macroeconomic objectives, such as full employment, sustained long-term economic growth and price level stability. Fiscal policy seeks to control aggregate demand by altering the balance between government expenditure and taxation. If the economy is in recession, the government could increase government expenditure and/cut taxes. This is called expansionary fiscal policy and the effect would be a higher level of aggregate demand and hence a multiplier rise in GDP and lower unemployment. If the economy was
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domestic product (GDP). The GDP fluctuations imply an expansion or contraction of the economy. The period of economic growth is called boom while the period of economic decline is called recession. The highest possible growth just before the decline is called the peak while the lowest possible point during recession is known as the trough or the slump. According to Bowlin (2015), one of the main cycles business management will encounter in the life of a business is one that sees four, distinct trends:
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Environmental Scanning MGT 498 April 7, 2014 Environmental Scanning * To become and stay seccussful a company must be aware of their environment. It is essential for successful stretegic planning that the company perform environmental scanning to monitor, evaluate, and disseminate information from their internal and external environments to the right people who make the decisions (Wheelen & Hunger, 2010). Environmental Scanning is the process of gathering information
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Leading Change at Simmons with the GGOL Simmons Opportunity to Roll Out the GGOL Program William A. Owen MGMT 6351 Dr. Donna Stringer 10/16/14 Executive Summary The following case anlaysis has been conducted on the Harvard Business Review’s Leading Change at Simmons article. The analysis intends to present the situation at Simmons during 2001 and some key management decisions to consider that would positively decide the organization’s fate. There are several challenges
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All businesses operate around certain business cycles. A business cycle refers to various trends that occur within a business or industry, such as growth or contraction. Often times, management decisions are impacted by where the company stands in reference to a particular cycle. Macro business cycles such as the general state of the economy also play an important role in management decisions. When the economy is in a cycle of retraction, management will act conservatively, whereas in a cycle of
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a slowdown in the Indian economy, which has not only reduced the demand for cars, but has also led to adoption of price cutting strategies by various car manufactures. The industry indicators predict that the economy is gradually slipping into recession. Exhibit 1 Balance sheet as at March 31,200 x (Amount in Rs. Crore) Source of Funds Share capital 350 Reserves and surplus 250 600 Loans :
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Greek Economy Case: In 2010 the Greek government had to inform the European Commission on how it would control its budget deficit and improve the performance of its economy. The government’s debt is so high that agencies assessing the creditworthiness of the government downgraded it (which would mean more interest has to be paid to raise finance). Proposals were likely to include a 10% cut in government spending. Analysis: In the coast of Southern Europe, more notably Greece, have only a diminutive
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Cause and Effects on Unemployment Tyrelle Leaks English115 Prof Ludvigsen August 30, 2015 Unemployment can occurs when a person who is actively searching for a job and is unable to find work. It can also be from a person being laid off from a job. This can affect an individual and their family because you need an income to make a living. There are many reasons why someone who is able and wants to work can be unemployed. It starts with your education because without a high school diploma or
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Homeland Security Isabella Wood 1. Calculate the change in total receipts and outlays from Fiscal Year (FY) 2014 and FY 2015, and explain economic factors and policy changes that caused the change. Receipts 43,648,541,218.79 (2014) 42,564,233,193.56 (2015) Change of 1,084,308,025.23 A decrease by 2.48% Following the FY14-18 Strategic Plan, the Department of Homeland Security began measures to Prevent Terrorism and Enhance Security Secure, Manage our Borders, Enforce and
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Summary of Article, “Lululemon rides out recession in quality fashion” Many clothing firms cut price to allure customers in the recession. However, Christine Day, the vice president of Lululemon adopted a contrary approach, now lululemon is profitable. The success of lululemon in the recession attributed to the innovative strategies. First of all, Christine Day did not lower price, but devote into improving quality of clothes. Besides, she attracted customers by offering new products such
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