An international coffee cartel has just announced a drastic increase in the price of coffee. An Australian coffee distributor believes that its market share will decrease with any significant price increase since consumers will switch to drinking more tea instead of coffee. Papua New Guinea is a major coffee producer who is not a member […]
Barclays Africa restructures bank into four operating units, makes executive changesAfter an unsuccessful attempt to boost group revenues by riding on the back of growth in Africa, Barclays announced in2016that it was withdrawing from the continent. Analysts speculated that talk about Africa rising was a damp squib, howeverthe picture was more complicated for Barclays. As […]
For the previous month, the Bichsel Lounge served 1,500 customers with very few complaints. Its labor cost was $3,000, material cost was $800, energy cost was $200, and the building’s lease cost was $1,500. It was open twenty-six days during the month, and the lounge has twenty seats. They are open six hours per day, […]
India’s Transformation After gaining independence from Britain in 1947, India adopted a democratic system of government. The economic system that developed in India after 1947 was a mixed economy characterized by a large number of state-owned enterprises, centralized planning, and subsidies. This system constrained the growth of the private sector. Private companies could expand only […]
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