StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Global economic and marketing - Essay Example

Comments (0) Cite this document
Summary
Name Instructor Course Date Global Economic Environment and Marketing Question one 1.1 Price elasticity of demand refers to the increase or decrease of the demand of a particular commodity in response to changes in the price of the commodity. 2/6* 100 = 33.33% change in demand 0.10/0.40 * 100 = 25% change in price Thus 33.33/25* 100 = 1.3332 1.3332 ?…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Global economic and marketing
Read Text Preview

Extract of sample "Global economic and marketing"

Download file to see previous pages 1.3 Decreasing the price of a commodity does not necessarily mean that a business establishment will realise profits. This is because there are other market forces such as competition that decide the price at which good and services are to be offered in the market. This being the case the management of the company should perform an assessment of the market in order to understand how various factors affect the price and demand of transport. After doing so the company will be well equipped to know to which level they should lower their prices in order to enjoy profits. Question two 2.1 One notices that changes in the income tax change in different ways from 2008 to 2013. This can be attributed to various factors that force the government to adopt taxation policies. For instance, when the government is running on a deficit budget then it is within reason that the government increases the income tax rate or tax band in order to increase its revenue. From the data provided one establishes the United Kingdom does not increase the tax rate but it increases the tax band. This is considered by various scholars as a good policy to adopt when allocate tax revenue especially in economic turmoil times. The tax system of the United Kingdom is designed in a manner in which those who earn minimum wages are charged lower taxes than those who earn higher amounts. For instance a person who earns 150,000 pounds is charged a higher tax rate when compared to one who earns 10, 000 pounds. This is so since the one earning above 150,000 falls under three different tax bands with three different tax rate each higher than the other. As a result their salary is deducted a considerable amount of their tax money. The United Kingdom government employs a tax system based on tax bands rather than increasing tax rates in order to ensure that low income earners are not deducted huge sums of money as income tax while at the same time the government continues to earn more revenue from those earning high incomes. In short, it is a good policy adopted since the latter complements the previous. 2.2 Income level 1 - ?10,000 2008-09 2009-10 2010-11 2011-12 2012-13 Personal allowance ?6,035 ?6,475 ?6,475 ?7,475 ?8,105 Income after reduction of personal allowance ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Global economic and marketing Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved de https://studentshare.org/macro-microeconomics/1492237-global-economic-and-marketing
(Global Economic and Marketing Essay Example | Topics and Well Written Essays - 1250 Words)
https://studentshare.org/macro-microeconomics/1492237-global-economic-and-marketing.
“Global Economic and Marketing Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/macro-microeconomics/1492237-global-economic-and-marketing.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Global economic and marketing

The Marketing Communications Strategy & Mix: Sports Company

Despite the challenges that Adidas met in the 90s from fierce competitor Nike, the company hit the rebound by the end of that decade and has reclaimed its position as one of the leading sports companies nationwide. Considering that the company almost went bankrupt at its lowest point, it managed to rise and compete once again in the market.
With Adidas’ position in the sports apparel industry, this research aims to find out and evaluate the various marketing communications strategies that Adidas has implemented over the years. Further, this research aims to be able to identify which strategy is proven to be most effective, and which did not bring the desired results.

Football is undoubtedly the most popular s...
9 Pages (2250 words) Case Study

The Popularity of Mobile Phone Marketing

The marketers of today should have a hawks eye on any new marketing trends and issues so that they can be adopted and addressed respectively and so that they benefit the marketing activities of the product to the maximum possible.
The current issues in marketing are those which have not been that prevalent/popular or even existent a year ago, and this is where the need for a spotlight on them arises. Marketers in the making need to have a close look at these current issues so that they can incorporate them into their marketing practices when they step into practical life. Not just those in the making, but it is essential for currently established marketers to be flexible for these current issues so as to provide the best mark...
10 Pages (2500 words) Term Paper

The Economic Impact of the Emergence of China and India

The main macroeconomic variable that toys in the global economy’s shift are the emergence of India and China as new superpowers. This emergence certainly has a number of implications, but among the most relevant are: disruption of the equilibrium of the global economy which results in rising demand of goods, giving way to worldwide inflation; the attractiveness of outsourcing to these countries due to low cost but high talent workforce of these countries for cheaper operations.
The growing middle class of China and India results in booming demand for the automobile industry. This increase in demand, with the increasing purchasing power of these countries’ people, is not limited to automobiles but more apparent in...
10 Pages (2500 words) Assignment

Global Challenges for Business Management and Leadership

This section aims at understanding the challenges faced by the United Nations due to political conflicts. In the summer of 2007, an issue in the Politically Speaking, the DPA had highlighted the increased focus on the conflict meditation. This report had also highlighted the interview with the Under-Secretary-General for political affairs. In the interview, he defended the UN against all the criticism and he also highlighted the need for finding political solutions for issues around the world. The interview also highlighted the importance of results to show the effective working of the UN. This interview also highlighted and urged critics to look at the positive along with the negatives of the UN. “The UN has knowledgeable a...
7 Pages (1750 words) Research Proposal

Info-Point: Marketing of New Touch Screen Information Technology

The development of the new Info-Point technology, a stand-alone information module designed to offer the public information on tourism, local shopping, weather, and transportation, has created the opportunity to successfully market these information technologies to different UK cities. The entire marketing concept is to establish self-service information centers that offer a wide variety of regional information, utilizing an easy-to-use touch screen methodology to cater to a broad mass market of consumers. 

Touch screen interface systems are becoming more and more common in the UK and abroad. During a pilot experiment using touch screen information technology, the automotive manufacturer Lexus piloted an informatio...
10 Pages (2500 words) Report

Economic Analysis of India

The country’s economy is fast growing with a stable political system that encourages foreign investment although with certain restrictions. The country generally has good energy, transport and communication systems which make the cost of doing business affordably.

The Republic of India found South of Asia is by far the world’s most populous democracy and ranks seventh largest in terms of geographical area (Brown, 1994). India is also the second most highly populated country in the world. The country has a rich culture with four major religions having originally emerged from it; Sikhism, Buddhism, Hinduism, and Jainism. The Indian Republic consists of seven union territories and 28 states and ranks twelfth la...
8 Pages (2000 words) Case Study

Bernard Madoff : A Scapegoat of the Economic Crisis

Darwin was condemned and treated with contempt by the Church for proposing the theory of evolution that linked all living matter in the earth, including humans. In the case of Bertrand Russell, he was imprisoned as a conscientious objector, for expressing his opposition to British participation in the First World War. These are typical examples of people being wrongfully punished when they were guilty of no crime or fraud or misdoing. It would be highly improper to associate Bernard Madoff with the aforementioned luminaries, for he was truly guilty of carrying out the biggest financial fraud in modern history. At the same time, it would be simplistic to classify him as a victim of the contemporary judicial system. The truth, in fa...
6 Pages (1500 words) Assignment

International Business: World Economic Forum and Davos 2010

...Introduction Globalization, one of the most hotly debated issues means global capitalism to some while others consider it to be the continuation of modernism with the forces of wealth, progress, democracy and happiness at play (Kellner, 2002). Globalization is considered to be beneficial which promotes economic prosperity, cultural diversity and technological advancement. According to the critical social theory, technology and capital work together to create a new globalized and interconnected world. While each force of globalization is important, technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking...
7 Pages (1750 words) Coursework

Globalization and World Economic Forum at Davos 2010

...Globalization and World Economic Forum at Davos Forces Driving Globalization Globalization has resulted in enhanced interdependencies among thenations of unprecedented scale. This augmented interdependence has caused the dismantling of trade barriers and liberalization of markets. The forces of globalization have impacted the nations, the firms and the individuals alike with the prerequisite of liberalization of trade (Awuah, 2009). The seven forces of globalization are; Markets, Production, Culture, Labor, Technology, Environment and Liberalization. Of these factors, the globalization of markets has engaged substantial attention of the firms and the academia. Some markets are highly globalized, while some are not. The scale of market...
7 Pages (1750 words) Coursework

Global Employee Information and Consultation: Replicating the European Model

A significant step to enhancing the employees’ right to information and consultation is the establishment of the European Works Council (EWC). The EWC Directive (94/45/EC) aims to improve cooperation in transnational companies and to allow trade unions to influence, at least indirectly, the decision-making of corporations (Lockwood and Williams). It requires community-scale undertakings and community-scale groups of undertaking to create this mechanism for regular consultation of the workforce. A ‘community-scale undertaking’ is one with at least 1,000 employees within the Member States and at least 150 employees in each of at least two Member States (Lewis and Sargeant).

An EWC is a forum that would a...
9 Pages (2250 words) Coursework
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 Essay on topic Global economic and marketing for FREE!

Contact Us