Discussion- Economics-Topic Choice-How managerial economics affect a publicly traded firm

College
Assignment
Management
Pages 1 (251 words)
Download 0
Coca-Cola ranks top in the soft drinks industry providing more than 500 brands for its customers. The Company has many products such as diet coke, Sprite, Fanta, vitamin water, Minute Maid, coke zero,…

Introduction

HP is one of the leading companies that provide products, technologies, software and services in the computer industry. The company offers a many products such as computers, printers, storage devices, networking devices and software. HP also offers personal computing services and enterprise information technology to its customers worldwide. Some of the crucial managerial issues include dealing with competition, and ensuring development in technology and innovation. Managers at the company have to deal with other risk factors in the computer industry for instance, cost and revenue issues, research and development.
Abbott laboratories provide pharmaceutical and medical products for its customers. Abbott offers a wide range of products in diagnostic, medical services, nutrition and other established pharmaceuticals. The main managerial issues facing Abbott laboratories is the successful integration of the company with other sister companies and still make it to the top of the pharmaceutical sector.
In order for publicly traded firms to be successful in their markets, managers must understand some of the most important economic concepts affecting their firms. This includes competitive strategies that eliminate other companies in the market, pricing strategies that establish customer base, marginal analysis, shareholder wealth maximization and market structure decisions. Most of these economic concepts ensure a firm remains in its market position thus success (McGuigan, Moyer, & Harris, ...
Download paper
Not exactly what you need?

Related papers

Managerial Economics
This paper will discuss different economic approaches for Aslan communications’ price setting, and identify factors that may limit the firm’s choice in pricing decisions. Economic Approaches to Pricing According to Marn, Roegner, and Zawada (2003), pricing can be approached at three distinct levels such as industry level, market level, and transaction level. Industry level pricing process…
Managerial economics
There was no development in the product technology. In addition, the government did not take an active role in the environment of business. Following the initiation of railways during the 1910s, businesses started expanding and appeared to integrate vertically. However, mass production resulted in less corporations being around but those that remained were slightly larger and were in a position of…
Managerial Economics
The major objectives of introducing incentive systems in an organisation are to provide better control over the management as well as to inspire employees to perform operations in a desired manner. Moreover, incentive systems also facilitate in better recruitment as well as management of workforce. Employees of an organisation are provided with various incentive schemes by the organisations that…
Managerial economics
In this paper, the proponent tries to elaborate the important factors that are actually contributing to the downward fall of the market price for personal computers even in the midst of increasing demand for them. Prior to that, let us first review the basic economic relationship between price, supply and demand. Price, supply and demand The law of supply states that when there is a higher price…
managerial economics
This high level of demand would be responded by the money put in by the suppliers. Higher investment of the suppliers would lead to lead to increase in supplies of the computer. When the supply is matched with the demand, it will lead to monetary transaction of computers between the buyer and the seller (Madura, 2007, p.85). When the demand exceeds supply, the suppliers would tend to increase the…
Managerial Economics
There are several factors that contribute to the pricing of houses in a free market. The Basic Principle of demand and supply This basic principle of demand and supply would chiefly govern the housing market, i.e. when the demand for housing increases the prices will tend to go up in order to reach equilibrium at the present level of supply. This is a typical example of demand and supply. The…
Discussion- Economics-Topic Choice-How managerial economics affect a publicly traded firm
HP is one of the leading companies that provide products, technologies, software and services in the computer industry. The company offers a many products such as computers, printers, storage devices, networking devices and software. HP also offers personal computing services and enterprise information technology to its customers worldwide. Some of the crucial managerial issues include dealing…