ECON201

ECON201 = Assignment 2-Case Study-Chapters: 7, 8, 9 & 12 - Case Study When taxes induce people to change their behavior—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from the individual income tax in many countries. In a case study in Chapter 8, we discussed how this tax discourages people from working as hard as they otherwise might. Another inefficiency caused by this tax is that it discourages people from saving. Consider a person 25 years’ old who is considering saving $1,000. If he puts this money in a savings account that earns 8 percent and leaves it there, he would have $21,720 when he retires at age 65. Yet if the government taxes one-fourth of his interest income each year, the effective interest rate is only 6 percent. After 40 years of earning 6 percent, the $1,000 grows to only $10,290, less than half of what it would have been without taxation. Thus, because interest income is taxed, saving is much less attractive. Some economists advocate eliminating the current tax system’s disincentive toward saving by changing the basis of taxation. Rather than taxing the amount of income that people earn, the government could tax the amount that people spend. Under this proposal, all income that is saved would not be taxed until the saving is later spent. This alternative system, called a consumption tax, would not distort people’s saving decisions. Various provisions of the current tax code already make the tax system a bit like a consumption tax. Taxpayers can put a limited amount of their saving into special accounts—such as Individual Retirement Accounts and 401(k) plans—that escape taxation until the money is withdrawn at retirement. For people who do most of their saving through these retirement accounts, their tax bill is, in effect, based on their consumption rather than their income. European countries tend to rely more on consumption taxes than does the United States. Most of them raise a significant amount of government revenue through a value-added tax, or a VAT. A VAT is like the retail sales tax that many U.S. states use, but rather than collecting all of the tax at the retail level when the consumer buys the final good, the government collects the tax in stages as the good is being produced (that is, as value is added by firms along the chain of production). Various U.S. policymakers have proposed that the tax code move further in direction of taxing consumption rather than income. In 2005, economist Alan Greenspan, then Chairman of the Federal Reserve, offered this advice to a presidential commission on tax reform: “As you know, many economists believe that a consumption tax would be best from the perspective of promoting economic growth—particularly if one were designing a tax system from scratch—because a consumption tax is likely to encourage saving and capital formation. However, getting from the current tax system to a consumption tax raises a challenging set of transition issues.”

ECON201 Questions

Q1: What should be taxed - Personal Income or Personal Consumption and why? Provide your opinion based on the case given above. (Minimum 200 words).                                                                            [5 Marks] Q2: How may it affect Saudi Economy if an income tax is imposed in KSA?  (Min 200 words)?       [5 Marks]     Q3: In each of the following cases, determine how much GDP and each of its components is affected?                                                                                                                                     [5 Marks]         

1. Ahmad spends $300 to buy his dinner at the finest restaurant in Boston.

 

1. Abdul spends $1500 on a new laptop to use it in his software company in KSA. The laptop was built in China.

 

1. Jane spends $1200 on a computer to use in her editing business. She got last year’s model on sale for a great price from a local manufacturer.

 

1. General Motors builds $500 million worth of cars, but consumers only buy $470 million worth of them.

https://www.studyhelpus.com/Questions & Answers/econ201-2/

Marketing Portfolio Assignment

Marketing Portfolio Assignment = Overview: This is the first part of the marketing portfolio project that you will complete over the course of the semester. By the time you have finished, you will have essentially written a Marketing Plan for a consumer product in Canada. You will need to choose a consumer product from the list at the bottom of the assignment. Only one team per brand.

Marketing Portfolio Assignment – GROUP PROJECT

DUE: Week 5 – Wednesday, February 9^th by 11:59 pm to the Assignment folder. Instructions:

• Identify the trends and changes that are occurring in the external environment that impact your chosen product’s marketing plan.
  • Specifically, consider trends and changes in the areas of Technology, Regulatory, Economics, Environmental, Demographics, and Sociocultural happenings in this marketplace.
  • Research and analyze at least 3 factors and how they relate specifically to your brand/product. Explain, for each of the factors you have selected, the positive or negative implications (minimum of two for each) the external environmental factor could have on your chosen product’s marketing plan. Ensure that you explain why?
  • Provide recommendations (action plans) as to what you plan to do to alter your current marketing plan to address this implication, again based on the factors you selected. Ie. How may these trends impact your Product, Price, Promotion or Place strategy? (10 marks)

 

• Review the competitive environment for your chosen product.
  • Specifically, provide details on 3 direct competitors, focusing on comparing the 4 “P”’s for your own product versus the competitor’s product.
  • Evaluate and specify your product’s ‘Unique Selling Difference’ or “Value” what makes it different and what value does it provide the consumer?
  • Provide rationale for your evaluation. (10 marks)

 

• Include a SWOT (strengths, weaknesses, opportunities, threats) analysis using a bullet point, table format.
  • This analysis should be from the perspective of your product and how it compares to its overall market/category.
  • Finally, summarize your findings and describe and explain possible implications for the marketing of this product – including both positive and negative. (10 marks)

 

• From a Global Citizenship and Equity (GC&E) perspective:
  • Identify (in your own words) how your product’s firm has supported environmentalism and sustainability, and
  • Has supported social responsibility at the national or global level. Please provide supporting documentation and examples (10 marks)

 

• Overall professionalism and presentation of the assignment
  • including cover page, bibliography including citation (APA), spelling/grammar. (5 marks)

 

Marketing Portfolio Assignment =: Format Example

External Trends Implications: + and - Action Plans
1, Technology Consumers are increasingly using on-line shopping for their purchases.	Positive Canadian Tire has just put a renewed focus on updating their website to be more user-friendly and easier to purchase Negative The chain still does not do next day deliveries home to compete effectively against Amazon. Also prices may not be competitive enough.
Economic?
Cultural?

 

• The chain needs to significantly ramp up its on-line capabilities in the following areas; Example
  • Price: review to see if pricing is competitive enough and in line with what is being offered (product, service)
  • Place; Need to get delivery established the next day to home vs going to store
  • Promotion: Needs to actively promote the on-line service to attract new customers and keep existing
  • Product: review their product line-up to see what other products they can add for variety
  • Tell me what makes your brand unique. What is the one thing that differentiates this business/brand vs the competitors? Example: Canadian Tire is a Canadian neighborhood store that offers everything you need for your household

  Format Example a)

	Lush	Bath and Body	The Body shop	Bathorium
Product
Price
Place
Promotion

b) Unique Selling Difference

• Give me three points that rationalize and support your unique selling difference

  Format Example

• Put in a Grid below
• Implications

Strengths	Weaknesses
Opportunities	Threats

From your analysis above, what are the three things that the company needs to do differently or focus on in their Business and Marketing Plan   Format

• Environmentalism and Sustainability – write down (in your own words) what the company is doing in this area
• Social Responsibility – provide examples as support

- write down (in your own words) what the company is doing in this area. - provide examples as support Submission:

• Format: Use the format and template provided for each question – it should result in a 3–4-page type-written report. Be sure to answer ALL your questions. Your assignment should be uploaded in e-centennial with a title page that includes the assignment title/brand, date, name of this class and section, the instructor’s name, and your names and student numbers. The title page and Bibliography are not part of the 4 pages.
• Note you will be judged on original thinking and plagiarizing or selecting content that has already been detailed (ie. Taken directly from the company website) is not permitted. Note your assignment will go through Turnitin, which will assess the amount of plagiarizing. So, be aware that this can lead to a “0” grade.

  Due Date: February 9^th by 11:59 pm – Submitted to e-centennial Dropbox Assignment #1 folder.   Brand/Product Selection Process:

• See the chart below and choose a brand you would like to learn more about
• Access the Padlet page and enter your choice followed by the names of each group member. Do not choose a product that a classmate/group has already selected.

  Padlet Page link - https://centennialcollege.padlet.org/llessard/md02762wpngp8g02

Evive Nutrition	Tangerine Bank	Boston Pizza	Primus
Timberland	The Hudson’s Bay Company	Mark’s Work Warehouse	Harvey’s (Burgers)
Freshii	Kawartha Dairy Ice Cream	Costco	Nutella
Ace Bakery	Urban Barn	Made Good Granola	Chik-fil-A
Dr. Oetker Pizza	Beaver Tails	Kicking Horse Coffee	Dairy Queen
Shreddies Cereal	Lush	La Croix	YoSox

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Consider whether the pI of a buffered solution of a native protein

Consider whether the pI of a buffered solution of a native protein would be the same or different after it had been denatured by addition of HCl. That is, should denaturation of a protein with HCl change the pI of the protein? If so, would the pI increase, or would it decrease upon denaturation? Justify your answer, including the definition of the pI of a protein.   https://www.studyhelpus.com/Questions & Answers/native-protein/

Draw the complete structure of phosphoric acid

Draw the complete structure of phosphoric acid, including all P-O bonds. Considering the fact that all the hydrogen atoms of phosphoric acid are in the same chemical environment, explain why the pK1, pK2, pK3 values are not all the same.   https://www.studyhelpus.com/Questions & Answers/phosphoric-acid/

Reversed-phase C-18 columns that have been equilibrated with acetonitrile and eluted

Reversed-phase C-18 columns that have been equilibrated with acetonitrile and eluted with gradients consisting of acetonitrile/water mixtures are very commonly used to separate mixtures of polypeptides. What do the terms “reversed phase” and “C-18” refer to?     https://www.studyhelpus.com/Questions & Answers/reversed-phase-c-18/

If you apply an aqueous mixture of zwitterionic amino acids

If you apply an aqueous mixture of zwitterionic amino acids to this column, many will just wash right through, whereas some will bind to the column. Speculate as to which amino acids would wash through and which would bind, and why.   https://www.studyhelpus.com/Questions & Answers/zwitterionic-amino-acids/

If the zwitterionic amino acids that wash through the column are polymerized into

If the zwitterionic amino acids that wash through the column are polymerized into, say, tripeptides and tetrapeptides, they will then bind to the column. Explain why converting individual amino acids into polypeptide sequences would be expected to enhance their affinity to a reversed phase column.     https://www.studyhelpus.com/Questions & Answers/zwitterionic/