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ECO 365 Entire Course

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ECO 365 Week 1 Discussion Question 1

ECO 365 Week 1 Discussion Question 2

ECO 365 Week 1 Individual Assignment Economic Definitions Worksheet

ECO 365 Week 1 Individual Assignment Economic Analysis

ECO 365 Week 1 Individual Assignment Supply and Demand Curve Worksheet (2 Sets)

ECO 365 Week 2 Discussion Question 1

ECO 365 Week 2 Discussion Question 2

ECO 365 week 2 Individual Assignment Supply and Demand Simulation (Microeconomics and the Laws of Supply and Demand

) (3 Papers)

ECO 365 week 2 Learning Team Reflection Production and Cost Analysis

ECO 365 Week 2 Team Assignment Elasticity Paper (Substitute or Compliment)

ECO 365 Week 2 Team Assignment Product Substitution Versus Product Compliment

ECO 365 Week 3 Discussion Question 1

ECO 365 Week 3 Discussion Question 2

ECO 365 week 3 Team Assignment Current Market Conditions Competitive Analysis (3 Papers)

ECO 365 week 3 Learning Team Reflection Summary Market Structure

ECO 365 Week 4 Discussion Question 1

ECO 365 Week 4 Discussion Question 2

ECO 365 week 4 Individual Assignment Project Kudler Foods and Differentiating Between Market Structures Table (2 Sets)

ECO 365 week 4 Learning Team Reflection Public Policy in Economics

ECO 365 Week 4 Team Assignment Mergers and Joint Ventures (2 Papers)

ECO 365 Week 4 Differentiating Between Market Structures Presentation (New), Apple Company

ECO 365 Week 4 Differentiating Between Market Structures Presentation (New Syllabus),Starbucks

ECO 365 Week 4 Differentiating Between Market Structures Paper (New Syllabus),Starbucks

ECO 365 Week 5 Discussion Question 1

ECO 365 Week 5 Discussion Question 2

ECO 365 week 5 Team Assignment Competitive Strategies and Government Policies (3 Papers)

ECO 365 week 5 Team Assignment Competitive Strategies and Government Policies (PPT)

ECO 365 week 5 Learning Team Reflection Global Competition

ECO 365 Final Exam Guide

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ECO 365 Final Exam Guide (New, Dec 2015)

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1). The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will:

• Exceed the marginal cost of diamonds but equal to the average total cost of diamonds.

• Exceed both the marginal cost and the average total cost of diamonds.

• Be equal to the marginal cost of diamonds.

• Be equal to the average total cost of diamonds.

2). Using 100 workers and 10 machines, a firm can produce 10,000 units of output; using 250 workers and 25 machines, the firm produces 21,000 units of output. These facts are best explained by:

• Economies of scope

• Diseconomies of scale

• Diminishing marginal productivity

• Economies of scale

3). Suppose that college tuition is higher this year than last and that more students are enrolled in college this year than last year. Based on this information, we can best conclude that:

• despite the increase in price, quantity demanded rose due to some other factors changing.

• the demand for a college education is positively sloped.

• the law of demand is invalid.

• this situation has nothing to do with the law of demand.

4). A monopoly firm is different from a perfectly competitive firm in that:

• A monopolist’s demand curve is perfectly inelastic whereas a perfectly competitive firm’s demand curve is perfectly elastic.

• A competitive firm has a u-shaped average cost curve whereas a monopolist does not.

• A monopolist can influence market price whereas a perfectly competitive firm cannot.

• There are many substitutes for a monopolist’s product whereas there are no substitutes for a competitive firm’s product.

5). The best example of positive externality is:

• Alcoholic beverages

• Pollution

• Education

• Roller coaster rides

6). The theory that quantity supplied and price are positively related, other things constant, is referred to as the law of:

• supply

• profit maximization

• opportunity cost

• demand

7). A reduction in the supply of labor will cause wages to:

• Decrease and employment to decrease.

• Increase and employment to increase.

• Decrease and employment to increase.

• Increase and employment to decrease.

8). Other things held constant in a competitive labor market, if workers negotiate a contract in which the employer agrees to pay an hourly of $17.85 while the market equilibrium hour rate is $16.50, the:

• Quantity of workers demanded will exceed the quantity of workers supplied.

• Quantity of workers supplied will exceed the quantity of workers demanded.

• Supply of labor will decrease until the equilibrium wage rate is $17.85.

• Demand for labor will increase until the equilibrium wage rate is $17.85.

9). Alex is playing his music at full volume in his dorm room. The other people living on his floor found this to be a nuisance, but Alex doesn’t care. Alex’s music playing is an example of:

• Pareto externality

• Positive externality

• Negative externality

• Normative externality

10). Oligopoly is probably the best market for technological change because:

• The typical oligopoly has the funds to carry out research and development and believe that its competitors are innovating, which motivates it to conduct research and development.

• The typical oligopoly lacks the funds to carry out research and development and therefore will use basic research from universities.

• Research and development occurs only if government subsidizes such activity, and government tends to subsidize oligopolies.

• The typical oligopoly keeps price very close to average total cost because it fears the entry of new rivals if its profits are excessively high.

11). A perfectly competitive firm facing a price of $50 decides to produce 500 widgets. Its marginal cost of producing the last widget is $50. If the firm’s goal is to maximize profit, it should:

• Produce more widgets

• Produce fewer widgets

• Continue producing 500 widgets

• Shut down

12). Graphically, a change in price causes:

• the demand curve to shift.

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ECO 365 Final Exam Guide 1

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1Because you can only obtain more of one good by giving up some of another good, the shape of a production possibility curve is _______________.

2. Refer to the table shown. The average product when eight workers are employed is _____6____

3. A resource is said to have a comparative advantage if

4 Refer to the graph shown. Initially, the market is in equilibrium with price equal to $3 and quantity equal to 100. Government imposes a tax on suppliers of $1 per unit. The effect of the tax is to

5Refer to the table shown. Diminishing marginal productivity begins when the

6 Refer to the graph shown. If this monopolistically competitive firm maximizes profit, it will

7 The price of a ticket to a rock concert is set at $35. All the tickets for the concert sell out 1 hour after they go on sale and there are still 1,000 fans who want to buy tickets. It follows that

8 Which of the following statements is true?

9 State what type of business combination is occurring in the following scenario: Samsung and Sony become partners in a flat screen manufacturing company.

10 Suppose a firm finds that an additional dollar spent on labor increases output more than does an additional dollar spent on machines. Under these conditions, the firm

11 Economists and laypeople see the pros and cons of international trade in different ways. Which of the following is one of those ways?

12 The morel is a prized mushroom that is often abundant in the Western United States in years after forest fires. Suppose two companies are buying morels from workers willing to find them. One company offers to pay workers $5.00 per pound, and the other company will pay workers only $4.00 per pound. Economists would say that

13 Which of the following is the best example of a macroeconomic externality?

14 If MR < MC, a monopolist should:

15 Opponents of government intervention in the economy a

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ECO 365 Week 1 Discussion Question 1

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What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making.

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ECO 365 Week 1 Discussion Question 2

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Identify a recent purchase in which the price of the product was an important consideration in the decision-making process related to purchasing the product. What other factors affected your decision? How important was your income as a factor? How important was the price of other goods as a factor?

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ECO 365 Week 1 Individual Assignment Article Analysis

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ECO 365 Week 1 Individual Assignment Article Analysis

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ECO 365 Week 1 Individual Assignment Economic Analysis

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Prepare a 1,000–1,500 word paper in which you explain what the difference is between a movement along and shift of the demand curve. Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply and demand in decision making. Post in assignments link.

Format your paper consistent with APA guidelines.

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ECO 365 Week 1 Individual Assignment Economic Definitions Worksheet

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Write the definition for each of the following:

1. Law of Demand

2. Law of Supply

3. Price Elasticity of Demand

4. Macroeconomics

5. Microeconomics

Identify 2 products whose demand is price inelastic.

Which of the following graphs best demonstrates the law of demand?

Which of the following graphs best demonstrates the law of supply?

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ECO 365 Week 1 Individual Assignment Supply and Demand Curve Worksheet (2 Sets)

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This Tutorial contains 2 sets of Worksheet

Complete the Supply and Demand Curve worksheet.
 Submit through the Assignment tab.

Answer the following questions

Write the definition for each of the following:

1. Law of Demand

2. Law of Supply

Which of the following graphs best demonstrates the law of demand?

a) I

b) II

c) III

d) IV

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ECO 365 Week 2 Discussion Question 1

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What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity affect the cost of productions? Provide an example from your workplace.

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ECO 365 Week 2 Discussion Question 2

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Why is the demand of labor a derived demand? What is the relationship between productivity and the wages earned by employees where you work or at an organization with which you are familiar? What are some factors that determine the level of your income? Explain your answer.Related Tutorials

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ECO 365 week 2 Individual Assignment Supply and Demand Simulation (Microeconomics and the Laws of Supply and Demand ) (3 Papers)

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This Tutorial contains 3 different Papers

Complete the Supply and Demand Simulation located on the student website.

Write 700–1,050-word paper of no more than summarizing the content. Address the following:

· Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic.

· Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts?

· For each shift, analyze how it would affect the equilibrium price, quantity, and decision making.

· How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar?

· How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?

· How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?

· Relating to the simulation, explain how the price elasticity of demand affects a consumer’spurchasing and the firm’s pricing strategy.

Format your paper consistent with APA guidelines.

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ECO 365 Week 2 Learning Team Reflection Production and Cost Analysis

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Discuss this week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field.

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

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ECO 365 Week 2 Team Assignment Elasticity Paper (Substitute or Compliment)

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Reflect on why some products become substitutes and why some are compliments (e.g. hot dogs and hot dog buns).

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

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ECO 365 Week 2 Team Assignment Product Substitution Versus Product Compliment

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ECO 365 Week 2 Team Assignment Substitute vs Compliment

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ECO 365 Week 3 Discussion Question 1

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What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits? What are economic profit-maximizing strategies that may be made by a perfectly competitive firm, a monopolist firm, and a monopolistic competitive firm? Provide examples and explain the strategies’ effectiveness in their respective market structures.

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ECO 365 Week 3 Discussion Question 2

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What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets? How do market prices differ between perfectly and imperfectly competitive markets? Will a monopoly always produce at a profit-maximizing output level? Explain your answer.

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ECO 365 Week 3 Learning Team Reflection Summary Market Structure

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Discuss this week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field.

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

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ECO 365 week 3 Team Assignment Current Market Conditions Competitive Analysis (3 Papers)

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This tutorial contains 3 sets of paper

Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. The marketing director has asked your team to do a competitive market analysis to determine the product’s potential success. The analysis will focus on your primary competitor in the product’s market.

Select a potential competitive organization and a product in that organization.

Write a 1,400–1,750-word paper of no more than analyzing the current market conditions. Address the following topics:

· A short history of the organization and a description of their product

· Factors that affect demand, supply, and equilibrium prices in the market in which the competitor organization operates: Define the market for your chosen product, including an analysis of its competitors, potential customers, or potential buyers.

· Any issues or opportunities your organization or industry faces that affect its competitiveness and long-term profitability with regards to your product: This may include, but is not limited, to the following elements.

o Price elasticity of demand

o Technological innovation

o The relationship between the amount of labor & capital employed and the law of diminishing marginal productivity

o Cost structure

· Factors affecting variable costs, including productivity and

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ECO 365 Week 4 Differentiating Between Market Structures Paper (New Syllabus),Starbucks

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You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure’s competitive strategies.

Select an industry. Identify an organization in that industry. You may use the company you used for the Week 3 Learning Team assignment or you may select a new organization. Your selected organization must be submitted for instructor approval.

Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the other alternatives.

  • How might the company you selected find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or monopolistic market structure. Examine the different sectors with an industry and how market structure may vary within those sector

Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the efficacy of these strategies in the market structure you identified.

Make recommendations related to the strategies the organization might consider to maximize its profits.

Select one of the following assignment options:

Paper

Write a 1,400- to 1,750- word paper.

Format consistent with APA guidelines.

PowerPoint® Presentation:

Create a 12–15 slide Microsoft® PowerPoint® presentation including detailed speaker notes.

Video

Create a 3–5 minute video

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ECO 365 Week 4 Differentiating Between Market Structures Presentation (Mayo Clinic)

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You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure’s competitive strategies.

Select an industry. Identify an organization in that industry. You may use the company you used for the Week 3 Learning Team assignment or you may select a new organization. Your selected organization must be submitted for instructor approval.

Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the other alternatives.

  • How might the company you selected find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or monopolistic market structure. Examine the different sectors with an industry and how market structure may vary within those sectors.

Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the efficacy of these strategies in the market structure you identified.

Make recommendations related to the strategies the organization might consider to maximize its profits.

Select one of the following assignment options:

Paper

Write a 1,400- to 1,750- word paper.

Format consistent with APA guidelines.

PowerPoint® Presentation:

Create a 12–15 slide Microsoft® PowerPoint® presentation including detailed speaker notes.

Video

Create a 3–5 minute video

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ECO 365 Week 4 Differentiating Between Market Structures Presentation (New Syllabus),Starbucks

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You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure’s competitive strategies.

Select an industry. Identify an organization in that industry. You may use the company you used for the Week 3 Learning Team assignment or you may select a new organization. Your selected organization must be submitted for instructor approval.

Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the other alternatives.

  • How might the company you selected find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or monopolistic market structure. Examine the different sectors with an industry and how market structure may vary within those sectors.

Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the efficacy of these strategies in the market structure you identified.

Make recommendations related to the strategies the organization might consider to maximize its profits.

Select one of the following assignment options:

Paper

Write a 1,400- to 1,750- word paper.

Format consistent with APA guidelines.

PowerPoint® Presentation:

Create a 12–15 slide Microsoft® PowerPoint® presentation including detailed speaker notes.

Video

Create a 3–5 minute video

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ECO 365 Week 4 Differentiating Between Market Structures Presentation (New), Apple

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You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure’s competitive strategies.

Select an industry. Identify an organization in that industry. You may use the company you used for the Week 3 Learning Team assignment or you may select a new organization. Your selected organization must be submitted for instructor approval.

Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the other alternatives.

  • How might the company you selected find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or monopolistic market structure. Examine the different sectors with an industry and how market structure may vary within those sectors.

Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the efficacy of these strategies in the market structure you identified.

Make recommendations related to the strategies the organization might consider to maximize its profits.

Select one of the following assignment options:

Paper

Write a 1,400- to 1,750- word paper.

Format consistent with APA guidelines.

PowerPoint® Presentation:

Create a 12–15 slide Microsoft® PowerPoint® presentation including detailed speaker notes.

Video

Create a 3–5 minute video

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ECO 365 Week 4 Discussion Question 1

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What is an externality? Provide at least three examples. How does one of the examples you provided affect the market outcome? What is the role of government in addressing the implications of an externality you provided as an example? Is it possible that a government’s solution to a market failure would worsen the failure? Explain your answer.

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ECO 365 Week 4 Discussion Question 2

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What effect do government intervention, taxation, and regulations have on economic behavior? Explain.
 What are real-world examples of government intervention, taxation, and regulations? What are the goals of each?

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ECO 365 Week 4 Individual Assignment Differentiating Between Market Structures Table

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For this assignment, you will choose from the following options:

o Option 1: Differentiating Between Market Structures in Kudler

o Option 2: Differentiating Between Market Structures in an Organization of Your Choice

Read the instructions in the University of Phoenix Material: Differentiating Between Market Structureslocated on the student website and select one option to complete the assignment.

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ECO 365 Week 4 Learning Team Reflection Public Policy in Economics

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Discuss this week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field.

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

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ECO 365 Week 4 Team Assignment Mergers and Joint Ventures (2 Papers)

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This Tutorial Contains 2 sets of papers

Learning Team Assignment — Week 4

Discuss the differences between horizontal, vertical and conglomerate mergers and how those differ from a joint venture.

Introduction

Horizontal Mergers

Vertical Mergers

Conglomerate Mergers

Joint Venture

Conclusion

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

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ECO 365 week 5 Team Assignment Competitive Strategies and Government Policies (3 Papers)

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This Tutorial contains 3 sets of papers

Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points

Write 1,400 –1,750-word paper of no more than in which you describe how each of the following are or potentially will affect your industry or one with which you are familiar:

· New companies entering the market, mergers, and globalization, on pricing and the sustainability of profits: Identify the type of merger activity inyour industry or one with which you are familiar–horizontal, vertical, or conglomerate–and explain why you made that choice.

· Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities

· Global competition on the decisions made by management with regards to change in labor demand, supply, relations, unions, and rules and regulations in your chosen industry

Recommend how the industry you chose may respond to each of the previous points.

Format your paper consistent with APA guidelines.

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ECO 365 week 5 Team Assignment Competitive Strategies and Government Policies (PPT)

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Select an organization the team is familiar with and which has a global presence.

Management in the team’s organization has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points.

Create a 12- to 16-slide PowerPoint® presentation in which you describe how each of the following are or potentially will affect your industry or one with which you are familiar:

  • The impact of new companies entering the market, mergers, globalization on the market structure, price elasticity of demand, pricing, and the sustainability of profits
  • The impact of current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities
  • The effect of global competition on the decisions made by management with regards to change in labor demand, supply, relations with unions, and rules and regulations in your chosen industry

Recommend how the organization you chose may respond to each of the previous points.

Cite a minimum of 3 peer reviewed sources.

Click the Assignment Files tab to submit your assignment.

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