Test Your Knowledge of French Adjectives

Higher Indirect Taxes Imposed By The Government - 1832 Words

ïÆ' ¼ Higher indirect taxes imposed by the government – for example a rise in the duty on alcohol, cigarettes and petrol/diesel or a rise in the standard rate of Value Added Tax. Depending on the price elasticity of demand and supply, suppliers may pass on the burden of the tax onto consumers. ïÆ' ¼ A fall in the exchange rate – this can cause cost push inflation because it normally leads to an increase in the prices of imported products. For example during 2007-08 the pound fell heavily against the Euro leading to a jump in the prices of imported materials from Euro Zone countries. Cost-push inflation can be illustrated by an inward shift of the short run aggregate supply curve. The fall in SRAS causes a contraction of GDP together with a rise in†¦show more content†¦This as shown in the diagram, Demand-pull inflation happens when aggregate demand (AD) increases in an economy and intersects the short run aggregate supply curve (SRAS) to the right of where SRAS and long run aggregate supply (LRAS) cross. This causes some inflation to occur in the short run, and even more in the long run as the economy adjusts (and the labor market moves back to equilibrium). Demand-pull inflation can occur for an reason that causes AD to increase but the most common are expansionary fiscal and monetary policy, and positive expectations about the future (increased growth/income expectations). The Demand pull inflation (FIGURE 3) Again, Demand pull inflation occurs when aggregate demand and output is growing at an unsustainable rate leading to increased pressure on scarce resources and a positive output gap. When there is excess demand in the economy, producers are able to raise prices and achieve bigger profit margins because they know that demand is running ahead of supply. Typically, demand-pull inflation becomes a threat when an economy has experienced a strong boom with GDP rising faster than the long run trend growth of potential GDP. Some of the possible causes of demand pull inflation are; ïÆ' ¼ A depreciation of the exchange rate which makes exports more competitive in overseas markets leading to an injection of fresh demand into the circular flow and a rise in national and demand for factor resources – there may

Effective Business Communication Communication and Culture

Question: Describe about the Effective Business Communication for Communication and Culture. Answer: Self-reflection The power point presentation prepared by me and my friend is based on the topic Non Verbal Communication and Culture. During this power point presentation I with my friend have tried to cover different areas of non verbal communication. However, the main strength of the presentation is that it is successful in conveying the meaning of non verbal communication. It clearly states how the negative and how the positive behavior can be shown in terms of non verbal communication. For example, in slide 3, under the point power and dominance we have stated how in an organization the boss can show his or her negative behavior and power by non verbal communication like, sending awkward messages or maintaining a distance with the employee in a meeting. At the same time, in the same slide we have also mentioned that ways of showing positive behavior towards client. For example, we have mentioned that with a smile on face how a person can deal with the clients or customers by showing positive attitude or behavior. Another strength of the presentation is that in that presentation we have clearly mentioned about importance included in the non verbal communication at the workplace. I and my friend mentioned about total five points as the benefits or importance that can be gained from non verbal communication at workplace. For example, in slide 4, we stated non verbal communication helps to convey the attitude and the state of mind of a person, non verbal communication helps in determining the feeling of an individual about the co-workers etc. The presentation also talks about different types of non verbal communication. As for instances, eye contact, facial expression, body language etc. Along with these all, we have also mentioned about the different ways of improving the non verbal communication, which is also strength of this presentation. For example, in slide 8 we have talked about filming yourself, practicing in front of mirror etc. Although there is much strength in the presentation that I and my friend prepared, there are also some points those I would like to change if I got another chance to prepare the presentation. At first I would like to sequence of presentation. At the same time, I would also like to avoid unnecessary descriptions. For example, what is Eye Contact or what is Body Language etc. After that I would also like to change presentation about the non verbal communication in the culture by just providing some pictures. I would like to change these because these points create the weakness in the presentation and at the same time reduce the value of the presentation. The proper sequence of the presentation like, at first definition of non verbal communication with example, then its types and then its importance, helps the spectators to understand in a better way. Unnecessary descriptions reduce the interests of the spectators regarding the presentation and it also kills the time. On the other side, just picture without any single line confuses spectators because it is problematic to remember and relate the verbal definition given by me or my friend with the picture. If I got a chance to change, first of all I would like to give a clear definition of non verbal communication with an example. After that I would like to state about the types of non verbal communication in detail and then only I would state about importance that can be achieved from non verbal communication. At the time of stating about the importance I would also like to justify each point by showing how non verbal communication helps by stating examples. I would like to change these points because these would help me to convey my knowledge about the non verbal communication in a better manner. Along with that, the detail discussion on each point including the examples helps the spectators to understand the thing clearly what I am trying to convey. Examples help the spectators to relate the knowledge with the practical ground. However, I would avoid any unnecessary description. On the other side, I would like to give more focus on the point non verbal communication in culture and I would like to clearly state how it differs from culture to culture. During the presentation, I and my friend both have contributed equally to make the presentation successful. We have collected the information regarding the non verbal communication in workplace together and we have prepared the presentation slides by considering the ideas of both of us.