Eco/372 Week 2

Since people and customers to be specific come from different cultural backgrounds, considering and understanding the cultural background and practices of every market niche. In ensuring that the organizational activities do not conflict with the cultures of clients and that they suit the needs of the cultures, the following would be done by the organization;

-Nominal GDP is the value of final goods and services evaluated at current-year prices and are calculated by summing the current values of final goods and services. In the other hand, the real GDP is and services in the base year to calculate the value of goods and services in all other years. “Real GDP holds prices constant, which makes it a better measure than nominal GDP of changes in the production of goods and services from one year to the next. In fact, growth in the economy is almost always measured

During week one meet with staff and providers to discuss the research that supports my change project. Also, randomly talking with patients to get their input and what they feel would meet their learning needs. Meeting with the stakeholders from my clinic. Reaching out to the IT department and meeting with the finance department.

What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?

Global competition has a direct impact on Wal-Mart. Global companies offer competition for consumer business and companies within the United States and other countries who compete with Wal-Mart. The global competition for consumer business primarily takes place in the e-commerce domain that Wal-Mart dominates. Wal-Mart offers their consumers a convenient one-stop website with all the merchandise and products offered in the store, and some that are not. The exchange is significantly sped up by the convenience and availability of the internet. The internet allows transactions to take place at a faster pace than the standard face-to-face or telephone method. Target, a major competitor of Wal-Mart, also has a Website that is reached by consumers all over the world. This added competition, especially from a competitor in the same industry, forces Wal-Mart to keep their prices low while offering

If unemployment rate lowered, that means that the job market would increase. An increase in the job market would vastly increase the overall GDP of an economy (Doc 1). With the economy handing out pink slips and firing employees, a boost in employment would lead to an economic expansion (Doc 3). An economic expansion would go so far as to slow

For example, If you are selling a product that is a normal good with a high rate of competition in the market, raising the price could have negative effects on overall profits because users will simply find another substitute somewhere. Charles stated that market separation may come into play when firms realize there are differing elasticity curves for different consumers of the same product. Firms can maximize profits by evaluating consumer segments within a single market. If the firm notices different demand elasticity for different segments it may opt to engage in price discrimination to maximize profits. Charles gave Microsoft Office as an example; the same software is offered to students, casual users and business users at different price

According to the Week 2 Case Study, my company uses Internet Explorer, Firefox, and Chrome as it primary browser. I am charged with setting a policy on how to secure these browsers as much as possible.

Gross Domestic Product, also known as GDP, is defined as the dollar value of all final goods and service produced within the border of a country during a specific period of time, typically in one year. GDP measures the value for the whole country, and it also changes quickly. We can take a look at the trends of US GDP in the website of the U.S. Bureau of Economic Analysis.

The first benefit that a tax cut will bring is the encouragement of efficiency in the private businesses . It provides an opportunity for investors to inject money into the economy since it has the potential for growth, and they do not incur as many costs for running the investments. The tax cuts also reduce the amount of risk that the companies will have to indulge in to enable them to make a profit. With a high cost of transactions due to the taxes, the corporations will have to spend more on acquiring and paying credits and that increase the amount of risk for their operations. That move will spur their investment ventures and promises quicker growth than other avenues of alleviating the recession. The move also reduces the possibility for the larger organizations to indulge in acquisitions and mergers with the smaller business that may eventually lead to monopolies. It is hard to control most market factors in an environment whose operations have a saturation of monopolistic participants; therefore, it is not economically healthy. A reduction in the taxes will encourage all forms of business participation. The cut will provide an excellent opportunity for the small enterprises to withstand the difficulties of the recession. That will prevent the possibility of the larger corporations turning into oligopolies and eventually monopolies that are

-Gross Domestic Product (GDP); which measures the total market value of goods and services produced in the domestic economy during specific time period, is considered the best measure because it includes the output of all sectors of the economy.

GDP or Gross Domestic Product is the value of goods and services created in a country. GDP is used to indicate how the economy is going to a country. At times, GDP is used to indicate prosperity, advance, and quality of life but this is incorrect because some factors are not added within the indication (Novácek). For example, it does not factor in housework or non-reported

The Gross Domestic Product is a monetary measure of the value of all final goods and services produced. GDP estimates are commonly used to determine the economic performance of a whole country or region .It also measures economic productivity and growth, what GDP represents, has a large impact on nearly everyone within that economy. For example, when the economy is healthy, you will typically see low unemployment and wage increases as businesses demand labor to meet the growing economy. A significant change in GDP, whether up or down, usually has a significant effect on the stock market and the economy at large.

The Real Gross Domestic Product (RGDP) is a measure with inflation adjusted that considers the value of all goods and services manufactured in a designated year, which is indicated in a base year prices. This is also known as the inflation corrected GDP, or constant dollar GDP. On the other hand, a figure that has not been adjusted for inflation is known at the Nominal Gross Domestic Product (NGDP). Also known as the current dollar GDP. A GDP is the one figure that indicates the health of a country’s economy. A healthy economy is when you will normally see wage increases and low unemployment as businesses demand more labor to fulfill the growing economy. A GDP will appear higher than it actually is, if the inflation is not accounted for in

GDP. The main difference between nominal GDP and real GDP is that nominal GDP doesn 't