Economics Essays

In five years’ time, Innovative Widgets will be the leader in customer service satisfaction, providing timely, responsive service with integrity, simplicity and a passion for excellence, while meeting or exceeding the customer’s expectations. Mission statement The mission of Innovative Widgets is to always convey a passion for the customer and …

Downsizing refers to the process of reducing the number of employees on the operating payroll by way of terminations, retirements, or spin-offs. It is seen from a management point of view as a cost reduction strategy. Some major techniques and strategies of downsizing include attrition, voluntary retirement, involuntary separation, and …

The unaudited financial statement current ratio shows that the hospital is able at 24 to 1 ratio to pay their obligations. Since the ratio is higher than one, it tells us that the company is in good financial health. If we compare this unaudited ratio to the audited ratio we …

Lou Mc Gowen was worried as she approached the training director’s office. She is the supervisor of six punch press operators at Keller-Globe, a maker of sheet metal parts for the industrial refrigeration industry. She had just learned that her punch presses would soon be replaced with a continuous-feed system …

In this essay I am going to explore the advantages and disadvantages of the public sector, define what merit and public goods are and explain how the government combines the advantages of the public sector and private sector in the provision of public goods and merit goods. The public sector …

This case study talks about the Bandag`s Automotive which is based in Illinois and employs 300 people and distributes auto supplies ( replacement, mufflers, bulbs, engine parts etc.) through two divisions, one that supplies service stations and repair shops and the second that sells retail auto supplies through 5 Bandag’s …

1. Why is GM worried about the yen? GM’s concern about fluctuations in the Yen is due not only to the impact on GM’s costs, but the fact that Japanese competitors face reduced costs when the Yen is depreciating. Also, with increasing profit margins, end-price to consumer can be lowered …

Money is the key to happiness. Without money we are nothing. Do you agree with this statement? Thousand of years ago, the barter trade used to be a way of exchanging goods but came to an end afterwards due to the introduction of money. Since then, human society has changed …

The machine metaphor points out the ways that organizations are specialized, standardized, and predictable. When I try to apply this metaphor to real life, the first thing that comes to mind is the assembly line inside a factory. To create a product each member has their role on the assembly …

Job performance is one of the most important factor in both organizational psychology and human resource management, for the last decade there have been growing interest in the development of knowledge about performance measurements in organizations, researchers have covered a wide range of areas surrounding the subject, like identification of …