Since the invention of the nerve tonic beverage Coca-Cola by Dr. John Stith Pemberton in 1885 and the incorporation of The Coca-Cola Company by Asa […]
Author Archives: Ray Charles Samson
Types and Causes of Market Failure
A market failure is an economic situation occurring from an inefficiency in the distribution of goods and services in freely functioning or unhindered markets, thus […]
Types of Economic Systems
An economic system is a structure of production, distribution of goods and services, and allocation of goods and services observed by a country and its […]
Types of Planned Economy
A planned economy is an economic system in which the government or state directly controls and regulates different facets of the economy such as investments […]
Key Elements in the Marketing Strategy of McDonald’s
One of the critical features in the business strategy of McDonald’s is a marketing strategy that puts emphasis on maintaining prominence in the global market. […]
The Business Strategy of McDonald’s
The worldwide presence of McDonald’s symbolized both globalization and the extensive influence of the American way of life. Founded in 1940 as a hamburger stand […]
The Business Strategy of Zara
Amancio Ortega is one of the most wealthiest people in the world and he owes his affluences to the success of the fast fashion company […]
Sector vs. Industry vs. Market: The Difference
The terms sector, industry, and market have been used extensively in business communications and other materials or literatures such as reference books, academic and professional […]
The Benefits of Competition in the Economy
Competition is an essential component of economic systems based in free-market capitalism. For starters, it generally arises when two or more parties seek to reach […]
Supply-Side Economics: Advantages and Disadvantages
According to the macroeconomic theory called supply-side economics, an effective way to grow the economy is by lowering taxes and decreasing government regulation. These two […]