The Modeling of Car Cost & Revenue and Best Profit in Company on Economics
Run Xu, Jiaguang Liu
DOI : 10.36344/ccijemms.2021.v03i05.001 | Cross Current Int J Econ Manag Media Stud; 2021; 3(5): 56-61
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The relationship between revenue and cost is established to find the intrinsic nature with integrated Cobb-Douglas function. It is found when the best labour is 98 the cost is low and the number of cars are 1.1 with the best profit intersection of 41 thousand Yuan which is best profit point with integrated method. When the best capital is 498Yuan the profit point is 1.1 of the number of cars with the 40 thousand Yuan too. The intersection of pieces and value between profit and cost attains 0.9 and 1.16 pieces with 32 and 41 thousand Yuan at the best capital and labor respectively. This is the important one in the course of profit. It is transferring the start and end point. Generally this point is regarded the best profit begins and may be chosen as the best profit. Meantime in the scope of PAA and PAC it has 0≤Aprofit≤AC, PAC and PAR it has AC≤Aprofit≤AR and ≥PAR it has Aprofit ≥AR. So the best profit has been accessed PAR the average profit is bigger than AR ie.Aprofit ≥AR. It is the last one mentioned above if manufacturer has enough investment capital and technique workers.The Cobb-Douglass Function has been a limited for example the the precision matter that makes the modeling a certain thing.
Literature Review on Determinants of Total Factor Productivity (TFP) at the Firm-Level
Dong Thi Thuy Linh
DOI : 10.36344/ccijemms.2021.v03i04.002 | Cross Current Int J Econ Manag Media Stud; 2021; 3(4): 47-55
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The assessment of factors affecting TFP growth at the firm-level has been mentioned by many researchers. This paper reviews the determinants of TFP at the micro level. The determinants of TFP examined in this paper are the following: technology, export activities, foreign direct investment, firm location, managerial ability, firm age, and other factors such as financial constraints, salary, capital structure, resource constraint. This is followed by a review of studies analysing multiple determinants of TFP because productivity has many affecting factors, and these factors often interact and create synergies. Omitting other important factors that affect productivity will result in misleading estimates of the production functions and productivity so several studies have addressed this issue by looking at multiple factors that affect productivity.
Original Research Article
Time-Series Analysis of Industrial Sector Performance and Economic Growth in Nigeria: A Disaggregated Approach
Dr. Clement Korgbeelo, Dr. Leelee N. Deekor
DOI : 10.36344/ccijemms.2021.v03i04.001 | Cross Current Int J Econ Manag Media Stud; 2021; 3(4): 35-46
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This study investigated the impact of industrial section performance on economic growth in Nigeria. Specifically, the study examined the impact of manufacturing sector output, mining and quarrying sector output, utility sector output and construction sector output on economic growth proxied by per capital real gross domestic product in Nigeria. Phillips-Perron unit root test, Johansen cointegration test and error correction mechanism (ECM) were applied on annual time-series data for the period 1981 to 2019. The findings indicated a long-run relationship between industrial sector performance and economic growth. The estimated long-run regression result showed that manufacturing, and mining and quarrying subsectors make significant contribution to economic growth while utility and construction subsectors have insignificant positive impact on economic growth in Nigeria. The short-run (ECM) regression result showed that the outputs of the manufacturing, mining and quarrying, construction and utility sectors all have insignificant positive impact on economic growth. Among other things, it is recommended that there should be a general improvement in the productive capacity of the industrial sector to enhance its contribution to economic growth.
Crisis Leadership in a Hotel Industry during COVID-19 Pandemic in Thailand
Chaiyaset Promsri, Suchira Chaigusin, Pinya Magtanaroong, Kawin Magtanaroong
DOI : 10.36344/ccijemms.2021.v03i03.003 | Cross Current Int J Econ Manag Media Stud; 2021; 3(3): 29-34
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As previous literatures and research demonstrated the importance of crisis leadership, the major purpose of this article was to identify the significance of crisis leadership during COVID-19 Pandemic. Numerous key characteristics of crisis leadership were proposed in many sources. During COVID-19 pandemic, the plea for crisis leadership is unavoidable in all business arenas. Nonetheless, as hotel industry has been severely affected by COVID-19, this article needed to explore whether or not crisis leadership played a vital role on mitigating the crisis. Three listed hotel companies in Stock Exchange of Thailand (SET) were selected as the cases for analysis. Results demonstrated that only one company among these three hotel companies could earn positive net profit income during the pandemic while the other two companies ended up with negative net income. Despite CEOs of these hotel companies implemented key qualities of crisis leadership, the results were not the equivalent in terms of financial performance depending on several hidden forces that were excluded in this analysis, which outlined the limitations of this study. Hence, the repetitive study and analysis with additional approaches and information were recommended.
Original Research Article
A Study Assessing the Brand Loyalty Creation by Promotion Mix for KOTON Brand
Dr. Swapnil Singh, Dr. Uma Shankar Singh
DOI : 10.36344/ccijemms.2021.v03i03.002 | Cross Current Int J Econ Manag Media Stud; 2021; 3(3): 19-28
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Today, the competitive markets are full of similar products and goods which sometimes do not have any physical differences also. Therefore, there is a need for the companies to develop a specific feature which makes their brand distinguishable from the commonly available products in the same category. Research problem observed was to have the conceptual verification for promotion mix impact on creation of brand loyalty in the specific case of KOTON brand. The research has adopted the quantitative research method where the design of research is descriptive. Simple random sampling technique of probability sampling is applied for choosing respondents with sample size of 216 respondents. A survey instrument has been adopted to collect the data which comprises of two sections; the first section is of demographic information (Gender, Age, Marital Status, Level of Education and Family Income). The second section is related to Sales Promotion activities (Advertising: Item 1 - Item 4; Sales Promotion: Item 5 - Item 8; Public Relation: Item 9 - Item 12, and Personal Selling: Item 13 – Item 16) and Brand Loyalty consisting of Item 17 - Item 21. The scope of the study is well defined where conceptual scope is promotion mix and brand loyalty, industrial scope chosen is KOTON brand, and the geographic scope is taken as the Kurdistan region for the present study. Data analysis performed using SPSS 24 for statistical tests includes Percentage, Frequency, One sample T-test, Correlation and Regression. Research problem got the solution fulfilling research objectives formulated as the Brand Loyalty of consumers towards KOTON brand. Promotion Mix has shown the highest effect (B) on Brand Loyalty with .472, and the correlation is (Beta) .275. The four variables tested with respect to Brand Loyalty and they justified that Personal Selling has the highest B value (.451) and Beta .315. Public Relation is the second important variable followed by Advertising with a comparatively lower B and
“What We Do Not Know About Smoking and COVID-19 Can Hunt Us Down”
Maria Jose Miguez, Diego Bueno, Clery Quiros, Cassandra A. Stanton, Jose Castro
DOI : 10.36344/ccijemms.2021.v03i03.001 | Cross Current Int J Econ Manag Media Stud; 2021; 3(3): 17-18
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In the COVID-19 pandemic, smoking is often overlooked, and it is widely abused by underserved populations. Drug addictions such as tobacco could influence future outcomes as they impact obstructive pulmonary and cardiovascular diseases that might prove long-lived and worsens the impact of COVID-19. Future studies need to focus on smoking related illness by COVID-19 patients.
Original Research Article
Influence of Rural-Urban Migration on Waste Management in the Enugu Metropolis
Silk Ugwu Ogbu, Walter. O. Ezeodili
DOI : 10.36344/ccijemms.2021.v03i02.001 | Cross Current Int J Econ Manag Media Stud; 2021; 3(2): 5-16
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The study examined the influence of rural-urban migration on waste management in the Enugu metropolis. It was motivated by the waste disposal problems and challenges in the coal city. The specific objectives sought were to: determine the impact of rural-urban migration, the influence of irregular collection and disposal of refuse, and the influence of indiscriminate dumping of refuse on waste management in the Enugu metropolis. A survey design was adopted for the study. The area of study was the Enugu metropolis which includes Enugu East, Enugu South and Enugu North local government areas. The study covered activities of Enugu State Waste Management Agency, household residents, as well as contractors on waste management in the Enugu metropolis. The study population, 722,664, was drawn from the three local governments areas mentioned. The instrument for data collection was a structured questionnaire. Data collected were presented in Likert 5-points scale, and analysed with a measure of central tendency (Mean). Results indicate that increase in rural-urban migration have a negative impact on waste generation and management in Enugu State. The study recommended among other things that the Enugu State government should try to stem the tide of rural-urban migration and also develop strategies to control indiscriminate dumping of refuse in the city while ensuring that refuse collection and disposal are timely and regularly done across the Enugu metropolis.
