Easy Money: What does it have to say about Economics?
To ‘delineate’ is to describe in general the boundaries of something. When applying the word in business, “Market Delineation” is the method of outlining the geographic range of the demand for a product. In simpler terms, this is how a business monitors and controls its sales spread over a certain location. It’s possible to evaluate the current economic activity of the specific location being looked at as well as predictions on future levels being made that can affect the business’ profitability. Other factors that can dent the business’ success involve not conforming to ethical laws and the social standards of a business as evidenced in the novel.
“Market Dominance” is the measurement of a company’s control over the total number of sales (Vatiero, 2006). The same can be applied when talking about a specific product or a service in terms of how much they are sold, in comparison to other company’s offering the same product or service. Market dominance is usually enjoyed by those companies which have been around for a long time gradually building its trust and reputation amongst consumers. Newer firms entering the market look to gain a very small percentage of the total number of sales relying more on word of mouth and low prices to pierce the supremacy of the larger multinationals.
Competition vs. Co-operation
When two people or groups sit down to sort out their issues, certain beliefs belonging to each person will be evident enough as to let you know beforehand how each person is going to go about negotiating. The most notable of beliefs are either being ‘competitive’ or ‘cooperative’. The competitive approach will most likely always result in the decision being a win-lose with one party walking away the ‘victor’ if you like. Usually when this approach is taken, the root of the issue stems from there being no loyalty between both sets. It is related to ‘distributive bargaining’ somewhat which also ends in a win-lose situation albeit not so much one-sided as a straight up competitive decision. This way of working things out is often seen as destructive.
A cooperative approach to negotiations is usually more based on ‘bargaining’ and both groups looking for a win-win result at the end of it. Parties that are able to sort out their issues this way are more likely to progress on to bigger and better things as a level of trust and respect is formed. This type of resolution is also thought of as a constructive resolution process.
The three main economic groups represented in the novel are the Serbian mafia, the Stureplan crowd, and Abdulkarim's cocaine dealers, all of which have their own competitors in their own right whilst also controlling different parts of Stockholm’s economy. The Serbian Mafia ran a series of different ventures all at the same time; mentioned in the book were the smuggling of intoxicants, the prostitution ring and the debt collection along with the coat checks scheme they were running at various nightclubs around the city. The coat check scheme had two main competitors in the form of the Hell’s Angel gang and club king Goran Boman which formed sort of an oligopoly within the coat check market. (Lapidus, 2011, Page 59)
‘Turkish wore baggy pants from an outlet or something. Huge cuffs on his shirts. I mean, he’s a real tool’ (Lapidus, 2011, p26)
As well as being one of the main suppliers of drugs, Abdulkarim and the Arabs provided cabs to the people of Stockholm. Looked at as the head of the Arabs, amongst the Stureplan crowd and society in general, he was often regarded as a scoundrel.
‘The Arab would occasionally do tests. One of his men would pretend to be a customer and take a ride with JW. Afterwards, the Arab would compare what his controller had paid with what JW wrote in his log’ (Lapidus, 2011, p49)
This check that Abdulkarim found necessary to carry out in turn hurt his business as it meant fewer customersand more time spent driving around his
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BADM 2010 Consumer Law Money & Credit Writing Assignment - 40 Points Answer the question using complete sentences, good grammar, etc. The question is open ended, but please give a good faith effort to answer the question fully. Do not merely supply the bare minimum which technically answers the question. This writing assignment is intended to be interesting and facilitate improvements in your life-style; so, have fun with it, and let me know what you learned. Please type your answers…
CHAPTER 4 ASSIGNMENT: WEBSITE RETAIL MARKETING MIX For this assignment I selected Home Depot. Home Depot is one of my favorite stores to go to. Even just to walk through. But it can be overwhelming with products I have no idea what they are or do! I found that with having a website, the can actually offer a wider range of products due to space. And surely that appeals to not only the everyday home improver but the professionals as well. Along with web only products , for example, I was looking…
environment on sales and ready meals. In this assignment on ready meals, it will outline the different effects, both positive and negative in the change of the marketing environment on the sale of ready meals, using an appropriate framework of analysis such as “PESTLE” which stands for: political, economic, social, technology, legal, and finally environment, this framework will be used the analyse the affects it can cause on the sale of ready meals. The assignment will also include factors that might affect…
BUSN 5260 Current Economic Analysis Week 7: Personal Assignment There are Internet questions with this assignment at the end. Problems Problem 1 You have just inherited $100,000 from your rich uncle Sam. Being the conservative sort, you rush to your local bank and deposit the entire windfall. The reserve requirement is currently 10 percent. What is the immediate impact on the balance sheet of the bank? Reserve Account = 10% * 100,000 = $ 10,000 Cash Account = $ 100,000- $10…
Pre-Sessional English Programme Written Assignment Final Draft August 2014 Student Number: 140486360 Student Name: XIANYU HE Group: PSP 120 Assignment title: Established companies, such as Coca Cola and McDonalds do not need to waste profits on advertising as they already have a vast and loyal customer base Word Count: 1175 Currently, the majority of small companies have been taken over while larger companies are better to survive during the fierce marketing…
What would make sense to charge little or no money: One factor that would convince me to do a job for less money would be for a family member or family friend. Since the fees and expenses of an invoice are negotiable, I can give a break to this individual and charge them the hardest bottom line that I can. Depending upon the relationship I have with this individual and if this job will bring me future jobs, will determine the level of cut backs I can make. Pro-bono work is a job done completely…
Mid-Term Self- Description “Why do I have to do this assignment”, this is the question I asked myself until the last exercise of part 2. I still didn’t get the answer for my question because it was so boring and easy and got nothing to think and consider about self-reflection. However, when I review back the results in part 1 and 2, my answer in each exercise, I suddenly realized that my answers in part 2 have related the answers of part 1 and also I gave the opposite opinions in part 1 which totally…
Assignment #2 ___________ Gen Bus 101 10/9/2013 Cheryl A. Larabee & Robert Morgan, In the article “Greece Sets Up Its Own EBay To Unload Property,” it talks about how Greece is striving to raise as much as 50 Million Euros a year from online property auctions in order to help pay down its debt. After the European Commission, European Central Bank and The International Monetary Fund, the three main lenders of money to Greece, all bailed out on…
which I used data, ideas, or words, either quoted directly or paraphrased. I certify that this paper was prepared by me specifically for the purpose of this assignment, as directed. Student’s Signature: Evan Gerhardt [Digital signature] Event Management Evan Gerhardt Concordia University Chicago SPML-6110-1 Assignment # 4 Event Management Introduction The events manager for a sporting event has many different facets involved in creating a successful event…