increased .5 percent and personal disposal income has increased .4 percent (). Although the consumer income increased the consumer expenditures continued to decrease. This displays the consumer’s conservative spending habits. The consumer is yet to fully believe that the economy will continue to strengthen
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Trade is not a contest in which one wins and one loses. Trade can .make each trader better off. Trade allows each trader to specialize in what he or she does best, whether it be farming, building, or manufacturing, and trade their output for the output of other efficient producers. This is as true for countries as it is for individuals. Don't think of trade as having one side win and the other side lose. No one is forcing people to trade, so both sides think they benefit. Trade involves competition
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SWOT Elements S = Strengths (internal to the organization) W = Weaknesses (internal to the organization) O = Opportunities (external to the organization) T = Threats (external to the organization) Strengths and Weaknesses Strengths and Weaknesses, as their names imply, are internal characteristics of an organization - things that your company does well or poorly. Think of your workplace or another organization. Can you name things that the firm does well? These are factors over
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