You are a group of advisor’s to the Management Board in your company.
In determining the company’s strategy in the next 5 years, your managers have required you to
prepare a 2,500 word market report. The market report should, as a minimum, address the following
- A description of your company and the industry your company is in, including:
An overview of the company.
An overview of the industry (including some key statistics such as revenue,
employment, the industry’s contribution to national GDP, and industry growth rate).
- An analysis of the market structure the industry is in, including:
The type of market structure it is in and why (based on the characteristics of the
The market leaders in the industry and some statistics about them.
- A discussion about (i) two determinants of demand, and (ii) two determinants of supply for
your product(s) or service(s) that you consider to be the most influential.
- A discussion about the demand elasticity for your product(s) or service(s) which answers the
Is your product(s) or service(s) elastic or inelastic? Why?
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HI5003 Economics for Business
What are two factors that you consider affect the elasticity of demand for your
product (or line of product
For the functions of this essay, ‘historic geography’ is defined as a department of geography that concerns itself with “how cultural features of the multifarious societies throughout the planet advanced and came into being” (Wikipedia, 2006b). The area has historically considered the “spatial- and location- centered orientation of geography, contrasting and combining the spatial hobbies of geography with the temporal pastimes of records, creating a discipline involved with converting spatial styles and landscapes” (Guelke, 1997: 191). As Donald Meinig, one of the most influential American historic geographers as soon as stated: “i've lengthy insisted that with the aid of their very nature geography and history are analogous and interdependent fields” (1989: seventy nine). Colonialism Any discussion of colonialism additionally requires a definition of what we suggest by using the time period. Colonialism is one of the most crucial capabilities of ‘cutting-edge’ records and, a few would possibly argue, the project that caused the start of ‘geography’ inside the first place. To define colonialism we must first define two other key phrases in records: empire and imperialism. The historian Michael Doyle defines empire as “a relationship, formal or casual, in which one country controls the powerful political sovereignty of any other political society. it is able to be carried out by pressure, by political collaboration, financial, social, or cultural dependence” (in stated, 1993). Imperialism is broadly the practice, the theory and the manner of deliberating a dominating centre that controls a much-off land (stated, 1993); as Doyle states, “imperialism is without a doubt the method or policy of establishing or keeping empire” (in said, 1993). inside this context, colonialism can be described because the “implanting of settlements on remote territory” and is without a doubt always a end result of imperialism (stated, 1993). To analyse and contrast colonial revel in, as well as to apprehend why colonialism figures so prominently within the discourse of historic geography, one must attempt to apprehend the sheer scale of colonial growth. As said (1993: 1) explains: Western energy allowed the imperial and metropolitan centres at the end of the 19th century to acquire and collect territory and subjects on a certainly astonishing scale. do not forget that in 1800, Western powers claimed fifty-five percentage, however sincerely held approximately thirty-5 percent, of the earth’s floor. however via 1878, the proportion become sixty-seven percent of the world held through Western powers, that is a rate of growth of 83,000 square miles consistent with yr. by 1914, the yearly fee by which the Western empires received territory has risen to an magnificent 247,000 square miles according to 12 months. And Europe held a grand overall of approximately 80-five percentage of the earth as colonies, protectorates, dependencies, dominions and Commonwealth … No different associated set of colonies in records had been as massive, none so definitely dominated, none so unequal in power to the Western town…>GET ANSWER