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Financial and Economic Literacy for Manager Assignment

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Added on  2020-06-06

Financial and Economic Literacy for Manager Assignment

   Added on 2020-06-06

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Financial and EconomicLiteracy for Managers
Financial and Economic Literacy for Manager Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Q1: Applies the business economic concepts of performance paradigm....................................1Q2: Business economic concepts of demand and supply............................................................3Q3: Business economic aspects .................................................................................................6Q4: Financial statements.............................................................................................................7Q5: Use of financial instruments and intermediation.................................................................8Q6: Calculation...........................................................................................................................8a) Ratios......................................................................................................................................8b) Future value............................................................................................................................9c) NPV analysis...........................................................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
Financial and Economic Literacy for Manager Assignment_2
INTRODUCTIONFinancial literacy is something knowing enough about management of capital to makewise and useful decision and to avoid any kind of unwanted fraud and mistakes. It is the abilityto make informed decision in accordance to use and manage funds in more efficiently way toattain future sustainability and growth for the company. This project report consists of importanteconomic concepts of performance paradigm, globalisation to Amazon company. These conceptsare further discussed by considering elasticity of demand and supply (Lusardi and Mitchell,2011). This report also explain various aspects of economic policies and financial planning,control and capital budgeting in decision-making. The understanding of financial risk and andinstruments which is present in there business operations. Ratios are calculated in order to makenecessary analysis for effective decision.TASK 1Q1: Applies the business economic concepts of performance paradigmStructured conduct performance paradigm is a framework in industrial organisationeconomics which turned as a unplanned theory that explain for business firm to performance byeconomic rules in incomplete market. In this situation, the market has direct or short-terminfluence on market structure (Fernandes, Lynch Jr. and Netemeyer, 2014). It will affect theperformance of market. Feedback effects come about huge impact on conduct and structured ofmarket. A business firm performance are determine through conduct of business transactionwithin the boundaries of the industry which is mostly relies on structure of the market.Elements of the paradigm:1
Financial and Economic Literacy for Manager Assignment_3
Illustration 1: Elements of paradigm(Source: Joe S. Bain Jr, 2017)The Structure, conduct and performance paradigm is known as a pillar of industrialorganisation theory and it has been conception as a starting point after analysing market andother specific industry. It consists of various components such as:Structure: It is considered as that set of variables which remain stable over a specificperiod of time and affect the attitude and nature of sellers or buyers. It is mostly affected withthe degree of supply and demand concentration or product differentiation.Conduct: In the situation in which buyers and sellers behave among themselves and witheach other. Firm select their own planned behaviour, investment decision in survey andadvertising stages (Jappelli and Padula, 2013). It mainly, target on that aspects which measureprice which is set by an organisation. It also influence whether these prices are in connivancewith other business firm in the market. It is the primary responsibility of an organisation toidentify whether their activities and operations will be helpful in improving economic welfare.Performance: It is analyse through comparing the outcomes of business firms along theindustry in efficient terms and various ratios are used to assess profitability level of the company.There are some variables which are associated with this stages are quantity, product quality andallocation of resources etc. 2
Financial and Economic Literacy for Manager Assignment_4

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