Economics

AME U4DB Response 1 and 2 Name Institution AME U4DB Response 1 and 2 Response 1 I have learned that before a company starts, the management should understand what the SWOT means and what it does for the organization. One key factor that I considered it important is the strength. Strength allows organizations to easily adapt problems or challenges that a company might be facing (Ojala, 2017). Also, it is the company’s strength which can assist the management to research find and solution to problems which might be hindering the company to develop or expand. One question concerning strength is that I want to know more about the type of methods that a company should consider when solving...

AME U3DB Response 1 and 2Posting 1: Response I have learned about the five types of internal economies. These include financial, purchasing, risk-bearing, managerial, and technical. From the five, I was much interested in managerial economies since it is concerned of investing on managers who can be able to improve the production of a company. If a manager does not manage well, it can easily lead to company closure. My addition question is that, what about if managers do not perform even after training? Should the company fire them or what step should the owners take? From the posting, I would like to learn more about the crucial steps that a company should be taking when there is a decrease in...

Characteristics of Effective Customer Service Author Name Institutional Affiliation Characteristics of Effective Customer Service Customer service as a business component has been around for many years, and it influences how consumers respond to products or services that businesses offer. Unlike unsatisfied consumers, satisfied customers will always remain positive about products or services a business unless something undesirable gets on their way. Lately, many companies, such as Google, which offer products and services to wide range consumers have allowed other firms to run intrusive adverts on their platforms (Borges, 2009). These adverts not only turn clients off but also make develop...

Title Name Institution Due date The presentation by Kristy Qawiyy was informative. From the paper, it is evident that both supply and demand are influenced by changes in price. Also, changing the price in one region, the United States, may produce a different impact as that witnessed in South Korea. To bring the point home, the student used examples of products such as water, television, and internet to illustrate the effects. However, one is left wondering why the student used products such as water and TV to demonstrate the elasticity instead of using auto spare parts such as the bonnet, bearings, tires, and car seats. It would be eminent for the student to clarify the economic reasons...

Name Instructor’s name Course Date Poverty in the United StatesIt so sarcastic that we can say a rich country like the USA which is rich but statistics from census bureau of statistics is a hot topic that is revealing in the United States of America. Based on the socio-economic survey a population of 43.1 million is said to be living in poverty. In addition to this report, it's more shocking that poverty level among the youth is increasing. From US census bureau, there is a drastic increase in the teenager living in poverty this is 14% in 2000 to 17% in 2009 (Proctor 2016,pp.128).Where poverty in layman is lack of necessary goods and services for sustainability, for example, food, shelter,...

Name Instructor Course Date Comparing Mexico and the Dominican Republic The United Nations Human Development Index utilizes the statistics on the general health of the people, education levels and standards of living in approximating the overall social and economic development of a country. The information from these statistics gives an investor, or anyone planning to travel to a given country, an idea of essential factors like health care and economic stability of the country. Mexico is ranked 77th with a value of 0.762 in the current rankings while the Dominican Republic, which is positioned twenty-two spots lower, has a value of 0.722 (United Nations Development Programme 1). Dominican...