Category: economics

What are the advantages and disadvantages of the Internet shopping experience?

Does the store make creative use of wall space to sell product? D. Does the sales staff use suggestive selling? E. Is the sales staff friendly and helpful? F. Is the image of the staff consistent with the image of the store? IV. Layout A. Does the store layout help draw people throughout the store? Why or why not? B. How does the layout facilitate purchases? C. What type of layout is used? Would another type of layout be better? V. Merchandising A. Has the retailer employed any techniques for achieving greater space productivity such as using the “cube,” downsizing gondolas and racks, minimizing no-selling space, etc.? B. Are there any displays that increase interest in the products being offered? If not, would you recommend any? C. How has the retailer organized merchandise? What improvements could be made? VI. Summarize your suggestions on how this retailer can improve the shopping experience for their customers, increase sales, and improve their image. PART C: Evaluate Web Sites. Go to the four retail web sites and shop for a product. For example, if I were shopping for a pair of jeans, I would try to find similar jeans at four different retailers. I might view Victoria’s Secret, GAP, J. Crew, Levi because they all offer about the same quality and target similar markets. : A. Identify the retailers you chose and why. B. How do you compare your experience shopping on the Internet to shopping in a local store for this type of product? C. What are the advantages and disadvantages of the Internet shopping experience? D. Compare the retail offerings of the product you were shopping for: a. product quality b. price c. suggestive selling d. website features e. design of website f. ease of website use g. closing of the sale e) Which one of these sites would you use? Why?

Environmental law and sustainable development with the Digital economy.

Regulating the digital economy through policies that allow environmental protection and economic growth2.Please use policy guides that link (digital) economic matters and the environment3.Tackle economic instruments used to protect environment and that can be used to contribute further to regulation for digital economy multinationals in the global south with examples in countries like Kenya east Africa, South Africa Mauritius and west Africa. (The introduction of economic instruments, such as emissions trading and the Clean Development Mechanism (CDM) under the Kyoto Protocol, was a game changer in the 1990s. This was the first time the private sector was called upon to contribute so directly to the implementation of an international environmental agreement. It was, and remains, controversial because it brings the language of market mechanisms and privatisation into the centre of a regime concerned with global public resources (air, the atmosphere). Controversies notwithstanding, carbon trading that started as a footnote in the mid-1990s has become an integral and central part of the climate change regime.)4.Taxing digital economy for environmental issues.

What is behavioral economics and how does it differ from economics in general?

What is behavioral economics and how does it differ from economics in general? What is beneficial about using behavioral economics?

How did the transition from immediate-return hunter gather economies into delayed-return agricultural economies change the way human beings live? What were the benefits and costs of this transition?

What does it mean that currency is a “social construct”? How has currency developed historically and where do you think it is headed in the future?

How and why did England transition from feudalism to capitalism? Why did it, arguably, happen here first?

It is common to hear arguments that capitalism will not survive automation and artificial intelligence. Why would this be the case? What is your opinion of these concerns?

What is the recipe for a “hype” brand? How do these companies obtain high prices for goods of marginal utility? Can we understand these brands only using classical economic models or does it require the addition of behavioral perspectives?

Economics has developed as a highly deductive social science. It begins with rather rigid assumptions about how human beings should behave to be “rational.” These were developed in the late-18th Century. Yet, inductive approaches, such as psychology and sociology understand human behavior with much a more inductive lens. How do people actually act economically and socially in feudal, capitalist, socialist, or communist economic systems? How do they react to the “rules of the game” and what are the consequences? This course examines and compares the economic systems humans have used historically to define the social psychology of economic behavior. It also addresses the future of economic systems given new technologies like automation and artificial intelligence and the rapid expansion of globalization and online commerce.

Compare and analyze human behavior in different economic systems using social psychology
Evaluate empirical descriptions of economic behavior to the core assumptions of economics
Formulate predictions about the future of economic systems and critically examine the consequences of economic systems (e.g., inequality, climate change)

Discuss Contemporary Marketing Issues Related to the Marketing Mix .

The Abercrombie & Fitch marketing strategy represents several contemporary marketing issues related to the marketing mix. Make an initial post related to one aspect based on the first letter of your last name, as shown on the table below. Your instructor may reassign your area of the marketing mix based on the needs of the class. Area of the Marketing Mix Being Evaluated A-F Place G-L Price M-R Promotion S-Z Product In preparation for this discussion, review the required and optional resources. Then, address the following: What ethical or unethical practices do you feel Abercrombie & Fitch is demonstrating related to your assigned aspect of the marketing mix? Briefly describe the practices using the knowledge of ethical standards and norms that you gained in Module Two. Name one additional contemporary marketing issue related to your assigned aspect of the marketing mix. What opportunities does the issue present for ethical and/or unethical practices in the marketplace? What are its legal implications?