The Managerial Economic Theories Samples †MyAssignmenthelp.com

Question: Discuss about the Managerial Economic Theories. Answer: The managerial economic theories are a branch of economics and its applications on microeconomic analysis to the business decision methods. It encompasses economic theory and economics that is put in practice. Global development is meant to oversee the foundation of jobs in the world countries on the development in agriculture, health of the family, delivery of vaccines, emergency relieve and the access to internet and also computers. The strategies that can be employed include having a morning routine, remove destructions, make lists and also adhere ring to the five minutes rule. It is also important to involve the stake holders in the creation of investment plan. This will involve: definition of goals, determination of risk tolerance, and review of accounts to optimize investments and keep fees in check. The kind of small enterprise in our research will be timer Construction Company (Birch, 2014). Objectives of research The purpose of this research is to assess the variety of elements that affect the demand for goals and services that are generated by timer Construction Company. The research will also assess the demand of the services provided by the timer construction company and also assess the size of the market cover. The research is also meant o identify the factors that are meant to alter the demand such as income, demography and substitutable and complementary services. The research assesses the level of satisfaction of consumers in the services provided by the company and also how demand is going to be affected by price. The research is also aimed at the identification of the possible investment alternative basing on locality, scale, investment timing and policy changes and also the description of assess to each of the benefits of the preferred alternative. Methodology Both primary and secondary data collection have been involved in the study that regards the study of analysis of demand. Fifty customers have been interviewed with regard to the prices of services provided by the firm and their satisfaction. Workers from timer Construction Company have also been interviewed with an aim of identifying variables and specifically the economic ones which have an impact on the company. We will present the qualitative research analysis by the use of qualitative research method (Colombage, 2013). Analysis Previous Economic Performance Timer Construction Company has got to collaborate with influencers aimed at the expansion of the business and the extension of their brand. This has been able due to the presence of the inspirational content coming from influencers in their blogging cites. This has made timer construction company remain in the competitive market place since they have been actively involved in venturing in the new markets. Moderation of prices has seen the demand for services to increase for the company in the market (Easterly Rebelo, 2013). Microeconomic policies, issues and indicators The government of the United States has set new financial management and included in the financial year reforms with an aim of controlling the aggregate demand and the pressure of inflation. The government has come up with issues to do with the coming up of substitutes for the services and also set flow prices in order to make sure that incomes are almost in equilibrium with demand. To counter this, Timer Construction Company has come up with the system of improving services to customers in order to retain the customers loyalty (Mahoney Pandian, 2012). Economic outlook and projections for key indicators With reference to the purchasing power parity, the USA GDP expanded by 2.6% p.a in the financial year 2016/2017.this has been possible due to the increase in the business equipment investment of small businesses like Timer Construction Company. The consumer process in the US went up by 1.6% and this pressurerised the timer construction company (Jensen Meckling,2014). Impact of globalization The strategies set by timer Construction Company have been core in the determination of the excellence of the business in the market. Doing business globally gas enables timer Construction Company to borrow ideas from foreign countries and offer them to the natives at a lower price. The invention of new machines has also led to reduction in labor and maximization of profits (Easterly Rebelo, 2013). Opportunities Increase in demand Due to the increase in demand and also increased economic growth in the economy of USA, the demand for the services of timer Construction Company flourished. The economic growth was noted to increase from 1.2% to 2.6% and this was so encouraging for timer Construction Company since it desires to stay in the market (Denison,2014). Reduced uncertainty Due to the low rates of 1.6% in the USA, Timer Construction Company is able to maintain its functions and also other companies. This state enables Timer Construction Company to increase its investments. Growing interests in new building styles Due to the emergence of new styles of building houses, the consumers have increased the consumption of the services in that they employ labor from Timer Construction Company at a good pay (Colombage,2013). Threats Government regulations The government puts across rules and regulations on the health and safety for workers. This proves to be too costly for the small business enterprises like Timer Construction Company. This comes with high penalties if the business does not put them in place. These regulations include the enforcement for employment standards (Cainelli et al,2015). Competition Due to the growth in demand of new housing styles, timer Construction Company faces stiff competition from already established and big multinational like the Hau Xou construction company which also offers the same services and also other companies. This makes timer perform construction to perform under low sales (Birch, 2014). Conclusion Timer Construction Company has been facing both opportunities and threats in its operations. The opportunities include the increased demand while the threats include the increase in competition. For small business enterprises to remain in the market, it is advisable for it to venture into new markets and sale services at a relatively low price and give high quality services. This discussion concerning the analysis of demand is effective for the small business enterprises like Timer Construction Company. If all the business wants to remain in the market. Factors to do with income, demographics and the complementary of the goods or services are in control and hence this sees the timer construction company remain in the market. It is advisable for Timer Construction Company to counter the detrimental factors early enough and purpose on maximizing the opportunities. References Birch, D. G. (2015). work creation in America: How our smallest companies put the most people to work. Cainelli, G., Evangelista, R., Savona, M (2014).The effect of novelty on economic performance in services.The Service Industries Journal,25(3), 243-250. Colombage, S. R. (2013). Monetary markets and economic presentation: empirical proof from five developed economies.Investigation in international commerce and funding,12(4), 321-353. Denison, E. F. (2014). Sources of economic growth in the United States and the alternatives before us. Easterly, W., Rebelo, S. (2013). Fiscal and economic growth.Journal of financial economics,23(4), 378-386. Jensen, M. C., Meckling, W. H. (2014). Hypothesis of firm: Managerial behavior, society costs and rights organization.periodical of financial economics,2(5), 319-340. Mahoney, J. T., Pandian, J. R. (2012).There source?based view in the discussion of strategic management.Strategic organization periodical,32(6), 211-230.