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  • In Case Of High Demand Pvr
    371 words
    Various Strategies Used By PVR For Stretching Supply To Meet The Demand This Strategy involves altering and aligning the organization capacity to meet the demand i.e. when demand for services is at its peak, capacity is expanded and when the demand is low, capacity is reduced to conserve the organization resources. The primary services resources that can be expanded and contracted temporarily to meet the demand are discussed below: 1) Time 2) labor 3) Facilities 4) Equipments 1) Time: PVR brough...
  • Increase In Exports As Importers
    2,037 words
    Economics Assignment Section A Question 1 i) THE AUSTRALIAN DOLLAR - It is an economic indicator because the value of the Australian dollar determines how it is performing on a global basis. Most currencies around the world are floated; many financial organisations (e.g. RBA) have foreign exchange operations and trade (buy / sell ) currencies. These organisations trade currencies to make a profit. So generally a nations profile (how it is performing on an economic basis) is determined on foreign...
  • Demand And Supply Curves
    1,334 words
    Explain what is meant by the term "an economic model" and outline a model of price and output determination in a free market. Examine the effect of a change in real disposable income on equilibrium price and output. An economic model or theory is a simplified explanation and analysis of economic behaviour. It allows us to predict, and therefore intervene, if we do not like the outcome of a possible chain of events. Theories and models are mainly derived from past responses to similar stimuli or ...
  • Increase In Demand
    725 words
    Explaining a BOOM using the AD-AS model The Business Cycle or Trade Cycle is characterised by a regular cyclical pattern with four distinctive phases: the expansion, the peak, the contraction, and the trough. The peak, also known as the boom phase of the cycle is characterised by the following conditions: A reduction in the rate of investment spending, resulting from high business costs, falling business confidence and a lower expectation of profit. Relatively high levels of employment with shor...
  • Supply Through Investment Of Deficit Dollars
    1,109 words
    Beginning with the "New Deal" in the 1930's, the Federal Government came to play a much larger role in American life. President Franklin D. Roosevelt wanted to use the full powers of his office to put an end the Great Depression. He and Congress greatly expanded Federal programs. Federal spending, which totaled less than $4 billion in 1931, went up to almost $7 billion in 1934 and to over $8 billion in 1936. Then the U.S. entry into World War II sent annual Federal spending to over $91 billion b...
  • Increase In Investment Demand
    1,571 words
    a) Explain the operation of the Keynesian multiplier The easiest way to explain the way in which the multiplier works according to Keynes is to construct a simple model. This model will have two particular simplifying features, in that it will focus exclusively on the demand side of the economy, and it will not include either government activity or the foreign sector. In order to construct this model, we will assume that all prices and wages are fixed within the economy, and that there are unemp...
  • Explosion In Demand For Markham Products
    468 words
    Executive Summary! V Founded in 1917, Markham Instruments Company manufactured mechanical measurement instruments sold through mail order. During the first decade of its life, the company was organized around the production of these instruments. In response to increased competition and demand for its products, Markham expanded its sales organization in 1924. The market also shifted from mechanical to electrical and electronic measuring devices during this time period. This shift in product attri...

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