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

Present a case study based on a current news story which illustrates the microeconomic concepts - Essay Example

Comments (0)
On November 28th 2012, the Financial Times ran a story reporting the British Petroleum’s ban from winning any business tenders with the government of the United States of America. According to the story written by Guy Chazzan, the Environmental Protection Authority of the…
Download full paper
Present a case study based on a current news story which illustrates the microeconomic concepts
Read TextPreview

Extract of sample
Present a case study based on a current news story which illustrates the microeconomic concepts

Download file to see previous pages... ment by the company in taking its responsibilities thereby recommending the cut of any business transaction between the company and all government agencies. However, the ban did not affect the existing contracts thereby applied only to any other new contract that the company would gain interest in. The company admitted knowledge of the ban and said that they were doing everything within their reach to redefine the relationship between them and the government thus lifts the ban.
The 2010 deep water disaster arose after an undersea oil pipe burst thereby killing more than eleven Americans and resulting in the worst environmental disasters in the world. The British Petroleum thereafter pleaded guilty of all the accusations leveled against it by the American government after which it embarked on a massive environmental cleaning process and the compensation of all the victims of the accident. Apart from the human loss, the oil spillage resulted in the death of millions of aquatic life and the destruction of business for thousands of America investors as several beaches within the gulf filled with the oil sediments.
On 15th November 2012, BP had reached a consensus with the justice department to pay four and a half billion dollars thereby ending all criminal charges leveled against it by the government. The company therefore reiterated their commitment to work closely with the American institutions to ensure that such an accident does not recur and that it settles all its obligation in relation to the accident. However, according to Charles Teifer, a government contracting specialist and a professor of law at Baltimore University, the ban served as a warning to the company and to other stakeholders in the oil drilling business.
Teifer explained that such a ban communicated American commitment to protecting its territories especially after suffering the greatest loss because of the carelessness on the part of the company. On the other hand, the environmental authority ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Analytical report on a current 'people issue' in the business news event as a 'case study you are required to undertake an
It analyzes the major HRM issues involved in organisations while drawing on the major theories and models associated with it. The project begins with a brief description about the news story. Then it applies the associated theories and models in real life.
8 Pages(2000 words)Essay
NEWS CORPORATION CASE STUDY News Corporation is one of the world’s largest media conglomerates in the world. The Journey began in 1923 with publishing of a local newspaper in Adelaide, Australia by Ruport Murdoch’s father. Currently News Corporation media conglomerate holds diversified media portfolio in many parts of world.
9 Pages(2250 words)Essay
Case Study Based Report
on stage 13 Growth stage 14 Maturity Stage 14 Decline Stage 14 Conclusion 15 References 16 Bibliography 16 Introduction In the world of consumer electronics, copy cat brands are in abundance. Consumer usually buy products belonging to such brands when they do not want have to pay higher prices required to buy products of reputed brands.
10 Pages(2500 words)Essay
Microeconomics of Labour Supply
This analysis allows us to see the incentives and choices of the labour force which ultimately affect the intensity of work and wage differentials.The supply and demand of labour will thus have a strong bearing upon the wage rate and the number of people employed.
8 Pages(2000 words)Essay
Management Concepts - Case Study
It then started investing in the Asian countries as well. However, the expansion has not been found to be successful in many countries. At the same time, many of the veterans have left the bank. This has resulted in huge financial losses
2 Pages(500 words)Essay
Management Concepts - Case Study - Motivation
st of the operators including Leo had been facing frustration on account of pressures from customers to increase the quality and their feeling of being powerless to change anything. The company had also been facing financial problems with its cash flow being negative for 3 years
2 Pages(500 words)Essay
News Story
The next story was about a wildfire that was allegedly started by two illegal immigrants that were in distress, so built a fire to attract attention. The story gave basic information about the fire – how many acres, etc. This segment was not very
3 Pages(750 words)Essay
Case Study based assessment
BA functioned as a public company for around 13 years and it was privatized in 1987 when the majority of the public companies were nationalized by the government of that time. From then
9 Pages(2250 words)Essay
Case Study 2: Nutrition in the News
The paper attempts to explore more on this important nutrient via an article that has been published by Harvard School of Public Health under the head “Omega-3 Fatty Acids: An Essential Contribution.” The article explains
3 Pages(750 words)Essay
News Story
Consumers’ ability and willingness to buy a good or a service at a given market is what is generally known as demand (Martha, 1989). Suppliers’ ability and willingness to sell or supply at a specific market on the other hand is known as supply. A favorable
4 Pages(1000 words)Essay
Let us find you another Essay on topic Present a case study based on a current news story which illustrates the microeconomic concepts for FREE!
Contact us:
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