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  • As The Price Of Goods And Services
    677 words
    Many people think that economics is about money. Well, to some extent this true. Economics has a lot to do with money: with how much money people are paid; how much they spend: what it costs to buy various items; how much money firms earn; how much money there is in total in the economy. But despite the large number of areas in which our lives are concerned with money, economics is more than just the study of money. It is concerned with: The production of goods and services: how much the economy...
  • Exchange Type Of 7 90 For Dollar
    757 words
    MONETARY DEVALUATION Like every other product the coin of a country has a price, which is the exchange type; this represents the quantity of Mexican pesos that are needed to buy an American dollar, and like every other price this one is determined because: a) Because of the offer and demand of dollars, or b) Because of the monetary authorities of the country. The origin of the exchange types comes from the necessity that residents of one country have to buy another country's money in order to co...
  • Our Service For A Higher Price
    618 words
    Prices are the key to income, which in turn are key to profits for an organization. To earn a profit, Triple Platinum must choose a price that is not too high or to low, a price that equals the perceived value to target consumers. In setting our price, we attempted to find a level high enough to produce a satisfactory profit. This is how we came up with the idea of selling different models, with different options, to suit all of our customers needs. For our primary model we are plan to charge a ...
  • Demand For Wireless Products And Services
    713 words
    Over the past decade the wireless telecommunications industry has undergone a multitude of changes and experienced rapid growth. Developments in technology and consumer demand have fueled this growth and research shows that this growth will continue in the years to come. This paper will analyze the basis for these trends in consumption patterns, to include the utility derived from the products, changes in demand, market prices and the elasticity of demand of wireless services. Utility is defined...
  • Ad For Markos Travel Service
    425 words
    For this newspaper report I have selected two ads for trips to Greece in the Greek newspaper, the Orthodox Observer. The travel agencies here are " MARKOS TRAVEL SERVICE' and 'PHAROS TRAVEL'. Both ads offer trips to Greece with really good deals from all over the United States. 'Markos Travel Service' offers non-stop flights on Jumbo 747 with Olympic Airways and says that it has unbelievable low rates from anywhere in the United States. The prices at 'Markos Travel Service start from $289.00 the...
  • Business Services For Fedex
    775 words
    FedEx Marketing Mix Federal Express is an express transportation company, founded in 1973 by Frederick W. Smith. During his college years, he recognized that the United States was becoming a service-oriented economy and needed a reliable, overnight delivery service company designed to solely transport packages and documents. He wrote a Yale term paper on this idea and received a C. His professor thought it would never work. Fortunately for Frederick Smith, he did not take it to heart and ended u...
  • Lowest Priced Internet Service Providers The Provider
    1,836 words
    I own a local business that provides Internet access to individuals and businesses, my business is one of four businesses in the local market that provide internet access to both individuals and businesses. Each of the four businesses charges the same price of twelve dollars a month for unlimited dial up services. My businesses breakeven price is seven dollars per customer, so no matter what I must charge it least seven dollars per package in order to cover all my costs. Recently my business and...
  • Services Trade Between Countries
    823 words
    Protectionism in the global economy The global economy has seen a dramatic increase in services trade between countries. The regulation and monitoring of service trade between countries has become much harder. As highlighted by Johnson, trading in services was the fastest growing constituent of global trade during the 80's and 90's. Cross border transactions include anything from banking to software. When services are offered to another country, the provider has to interact with the customer thr...
  • High Quality And Low Price
    638 words
    Marketing fundamentals are often taught in terms of the old "Four P's of Marketing" model Price, Product, Place, Promotion. This is a solid tool that explains how consistent, unified marketing messages are the key to business success. These concepts apply to businesses and organizations of all sizes and types. "The Four P's of Marketing": Price: Regular price, discount price, expected price. Price impacts first time purchases as well as customer perceptions of value and satisfaction. Product: Wh...
  • Price Elasticity Because Owners Of Businesses
    455 words
    Mission Statement We will connect our customers' business needs with the most effective and easy to use computer technology solutions. Pricing Strategy There will be three options to pick from: 1) An hourly rate - typically used during the beginning phase of an installation for gathering requirements and clearly defining deliverables for the complete implementation phase. We will do a preliminary review of general requirements and provide an estimate to the customer of how many hours it will tak...
  • Account The Effects Of Price Changes
    1,635 words
    The Effect of Price Changes Inflation has become an important fact of life in almost all countries of the world. As a result it is necessary to take into account the effects of price changes on financial reporting. We know that a change in price affects the purchasing power of a monetary unit. We have alternative methods of accounting for price changes. The main objective of purchasing-power accounting is to restate the unit of measure into a common denominator. The restatement means to a scale ...
  • Boot's Customers
    1,439 words
    Introduction: For my economics coursework I will investigate the reasons behind having large and small firms in a particular industry and how the small firm manages to survive in competition. I will find out how the firms maximize profits in comparison to each other and the number of customers loyal to their chosen firm. Small firms tend to survive by providing friendly staff with professional appearances, the ability to cater for specialized goods with a wide variety of goods and services etc. ...
  • Conventional Pricing Methods Of Reactive Power Support
    330 words
    In conventional vertically integrated power utilities, the cost of reactive power support is normally recovered by two means: one is to include the cost of reactive power support into active power price and the other is to use load power factor penalty. In a deregulation environment, the reactive power support, system reserve and operation control services are all regarded as system ancillary services, and the cost of each ancillary service should be considered separately. Because the convention...

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