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.
Nobody downloaded yet

Managerial Economics - Research Paper Example

Comments (0) Cite this document
Summary
Application of Managerial Economics Name University Professor Course Date ABSTRACT The study discusses the decision-making of the management of a design company that plans to create new design packages to offer to its current and prospective clients. The new packages will allow the company to receive higher profit…
Download full paper
GRAB THE BEST PAPER
Managerial Economics
Read TextPreview

Extract of sample
Managerial Economics

Download file to see previous pages... Designers split their focus in making the current designs for their clients while having time to produce designs for the upcoming promotional activities for the new packages. It was found out that the current plan of making new design packages may push the company to many opportunity costs. Alternatives may be needed, such as getting talented workers from developing countries through freelance sites to finish the project while continuing the planned release of new packages. Application of Managerial Economics Executive Summary The company named Graphic Design Works specializes in graphic design as a product for other companies like small businesses and startup companies. The management comes to a point where it needs to decide to add new packages that may increase the profits of the company. In addition, the decision-making body plans to expand the ventures of the company towards software development, networking and business process outsourcing. It means the company may hire new workers when it expands its business operations. For the company to expand, it requires huge amount of capital; the profits from the new packages may help in this if ever the launching and sales will be successful. The expansion may commence once the target profit is hit through the campaigns and promotions to popularize the new design packages for the clients to enjoy. The packages include various custom designs for merchandise, emails, webpage, logo and stationery with corresponding number of designs. Campaigns will be implemented through postings in the official website of Graphic Design Works, massive email advertising, article postings on web magazines, free ad postings, producing television commercials and radio announcements, post mail advertising, visiting corporate offices and phoning the potential customers. The company thinks of continuing the new packages to be offered to their past and present clients and even expand their market via promotions using traditional media with some touch of online advertising. Traditional media like newspapers, radio and television have already solid set of viewers that the company may tap to produce sales for their new packages. On the other hand, the internet allows any business to save while reaching global audience but with less developed tactics and strategies as of the moment. The potential of the internet shows that more people can start their business with low capital and target a wider market. In addition, companies can hire employees from overseas entirely online which saves them from spending too much on manpower. Graphic Design Works looks at the conditions as opportunities since more startup businesses mean more potential clients to convince which may lead to more sales and profit for the company. Other than that, the company also plans to target ordinary people without businesses by offering them design packages for parties or personal messages. Traditional media also become big opportunities for the company as more people are acquainted to view them since they are already part of the culture unlike the internet which still experiences many developments to cope up with the traditional media. When it comes to production decision, Graphic Design Works does not worry about the needed materials and equipment to create the packages. Computers, software and professional graphic designers are the ones needed for the job. Since computers become cheaper ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Managerial Economics Research Paper Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1400217-managerial-economics
(Managerial Economics Research Paper Example | Topics and Well Written Essays - 2500 Words)
https://studentshare.org/macro-microeconomics/1400217-managerial-economics.
“Managerial Economics Research Paper Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/macro-microeconomics/1400217-managerial-economics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Managerial Economics
Explain. (b) The price you can charge for your remodeling services? Explain. (c) Profits in home remodeling? Why? Answer: a) The firm is currently operating short run production. It is also known that the industry where the firm operates is an increasing cost industry.
3 Pages(750 words)Research Paper
Managerial Economics
yet only 7.3 million or only 23.6 percent of them uses hearing aids. It will be interesting to find out why it is so. Hearing aid is not yet so full proof a device to equate it with refractive lenses used to correct the vision of eyes. So as to say, no hearing aid restores the hearing in a most natural manner.
8 Pages(2000 words)Research Paper
Managerial Economics - Traded Firm and the Global Competition
In the past decade the percentage of air travel has enhanced by almost 7% per annum. All over the world travelling in business and leisure purposes have increased manifold. In the last year the scheduled airlines carried approximately 1.5 billion passengers.
12 Pages(3000 words)Research Paper
Behavioral economics & game theory in managerial microeconomics
Managerial economics is based on the assumption that formulation of logical managerial decision is possible. Managers are enabled to make rational decisions, their decisions become imperative component of organization success. Concepts of the game theory and behavioral theory, that facilitate process of decision-making is considered in the paper.
10 Pages(2500 words)Research Paper
Managerial Decision in Economics
The present study on the aspect of a comparison between hiring of a new employee or a temporary employee shows that while short term costs are lower for hiring a temporary employee, however considering the opportunity costs of a temporary employee and the value enhancement offered by a full time permanent employee, it seems the latter one is a better option for the organization.
8 Pages(2000 words)Research Paper
APPLIED MANAGERIAL ECONOMICS Research Questions
Renewable resources include water, air, etc, while non-renewable ones are inclusive of fossil fuels. Artificial resources on the other hand, are man-made ones and might include a factory building. b) The productivities of factors of production are often considered to be enhanced with the availability of resources in the economy, since industrial production is a direct positive function of growth in natural resource component as well and hikes in industrial production assists in enhancing factor productivity.
6 Pages(1500 words)Research Paper
Managerial Economics
Managerial Economics Essay NAME: AFFILIATION: UNIVERSITY: COURSE TITLE: DATE OF SUBMISSION: Managerial Economics Essay One of the best articles that have discussed the importance of International Trade in World Market has been published in New York Times magazine which has highlighted the importance of trade agreements in this globalization period (International Trade, 2012).
4 Pages(1000 words)Essay
Assignment for Managerial Economics
Macroenvironmental studies point that India has maintained a steady and attractive GDP growth rate over the last years and hence India is potential place for investment despite its growing political instability and corruption. A partial debt financing is recomendable for the company to start its new division in India because this financing strategy is particularly better in the context of a recovering global economy.
9 Pages(2250 words)Research Paper
Managerail Economics
The competitive market yields a total surplus equals to A & B in Figure 1. The above equlibrium level only yields C&D because in that case price is too low so suppliers will only supply until Q1. The below-equilibrium level of output is associated with a very high price, therefore as shown in Figure 3 consumers will only demand up to Q2 and yields total surplus equals to E&F.
3 Pages(750 words)Research Paper
Managerial Economics
However, the issue is, with investment opportunities that are available becoming more global and diverse in nature, both in the territories sense as well as business sectors sense, it has become difficult to decide not only which companies but also
9 Pages(2250 words)Research Paper
Let us find you another Research Paper on topic Managerial Economics for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us