stakeholders 5 the responsibilities of an organization and strategies employed to meet them 5 Task2: The economic system attempt to allocate resources effectively 6 Assess the impact of fiscal and monetary policy on business organization and their activities Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization 7 Task3: The market structures determine the pricing and output decision of businesses 8 The way in which market forces
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Questions 1. How did the global economic crisis unfold? The economy changed for the worst when the dot.com bubble burst in 2000, and 9/11 terrorist attacks happened in 2001. 2. What steps did the Federal government and the Federal Reserve take to mitigate the crisis? They decreased interest rates, and subprime mortgage came into play. They seized a few companies that controlled a lot of the mortgage. The congress passed a bill on dollar bailout
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paradigm in healthcare service. Direct-to-consumer genetic testing involves the marketing of genetic tests to consumers directly so that tests may be ordered without going through a healthcare provider. There are more than a few companies that offer health-related genetic testing for direct purchase by the consumer; however, further scrutiny of these companies demonstrated that overall, these biotech companies do not provide enough information for consumers to make well-informed decisions. Of the several
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Marketing Environment The marketing environment surrounds and impacts upon the organization. There are three key elements to the marketing environment which are the internal environment, the microenvironment and the macro environment. Why are they important? Well marketers build both internal and external relationships. Marketers aim to deliver value to satisfied customers, so we need to assess and evaluate our internal business/corporate environment and our external environment which is subdivided
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When customer loyalty is a factor, you are able to charge more because customer loyalty makes market demand less elastic. 2-Put in Place an Ongoing and Flexible Process Managers must review and monitor competitive pricing and the changing of consumer shopping behavior for microwaveable foods. MICROWAVEABLE FOODS 3 3-Take a Portfolio Approach The portfolio approach would be having the manager
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Industry Overview: Craft Breweries & Microbreweries Craft breweries and microbreweries produce beer in limited quantities when compared to large breweries (generally under 10,000 barrels per year) and usually distribute their beer within a limited geographic region. Craft breweries often specialize in specific styles of beer, and focus on providing customers a superior product, using traditional brewing techniques. Certain craft breweries sell beer directly on their premises, and are called brewpubs
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society, we as consumers are continuously being bombarded by advertising ads on T.V and billboards and highways to promote the latest product. a user isn’t always looking at the product or reading the safety warning on the item; they are only looking at who and what athlete and movie star promotes this latest product. For example, Gatorade always uses high profile athletes or famous people to promote its product. These ads provide a sublime message. These Ads are gear to get the consumer to buy their
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Aug.18th.2014 Introduction PharmaCare is a national pharmacy management, staffing, and consulting company , PharmaCare is caring of producing drugs and improve of quality of life . The company offers free and discounted drugs to low-income consumers, has a foundation that sponsors healthcare educational programs and scholarships, PharmaCare located in San Antonio, With a corporate-based professional staff consisting of Clinical and Licensed Pharmacists, Certified Pharmacy Technicians and Pharmacy
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Review of consumer protection measures in the travel and travel related services market in Australia including the role of the Travel Compensation Fund Submission by Australian Federation of Travel Agents April 2010 Contact Mr Jayson Westbury Chief Executive Officer, AFTA 309 Pitt Street Sydney NSW 2000 T: 02 9287 9900 E: afta@afta.com.au Without a travel agent, you are on your own AFTA submission to Ministerial Council on Consumer Affairs Review of consumer protection measures in the
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because of marketing’s interface with many diverse stakeholders. Marketing is a key functional area in the business organization that provides a visible interface with not only customers, but other stakeholders such as the media, investors, regulatory agencies, channel members, trade associations, as well as others. It is important when addressing marketing ethics to recognize that it should be examined from an individual, organizational, and societal perspective. Examining marketing ethics from a
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