Video time-producers/F84B1512-604C-47CC-8E2E- F845FD100C35.html

Slides:

Advertisements

Similar presentations

Pricing Marketing Co-Op. the value placed on the goods or services being exchanged What is price? Price: Profit Margins: the percentage of sales the company.

Advertisements

Market Factors Affecting Price

The model that illustrates how a competitive markets works

Teacher instructions: 1.Print the lesson, 2.Display slides 2 through 4 with Procedure step 5 in the lesson. 3.Display slide 5 with Procedure step 6. 4.Display.

How we make Spending Decisions. Diminishing Marginal Utility Each additional unit of a product one buys is less useful than the one purchased before it.

Copyright ©2013 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible web site, in whole.

The Motive of Business Why do businesses supply goods and services?

Business Organisation & Environment Stakeholders

Demand, supply, and Market equilibrium

Supply Chain Operations: Planning and Sourcing

GCSE Business Studies The External Business Environment Revision Unit 3 Part 3a to

The 21 st Century Global Economy Standard 2.19,

Copyright © 2002 by Harcourt, Inc. All rights reserved. Topic 3 : Business Objectives Lecturer: Zhu Wenzhong.

How much are you willing to pay?.    Price is defined as the value placed on the goods or services being exchanged PRICE:

1.4 Stakeholders A stakeholder is any person or organisation that has a direct interest in or is affected by the performance of the business. The main.

Stakeholder Objectives

Economics Chapter 5. Section 1 Objectives: 1. What is the role of the price system? 2. What are the benefits of the price system? 3. What are the limitations.

The Demand and Supply Curve Economic Model

ENTREPRENEURSHIP I Ind – Develop a foundational knowledge of pricing to understand its role in marketing. (Part I)

LESSON 1-3 Economic Systems

Economic Roles Chapter 3.

Advances in Human Resource Development and Management Course code: MGT 712 Lecture 3.

Downsizing and Restructuring

Business Policy & Strategy Chapter Two The Field of Action: Environment of a Business System Murdick, Moor, Babson & Tomlinson Sixth Edition, 2000.

Part 5—Job Satisfaction

Elasticity and its Application. Definition of Elasticity Elasticity measures the responsiveness of one variable to changes in.

More income results in more demand for new cars; less demand for used cars Less income results in more demand for used cars; less demand for new cars.

EFL: Lesson 3 Markets. Consumers in Markets Demand = Desire for a product Willingness and ability to pay for it.

Copyright © 2012 McGraw- Hill Ryerson Ltd. Chapter 2 Ethics First … Then Customer Relationships 0.

Click here to advance to the next slide.. Chapter 1 Basic Economic Concepts Section 1.2 Business Activities.

THE MODEL OF DEMAND AND SUPPLY Lesson 3 1. LET’S BUILD THE MODEL… 2.

CNANGES IN MARKET EQUILIBRIUM Economists say that a market will tend toward equilibrium. Why? There are two forces that can push a market into disequilibrium:

Marketing Today. WHAT IS MARKETING? Businesses have two main functions Businesses have two main functions Innovation and Marketing, the rest are… Innovation.

ECONOMICS CHAPTER 3, SECTION 2 Changes in Demand.

Supply (The Business Point of View) Another Key Economic Concept.

Chapter 1 marketing is all around us Section 1.1

Supply Chapter 5. Goals & Objectives 1.Supply Curve & Price 2.Changes to supply. 3.Theory of Production. 4.3 Stages of Production. 5.4 Measures of Cost.

MARKETING MR. LOCKE Observing the Law of Supply and Demand.

DEMAND CHAPTER 4. Goals & Objectives 1.Describe and illustrate the concept of demand. 2.Describe how demand and utility are related. 3.What causes a change.

Balancing Equilibriums: What happens when Consumer Wants and Producer Offers match or don’t: In equilibrium consumer wants are set in such a way that the.

Economic Indicators Okay, I should pay attention to the business cycle, but how do I know which direction it is going in?

Economics for Leaders 2/25/15 BR: 1.Think about the law of demand. Why would consumers “substitute” a good or service. 2. What is income effect and give.

How well do you know Economics?. Name the four factors of production. Land Labor Capital Entrepreneurship.

Objective 1.02 Role of an Individual Consumer, Producer and Citizen.

Economics The study of production, distribution and consumption of goods and services.

 Start with a specific measurable goal ◦ Save $ to open an IRA  Pay Yourself First ◦ Set up a direct deposit to a personal club account. ◦ Open.

D. Marketing a Small Business 6.00 Explain the fundamentals of marketing in a small business Explain marketing and its importance.

Jessica Young Eric Yunker Rui Hui.  Sales tend to go first.  The demand for any type of good usually begins to decline when there is a recession so,

Chapter 17 Employee Stakeholders and Workplace Issues © 2012 South-Western, a part of Cengage Learning 1.

Stakeholders. Internal Stakeholders Members of the organization.

Interference in the labour market. Minimum Wage  A minimum amount per hour which most workers are entitled to be paid.  U.S. minimum wage is 15,000.

4.3 Occupation and Earnings

Business ethics Morrison. Morrison stakeholders The company’s business involve the following stake holders: Owners employee Customers Suppliers competitors,

Budgets and Businesses Workshop. Budget: is a plan that shows income, spending and saving. Income: Spending: Saving:

Marketing I Curriculum Guide. Pricing Standard 4.

The Role of Prices in the Free Market. Prices in the Free Market In the free market prices are a tool for distributing They are nearly always the most.

A2 - Elasticity. Economic concept of demand An increase in price will cause a decrease in demand This assumes that the only two variables are price and.

Objective 1.02 Understand economic conditions 1 Understand the role of business in the global economy.

Sports and Entertainment Marketing 2.01 Explain the concept of marketing.

Basic Economic Concepts Chapter 1. A Look at Wants and Needs Chapter 1 Section 1.

Business Ethics. O Principles, values and standards that guide behavior in the world of business O Moral code – what is ‘right’ and what is ‘wrong’? O.

Supply Supply is the various quantities of a good or service that producers are willing to sell at all possible market prices.

Meeting the Needs of Stakeholders

Chapter 8 Study Guide by Mrs. Masters.

Marketing co-op and non-coop

Economics Vocabulary.

Supply and Demand 1-4.

ECONOMIC ROLES Unit 2, Part 1

GDP, Spending, and Economic Growth

Presentation transcript:

Video time-producers/F84B C-47CC-8E2E- F845FD100C35.html time-producers/F84B C-47CC-8E2E- F845FD100C35.html

Issues at Hand Declining oil prices are hurting small oil companies in the US. Due to new drilling technologies and foreign suppliers- supply and demand Entire towns are suffering. Oil keeps people in work, which allows them to act as normal consumers. Even non-oil companies are suffering.

Stakeholder Analysis

Layoff Decisions When to make the choice Market forecast Consideration of employee morale How to approach layoffs

Long-Term Repercussions What happens when you shut down wells? Disrepair Competitors Decreased mineral deposits

Layoffs: Just Business Layoffs may be necessary to survive competitive & economic pressures. Can be devastating to those affected when handled improperly. Lingering negativity can impair remaining workforce.

Change Management Principles Good communication: before, during, after Deliver news personally and respectfully Outplacement support Don’t neglect the survivors

Discussion 1.We all rejoice when gas prices go down, but considering that people are losing their jobs because of this change in the market, how do you feel about it now? Would you be willing to pay $3 a gallon to ensure that these people can continue to work these jobs? 2.Put yourself in the shoes of these business owners. How would you approach this situation and handle layoffs?