Principles of Microeconomics Essay Example | Topics and Well Written Essays - 1250 words - 1

Principles of Microeconomics - Essay Example The limitations need to be worked upon so that sanity could prevail within the related domains. The limits and constraints that make it so hard to achieve include the fact that man has at times over-utilized these resources which has made them scant. The limitations have come about with the passage of time and need to be analyzed and researched upon properly within the future. 2. A big debate in both politics and economics is the extent to which the government should be involved in stabilizing the economy through taxing and spending measures. Do you think that government is involved too much, too little, or just enough these days? The role of the government within the taxing and spending measures is a bit too much. It should work upon making sure that the goals and objectives of its very basis are being handled well more than anything else. This will resolve a number of disputes and long standing issues within the relevant scheme of things. The economic role should be allotted to the people who can do the best possible jobs. This could even include the relevant departments and units which are specialized to undertake such tasks and activities. This will make sure that the taxing and spending measures are being amicably taken care of within any nation of the world. 3. Over the past several years, prices for personal computers and related computer equipment have fallen dramatically, but suppliers have offered more and more of them for sale. Does this refute the law of supply? Explain how this situation may have occurred in the market for personal computers. The supply and demand philosophy banks on the more the customers buy over a period of time, the demand goes up and the supply becomes lesser. This is vice versa in the case of the supply being more and demand being less, and hence the price variations are very direct and have a long-lasting consequence. The law of supply has not been refuted under such a situation as there is an overall increase in the wake of understanding the supply and demand of personal computers and computer related equipment. The situation has come about in the wake of the personal computers because people have relied more on laptops and hence the price ranges of the personal computers have come down considerably. 4. Discuss this statement: "Health care is too expensive. The government should limit the prices doctors charge so that everyone can afford health care." It is a fact that the price of health care has crossed the limits. This is the reason why doctors have been able to make big bucks out of the related settings that the patients find themselves engulfed within. The role of the government under such situations is of immense significance. This is because the government has to wrest its initiatives more than anything else. It needs to make sure that the health care is reasonably priced and is not too costly for the poor and needy. In fact, the people should receive it free of cost as health is essential oneà ¢â‚¬â„¢s priority number one. The prices that these doctors charge is just too much and the affordability aspect is an important consideration that must be taken into proper perspectives before one can suggest that the health care is not expensive any more. 5. You hear a candidate for the United States Congress state that a tax on corporate stocks is an equitable way for the government to raise revenue, because it only affects the very wealthy. Evaluate this statement. The United States C

Business Strategies Assignment Example | Topics and Well Written Essays - 1500 words

Business Strategies - Assignment Example The target market of a company is women aged from 25 to 54 who have children and a sufficient income to spend on their products. The company strategic approach is built around the convenience and price suitable for its customers. Under this strategy, company has built its stores in a boxlike structure where shoppers can use carts to browse throughout the stores. Strategic management strategy of Kohl’s Corporation plays a vital role in maintaining the company’s profitability even in adverse situations. The customer’s taste and preferences are changing regularly, which can directly affect the business. To avoid certain situation, it is necessary to review the external trends of the market regularly in order to take strategic actions on time. For this purpose, the strategic manager needs to review the internal and external environment of the company. It involves the process of job scanning, addressing external environment and trends, and identification of opportunit ies and threats. External trends for Kohl’s Corporation The manager at Kohl’s Corporation has to face various external trends that mainly concern external business environment. The profitability of the company is based upon these internal and external factors existing in the business environment. ... Economic factors. In the past few years, there has been a decline in general economic condition of the country that leads to reduce the customer demand for merchandise. It also leads to reduce the sales and gross profit margins of the company. According to the case, the company’s present economic condition is quite well, and it is able to compete with its competitors, but for future prospective, company must keep track of functional and technological changes in the retail industry so that managers can take decisions on time (Jeffs, 44). Technological trends. At present, there are various technological trends entering the retail and departmental store industry that can affect the consumer taste and preferences such as shopping malls, where various brands can open their store under one roof. According to Kohl’s business strategy, they operate their stores in three settings: the stand alone buildings, the big box mall and the lifestyle center. These three kinds of stores a re able to create an environment that is convenient, friendly and exciting for their customers. It gives a unique feature to its business strategy. Governmental factors. What concerns the political situation, governmental policies and political system of the country are extremely uncontrollable, and it can adversely affect the consumer confidence. The outbreak or escalation of war, the occurrence of terrorist’s acts and the other hostilities of the political system can lead to a decrease in spending by consumers. Socio-cultural factors. Socio-cultural factors include the knowledge, art, beliefs, morals, laws and customs of the society. The choices and purchasing habits of the customers are largely influenced by the socio-cultural factors, and it changes over time. Kohl’s Corporation