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On the night before the firm announces the expansion plan at a press conference, you are sitting in your home office reflecting on what you have learned about the process over the last several weeks. Articulate how macro- and microeconomics come into play in the context of firm decision-making in a global business.

Some questions to answer might be "how does the economy in the US and other regions affect CPI's business?" remember, CPI is discussing plans for expansion. Go through the previous assignments and discuss the various economic concepts you have learned about.

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The response addresses the queries posted in 500 words with references

// The following paper deals with the aspects of what role does micro and macro economics play in decision making of a company named, Consumer Products Inc. (CPI). Few questions pertaining to the managerial economics would also be solved.//

Consumer Products Inc. (CPI) is a U.S. regional consumer products corporation located in Phoenix, Arizona. The company produces and distributes a small line of consumer products to retailers in major western cities including Los Angeles, San Francisco, Seattle, Portland, and Phoenix. The company has an excellent reputation as a good corporate citizen and producer of some of the highest quality products in the business.

// After the brief introduction about the company, the role of micro and macro economics in decision making would be conducted and an attempt would be made in explaining the effect on global business.//

As we know that both microeconomics and macroeconomics are two main branches of economics. Microeconomics is the branch which centers on how ...

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The response addresses the queries posted in 500 words with references

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Similar Posting

Short answer questions in economics: economics, market economy, command economy,supply and demand

Questions (also attached):

1) What is economics?
2) What types of things are considered in economics? What is not?
3) What role does economics play in your personal decisions?
4) What are the advantages of a market versus a command economy?

1. What is the difference between the shift of and a movement along the demand curve?
2. What is the difference between the shift of and a movement along the supply curve?
3. How do shortages and surpluses develop?
4. What types of shortages and surpluses affect you either personally or in your work environment?

2. Answer the following questions:
a. What causes the changes in supply and demand?
b. How do shifts in supply and demand affect your decision making?
c. List four key points in the study of economics.

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