Eco 365 Supply and Demand Essay Example for Free

Eco 365 Supply and Demand Essay The supply and demand simulation shows different aspects of economic structures. Although mostly focused on microeconomics, the simulation does show a small role of macroeconomics. The principles of microeconomics would apply to drop in rent prices to increase the supply being demanded. Another microeconomic principle shown in the simulation is the rise in demand when the cost of rent is lowered. Macroeconomics principles came into play when the rise in demand for apartment was a direct product of the establishment of a new company in town. Same principles of microeconomics apply to an excess supply created by a price ceiling enforced by the government. Supply and Demand Shifts A shift in the demand curve was created when the new company brought an increase in population to Atlantis. A greater amount of people created a greater demand for the apartments. Equilibrium is reached in the demand shift by raising the price of rent to decrease demand. A supply shift was created when 400 apartments were converted into condominiums, which in turn caused a drop in supply. The equilibrium would be fixed by raising the cost to lower the demand because of a decrease in supply. Real World Application With the nutritional corporations expanding and health awareness on the rise prices of nutritional supplements are rising to meet the demand. Especially in local areas, there aren’t too many health and wellness shops that offer the best available supplements or expert advice, therefore the few local shops in town can raise the prices of their products because of high demand and low supply. Microeconomics: Supply/Demand Shifts A sudden increase in population can cause a demand shift which would either cause you to increase or decrease price reach equilibrium and maximize revenue. Supply shifts are caused by eliminating or adding supply to an economy to meet the choices of the population. Macroeconomics: Supply/Demand Shifts An increase in wages from neighboring business may cause a demand shift. This would cause a company to make changes to their prices to try to reach another target or meet the needs of the current target. A shift in supply because of macroeconomics can be caused by price ceilings or floors that would lead to a surplus or shortage of supply. Pricing Strategy Price elasticity of demand will always change the pricing strategy of a company so that they can maximize revenue, not demand. If a company figures they have low demand for their products they may lower the price so that more people become interested and vise-versa. The price elasticity is the equal to the percent change of quantity demand times the percent change in price. Price elasticity is used to figure the change in demand after a change in price (Colander, 2010). PEoD = (% Change in Quantity Demanded)/(% Change in Price) When the price of causes a change in the demand the formula will recognize that change and give you an indication of delicate that products demand is to a change in price. The higher the result equals higher sensitivity to price change (Moffatt, 2013). References Colander, D. C. (2010). Economics (8th ed.). New York, NY: McGraw-Hill. Moffatt, M. (2013). Price Elasticity of Demand. Retrieved from http://economics.about.com/cs/micfrohelp/a/priceelasticity.htm

Old Time Television :: essays research papers

Old Time Television I love Lucy Leave It to Beaver Honeymooners Superman Quiz shows!!!! Leave it to Beaver contributed to the notion of the perfect Fifties family. Parents never raised their voices or were too busy for the kids. Dad didn't work late. Mom, well, poor Mom seemed obliged to remain perfectly coifed and dressed regardless of task. Dusting, vacuuming, cooking. No matter. She always had a dress and her heels on. What they never showed was Mom ironing which must have been a daily ordeal to keep all those nice outfits pressed. A life crisis consisted of a lost report card or failure to eat your vegetables. Still, we watched. Amused by the comings and goings of the Cleaver family and I suspect, wishing our own families could be as perfect as the Cleavers. The Honeymooners was really television's first spin-off. I Love Lucy Lucille Ball was a pathfinder who paved the way for all the women in TV to follow. Without Lucy, arguably, there might not have been a Carol Burnett or Mary Tyler Moore. She proved women could be the leads and carry a show. Not one show, but several. None of which takes away from Desi Arnaz's estimable talents as a producer. His "can do" attitude made the "I Love Lucy Show" work. He innovated the three camera filming format still in use today. Previously, shows like this were performed before a live audience and preserved on kinescope which makes poor copies. Desi's filiming of Lucy is the reason there are great copies today. The show ran in a period of TV history when married people slept in separate beds which would explain why on TV, women didn't get "pregnant.

An Employee Perspective Essay

This error communication situation confuses employees’ performance and motivation. Moreover, let the job feedback become useless and destroy the employee relationship. Therefore, this assignment is to find out the problem of H&M’s Job Feedback by using employee perspective. Moreover, enables employees to become more loyal to the company while they also work toward achieving their long-term career goals. Keywords: Performance & motivation, Brainstorm, Job Feedback, EPAC Introduction & Background Feedback is an anomaly. People have a general sense that feedback is good to give and receive. Therefore, Immediate feedback is critical when we are learning, especially when we do not know what we do not know. Equally important are the attitude of the sender and recipient and the individual providing the critique (London, 2003). A good feedback will provide positive encouragement because they want to convey their genuine interest. When employees feel leadership has their best interest at heart, they are inclined to make corrections and more likely to modify their behavior. Most people want to perform well and they want to know when they are doing something incorrectly. They want constructive a positive feedback by the leader, and they appreciate criticism when it is present in a positive manner. Therefore, feedback is an essential ingredient of an employee development program because people use information about themselves to formulate their career goals, get better performance and motivation. H&M believe in being straightforward and apply the open door principle, which gives employee the right and opportunity to discuss work-related issues directly with management. However, in H&M Hong Kong, employee cannot search any good feedback to provide positive encouragement for their job, this situation shows very critical in the area of Part-time sales Advisor in Hong Kong. Managers are using less time to being seriously to the employee of Part-time sales Advisor. It is because the manager thinks they will not work as a long-term staff (less loyalty) and the role of Part-time staff is less important than the full-time staff. Manager tends to give less time to encourage them by using constructive feedback but Destructive feedback. Destructive feedback is abusive. Although the word â€Å"abusive† may seem extreme as a description of workplace behavior, it occurs, and can be destructive to employees’ performance, careers and self-esteem (Bassman 1992). Therefore, H&M Part-time employees are less receive any comment by their managers. Nonsensically, according to the HR Data of H&M at 2009, there are over a half (55%) of employees are Part-time in H&M around the world. mainly work as Part-time Sales- Advisor. Therefore, if the managers in Hong Kong keep ignore and use less time to encourage them by using constructive feedback.

Disney s Strategic Process Of Success Essay - 1636 Words

Walt Disney transformed a small private company into a blooming public company surrounded by success. The case study presents his strategic process of success starting from the ground-potential he encompassed as a young boy. Today, Disney is still a famous company seen throughout everyday life in a wide variety of presentations. Disney is represented through movies, short films, cartoons, television networks, theme parks, hotels, and characters. In accordance to the case study, the most important quote obtained from Disney is â€Å"you’re dead if you aim only for kids. Adults are only kids grown up, anyway† (3). Through this quote, Walt set the success for Disney as aimed towards families, creating a fun environment and opportunity for pre-teens and adults to forever enjoy. Under the leadership of Walt Disney, the company endured financial uprisings continuously for 43 years up until his death in 1966. Walt had a niche for being able to maintain a creative mindset whil e also running a tight-knit community of employees who cooperated around his plan to expand the company. His style of managing the company included communication between his workers because he did not want them to feel inferior to other workers. By following the three rules of management, â€Å"teamwork, communication, and cooperation,† Walt and the rest of the company succeeded in becoming licensed the best company. He lead the company through a series of firsts following what he thought were the right opportunitiesShow MoreRelatedDisney Strategic Initiative Paper1214 Words   |  5 PagesDisney Strategic Initiative Paper Tammy Adams, Kecia Darnell, Chelsea Hensley, Elizabeth Munns, and Zameika Williams University of Phoenix FIN 370 Professor Stephen Beadnell October 18, 2010 Strategic Initiative Paper Introduction This paper will address the strategic and financial planning associated with the operations of Disney. 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