01 Sep Economics 1
First Q: In current business publications, find examples of firms whose strategies to increase profits focus primarily on generating more revenue. Compare these cases with firms that are trying to cut costs to increase profits. Include a summary of these firms and how the different strategies have been successful or unsuccessful.
At least 1.5 -2 pages in length. Use a minimum of 3 references
Second Q:Using data sources from business publications and the Internet, discuss significant trends in both demand and supply in the copper industry that have influenced the price of copper since September 2011. What are the implications of these trends for managerial decision making in the copper
industry?
At least 1.5 -2 pages in length. Use a minimum of 3 references
Third Q:Normal and inferior goods are differently impacted by recessions. Examples include new cars versus fast food. The textbook examples include jewelry, gourmet pet food, dollar general stores. For this assignment, research four other examples of inferior goods. In addition, discuss how revenues of inferior goods producers are expected to be affected by economic recessions and expansions.
Expectations: At least three pages in length. Use a minimum of 4 references to defend your position.
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