FELM4026: Financial and Economic Literacy for Managers
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GSM London
Financial and Economic Literacy for Managers (FELM4026)
Added on 2020-04-13
FELM4026: Financial and Economic Literacy for Managers
GSM London
Financial and Economic Literacy for Managers (FELM4026)
Added on 2020-04-13
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Running head: FINANCE AND ECONOMIC LITERACY Finance and Economic LiteracyName of the StudentName of the UniversityAuthors NoteCourse ID
1FINANCE AND ECONOMIC LITERACYTable of ContentsAnswer 1..........................................................................................................................................2Company overview......................................................................................................................2Answer 2..........................................................................................................................................4Price Index of Potato...................................................................................................................4Answer 3..........................................................................................................................................7Economic Policies in United Kingdom.......................................................................................7Demand side policies...............................................................................................................7Supply side policies...............................................................................................................11Answer 4:.......................................................................................................................................11Answer 5:.......................................................................................................................................12Answer 6:.......................................................................................................................................12Answer to 6A:................................................................................................................................12Answer to 6B:................................................................................................................................14Answer to question 6C:.................................................................................................................15References......................................................................................................................................16
2FINANCE AND ECONOMIC LITERACYAnswer 1In the e-commerce industry, Amazon.com Inc is one important name. The location ofAmazon headquarter is in Washington. Amazon is an important player in cloud industry as well.The foundation year of the industry is in 1994. Starting business in 1994, the company become aglobal leader in the online retail market with capturing a lion share in the market. The averagerevenue of the company is $135.98 as accounted in 2016 and provide employment to nearly341400 people all over the world (www.reuters.com 2017). The company shows continuousprogress in increasing its operation in different areas and contributes to maintain an upwardgrowing trend in the revenue for the enterprise. The report evaluatesperformance of the companyincorporating both business and economic theories. Company overview The success of any business is subjected to the operational framework and businessmodel of the concerned organization. The report makes extensive studies on business frameworkof the company. One widely discussed theory of business paradigm is structure conductperformance.As per the theory, commercial performance depends on the business conduct as awhole. The supply and demand side players are also crucial for business performance. Thesefactors in turn depend on the specialized area of business operation (Ralston et al. 2015).Amazon is operating in a global platform of e-commerce market. The concerned organizationhas made considerable progress with its innovative technology. In modern world, with rapidspread of internet people become increasingly familiar with online shopping. Globalization isanother factor that contribute to an integrated world business. There are few large playersdominating the e-commerce business and each enjoys a significant market share.
3FINANCE AND ECONOMIC LITERACYThe online retailer Amazon is one of the largest retailers that make business expansionwith increasing shipment of available goods, The business structure has some key feature that areimportant for constituting impressive performance. One important aspect here is the globalfunction based group of Amazon. There is a dedicate team that looks after labor division andspecialization. The company maintains a hierarchical structure globally and the operation of thefirms is geographically divided. This specialization helps in better management of businessoperation. The successful operation of the business largely depends on the goodwill factor that is aby-product of trust gained from its customers. Customers’ trust helps to the company to beplaced in one of the top position (Ritala, Golnam and Wegmann 2014). Amazon providescustomer friendly services and deliver their services on time. The company makes excellent performance in offering a wide range of product anddelivering these products.The enterprise enjoys loyal customer base reflecting future growthprospect. The trends of revenue and sales indicate the performance of the company.
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