Business communication Assignment Example | Topics and Well Written Essays - 500 words

Business communication - Assignment Example A low value signifies that the less members of the society ‘accept’ that there will always be inequality and a high value show that there is resistance to inequality. This dimension measures the value that a society places on group achievement against individual achievement. A low value in the index signifies that the society places more value on collective achievement, and is thus more independent, while a high value shows that the society places more value in individual achievement. The uncertainty avoidance index, shows how the society’s attitude towards defining social structures. A high value in the index signifies that a society is uncomfortable operating in undefined social and political structures; it also signifies high levels of emotion (Schwartz, 1999) and the members prefer having a strong legal and regulatory governing framework. A low score signifies that the society does not require strong structures from which to operate within, they are not afraid of certainty and are more pragmatic in their approach, not emotional. This is a more straightforward dimension; it covers a society’s adherence to the hegemonic masculine social concept. A high value in the index signifies a society places high value on the more masculine attributes of competitiveness, power and ambition while a low value shows a society’s values are more feminine, with more value placed in the overall quality of life and strong relationships. The long-term orientation index shows whether a society places more value on short term or long-term gratification. Psychologically, it can also be seen as a measurement of pragmatism. Long term oriented societies are more pragmatic, with emphasis placed on the ‘bigger picture’ while short term oriented societies are less pragmatic in their approach (Appadurai, 1996), adhering to their traditions

Take home exam paper Term Example | Topics and Well Written Essays - 1500 words

Take home exam - Term Paper Example This â€Å"unnatural† inelastic demand is created as a means of encouraging and influencing the consumer to integrate with the given good or service. This approach is used rather often as a means of encouraging a higher than average integration with a given good or service; hence the way that certain types of goods or services are so heavily marketed and ultimately create an unnatural level of demand as compared to what might otherwise exist should an aggressive level of marketing not be utilized (Van Heerde et al., 2013). Marginal cost refers to the change in overall cost that occurs when the quantity produced increases by an increment of a certain unit. This is useful in terms of understanding at what point a given manufacturer or producer should cease production and/or at what point it will be economically beneficial to upgrade the production capacity to deal with increasing demand or expected increased demand in the future (Rogerson, 2011). As such, marginal cost is not only associated with raw material inputs and/or labor, it can include the cost of building or purchasing new production space and machinery; up to and including a new factory or factories. The decreasing marginal returns can be noted in the graph below as the areas in both blue and red that appear as high values on the x and y axis. An oligopoly can be defined as a type of market form that is dominated by only handful of sellers. These oligopolies then have a high likelihood of colluding as a means of setting prices and reducing the entrants to the market that might threaten to drive down price. Oligopolies exist throughout the world and can be noted in the banking sector, automobile production sector, and telecommunications markets (Goettler & Gordon, 2014). Broadly speaking, governments around the globe have made gestures towards regulating and enforcing