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Business Essays

Essay on Profit Maximization

In economics, profit is the difference between a firm’s revenue and the costs it incurs to produce goods or services (Begg et al., 2020). The main goal of any business is to generate profits, which can be used to reinvest in the business, pay shareholders, or provide other benefits for the owners. Two main models ... Read More
Pages: 3       Words: 609

Economic Inequity in Australia

Background Economic inequity is the unequal distribution of income and economic opportunities between different people and groups in a society. Economic inequality is a concern for all nations all over the world. Considering the world wealth distribution, the majority of wealth is held by a few nations or individuals, with a good number of the ... Read More
Pages: 6       Words: 1596
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Narcissistic Leadership Is Needed in an Extremely Challenging Situation

Introduction Disruption is a business term that was initially coined by Clayton Christensen to mean the process of a takeover by an underrated brand, service or product within the market to the point of replacing or displacing the incumbent products or brands within this market. In a disruptive market environment, the inferior product takes advantage ... Read More
Pages: 7       Words: 1897

Does Technology Wreck the Middle Class, or Do We Reap the Benefits of Mechanization?

Mechanization encompasses moving from a traditional society to an industrialized and urbanized society. In agriculture, the process increases productivity, efficiency, and quality, reducing labor, human drudgery, and cultivation costs. Despite its advantages, mechanization wrecks the middle class. It disheartens them, renders their services monotonous, and the work environment intolerable. Mechanization reduces the employment rate of ... Read More
Pages: 3       Words: 606

Essay on Diversity Management

A few potential issues could arise when asking someone, “Where are you from?” that could lead to experiences of exclusion or discrimination. First, the person being asked could feel like they are pigeonholed into one identity or place of origin. This could be especially true for someone who is multiracial or who has multiple places ... Read More
Pages: 3       Words: 726

Development Approaches and Best Approach for Economies of Developing Countries

Introduction Development in economics refers to improving the standard of living of a country’s citizens. Economists have been on their toes to study the economy and growth of a nation. This can be done through various approaches such as economic growth, structural theory, development economics, and poverty alleviation. Development is a complex issue, and economists ... Read More
Pages: 5       Words: 1347

Designing a Customer Engagement Business Case for TVB

Introduction The purpose of this case is to advocate for an investment in a customer engagement program by The Vegetarian Butcher (TVB). This customer engagement program could take the form of economic rewards, symbolic rewards, or an amplified voice for customers, and would help to solve relevant problems such as customer interaction, content for each ... Read More
Pages: 3       Words: 750

Cultural Diversity in Organizations

Introduction Diversity of culture unites all group workers in a firm at all levels. Cultural diversity necessitates a certain style of corporate culture where all employees are free to pursue their goals without being constrained by their gender, ethnicity, country, or other characteristics that do not affect their ability to succeed. One of the main ... Read More
Pages: 7       Words: 1780

Essay on Crystal Pepsi

David Novak was referring to the fact that the product was a huge failure, despite being a great idea in theory. The main problem was that the product didn’t taste very good and was quickly discontinued. However, Novak still believes that Crystal Pepsi was a great idea. Crystal Pepsi was supposed to be a healthier, ... Read More
Pages: 3       Words: 646

Costco Case Study

Costco is a distinctive retailer that has outperformed its rivals in terms of growth. By the end of 2017, they have developed 746 locations for their companies. The United States, Canada, and other nations have a sizable population of them. Costco has grown steadily by adding new stores in an even distribution each year. Additionally ... Read More
Pages: 4       Words: 987

Cost-Benefit Analysis of Immaculate Medical Center

Abstract This paper is on Cost Benefit Analysis (CBA) of Immaculate Medical Center (IMC). To plan for changes, IMC is using the cost-benefit analysis. The purpose of the CBA is to predict whether planned changes in the operations at the Hospital are cost-effective. If the cost outweighs the benefits, the project should not be undertaken. ... Read More
Pages: 9       Words: 2411

Corporate Social Responsibility in Business

The social responsibility of business can be described or explained as the way companies, through their activities, maximize shareholder value, that is, by acting in a manner that benefits society, not just the bottom line. Being socially responsible for a business or a company can bring added advantages that portray a good company’s image and ... Read More
Pages: 11       Words: 2782

Corporate Culture at Walmart

Walmart is a multinational retail company with its headquarters in the United States. The company was opened in 1962 by Mr. Sam Walton. Since then, the company has continued expanding its operations across the globe through franchises. Currently, the company operates more than ten thousand stores across the globe, including online stores. Moreover, the company ... Read More
Pages: 6       Words: 1650

Consumer’s Purchase Decision-Making

Introduction Energy digitalization refers to the renovation which takes place within the energy sectors and the usage of energy in general that involves a transformation from traditional manual, including binary methods, to intelligent remote controls, management, and monitoring. Currently, sectors dealing with energy are evolving to enhance energy consumption as they try to achieve strategies ... Read More
Pages: 16       Words: 4213

Ethical Question: Can Companies Take Social Responsibility in Protecting the Environment?

Introduction Companies exist for the sake of profits. However, they are also members of society. Most companies face an ethical dilemma regarding environmental conservation. Their duty to society requires them to preserve the environment, while they can choose to ignore that and save money for investments that will reap profits. Nevertheless, companies can use some ... Read More
Pages: 4       Words: 832
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