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

Economics Discussion for online class - Essay Example

Comments (0) Cite this document
Summary
The number of years that Groupon has been operational shows that the company has realized tremendous growth and development in all aspects of its business. The company engages in deals that exhibit broad coverage in terms of customer base, an aspect that can be attributed to its…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Economics Discussion for online class
Read TextPreview

Extract of sample "Economics Discussion for online class"

Economics Discussion Affiliation: The number of years that Groupon has been operational shows that the company has realized tremendous growth and development in all aspects of its business. The company engages in deals that exhibit broad coverage in terms of customer base, an aspect that can be attributed to its fast growth, development, and expansion. Due to the fact that competition in the market is inevitable, Groupon has had to design operational strategies that outperform rival firms. The market environment in which Groupon operates is perfectly competitive, making the company’s business model consistent with normative economic principles. There are numerous players in the deals business line, and all players are required to engage in ethical, healthy, and fair competition.
When Groupon started its operations in the year 2008, many of its rival firms were already operational and had undertaken ad business for several years. Search engine ad companies like Google and Facebook were already running operational and successful business lines. Groupon has integrated creative and innovative business strategies to rise above many competitors in ad business. Its rapid growth can be seen to harm, fight, or gobble rivals in the industry, but its competition parameters are economically provided for. The company engages other firms in intense competition, an aspect that normative provides for. For this reason, the outstanding performance of Groupon is based on its operational strategies, as opposed to exploiting its rivals. Although business sustainability is a critical factor in Groupon’s business, copycats of its business model are readily present (Marin, 2011). Therefore, Groupon’s business model is consistent with normative principles of economics.
Reference
Marin, S. (2011). “Groupon mania ignites fight for ad dollars with deals”. USA Today. Retrieved from http://www.usatoday.com/money/industries/retail/2011-06-14-groupon-ipo- anticipation_n.htm Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economics Discussion for online class Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Economics Discussion for online class Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/management/1605936-economics-discussion-for-online-class
(Economics Discussion for Online Class Essay Example | Topics and Well Written Essays - 250 Words)
Economics Discussion for Online Class Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/management/1605936-economics-discussion-for-online-class.
“Economics Discussion for Online Class Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/management/1605936-economics-discussion-for-online-class.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economics Discussion for online class

Today's Youth

3 Pages(750 words)Essay

Persuasive Communication class - online discussion

...Persuasive Communication Persuasive Communication Discussion One One is of the belief that rap and hip hop music is an artistic form of expression which does not promote negative social behavior. These two genre of music has been widely misinterpreted and given a negative connotation by those who do not appreciate the culture that is embodied in the music. Rap and hip hop music are often associated with the Black people who are their major promoters and patronizers. Most of the people who abhor these types of music are those who are still engulfed by racial discrimination, yet refuse to accept it. They turn a blind ear when they hear these type of music which are attributed to the people of color. Instead of...
2 Pages(500 words)Personal Statement

Healthcare Law & Ethics class - online discussion

.... People are going to be less civically moved to donate organs, when there is a possibility of an economical motivation. Why donate when you can make a profit? Secondly, a strong issue is that once a high dollar value is placed on human parts, then it is no longer about who needs the organ the most, due to condition and severity, but to whom can pay the most to receive it. This is where the potential scenario becomes quite unethical. Money would be the indicator of what lives will be salvaged and those that will not be. Worse over, once there is a market it is only a matter of time before a “black” market evolves. If this were to happen it could lead to organ motivated crimes, along with the loss of safety and validity...
2 Pages(500 words)Personal Statement

Healthcare Law & Ethics class - online discussion

...Healthcare Law & Ethics Online Discussion By:_______________ ______________ __________________ Introduction In today’s world we are equipped with highly modified and technically advanced medical tools, instruments and medications. They have not only made the procedure of saving lives easier, but have also enabled us to improve the quality of health in majority patients and delay death in cases where it is imminent. In medical traditions, over past so many decades it has been a common practice for doctors to do everything possible under their capacity to keep the patients alive. But in the past few years, the choice of allowing or even in some cases helping patients to die has been become popular. The...
2 Pages(500 words)Personal Statement

Discussion for online Economics class

...The Deal Is Simple. Australia Gets Money, China Gets Australia Chinese investments in the Australian mining sector have grown rapidly in recent years, as China takes center a stage in global economy. Millions of tons of Australian metals and crude oil are moved to China as Australia receives millions of dollars in compensation. According to the article, mining is inelastic since it does not respond to the ideal factors of demand and supply. Mining is controlled forces that are beyond the economic realm, hence its inelastic nature. For instance, prices of crude oil have insignificant effect on demand due to China’s need for economic superiority. The current position of China in global economy has also...
1 Pages(250 words)Article

Discussion for online Economics class

...Discussion for online Economics Recently local public NPR stations have had fund drives to raise money to cover their expenses. NPR has been in the news regarding its funding and comments made by executives. Grover (2011) asserted that some media executives in Pasadena, CA, think they may be able to save public radio by making it less public. Based on the reactions by public NPR stations especially in an effort to make them less public, different economic concepts arise. According to Frank and Bernanke (2013), it is important to distinguish between needs and wants. Whereas human beings can do without wants, they cannot do without needs. Needs are the essentials and...
1 Pages(250 words)Essay

Discussion for online Economics class

...Discussion The consumer price index (CIP) is the most significant measure of inflation in a country. The ratio compares prices of basic goods across different periods. Different factors explain the sharp increase in prices of consumer’s goods in American markets. According to Rugaber (2011), Americans paid more for basic goods in May 2012 compared a similar period in the previous year. Inflation is the main factor that caused the sharp increase in consumer prices. Inflation is the decline in currency value that results from increase of currency in circulation. The proposed inflation might have occurred due to decline in GDP. In this case, the value of currency in circulation surpassed the market value of American...
1 Pages(250 words)Essay

Online Discussion for Accounting class

...A company that obtains 20% more net income than the previous year has improved its operating performance. Net income is a measure of the profitability of the company. The desired outcome for any corporation is to have the largest net income possible. A higher net income is a trend that the company should pursue every year. The net income of the company increased due to the fact that the sales of the company increased or the cost structure of the firm decreased. Three ways to reduce the cost structure of the company is by lowering labor expenses, materials costs, and the overhead of the firm. The financial performance of a company can be analyzed either using single date statements or by comparing the performance across time... company...
1 Pages(250 words)Essay

Equal-employment opportunity laws

2 Pages(500 words)Essay

Managerial Economics class discussion wk9

...The Importance of Knowledge Economy Affiliation The Importance of Knowledge Economy Knowledge workers and knowledge economy have been existent for years. Their role in organizations have remained similar but there has been changes at the level at which their roles are required. In the modern century, excess pressure has been put on knowledge workers to increase their output (Reinhardt et.al, 2011). The same could be said of knowledge economy as organizations have massively invested in the vice. The need to increase development of knowledge approaches to problems has been created by the changing world in regards to advancement and innovation. The rate of the change is too fast hence participation of knowledge workers... Importance of...
1 Pages(250 words)Essay
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 Discussion for online class for FREE!

Contact Us