Economics for Business - Research Paper Example

Only on StudentShare

Extract of sample
Economics for Business

With this in mind, the company has been in the forefront of creating subnotebook computer named ultra Personal Computer (UPC) which the Guiness World Records describes as "the smallest full-powered, full featured personal computer" (Oqo 2007).
Unlike most of the products in the global business arena, the UPC which is offered by Oqo has not been driven by the demand of customers in the market. In fact, the creation of the product is through the company's effort of determining the evolving computing needs of the high-end clientle (Oqo 2007). Thus, the UPC is a product where the supply is generated first before demand.
The demand curve for the UPC can be drawn as a downward sloping demand curve. Though the UPC is generally targeted to individuals who posses higher purchasing power through their level of disposable income, the product also appeals to the mid-level consumers who also wants mobile computing (About Us 2007). However, it should be noted that the high pricing strategy employed by Oqo is generally done to enhance the attractiveness of UPC. Thus, at a much lower price level, demand can be offset. It is also worth mentioning that UPC is a normal good because demand for it generally rises with increases in disposable income.
Currently, Oqo is dealing with the rapid increase in demand for its pr ...Show more


With the vision of providing a revolution in mobile computing, Oqo was founded in 2000 by Jory Bell and Betts-LaCroix, together with Andrew Popell, Michael Prichard, Nick Merz and Robert Ford, "who set out to shrink a Windows XP personal computer into a pocketable device" (About Us 2007)…
Author : gottliebannabel
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"Economics for Business Research Paper"
with a personal 20% discount.
Grab the best paper

Related Essays

Business Economics Paper
Stimpson (2002) defines a business as any sphere of activity which identifies consumer needs and wants and then utilizes its resources to produce goods and services to satisfy these wants. The aim is to make profit through this process. Creative Technology, Singapore is one such business, manufacturing computer multi media products.
11 pages (2750 words) Essay
Health Economics Research Paper
In addition, the median value for firms that remained in business is 1.780 and firms that failed is 0.890. However, there is an overlap of data between firms that remained and firms that failed. The shape of the distribution for firms that remained in business is negatively skewed as evident on the histogram and the skewness value.
6 pages (1500 words) Research Paper
Economics for Business Essay
what is the Business Cycle Parkin and Bade's text "Economics" gives the following definition: The business cycle is the periodic but irregular up-and-down movements in economic activity, measured by fluctuations in real GDP and other macroeconomic variables.
5 pages (1250 words) Essay
Economics College Research Paper
Relatively elastic demand curve is the result of relatively bigger change in demand for good in response to a small change in prices of that good. On the other hand the relatively inelastic demand curve is the result of smaller proportionate change- decrease or increase in the demand for quantity of goods in response to a given proportionate rise or fall in its price.
3 pages (750 words) Research Paper
Business Research Applications Paper
With many diseases, health hazards haunting the human civilisation, a pharmaceutical company becomes duty bound to look for newer and effective solution to these health related issues. Merck Pharmaceuticals is one such company which takes pride in carrying on with a focus on unrelenting breakthrough science and bringing many important medicines to market.
5 pages (1250 words) Essay
Ogallala aquifer
If every person made a change in their own lifestyles this would change the whole water conservation situation. This lesson especially hits home when we look at the situation with aquifers. This is the porous rock below the earth in which water is
2 pages (500 words) Essay
Economics Research Paper
produced the overwhelming majority of vehicles sold in the U.S and employed more than one million Americans in manufacturing motor vehicles, equipments and parts (Cooney and Yacobucci, 2007, p. 1). The very recent economic-profiles of the U.S automotive industry have shown that
6 pages (1500 words) Research Paper
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email