2008 Economic Crisis

NIMS (National Incidence Managment System) also known as FEMA.
When there is a natural disaster, emergency crews (fire department, ambulance, police etc.) is usually the first help on the scene to help people out. Socialism system offers the best solution for handling emergency situations because the government takes care of paying the people who work there so everyone can focus on helping the people in need. Being a not for profit organization means that everyone doing what they are supposed to and looking after injured people's best interest. Socialism in it's perfect form (which rarely ever happens) seems to be the best economic system because it teaches people how to share things with your neighbor and to help out on the time of need.

First of all we have to think why this current economy crisis raised. simple answer will be this: because of having more consumer than production. Now main question is coming why it is happening? because people are not understanding what really means job and develop. people thought that job is someone who sit on the table and work without getting dust on your hand. and people thought that rising numbers of such a people in country are developed. so, most of the people around the world caught on this unrealistic appearance. they never considered that doing a farming in the field are best job and they never considered its develop country where all the people are engage in farming. if 50% of people consider that agriculture is important and work on it, there wont be any starving situation around the world. and its full proof of recession.

The state of condition of having little or no money, goods or mean of support.

the death of the former president- Ninoy Aquino

He was assassinated at the Manila International Airport upon returning home from exile in the United States.

Despite a convoy of security guards (all assigned to him by the Marcos government), a contingent of 1,200 military and police personnel on the tarmac, three armed bodyguards personally escorting him, and a bulletproof vest Aquino was wearing, Aquino was fatally shot in the head as he was escorted off the airplane. From the airplane, aviation security personnel were seen firing into the body of an unknown man dressed in blue, who was identified as Rolando Galman. Aquino's body was quickly loaded into a van and sped away.

The near future changing marketing landscape is very much here:

Go-to-market, or GTM, is a critical aspect of any business. It's the strategy and tactics a company uses to successfully introduce a product or service to the market and achieve its desired sales and revenue goals.

The first step in developing a strong GTM strategy is market research. This involves understanding your target customer, their pain points, and the competitive landscape. This information is crucial in determining the most promising market segments and channels to target.

Once you have a solid understanding of the market, it's time to focus on product development. This includes fine-tuning the features and benefits of your product or service to align with the needs of your target customer.

Distribution and promotion are the final pieces of the GTM puzzle. These efforts focus on getting your product or service in front of the right people, through the right channels, at the right time. This may include working with partners, utilizing digital marketing, and creating a strong sales team.

In summary, Go-to-market strategy is about identifying and targeting the most promising market segments and channels, and then developing and executing the most effective tactics for reaching and selling to those customers. By following these steps, your business will be well on its way to achieving its desired sales and revenue goals.

Importance of Opportunity cost to an individual are :

1. It influences the individuals household in decision making among his numerous wants.

2. It helps the individual to know how to maximise his satisfaction from his limited resources through drawing scale of preference.

Importance of Opportunity Cost to Firms

1. It helps a firm to decide to use labour intensive instead of capital intensive method to achieve the highest output.

Importance of Opportunity Cost to Government:

1. It enables the government to maximize the welfare of its citizen by choosing the right projects it should spend its scarce resources on.

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The global crisis occurs when people aren't buying enough goods and services. This then puts business in a bad situation because the demand for goods and services are down and people are saving their money instead of spending it. It's basically when a recession happens and the crisis is that the economy is not coping and business isn't coping. People need more money so that's why the government gives out stimulus packages of money so people can buy goods and services and the economy picks up.

Developing countries are ones whose economies are in the developing stage. They are in the growth phase. Much of their revenue is through export to developed countries like the US, UK etc.

When a super power like the US is reeling under a crisis, the plight of developing countries is worse. Their GDP's would come down, unemployment, high inflation, lesser industrial production, lesser per capita consumption etc are some issues that would be faced by such countries.

financial services maybe

A debenture is basically an unsecured loan to a corporation. Often there is a provision to exchange this debt for corporate stock. Non-convertible debentures do not have this provision.

Non Convertible Debentures are relatively safer than stocks. In case the company winds up, claims of NCD holders will be superior to those holding other unsecured assets of the company such as stocks etc. In fact NCDs can be considered to be safer than Company Fixed Deposits as well.

Factors like political unrest,natural calamity, availability of raw materials affect a business. While in the former two, the business house has little to do and watch helplessly and wait for the outcome. Shortage or non availability of raw material can be overcome by import,which will add to the manufacturing cost. Even ups and downs in international financial markets have repercussion on domestic market. The exporters sit idle for lack of orders and the importers are to pay high import duty for exchange rate fluctuation.

1. Stock market crash. People loose a lot of money. 2. Business shows down. 3. Some people can't pay off their loans. There foreclosures and bankruptcies. 4. Banks have incurred huge losses. Their earnings came down. 5. Financial institutions have gone bust or have been taken over by bigger organizations 6. The housing prices have plummeted 7. The liquidity in the financial system has come down etc.

Financial meltdown is another term used for a financial crisis. You can compare the performance of the financial markets with the burning of a candle.

The world economy and financial markets were in a bad mess a few months back due to the subprime economic crisis. Investment Banks went bust, home loan foreclosures and defaults were at their peak, stock markets crashed, etc etc

Urbanization increases the consumer class as well employment. More people in cities will create more jobs. A bigger consumer class will obviously consume more resources and employment ensures people have money to spend. These two together increase consumer spending and hence drives the economy and state spending.

For example: An increase in Urban population will increase the need of infrastructure, food, healthcare facilities, etc. and thus will increase the need of human resource creating jobs. These people will earn and spend thus driving economy. These people will save also...thus giving money back to banks. Banks give this money to industry in form of loans.

So, this a whole cycle and everything is connected.

International Union for Conservation of Nature.

It is an international organization dedicated to natural resource conservation. It was founded in October 1948, as the International Union for the Protection of Nature (IUPN), following an international conference at Fontainebleau, France. Its headquarters are located in the Lake Geneva area in Gland, Switzerland.

The power sharing arrangement that the fascist had in the Italian governments in the 1920s helped to prepare some of its members to handle parts of the economy well when the global depression hit. The investment in what we call "infrastructure" was an appropriate public use of money. The modernization of healthcare in the 1930s put many women through medical schools so they could staff the village and town clinics built as part of the public works program. These useful public works and the hydroelectric plants created to power the "re-birth" of the Roman Empire under Mussolini and his fascist technocrats planned to build and rule. The move towards autarky in the 1930s was a wasteful and foolish plan to be self-sufficient in a way that Italy never was during the actual era of the Roman Empire.

So while the public health and the infrastructure spending was appropriate and helpful to Italian society, war and autarky were economically disastrous distortions of a nationalist economic system. The disaster that was the "struggle for wheat" and the "struggle for iron" and entry into war on the side of Germany sank the Italian economy. Ultimately Mussolini's will to create a self-sufficient militaristic state trumped the good of an advanced public health system and an advanced public building program that relieved the effects of the great depression and provided a modern road system that aided commerce.

In balance the modernization of the Italian economy .in the 1920s-1930s under the fascist leadership of Mussolini accomplished the task that other European nations and the United States accomplished in the 1910s through progressive and socialist governments. The corporatist state under the "progressive" fascists was similar to the accomplishments of the pro-business associationalist Republicans of the 1920s US. The public spending of the fascists in the 1930s was more targeted and less restricted than the moderate governments of Great Britain, France and the United States. There were admirers of Mussolini's control of the labor unions in many countries from Argentina, Brazil and China to the United Kingdom and the United State,s where the Luce family's publishing empire promoted Italian style fascism and the corporatist state for "getting the trains to run on time." It was a high price to pay, switching from inefficient, elected, representative government to a fascist dictator just to crush the labor unions, but members of the upper class in the US and UK were interested in the idea. Fortunately the public in those countries were not interested in making a switch to Italian fascism.

1) Rising interest rates due to high economic growth. The cost of borrowing has increased dramatically and has tended to force many Australian's to stop spending. The RBA has aimed for a soft landing by increasing the basis points over the past few months. 2) Inflated prices especially in real estate (interestingly there has been a reduction in advertisements for those selling houses) 3) Extremely High dollar compared with the US dollar. This can lead to a number of economic problems e.g. decreased tourism and investment and our exports becoming less attractive.

Debit Memo - It is a sales document used in complaints processing to request a debit memo for a customer. If the prices calculated for the customer were too low, for example, calculated with the wrong scaled prices, you can create a debit memo request. The debit memo request can be blocked so that it can be checked. When it has been approved, you can remove the block. It is like a standard order. The system uses the debit memo request to create a debit memo. Credit Memo - A transaction that reduces Amounts Receivable from a customer is a credit memo. For eg. The customer could return damaged goods. A debit memo is a transaction that reduces Amounts Payable to a vendor because, you send damaged goods back to your vendor. Credit memo request is a sales document used in complaints processing to request a credit memo for a customer. If the price calculated for the customer is too high, for example, because the wrong scale prices were used or a discount was forgotten, you can create a credit memo request. The credit memo request is blocked for further processing so that it can be checked. If the request is approved, you can remove the block. The system uses the credit memo request to create a credit memo. A debit note given to you means you owe money, a credit note means you are owed money.

the last recession began in march of 2001 and ended in November 2001.

Depending on what kind of financial crisis is being described for example; large scale financial crisis such as businesses and communities or small scale such as personal financial troubles. On a personal level not having enough money to live of for necessities is a crisis. For large scale like a community if the economy is bad then that is a big problem as well.

Hospitality industry is closely related to tourism. By the advent of global crisis, it's easy to figure out that tourism industry is down. So, relating to that, one can say hospitality industry also suffers. Moreover, those who can still afford to consider the hospitality of the industry are busy with their works too as the crisis has put extra burden in their work life.