Research QuestionOil is one of the mainstays of the Nigerian Economy as revenues from oil dominate the exports as well as the fiscal revenues of the country.(International Monetary Fund, 2017). The economic growth of Nigeria and the oil exports of the country are closely linked. Nigeria is one of the fastest growing economies in the African country and has showed tremendous growth performance in the last decade.(International Monetary Fund, 2...
Mission and Vision ReviewMission and vision MacVille is a successful import/export business organization located in Sydney. The organization was a new one and had a history of only two years. The mission of the company was to establish itself as a multinational brand in the upcoming five years. The company is also committed to provide reliability and sustainability to the clients. The vision of the company is to cultivate leadership among the...
Macroeconomic Variables and their Impact on Singapore's EconomyThe global economy is interconnected with one another and is highly sensitive to reactions of one or more macroeconomic variables. According to Frydman and Phelps (2013), macroeconomic variable are those factors that influences the changes in the socio-economic pattern of the economy as a whole. It usually includes components like Gross Domestic Product (GDP), Consumer Price Index (C...
Supply and Demand Analysisi) The concept of supply curve and demand curve of any product shows the equilibrium level of quantity and price of that product in a market economy. In an upward rising supply curve, the producer will produce more output if the price of that product will increase (Kimbrough and Murphy 2013). The reason behind this positive relationship between price and quantity supplied is that, producer can earn more revenue by pro...
DeterminantsMarket is defined as a place where goods are bought and sold. However, in Economics, the term Market is used in a wider perspective, here it means the entire area where the sellers and the buyers of the product are spread. Market Structure refers to the organizational as well as other characteristics of the market. It refers to the degree and nature of the competition that exists in the market, which are determined by the nature of...
Market Summary and Demand AnalysisThe New South Wales Parliament introduces the University of Western Sydney Act in 1988 and thus the Western Sydney University was established on 1 January 1989. A federated network university was created with the two existing colleges Nepean College of Advanced education and Hawkesbury Agricultural College. The Macarthur institute of Higher Education was incorporated in 1 November 1989. The university was re...
BackgroundWith increasing competitiveness, globalization, deregulation, technological revolution has created a need for human resource management. There is an ever increasing necessity to capitalize on the particular challenges in the changing business environment. It is important for a company to be able to fruitfully stay in front of the competition. Every company needs an effective human resource management structure to contribute as ...
Relationship marketingIntroduction This report shall describe the “Morrisons” business, its business environment and relationships with the market. A business that started from a “Stall” in Bradford Market has now become a family business. It’s been more than a century, 100 years ago, when Sir Ken Morrison at the age of 55-year started this tremendous business and he worked hard to make it successful until he ret...
The Key Flows in Supply ChainSupply chain management is one of the most important aspects of an organizational operation, which needs to be assisted with the most advanced technology and process. Supply chain management is the complete process that governs the manufacturing of raw materials and guides this for the market entry. Manufacturing is not just about preparing something; it rather includes many factors before the final production of t...
Relevant economic principles and dataCousin Edgar’s business idea is an inventive initiative given the profitability the venture promises to deliver, and considering the USA’s market. To make an informed decision on the venture, Edgar should carefully analyze the demand and supply conditions in the gasoline sector. He should also acquire important information on the convenience of setting up convenience stores alongside the gasolin...
Ansoff Market Development MatrixStarbucks Corporation is the successful retailer, and advertiser of privilege to fame coffee in the world. Starbucks additionally built up image for handling its workforces well. Their cafes are many a times meet point for the friends and office meetings. The Starbucks provide high quality product which attracts the customers the most. Moreover company also make customers special events special by organising parti...
PESTLE Analysis of Global Retail Supermarket IndustryThe aim of the study is to identify the principle managerial issues and policies that re necessary for the success in international marketing. The study evaluates the various factors that influence the business activities of an organization. In this report, a thorough analysis of the global market will be conducted where the organization Wm Morrison can expand in the coming years. For the same...
Incoterms Selection ConsiderationThe report talks about the needs of transportation in the company. This transportation helps the companies to carry goods and services from one place to another. Hence it becomes very effective equipment for the company. The appropriate strategies for transportation have been recommended in the report and other relevant information is been described. The goals and needs of the company through the availabi...
Background of this StudyBackground of this Study The report looks into the energy crisis which Australia faced due to their export of Liquefied Natural Gas to other countries, in large numbers. So, in one point of time the country was known to be an energy rich nation, gradually the scenario had started to change. They were left with insufficient energy to keep the citizens comfortable during heat wave, which had seen temperatures rising to 1...
Scope, importance and challenges of humanitarian logisticsHumanitarian logistics is process that ensures that good and material are able to move from the point of origin to the point of consumption in order to alleviate suffering of people who have been affected by a disaster through planning, implementation and controlling the whole process in a cost effective manner and proper storage of the goods and services (Robert E et al. 2013). The rol...
Thesis StatementThe following paper focuses on the issue of the various sociological theories and the special focus has to be on the topic of aging. Aging has become one of the major sociological issues these days as most people get older at a very young age. Many reasons have been found because of the aging process in the human beings. Aging and mortality is a very serious concern in the human beings because they are getting older at an age w...
Macro Analysis: PESTELGodiva is a chocolate brand that was founded in U.S.A in 1926. It is known as one of the best manufacturers of the luxury chocolates. These chocolates are purchased to gift on special occasions like Birthdays. The company produces seasonal chocolates with special packaging. The packaging in which the product is offered to the consumers is attractive and also the company gives emphasis on attracting customers towards the c...
Emerging TrendsThe export and import price index measures the rate of change a country experiences in the perspective imported and exported goods and services. These indices describe the change in economic welfare of the country depending on the changes experiences in the imported and exported goods and services (Pigou 2013). However, changes in the key prices have an impact on the dynamic consequences of the key macro variables such as invest...
The InterfaceThis business report is compiled to study the logistics department of Philips Electronics Singapore Pts. Ltd., how this department interfaces with various other core functions of the company. The report will cover the logistics management process of the company and further analysing them to identify improvement areas. Logistics management in a company is a process that involves planning, implementing, controlling the flow and sto...
The objective of this paper is to focus on supply chain and logistics management for Anchor Foods – New Zealand. Anchor is a brand of dairy products that was founded in New Zealand in 1886 and is one of the key brands owned by the New Zealand-based international exporter Fonterra Co−operative Group (Chidlow & Ghauri, 2015). The market and the nature of demand in this industry can be discussed as: The players in this dairy in...
Behavioral issues from oil and gas operations strategyThe Cairn Energy PLC is an independent company that is responsible for oil and gas exploration and development. It is Europe’s one of the most leading organization and is also listed on the London Stock Exchange. This organization is continuously working to discover and develop oil and gas reserves in several locations around the world. This company was established in the year of 1981 b...
Globalization and Technology in Supply Chain ManagementManaging the supply chain in the organizations is the most challenging task and these main activities involved in the transformation of the goods from the raw materials to the final products consumed by the customers. The process of the creation of the products and customer’s consumption of these products. Looking into the previous years and the last 3 years industry reports, it has ...
Introduction to Design Thinking ProcessThe week 1 learning highlighted the importance and needs of bringing the innovation by entrepreneur so that the sustainable position can be maintain in the competitive environment. The concept of designing process has been highlighted through the week learning. The key concepts, interrelationship and models have been discussed, which are required in case of bringing the innovation. By highlighting ...
Major areas of operationContainer ships are the cargo ships, which are used for the purposes of transporting goods as well as other cargo materials from one part to another via the sea route (Baughen 2012). The speciality of these ships is the fact that they carry loads from one place to another in the form of truck sized intermodal containers, in a technique commonly known by the name of containerization (Baughen 2012). These ships are the mo...
Factors affecting price elasticity of demand1. The demand is considered to be elastic when there is a change in the demand of the product when the price of that product undergoes a change. The products that have an elastic demand include the luxury goods, expensive and the big income groups, the products that are often pur...