Nobody downloaded yet

Business Econimics - Research Paper Example

Comments (0) Cite this document
Summary
Economy Test [Name [ID [Date Enron's collapse is commonly cited as an example of malfunctioning corporate ethics. Their corporate and organizational culture led to the end of their company (Berenbeim, 2002; Palast, 2002; Schuler, 2002; Tourish, 2005). Were there other impacts, though?…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98% of users find it useful
Business Econimics
Read TextPreview

Extract of sample "Business Econimics"

Download file to see previous pages The elasticity of demand might affected too: Since trust is hard to earn and easy to lose, it is likely that once a company has violated ethical standards, consumers will be afraid of getting burnt again and will avoid the company at the first sign of trouble, making their offerings more elastic. Costs might raise: Contractors, suppliers and distributors might ask for a higher price for their service and goods, either because they feel that the company's bargaining position has declined, as insurance against potential malfeasance, or as compensation for the inevitable PR hit. Ethical issues are more likely to occur in deregulated markets (Palast, 2002; Palast, 2004). This is for a few reasons. First: The kind of behavior that occurs in a deregulated market tends to already be less constrained by conventional ethics, meaning that companies that thrive in that environment are already likely to have unorthodox and perhaps unscrupulous cultures and practices. Second: Regulation, both by NGOs and government, tends to make companies more sensitive to the impacts of what they are doing; it might be seen by someone. One of the major ways that Enron managed to get away with so much was the inaction of shareholders and the failure of accounting firms, auditors and regulators (Palast, 2002; Berenbeim, 2002). Consider a rise in demand for computer chips and potato chips. Potato chips are pure luxury items: They are highly elastic, because people can afford to go without potato chips. Computers and the chips that make them up, in contrast, are essential items for business, homes, political agencies and NGOs. The economy runs on telecommunication technology, credit card processing, etc. that is all done through computerized systems. A reduction in demand can't hurt computer makers much, despite the relatively high cost of producing computer chips to potato chips, because they are so essential. In the short run, a potato chip maker might harvest more potatoes, run lines faster, or pack factories more tightly to increase production. A computer chip maker might do the same thing, but while the occasional green or stale potato chip is not a threat to the potato chip makers' reputation, a failing computer chip costs headaches in bad reviews, tech support headaches and so on. Buying new factories for potato chips is likely to be easy: Buying and properly fitting new factories and training new personnel for computer chips is much harder. In the long run, of course, the potato chip company has to bear in mind that a new health fad, a change in the taste buds and palates of customers, a marketing campaign, or something else might harm the demand for their product. They can't afford to get too much excess. Further, potato chips must be strictly identified according to USDA standards, meaning rebranding is more difficult than it might seem and companies are less flexible than an initial review would suggest (2009). However, computer chip makers know that, in the long run, their product cannot help but grow, as the Third World catches up and computerizes more and more and as more and more products need computer chips. Thus, it's clear that a product that is elastic might have some more flexibility in dealing with spikes, but tends to have difficulty maintaining those spikes and therefore taking advantage of them, whereas a less elastic product might take longer to get ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Econimics Research Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved de https://studentshare.org/family-consumer-science/1405156-business-econimics
(Business Econimics Research Paper Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/family-consumer-science/1405156-business-econimics.
“Business Econimics Research Paper Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/family-consumer-science/1405156-business-econimics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business Econimics

Business to Business Marketing

...? Business To Business Marketing Introduction Business to Business, also popularly known as B2B, basically refers to the commercial transactions between two organizations. Business to Business marketing is concerned about selling or purchasing of goods or services with a motive to support the operations of other firm or to support production of other firms’ products or even for resale purposes. It is worth mentioning here that an organization which is involved in Business to Business operation produces goods that is further used as the raw materials or helps the other organizations (customers) in their...
4 Pages(1000 words)Term Paper

Business to Business Marketing

...? Business to Business Marketing Table of Content Answer1 3 A)Advantages and Disadvantages of trading block 3 Advantage 3 Disadvantage 4 B)Influence of trading bloc in B2B business 4 Answer2 5 A)Concept of added value in B2B market 5 B)Difference of B2B market and B2C market 7 C)Example of B2B and B2C market 9 Answer3 10 Difference of pricing strategy in B2B and B2C market 10 Supplier are the price makers in geographic market segmentation 12 Referencing 13 Answer1 A) Advantages and Disadvantages of trading block Advantage A trade block represents a group of countries who make an agreement among themselves that they will not trade with the countries except the member countries. It is an...
13 Pages(3250 words)Essay

Business to business marketing

...?Running Head: Business-to-Business Marketing Business-to-Business Marketing [Institute’s Business-to-Business Marketing MARKETING COMMUNICATION TOOLS The business world employs a diverse range of marketing tools to promote their company and products and now this section will include discussion of a few to allow CCS to select the best out of them. These may include use of websites, brochures, and mailing (Armstrong & Kotler, pp. 23-29, 2008). The basic aim of using these marketing techniques is to achieve higher and higher sales, thus, making it all the more important for company’s success. This also emphasizes the importance of communication techniques, so much, so that the researches show that a good product can miserably fail... that can...
12 Pages(3000 words)Essay

Business law

...?Business law Part Qn Section 19 of the Equality Act defines indirect discrimination as an act of discrimination by a person (A) by application of a discriminatory provision, criterion or practice that militates against another person’s (B) protected characteristic. Section 19 (2) lays down four possible situations that can be called as four components of indirect discrimination. They are (a) a provision, criterion or practice is applied by A on other persons which B does not share with. (b) it (provision, criterion or practice) places or likely to place persons of characteristics shared by B at a particular disadvantage on comparison with those whose characteristics B does share with. (c) the provision, criterion or practice puts... in...
8 Pages(2000 words)Essay

ECONIMICS 405: Assignment1: Article Analysis

...of a business firm is the model of Production Possibility Curve. The curve is based on the hypothetical analysis of an economy which engages in the production of two products A and B with the help of a given amount of resources and given state of technology. A Production Possibility Curve B (Source: Authors Creation) The above graph explains a production possibility curve. It shows the various combinations of two goods that can be produced (A and B) with the help of a given state of technology and a given amount of resources for the purpose of production. Since the amount of resources available in an economy is limited, it can be stated that for the production of extra units of product B, the country needs to sacrifice...
7 Pages(1750 words)Assignment

ECONIMICS 405: Assignment2: Externalities

...? Externalities Externalities Introduction Externalities are those effects of a project to the environment around them, which are indirect and were never intended as the major purpose for that project as from its initiation. Externalities can either be negative or positive depending on whether it causes a cost or benefit to the stakeholders and the nearby environment. When the cost of the effect exceeds the benefits, we say that the externality is a negative one; whereas when the benefits of the effect exceed the cost, then it is said to be a positive externality. This paper is intended to identify and discuss just three examples of externalities and their effects to the stakeholders and affected parties. Discussion An access road...
3 Pages(750 words)Assignment

Econimics course work

... Incentives The Concept of High Power Incentives High-powered incentive is a situation whereby employees are set to work on a specific goal. Employees are given goals to achieve upon, which they are compensated. Most of the compensations given in the case of high power incentives are measured terms of monetary enumeration, promotion, or earning of bonus. High powered incentives enables employees to achieve their set targets because they would work with vigor to ensure that their goals are achieved. The intensity of the qualitative work done by employees is also increased due to the intensity of punishment that may be levied against one for not achieving their goals or the set objectives. This puts high power incentives as a risky... Incentives...
4 Pages(1000 words)Coursework

Health Econimics and Policy

...The National Health Service: Advantages, Problems, and Possible Solutions The National Health Service (NHS) in England is a system of universal health care that is funded by public taxes. When this organization was created, “the idea was that if Britain could work towards full employment and spend huge sums of money during the wartime effort, then in a time of peace equitable measures of social solidarity and financial resources could be redirected towards fostering public goods.” (Wikipedia, 2008). The NHS was created with good intentions, but there are many consequences to go along with the advantages. Carefully examining both the advantages and disadvantages of the NHS will lead to a better understanding of the NHS... National Health...
5 Pages(1250 words)Essay

Current events in the economy

...Fiscal policy Employment can be considered as one of the most notable indicator of the economy. According to Keynesian theory the absence of proper production and demand causes of unemployment greatly use the fiscal policies to increase the aggregate demand to increase the level of employment hence improve the economy’s production. The increase in the employment level consequently increases production level. Fiscal policies can increase employment level if the government reduces the expenditure or/and reduces tax. The aggregate demand will increase hence increase in employment (Gray, 2004). According to the article in the Journal by Froyen, (2009), the other school of economics that deals with monetarist, real...
1 Pages(250 words)Essay

Comparison between US and UK

...is key to the growth of economy and maintenance of inflation. The central bank controls the rate of interests charged on loans and savings, hence influencing flow of money. In a microeconomical sense individuals and business play a major part in the economy. If a business assumes the consumers demand, that hinders the growth of the business and hence economy. Work Cited CIA World Fact Book. Europe, United Kingdom. 2014. Web. https://www.cia.gov/library/publications/the-world-factbook/geos/uk.html CIA World Fact Book. North America, United States of. 2014. Web. America,https://www.cia.gov/library/publications/the-world-factbook/geos/us.html Econimics Help. UK Monetary...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Business Econimics for FREE!

Contact Us