Financial and Economic Literacy for Managers Essay

Added on -2020-07-22

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Financial and economicliteracy for managers
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1a).............................................................................................................................................1b).............................................................................................................................................2c).............................................................................................................................................4TASK 2............................................................................................................................................5TASK 3............................................................................................................................................6a).............................................................................................................................................6b).............................................................................................................................................9c)...........................................................................................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONIn the business, there are various aspects in relation to financial system and it will berequired that the managers of company shall have complete knowledge regarding them so thatthey can carry out the actions to achieve growth (Ansong and Gyensare, 2012). The matterswhich will be covered under this will include understanding of customer response to variousmarket situations. also the performance will be evaluated so that its improvement can be carriedout. The report presented below will be explaining the techniques which can be used.TASK 1a)Apple is a well-known organisation which is involved in the production of personalcomputers and in addition to this, there are certain other products also which are manufacturedby it. The introduction of the Ipad 2 will be telling about the future of mobile media (Disney andGathergood, 2013). there are various structures which can be used and the one which is used bythe company is different from those which are used by others and will include monopolistic oroligopoly. The company will be able to maintain its position in the market as in this type ofstructure, there are not much competitors and this is due to the reason that it will not be easy forthem to enter in the market and also, cost involved in this will be high. Company is followingoligopoly and this can be said as others are not able to compete with the company due to the newand advanced features which are introduced by it. So it is not possible for others to made theirposition and there will be less amount of competition which will have to be faced.The monopolistic structure is carried out in the computers as more competition is presentin case of it. The whole market is divided among various organisation which are present and willbe able to maintain position. Company will be able to achieve the growth and this will be done with the help of manyinnovations made and opportunities which are created by the use of organisation structure(Gathergood, 2012). There are many features of this which will lead to the accomplishment ofmission and will include function and product related grouping, spoke and wheel hierarchy. Theflexibility which is present under this will be limited but the control will be strongly maintained. All economies which are present will be affected with the globalisation and restrictions intrade will be eliminated. Main factors which shall be taken into consideration in this will be1
policies of government, geography and technology (Huston, 2010). In order to maintain thequality, it will be ensured that all new techniques shall be used. Outsourcing is being used byApple in which it gives the order to manufacture products to others who will be undertaking thework by keeping in mind the specification mentioned by company. There are various methods which are used so that activities can be delegated to all thecountries and for that, companies in other parts are acquired or new plants are established. Inorder to achieve the expansion, all of this will be undertaken together with the compliance ofpolicies formulated by government. b)In the business, there are two aspects which are to be considered and they are price anddemand. they both are highly related and will be having an impact on each other. The price willbe fluctuating and demand will change in inverse relation to it. It means that the demand will berising with fall in prices and vice versa (Carlin and Robinson, 2012). The demand will bemaintained with the identification of needs so that they can be met and by this, the curve ofdemand will experience a shift. In the present situation, demand will be enhancing as thereduction in price can be seen in diesel and unleaded petrol. This can be better understood withthe help of diagram provided below:In this, it can be seen that with the rise in price from P0 to Pt, demand is falling Qo to Qt.The other part is supply in which relationship exists but will be direct. This explains that with the2

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