International Business Economics Essay Example | Topics and Well Written Essays - 4000 words

International Business Economics - Essay Example Thus, economic growth can be measured in nominal terms by taking into concern the factors like inflation and other economic indicators (Barro & Sala-i-Martin, 2004). Economic growth is usually calculated in real terms to eliminate the changing effect of inflation on the price of total goods produced. Whenever, one examines the modern economy and traditional development, the process of growth in an economy can also be identified at large. Identifiably, traditional economists have attempted to develop certain theories based on which the economic growth can be examined. This can be substantiated with reference to the fact that without the support of agriculture, industrialisation economic revolution cannot be made possible. The percent rate of increase in real Gross Domestic Product or GDP is measured as economic growth. The growth ratio of GDP is therefore called as per capita income. GDP growth indicates the increase rate in inputs such as capital, population or territory, which is known as extensive growth. On the other hand, an increase in growth caused by more efficient use of inputs is referred as intensive growth (Tahvonen, 2000). Based on the study of economics, one of the issues relating to international business economics i.e. â€Å"Economic Growth† typically refers to the growth of probable outputs like production at full employment in every field. Economic growth is generally eminent from the development in the sphere of economics. Meanwhile, economic growth is measured as the annual percent of GDP. Justifiably, GDP measures the market economy, which tends to exaggerate growth during the change from farming economy to household production. It is worth mentioning that the study of macro economics has a strong interrelation with economic growth, as it is fundamentally based on growth of agriculture and industrial production among others (Barro & Sala-i-Martin,

Marketing Plan for Breads and Bakes Essay Example | Topics and Well Written Essays - 1000 words

Marketing Plan for Breads and Bakes - Essay Example The experience and the knowledge of B&B owners, product variety, and skilled workers are the strengths of the enterprise. The weakness of the firm arises from its dearth of knowledge regarding the taste and preference of the local clientele. The firm has a prospect of benefiting from the mild competitive rivalry and the large consumer base in the locality. The competition arising from the well-established and prominent cafes are a major threat.The retail industry for food and beverages in the US is swelling rapidly. The increased demand for the freshly baked products, including muffins, bread, and beverages such as coffee arises from the cool business climate of Seattle. The low competition in the locality also increases the demand for products (U.S Department of Commerce, 2008). Large coffee chains and espresso bars are the main rivals of B&B. Nonetheless, the cafes often have limited clients because of the higher outlays with which they are associated. B&B is economical in its comp etitive price, acquiring more clients (Langlois & Csontos, 1993).The firm’s products are a variety of coffee, espresso, and freshly baked products. The firm will market the products to the locals, tourists, and travelers in the town.The local residents aged between 15 and 50 years are the target market of the firm. The firm also targets the tourists and the frequent travelers in the town.B&B will be different from other firms in terms of a wide variety of provisions and competitive pricing.