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Econ 1 - Essay Example

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Information may flow from the top to bottom, bottom to top and through the middle. Dissemination of ideas majorly depends on how the firm is…
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Econ 1
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Econ 1

Download file to see previous pages... Managers also ensure implementation of the decisions and provide feedback to the management.
Apple has the second largest market share of Smartphone’s in the world after Samsung and the biggest market share in United States. This exposes them to a wider market both locally and internationally as compared to competitors say, Nokia. Hence, the firm can sale more products that increase their revenues than the rivals( Gitman, Lawrence and Carl,2009). Excess capital generated is used in research and development so that they can produce quality goods in the market at relatively cheaper prices. This makes apple to improve its performance over the competitors. The firm can also influence market demand and prices due to its share market locking out ...Download file to see next pagesRead More
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