• August 29th, 2016
  • Posted by athanne

Determinants of Relative Price Differences

The Determinants of Relative Price Differences are very useful for any economist in any given country. They tend to explain why prices of the same goods in the market are different either mostly in different parts of the country or depending on the area you are buying the goods from.

Determinants of Relative Price Differences

The Determinants of Relative Price Differences include the following;

  • Unequal Relative Endowment of Factors of Production,
  • Differing Proportions of which Factors are Combined
  • Economies of Large Scale Production.
  • Minimization of Transport Costs

Unequal Relative Endowment of Factors of Production

Unequal Relative Endowment of Factors of Production is one of the Determinants of Relative Price Differences. If we assume free markets, competitive conditions and that price in each country are determined by supply and demand the price will be fixed where the demand and supply are equal. Under these conditions, the price of the product would equal the average cost and the marginal cost. Given these relationship, we can conclude that what causes the relative cost of production to different between countries is the unequal relative endowments in productive factors in the trading countries. It is also true that technologically different commodities require different proportions of the factors of production. The more abundant the supply of a factor of production compared to other factors of production the cheaper that factor will be.

  • August 28th, 2016
  • Posted by athanne

Journal of Management Information Systems

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 Journal of Management Information Systems is a top-ranked adjudicated quarterly journal envisioned to provide an assimilated view of the entire field of MIS. It serves the wants of researchers as well as practitioners and executives managing the information resource. Business Training in Kenya has more articles

The journal accepts practical and informative submissions that make a noteworthy novel involvement to the field of management information systems.

Such contributions present; experimental, survey-based, or theoretical research of the structure, growth, or operation of information systems, applicable to the growth of the field, studies of informational policy making in the organizational, national, or international setting and inquiries of societal and commercial issues of organizational computing.

  • August 28th, 2016
  • Posted by athanne

Characteristics of Leadership

Characteristics of leadership vary with individual leaders, thus making defining leadership a little hard.  It is said that leadership characteristics are inborn and cannot be made, Some say that leaders are not born, they are made, all in all leaders can be mold. Business Training in Kenya has more articles

Good and effective leaders believe in actions rather than words. In order to be a leader the first quality, what one must possess is good character, a true leader emerges in times of adversities and guides his followers to the goal safely. We come across leaders in all walks of life like politics, any career, spirituality, sports etc.

  • August 27th, 2016
  • Posted by athanne

Marketing Proposal

A marketing proposal is a document that outlines the way to improve or complement the current working marketing plan. It is a very important document to any business and its importance should never be overlooked or underestimated. An organization with a well laid down proposal often brings out the difference between loosing and winning a given project. Business Training in Kenya has more articles.

Rules for Making a Marketing Proposal

The first rule is that one should always analyze the current marketing strategy and understand its weaknesses before developing another one.  This can be done by researching the company’s history of project to understand the strategies that it has been employing.

Next in making a marketing proposal is to perform a market analysis. Analyze what the company’s competitors doing, their successes and their weaknesses

Third, one should analyze the company’s audience, their age group, status, likes. Then define the problem areas of the company

From here the market proposal writer can now outline the new strategies with improvements to the current plan. Give solutions to each problem and suggest unique ways to reach new and current audiences. This requires innovativeness and creativity.

Finally write an executive statement that gives a summary of the whole project and your proposed solutions.

You can then submit your completed proposal to the given company

Importance of a Marketing Proposal

It helps to monitor and track the company’s marketing strategies.

It describes the strategies and steps towards achieving a company’s marketing objectives.

It is a strong marketing strategy

A proposal also lays down the company’s objectives, mission and guidelines for the company’s operations

It is a future oriented plan of action

It gives direction as to where the organization should be headed

Parts of a Marketing Proposal