Group items tagged

This article describes the sales of the new Iphone 5s and 5c over the first weekend. They had a great number of sales, however the demand for the Iphone 5c is not what they expected. It is said that the price is still too high for their target market. Apple was hoping to expand their market into Asia by producing a cheaper version of the IPhone in order to increase their market share, however it is likely that they will fail to do so, because the demand will remain low as the product is still not affordable for many Asians. Relating to our question of the week, the price helps allocate a product in the free market because it determines who the target market is, and if the pricing is off, it will effect the efficiency of the sales.

This article describes the sales of the new Iphone 5s and 5c over the first weekend. They had a great number of sales, however the demand for the Iphone 5c is not what they expected. It is said that the price is still too high for their target market. Apple was hoping to expand their market into Asia by producing a cheaper version of the IPhone in order to increase their market share, however it is likely that they will fail to do so, because the demand will remain low as the product is still not affordable for many Asians. Relating to our question of the week, the price helps allocate a product in the free market because it determines who the target market is, and if the pricing is off, it will effect the efficiency of the sales.

This article details the rise of so called 'budget supermarkets' Aldi and Lidl in the UK taking market share from the 'Big Four' supermarkets Asda, Tesco, Sainsbury's and Morrisons. The supermarket industry in the UK is a prime example of an oligopoly, I'd argue that there isn't perhaps a better example anywhere as this market features all the tell-tale signs; the four supermarkets often compete in price wars, especially Asda, the store mentioned here. Also the firms often collude and fix prices across the board together. The market, however is changing with other firms entering the market to provide cheaper alternatives to the ' Big Four' whom so many consumers have become disenfranchised with.

The author describes inelastic demand taking the Super Bowl as an example of pricing in many other sports.

This article describes how many sports events try to keep their prices low, in order to maximize attendance and thereby complementary costs such as food and parking. However, the Superbowl tickets are very expensive, and increasing in price. This is because they want to earn more money purely on ticket sales, and they believe they can make more revenue because the high prices only show how special this event is, which means there is a high demand to meet the high prices.

This article describes how many sports events try to keep their prices low, in order to maximize attendance and thereby complementary costs such as food and parking. However, the Superbowl tickets are very expensive, and increasing in price. This is because they want to earn more money purely on ticket sales, and they believe they can make more revenue because the high prices only show how special this event is, which means there is a high demand to meet the high prices.

Japan's inflation rate continues to rise according to this article from the Guardian. Prime minister Shinzo Abe aims to boost the inflation rate in the country to an approximate 2% level but, as typical with many countries, wages have not caught up with these levels and thus consumer spending power has been reduced drastically. Other interesting things to note are the rise in electricity and gas prices contributing to the increased CPI data.

This article is dealing with the economy in the U.S. It starts with stating that consumer confidence is stabilized, which could be because of the growing economy in the U.S. For example, the sales in U.S. and overseas are strengthen. One could also see from this article that the amount of people being fired from their jobs decrease which contributes to a growing consumer spending. Although, the demand for capital goods and military aircraft is becoming weaker.

This is an interesting article about monopoly. In the article, it is argued that as beer also gets allowed to be sold in convenience stores and not only in the beer store which has been a monopoly of beer, then there will be a rise in price. The government argues that it would have gained revenue if sold in convenience stores, as a study said that privatization in Alberta and British Columbia led to higher prices in those provinces.

In Venezuela, the president Nicolas Maduro has extended price controls to prevent the inflation that is (against) support for his rule. "We can't allow our hard currency to be used to rob people through the sale of these goods." he harangued businessmen he accuses of usury. This article relates to price controls and politics, and shows how price controls might look like when a country is ruled by dictatorship.

Shows and example of "Demand" and how selling the product for a lower price could result in more units sold.

This article is about how the BlackBerry phones are dropping in demand, and therefore the company have to "cut roughly 40 percent of its staff..." because of the loss of $965 million. When they have to cut down on he staff, it means that they can't afford the service that those workers can provide.

This article is about how the BlackBerry phones are dropping in demand, and therefore the company have to "cut roughly 40 percent of its staff..." because of the loss of $965 million. When they have to cut down on he staff, it means that they can't afford the service that those workers can provide.

This article shows how a small change in demand, effect the sales and the profit of a buisness due to lower chicken prices.

This article shows how demand for shares in the newly floated UK postal service Royal Mail has pushed the price up from 330p a share to 450p. This is the price in which demand is seen to be equal to supply, something the UK Government are being criticised for failing to notice as they believed 450p was a far to high price. The move itself if highly controversial and has been a hotly debated topic ever since it's proposal with many employees fearing that jobs will be lost.

I think this is really normal. Simply because private companies tend to have higher efficiency rates and therefore make more profits, this is the business part of the reason. Now if we consider the economical reason, I think that higher profits (deviants) will attract a lot more shareholders, this means higher demand. from the other side, shareholders will be willing to keep their shares as the company is making more and more profits, therefore less shares supply. So in short, more demand, less supply of shares could not lead to anything else except hiher prices and greater value of the company.

This article talks about how voters in the Colorado state have voted to approve 'proposition AA' which imposes a 15 percent excise tax and an initial 10 percent sales tax on recreational marijuana. If proposition AA approves it it predicted to bring in $67 million a year. This shows how the government can put such a high excise tax on inelastic goods and people will still be willing to pay for it.

This article explains how production costs in India could have been cut if Coal India had kept prices lower. The article also tells us that the company has a monopoly on the industry and is state-run which has lead some people to criticise the government. The company has been accused of protecting its own interests by raising prices to cache its bank balance. 

The company sells batteries to automobile manufacturers and the replacement market .But fall in sales and margins hit the company hard.

This article from the BBC News website details how Royal Mail, the recently privatised public service has seen a 2% increase in revenues. Th controversial move triggered widespread uproar from opponents and share prices rose rapidly above the target when the company was floated in October 2013. This article shows that despite the move the firm has continued to make money and appears to be in no immediate danger.

this is a very interesting article that demonstrates the total revenues and how they can fall or raise, it also compares different years' revenues and shows us how intel plans to overcome the fall in revenue. 

Firms in the UK and Germany have experienced revenue rise in its core markets. The analysts at Edison Investment Research say that there will continue being increasing business levels from existing clients.

this article wants to tell us that the copyright monopoly is something bad. That it slows down the development in the future. Personally, I would say that this article is not thought through since it is contradicting and use language like "can fuck off and die". The writer aims a lot on the right of duplicating, and that copyright monopoly stands in its way for that. I would say that duplicating something that a company has put a lot of money and time on, would not be morally right, because the one that is duplicating it will spend a very little fortune and time on doing this compared to the real producers. It is actually a pretty bad article, it feels like the writer tries to promote the duplication right of copying movies, programs, etc. and then share it on for example pirate bay.

This article shows how the demand for 3D TV's is increasing but broadcasters continue to not offer much 3D content to their viewers. 3D TV's were predicted by many to be a commercial failure, as the home experience is said to be not as good as the cinema experience but demand has continued to rise among consumers. Broadcasters however are not so keen to provide 3D content as they have their ever changing gaze to future investment in 4K technology in the continuous attempt to keep up with the relentless pace of modern technology.

I think that one of the reason that will not allow 3D technology to get popular is its very high cost. This is not only for consumers who are buying the TVs and Glasses, but also for producers. IT is an extra cost, without an extra profit.

This article talks about the economic implications of imposing a tax on carbon emissions and how this would affect the different social classes of society in different ways. The article makes specific reference to economic theory and the elements on elasticity.

Taxation almost always decrease the economic surplus and therefore it makes a decline in effectiveness. In this case, the energy companies will be the most affected group.