Supply And Demand Essay

491 words - 2 pages

Supply and Demand

Rasmussen College

Author Note
This paper is being submitted on August 18, 2013, for Donna Carignan’s B136/GEB1011 Introduction to Business course.

Supply and Demand
Consumer and producer expectations have a way of influencing customer perception of the price and taste climate of a business. These supply and demand factors can impact a business operation and affect its competitors. Supplies are assets until they are used by the demands that influence business operations such as an example the Subway located at 2406 Land O' Lakes Boulevard, Land O' Lakes, FL 34639 (Google Map). As one of several convenient food service providers to consumers situated in the vicinity of the intersection of highway 54 and Land O' Lakes Boulevard. “Whenever there is a change in one of the factors of ...view middle of the document...

Products have different sensitivity to changes in price. Subway’s healthy and economic marketing approach anticipates attracting those consumer’s demands. However, their competitors’ pricing can influence their own produce price, to include the expectation of the producer assessment on its supply demand.
Demand
Factors such as consumer expectation and taste affect a consumer purchasing habit. A health economic conscious consumer may value Subway over the fast-food changes as the ideal venue suited to meet their supply demand. This expectation can determine whether an individual by-pass the food-change. In general, food service providers as Subway rely on consumer taste in determining the product in which is required to maintain in their supply. Changing in consumer tastes potentially can reject a demand and effect supply. High fashionable goods and services attractive consumer demand taste in the same way as advertising is designed to influence consumer taste. If consumer decrease or stop purchasing a Subway item it would indicate an expectation in a change in demand.

Applying economic concept strategies challenge a producer as Subway to constantly analyzing effects on consumer forecasting, pricing, and taste. Especially since each of these factors can also affect the others supply and demand performance. In adequate consumer forecasting, and understanding the effect pricing, and taste risk supply and demand miss management.

References

Econport, Impact of Shifts in Demand and Supply, http://www.econport.org/content/handbook/
Equilibrium/Impact-.html

Google, Google Map, https://maps.google.com/maps?ie=UTF-8&q=subway+land+o+lakes
+locations&fb=1&gl=us&hq=subway&hnear=0x88c2bb2de32d3337:0x8c723509b9335acd,
Land+O'+Lakes,+FL&cid=0,0,559042479318962229&ei=rRkQUs7pBqGr2QXjsIA4&ved
=0CJkBEPwSMAs

Other Papers Like Supply And Demand

Supply and Demand Essay

920 words - 4 pages Petroleum Prices and Demand Abstract This week's simulation is centered on GoodLife Management. GoodLife Management is located in a town by the name of Atlantis, where the company rents two-bedroom apartments on a month-to-month basis. This paper will cover the simulation’s supply and demand for two bedroom apartments, the concepts of microeconomics and macroeconomics principles, the shifts in supply and demands, and how the equilibrium is

Supply And Demand Essay

876 words - 4 pages Name: Professor: Institution: Date of Submission: The simulation concerns a supply and demand for two-bedroom rental apartments in Atlantis. There are several factors that affect demand and supply of the two-bedroom apartments leading to shift in both the demand and supply curves. One of the microeconomic principle in this simulation is the law of increasing opportunity cost because it states that production

Supply And Demand

509 words - 3 pages Supply And Demand In the business world, business owners are all concerned with supply and demand. From the large hamburger franchise to the local burger joint down the street, supply and demand effects everyone. Of course, supply and demand are affected by many different factors. In order to adequately show you how some factors affect both supply and demand, let's start off by picking a business to use for an example. I'll use the

Supply and Demand Simulation

564 words - 3 pages Supply and Demand Simulation Andrea Nelson ECO/365 May 12. 2014 Vilma Vallillee Supply and demand simulation From the University of Phoenix supply and demand simulation I identified a few microeconomic and macroeconomic principles. Monopoly and Maximizing revenue are two microeconomic concepts. Colander (2010) explains that microeconomics is “the study of individual choice, and how that choice is influenced by economic factors (p. 15

Supply and Demand

575 words - 3 pages categorized these principles or concepts as macroeconomic or microeconomic. Economic theory is divided into two parts: microeconomic theory and macroeconomic theory. Microeconomics is the study of individual choice, and how that choice is influenced by economic forces. In the simulation two principles of microeconomics were highlighted, Supply and demand. The demand curve shows the quantities of a particular good or service that buyers will be

Supply and Demand

731 words - 3 pages Supply and Demand Lisa Krezman ECO/365 October 21, 2013 Ramaling Iyer Supply and Demand Atlantis a small city with a distinguished atmosphere that has paternal for grow. A company Goodlife is looking at the effects of supply and demand on two- bedroom apartment rental. Goodlife is a property management company that manages seven apartment complexes with two-bedroom unit for rent in Atlantis. Currently, Goodlife who has monopolized the

Demand And Supply Questions

550 words - 3 pages Chapter 4 1. Suppose we have the following market supply and demand schedules for bicycles: a. Plot the supply curve and the demand curve for bicycles in Exhibit 1. Exhibit 1 Answer: See Exhibit 3. Exhibit 3 Practice Questions to accompany Mankiw & Taylor: Economics 1 b. What is the equilibrium price of bicycles? Answer: €300 c. What is the equilibrium quantity of bicycles? Answer: 50 bicycles d. If the price of bicycles were

Supply and Demand - 1013 words

1013 words - 5 pages "Microeconomics Law of Supply and Demand" ECO 365 July 6, 2015 Michael Blakley "Microeconomics Law of Supply and Demand" The simulation of “The Laws of Supply and Demand” provided a wealth of information about how crucial micro and macroeconomic is to the economy. Green Life Apartments in Atlantis city depicted the impact of various economic factors; in which it was apparent that micro and macroeconomic played a role in this scenario. In

Supply And Demand

916 words - 4 pages CAR Explain factors that could cause possible changes in supply and demand. 1. Time of year - at end of year people want to wait for next model year. At beginning of year the current model in more demand than last year’s model. 2. Price of gas - SUV (gas guzzlers) become less desirable when gas is high. 3.Fad - going green is chic so hybrids and flex fuel and smaller cars are desirable. 4. Taxes - governments can given lower taxes or

Demand and Supply Simulation

1105 words - 5 pages Supply and Demand Simulation Nora Chaparro ECO/365 April 28, 2014 Frank Vigil Supply and Demand Simulation According to Adams (2002), microeconomics is the interaction and behavior of individual units in an economy. On the other hand, however, he says that macroeconomics looks at the economy as an aggregate. While microeconomics has a narrow view of the economy, macroeconomics looks at the economy from a broad perspective. In the

Aggregate Demand And Supply

1995 words - 8 pages AGGREGATE DEMAND AND SUPPLY AGGREGATE DEMAND:- Aggregate demand is the amount which will be spent at different values of the price level. It is composed of consumption (C), investment (I), government spending (6) and net exports (X—M). THE AGGREGATE DEMAND CURVE:- The aggregate demand curve shows the quantity of goods and services which households, firms, overseas buyers and government are prepared to buy at different values of the

Related Essays

Supply And Demand Essay 308 Words

308 words - 2 pages The GoodLife Management supply and demand simulation is based on the management of 2500 two-bedroom condominium apartments in a fictitious town named Atlantis. According to the simulation they are the only management firm in Atlantis and have a monopoly in the market. The simulation shows the issues the management deals with and gives the opportunity to see how the right or wrong decisions can affect the outcome of those decisions. What causes

Supply And Demand Essay 925 Words

925 words - 4 pages Running head: SUPPLY AND DEMAND SIMULATION Supply and Demand Simulation University of Phoenix ECO 365 Introduction A number of factors, including price increases or decreases, cause changes in supply and demand. An incremental decrease in the rental price led to a huge increase in the demand for houses. Similarly, an increase in the rental price of two roomed apartments caused a decrease in the demand of houses by a significant margin

Supply And Demand Simulation Essay

923 words - 4 pages Supply and Demand Simulation ECO/365 November 11, 2013 Supply and Demand Simulation Microeconomic and Macro Principles As per the simulation, the two major principles of microeconomics are demand and supply. The simulation focused majorly on the demand and supply of rental properties. The simulation clearly states that the macroeconomic factors are changes in the population trend. One of the factors that would directly influence these

Supply And Demand Essay 345 Words

345 words - 2 pages Assignment #2: Supply and Demand Knowledge and Understanding (/4) 1) Explain in your own words the concepts of supply and demand. Communication (/5) 2) Our school cafeteria sells a very limited amount of healthy foods such as low fat wraps, fresh fruit and high fibre breads. Write a proper paragraph that explains how the forces of supply and demand interact to produce the right amount of goods (food) at the right price – the equilibrium