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Economics For Managers - Session 06

Economics For Managers - Session 06

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Published by Abimanyu NN
ECONOMICS FOR MANAGERS
ECONOMICS FOR MANAGERS

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Categories:Types, Business/Law
Published by: Abimanyu NN on Oct 18, 2011
Copyright:Attribution Non-commercial

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10/15/2014

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PSG INSTITUTE OF MANAGEMENTMBA 2011-13 BATCHI TRIMESTERSESSION VI- FOR BATCH C AND D
ECONOMICS FORMANAGERS
 
 
The turn of events at Nokia
“Nokia, the largest seller of mobile phones by volume,
said it planned to cut more than the 1 billion euros($1.43 billion) it had previously planned to trim from its
operating expenses by 2013.”
 
“It announced the new plan as it reported a loss of 368million euros in the second quarter.”
 
“Nokia said its sales fell 7 percent in the second
quarter, to 9.275 billion euros from 10 billion euros a
year earlier.”
 
“Nokia‟s shares rose 2.5 percent as investorswelcomed the handset maker‟s intention to increase itsausterity measures.”
(From New York Times -21/07/11).
29th Aug 2011
2
EFM Faculty P.Uday Shankar
 
Production
 Production is the Creation of Goods and  Services from Inputs and Resources.
( Thomas & Maurice)
While it is easy to quantify the inputs used for production ofa pumpset it would be difficult to quantify inputs like theresources from teachers in an educational institution whichrender Services. Therefore, the examples in the study ofproduction revolve around agriculture, industry andgovernment production.
29th Aug 2011
EFM Faculty P.Uday Shankar
3

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