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

Economics Report 3 - Essay Example

Comments (0) Cite this document
Summary
Economics Report 3 Abstract The aim of this essay is to explain and analyze the annual report of J. Sansbury plc with the application of various theories. Sainsbury was instigated in 1869 by John James Sainsbury and his spouse Mary Ann Sainsbury. The company operates through a network of over 1,106 supermarkets and convenient stores along with an employee base of 157,000 (J Sainsbury plc, 2013)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.1% of users find it useful
Economics Report 3
Read TextPreview

Extract of sample "Economics Report 3"

Download file to see previous pages The company currently is also observed to be focused on product differentiation to obtain competitive advantages through the demand shift trends reflected in the recent market changes. Table of Contents Abstract 2 Table of Contents 3 1.0. Introduction 4 1.1. Report Brief 4 1.2. Company Background 4 1.3. Research Aim 4 1.4. Method of Data Collection 5 2.0. Literature Review 5 2.1. Demand Theory 5 2.1.1. Demand Curve 5 2.1.2. Price and Demand Elasticity 6 2.2. Market Structure Theory 6 2.2.1. Product Differentiation Theory 7 2.2.2. Sales Revenue Maximization Theory 7 2.3. Long Run Theory 8 3.0. Case Study 8 3.1. Demand Curve Shift 8 3.1.1. Sainsbury Investment 9 3.2. Market Structure 9 3.2.1. Product Differentiation Strategy 10 3.2.2. Product Shift and Sales Maximization 10 3.3. Unconventional Long Run Company 11 4.0. Conclusion and recommendation 11 4.1. Answer to Aim 11 4.2. Overall Conclusion 11 4.3. Recommendations 12 References 13 1.0. Introduction 1.1. Report Brief This report aims at examining the current performance deciphered by the UK based retail giant, J. Sainsbury plc (Sainsbury). Accordingly, to accomplish the defined objective, various economic theories have been applied and eventually, make suggestions for the better performance of the company in future. 1.2. Company Background The retailing company was founded in 1869 by John James Sainsbury and his spouse Mary Ann Sainsbury. Since then the company has been growing at a sustainable pace. Currently, the company operates over 1,106 supermarkets and convenient stores and has an employee base of 157,000. Operating in the retailing industry the company has it’s headquarter in London (J Sainsbury plc, 2013). 1.3. Research Aim As mentioned above, this study aims at researching the current developments in Sainsbury’s strategic behaviour along with that observed in its industrial trends, with the application of relevant theories. Based on the inferences drawn from the assessment of Sainsbury’s current developments, as presented in its annual report for the year 2013, the essay also aims to suggest few rational recommendations to the company. 1.4. Method of Data Collection The primary source used in this research is the 2013 annual report of Sainsbury. Besides this source, information from the company website are also used in this essay, as per as the requirement. Additionally, inferences have been drawn from relevant peer-reviewed journals and academic sources so as to accomplish the research aim. 2.0. Literature Review 2.1. Demand Theory According to the demand theory, explained in Reynolds (2011), customers’ willingness to buy the commodities served by a particular industry or by a company along with their purchasing capacity, determines the market demand. The theory bases its assumptions on the study of various determinant factors that influence consumer willingness and their purchasing power as well. These determinant factors include, the price of the products (Px), price of the other goods or substitute goods (P0), income of the consumer (I), advertisement and the structure of population (N) among others. Thus, the demand function is depicted as D = f (Px, P0, I, N). The theory further assumes that consumer demand for a particular commodity varies if ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economics Report 3 Essay Example | Topics and Well Written Essays - 1750 words”, n.d.)
Economics Report 3 Essay Example | Topics and Well Written Essays - 1750 words. Retrieved from https://studentshare.org/macro-microeconomics/1492655-economics-report
(Economics Report 3 Essay Example | Topics and Well Written Essays - 1750 Words)
Economics Report 3 Essay Example | Topics and Well Written Essays - 1750 Words. https://studentshare.org/macro-microeconomics/1492655-economics-report.
“Economics Report 3 Essay Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/macro-microeconomics/1492655-economics-report.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economics Report 3

The Roles of 3 Key Participants in the Property Development Process In Australia

Security is of primary concern to people living in new small townships that are mushrooming all over Australia under the impact of rapid urbanization and high-density population. While architects are seen taking a proactive role in property development, others are cutting across traditional routines and creating a new role for themselves as designer-developers.

Architects, property developers, and town planners here in Australia see the true picture of the international partnership developed between these three key players in property development abroad and are now trying to implement them here. Despite differences, these players are working in unison to create world-class infrastructures.
“The economic and d...
8 Pages(2000 words)Report

The Causes of Plagiarism and Strategies to Prevent It in a University Environment

There is another aspect of practicing plagiarism, which has been discussed by Edward M. White. He has seen the problem of plagiarism from a different angle in his “opinion” article in Chronicle of Higher Education, “Student Plagiarism as an Institutional and Social Issue”. He has raised the issue of “Research Assistance” provided by advertisers, “Thousand of papers in stock, available for any course”, pointing to the problem of not only graded students papers going out of the office for resurfacing in future but the immoral practice of taking outside sources help to complete the assignments, which, according to the writer, needs to be fixed. This trend of plagiarism has degraded lear...
12 Pages(3000 words)Report

Why a Free Press is Important for a Liberal Democracy

“Why, for instance,” he is credited as having continued along these same lines, “should it be said that liberty of the press shall not be restrained when no power is given by which restrictions may be imposed? (136)” Hamilton’s argument was lost to the states, and the first ten amendments of the Constitution reflect the state’s insistence for a Bill of Rights, and first on the Bill of Rights is the right to free speech (137). Neither Hamilton, who was during his life a proliferate letter writer, expressing his views on every subject of the day and many which were not subject to discussion at all (Hamilton 1911, 62); nor the represents of the states who held out against ratifying the Constitution...
7 Pages(1750 words)Report

Is It Fair To Characterize the Nationalization Programme as a Failed Experiment

Nationalization of key industries and sectors like Health, insurance were thought to be the easiest way for the all round development of the nation. The National Insurance and National Health Services (NHS) in Britain are a direct consequence of the consensus between Labour Party and the Conservative Party in the domestic politics during 1945-1970s. Britain came to be known as a welfare state, as it also established the state provision of social security benefits and pensions. Subsequently the Labour government also facilitated a policy which allowed the government to intervene directly in the economy by way of nationalisation of key industries, like coal, power and steel, and the transport sector (EIU, 2006). Management of war ec...
6 Pages(1500 words)Report

Strategic Opportunities for E-commerce Enabled Supply Chains

Scaling the e-business in IT infrastructure is important because it reduces the cost and expenses to interact with the customers and suppliers. It also helps in maintaining and in management of the e-business. 

“As your environment begins to evolve, it is important to recognize the value of horizontally scaling your platforms and applications to support increased loads and service requirements. As the concurrency and complexity of your systems grow, the greater the need becomes to support policy-based routing, application and data caches, as well as load balancing hardware and software.” (Whitepaper; August 2001)

From very starting there was a need for those applications that can be used to c...
9 Pages(2250 words)Report

Methodological Approach in a Quantitative Research

“Qualitative research allows you to explore perceptions, attitudes and motivations and to understand how they are formed.” (Kivlichan). The result of qualitative research is depended on the analytical skills of the researcher. The researcher should possess a good observation skill in order to make a proper analysis of the situation.

As the name describes quantitative research deals with numbers or items that can be expressed in numbers. It gives information about the number of people involved in the topic of the research. “Quantitative research is all about quantifying the relationships between variables. Variables are the things you measure on your subjects, which can be humans, animals, or cells.&rd...
9 Pages(2250 words)Report

Provisions for Gas, Electricity, and Water Markets

... to wholesale markets. Three major problems arose in introducing competition into the gas market: 1. Permitting equal access to the network 2. Avoiding price discrimination 3. Ensuring that gas supplies were available to newcomers Access pricing, network separation and unbundling In a vertically integrated network utility, access pricing is a key issue. To consider the access pricing problem The underlying problem that was identified when attempting to introduce competition into the gas industry is that, in any regime in which the owner of a common facility that competitors must use to take their product to market also sells the product to consumers (and produces it as well), the conditions for effective competition cannot exist...
9 Pages(2250 words)Report

Does Terrorism Work as a Means of Changing World Policies

That is the dilemma associated with terrorism--- the double-edged weapon. The old saying that one man's terrorist is another man's freedom fighter, is still in vogue. A man belonging to Al-Qaeda can be a so-called freedom fighter for Bin-Laden but for President George Bush Government, he is simply a terrorist, who spills the blood of the innocents.

The basic and the debatable question here is whether terrorism really works in the present scenario in changing the Governments and their opinions? There appears to be a number of instances across the globe wherein it has been felt that terrorists, except killing innocents and making media headings and stories, have generally failed in their deadly mission in toppling the dem...
7 Pages(1750 words)Report

Investment Appraisal and Management Control

It is important that managers are aware of the consequences of every decision they take, be it, buying a computer for a small company or a vehicle for delivery of goods, or manufacturing plant for the company or a company by itself (Duncan Williamson, 2003)

While investing on any project, the company normally would have a choice. The management needs to have a good understanding of each of these proposals and should be able to weigh the benefits and drawbacks of each proposal. All the decisions require a detailed analysis to assess whether or not the investment is feasible for the company. The feasibility of the project depends not only on the financials of the company but also partly on non- financial factors (Bized...
14 Pages(3500 words)Report

The Role of Informal Communication as a Strategic Management Tool within ABC Inc

ABC boasts of seven brands catering to local and international markets. The company is said to be bureaucratic, with a top-heavy management team. This makes vertical communication slow and tedious; thus, there is a preponderance of rumours and gossip, through informal communication channels.

The conclusions include the following issues for ABC: a strongly bureaucratic, tall organizational structure which makes vertical communication slow and tedious; and the lack of deliberate initiatives to manage change efforts.

It is encouraged that attitude surveys be conducted to understand employee needs considering the impending changes that the organization faces. Moreover, measures needed to develop vertical communic...
10 Pages(2500 words)Report

Economic Value Added as Tool for Improving Performances

To discover whether pure profits exist, take the revenue of the firm and deduct the costs of all factors of production other than capital. Then deduct the pure return on capital and any risk premium necessary to compensate the owners of capital for risks associated with its use. Anything that remains is pure profits.” Simply in economic terminology economic value added (EVA) is commercial profits reduced by opportunity costs (that is the pure return on riskless investment and the risk premium). Lipsey calls the EVA defined in this fashion as “pure profits, economic profits or, where there is no room for ambiguity, just profits”.

Investors in any company are interested in real profits that are profits r...
7 Pages(1750 words)Report

Gross Domestic Product and the Nations Competency in Terms of Economic Welfare

It is often used to compare the economic performance to aid as a prediction tool and to analyze the business cycles and the recessive and expansive economic performances within them. This further aid economic and fiscal policy formulation of the government and is also used to analyze the consumer behavior and the economic phenomena involved. (Heakal, R. 2008).These figures can be a benchmark to compare economies of different nations and the economic prediction process is also made possible.

A usual pattern of assessing the Gross Domestic Product is to have an initial GDP report on every quarter which is an advance report. Two corrective reports follow this before the final figures on GDP are arrived at. It usually takes...
7 Pages(1750 words)Report

Sexual Harassment in the Workplace

... is any unwelcome sexual advance, request for sexual favor or other verbal, non-verbal or physical conduct of a sexual nature which unreasonably interferes with work, is made a condition of employment, or creates an intimidating, hostile or offensive environment.” (Joshi & Nachison, 1996, p.3). The “victim” may be a man or a woman. The “victim” does not have to be of the opposite sex, nor does the “victim” have to be the person harassed, but someone nearby who was negatively affected by the behavior/ situation. The “harasser” may be the employee’s supervisor, other member of management, a co-worker, an agent of the employer, a vendor, or any other non-employee. Sexual Harassment may occur even though there is no economic injury (impact...
8 Pages(2000 words)Report

A Hydrograph of River Cynon and Design of an Open Channel

... ,2005). 3.1.6. The open channel will be located at an elevation of 300 m. This elevation is the class mark (or mid-value) of the elevation range makes up 31% of the 160 km2 area, the largest percentage of the catchment area (CEH Wallingford, 2005). 3.1.7. A centrifugal pump will be used because is the most commonly used among the various types of pump and has many disadvantages over other types of pumps. Among the many desirable features of the centrifugal pump are: (a) simply designed which allows for a wide range of capacities and applications (2) easy to operate and maintain (3) and capability for longer operating life (Spellman and Drinan, 2001; Karassik, Messina, Cooper and Heald, 2001; Daugherty, 2007). 3.1.8. Slope used...
9 Pages(2250 words)Report

Organizational Consultant for We Make Widgets, Inc

... We have been asked, in our capa as organizational consultants, to help We Make Widgets, Inc solve some work-life balance problems prevalent among its top leadership. With this end in mind, we study some popular literature to understand the basics of work-life balance. It is followed by the summary of our suggestions to the company. Introduction Work-life balance is variously interpreted by different people. To some, work-life balance is doing a job, where work is a means to support life, while to others it means to be in an employment where stress is kept in manageable limits. Broadly, it means to arrive at a ‘fit’ or have the right combination of professional requirements and other aspects of life including parenting... We have been...
6 Pages(1500 words)Report

Critical Review of General Electric

... intense pressure from shareholders and stock analysts to produce the returns expected of it, a 4,000% increase in stock value over the 20-year reign of Jack Welch. General Electric today has clearly lost its footing, its firm grip on markets gradually eroded. It has ceased to be the financial juggernaut derived from its engineering expertise by venturing into so many un-related business areas that it has lost its core competencies in the process. Its much vaunted invincible market share has been torn to shreds by its lesser rivals. To better understand what is wrong with General Electric, it is best to re-examine its whole corporate strategy and structure in light of a changed economic environment. There is a debate going whether G.E...
12 Pages(3000 words)Report
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 Economics Report 3 for FREE!

Contact Us