A perfect example of an industry that fits the characteristic of an oligopoly is the UK
supermarket industry with its leading supermarkets commonly known as the big 4 (i.e.,
Tesco, Sainsbury, Asda and Morrisons).
According to Investopedia oligopoly is a m
When a higher minimum wage is enacted, workers already employed will automatically see
increasing or decreasing their monthly salary payments. Furthermore, many other people will see vanishing
the opportunity to get a job in their field. All depends on th
The government and policy makers have the task in providing an
environment that will induce growth in the economy. Their active role
extends far beyond its activities as a regulator of specific industries.
The government also manages the ove
A stock market, or (equity market), is a private or public market for the
trading of company stock and derivatives of company stock at an agreed price;
these are securities listed on a stock exchange as well as those only traded
A sum of money or other valuables or consideration which an individual, group or
other legal entity borrows from another individual, group or legal entity (the latter
often being a financial institution) with the condition that it be returned or repa
- is the money considered gained or lost on an investment relative
to the amount of money invested. The amount of money gained or lost may be
referred to as interest, profit/loss, gain/loss, or net income/loss.
cash flow from an investmen
What about Monetary policy?
It is the behavior of the Federal Reserve in managing the money
supply. (Case and Fair)
The purpose of this policy is to influence aggregate spending
over a given period of time to promote certain desired goals.
PRINCIPLES OF LABOR
Division of work. This principle is the same as Adam Smith's 'division of labour'.
Authority. Managers must be able to give orders. Authority gives them this right.
PLANNING IN SHELL
What is the best planning approach for the Royal Dutch/Shell Group of
To understand the structure of Shell Company as a whole organization
To determine its planning activities and review their cycle
Payment or compensation received for services or employment. This includes the
base salary and any bonuses or other economic benefits that an employee or
executive receives during employment.
Remuneration can include:
Labor Union is an association of workers that seeks to improve the economic and
social well-being of its members through group action.
A labor union represents its members in negotiations with an employer over all
I. WHAT IS HUMAN RESOURCE?
Human Resource refers to all the people in the organization. It is considered to
be the most important resource of any organization. It is the least constrained
among the various resources to which a company or
What is Recession?
- Is roughly a period in which real GDP declines for at least two
consecutive quarters. When less output is produced, employment
declines, the unemployment rate rises, and a smaller percentage of
the capital stock is used. Ma
1) Why do businesses strategize?
-Strategizing is a key for a profitable business
-Prepare way to success
-Increase bottomline ultimately
-Strategy is also about making choices that provide an organization with
some measure of competitive a
Fluctuations in business activities are natural phenomena. There
are times where workers can find jobs easily and money is plentiful.
But this period does not last forever, and it is followed by a downturn in
Explain the need for business or industry analysis before formulating a strategy.
Part of the situational analysis o environment is examining the industry in
which the business is operating.
Doing Industry analysis is
ECONOMICS is a study of proper allocation and efficient use of
scarce resources to produce commodities for the satisfaction of unlimited
needs and wants of man. And from this definition it will give us an idea on
ECONOMIZE as cons
Dividends are payments made by a corporation to its shareholder members.
When a corporation earns a profit or surplus, that money can be put to two uses:
it can either be re-invested in the business (called retained earnings), or it can be
Common Types of Interest rates
Fixed Rate- remains the same during the entire fixed rate term, even if
variable market rates change.
Advantage: With fixed rate loans you are not impacted if variable rates increase,
because your fixed rate will no
In business and economics, capital is either an income-producing fund or the
concrete instruments of production, such as buildings and machinery. To specify
the first sense, the term money capital is sometimes used, whereas the
instruments of pr
CONTROLLABLE and NONCONTROLLABLE COSTS
Some of the costs of running a department are in no way controllable by its
supervisor. A foremans controllable costs are those over which he can exercise
some control. They include direct and indirect labor
Employee benefits and (especially in British English) benefits in kind
(also called fringe benefits, perquisites, perqs or perks) are various non-wage
compensations provided to employees in addition to their normal wages or
salaries. Where an emp
Principles of Economics
N. Gregory Mankiw
Ten Principles of Economics
The word ECONOMY comes from a Greek word for one
who manages a household.
A household and an economy face many decisions:
1. Who will work?
2. What goods and